Sales in­creas­ing

Avon Valley Gazette - - NEWS -

IN the four weeks to Au­gust 27 there were 173 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 28 per cent over the four- week period. Com­pared to the same time last year, sales are higher by 32 per cent. The over­all Perth mar­ket sales have in­creased to 2045, a rise of 8 per cent over the four- week period and re­mains 4 per cent higher than the same time last year. Maida Vale tops the list for the high­est num­ber of sales at 17.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 3 per cent over the past four weeks but is 2 per cent higher than the same time last year. To­tal list­ings in the Perth metro re­gion have de­creased by 3 per cent over the four- week period but is 2 per cent higher than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by two days to 86 for the three months to July. The av­er­age time to sell in the Perth metro re­gion has de­creased by one day to 72.

REIWA mem­bers re­ported 219 to­tal prop­er­ties ( houses and units) leased for the four- week period, an in­crease of 21 per cent over the past four weeks and is 30 per cent higher than the same time last year. List­ings in the Hills Gazette area have fallen by 3 per cent in the four- week period and are 25 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 4 per cent and are 25 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to July 2018 is $ 320/ week, which is $ 10 lower than the three months to July 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to July 2018. The av­er­age time to rent in the lo­cal area has de­creased to 50 days in the three months to July 2018.

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