SALES START TO BUDGE

Cockburn Gazette - - RESIDENTIA­L -

IN the four weeks to Septem­ber 25, there were 168 lo­cal property sales across houses, units and land, which is an in­crease of 9 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 8 per cent.

The over­all Perth mar­ket sales have in­creased to 2080, a rise of 3 per cent over the four-week pe­riod and re­main 8 per cent higher than the same time last year.

Hamil­ton Hill tops the list for the high­est num­ber of sales at 14.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 1 per cent over the last four weeks but are 5 per cent lower than the same time last year.

To­tal list­ings in the metropoli­tan area have re­mained sta­ble over the four­week pe­riod and are 8 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has in­creased by one day to 72 days for the three months to Au­gust.

The av­er­age time to sell in the metropoli­tan area has in­creased by three days to 72 days.

REIWA mem­bers re­ported 289 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 24 per cent over the last four weeks and 9 per cent lower than the same time last year.

List­ings in the Fre­mantleCock­burn Gazette area have fallen by 3 per cent in the four-week pe­riod and are 21 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 3 per cent and are 8 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 $370/week, $20 lower than the three months to Au­gust 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $25 de­crease in the three months to Au­gust.

Av­er­age time to rent in the lo­cal area has de­creased to 50 days to Au­gust. NO. OF PROP­ER­TIES FOR SALE 4 WEEKS TOP SELL­ING LO­CAL SUBURBS

14

10 8 8 12 MONTHS 8

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