In­crease in sales

Canning Gazette - - STAGE -

IN the four weeks to Septem­ber 16, there were 116 lo­cal prop­erty sales across houses, units and land, an in­crease of 5 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 7 per cent.

The over­all Perth mar­ket sales in­creased to 2140, a rise of 5 per cent over the four-week pe­riod and re­mains 10 per cent higher than the same time last year.

Can­ning Vale tops the list for the high­est num­ber of sales at 25.

Prop­er­ties avail­able for sale in the lo­cal area de­creased by 4 per cent over the past four weeks and is 12 per cent lower than the same time last year.

To­tal list­ings in the Greater Perth re­gion de­creased by 2 per cent over the four-week pe­riod and is 12 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area in­creased by three days to 74 for the three months to Au­gust. The av­er­age time to sell in the Greater Perth re­gion in­creased by 10 days to 84.

REIWA mem­bers re­ported 198 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 25 per cent over the past four weeks but is 10 per cent lower than the same time last year.

List­ings in the Can­ning Gazette area have fallen by 11 per cent in the four-week pe­riod and are 26 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 5 per cent and are 19 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Au­gust is $350/week, which is un­changed from the three months to Au­gust 2018. Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to Au­gust. The av­er­age time to rent in the lo­cal area has de­creased to 40 days in the three months to Au­gust.

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