IN POS­I­TIVE TER­RI­TORY

Cockburn Gazette - - DRIVEWAY -

IN the four weeks to Novem­ber 20 there were 208 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 13 per cent.

The over­all Perth mar­ket sales have in­creased to 2423, a rise of 9 per cent over the four-week pe­riod and re­mains 7 per cent higher than the same time last year. Hamil­ton Hill tops the list for the high­est num­ber of sales at 18.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 9 per cent over the last four weeks but is 1 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 7 per cent but is 5 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has in­creased by six days to 70 for the three months to Oc­to­ber. The av­er­age time to sell in the Perth metro re­gion has in­creased by three days to count 68 days.

REIWA mem­bers re­ported 333 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 9 per cent over the last four weeks and is sim­i­lar to the same time last year. List­ings in the Gazette area have fallen by 1 per cent in the four-week pe­riod and are 18 per cent lower than the same time last year. The over­all mar­ket has seen list­ings re­main sta­ble over the four-week pe­riod but are 12 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Oc­to­ber 2017 is $370/week, which is $10 lower than the three months to Oc­to­ber 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $15 de­crease in the three months to Oc­to­ber.

The av­er­age time to rent in the lo­cal area has de­creased to 49 days in the three months to Oc­to­ber. NO. OF PROP­ER­TIES FOR SALE 4 WEEKS TOP SELL­ING LO­CAL SUB­URBS

18

17 15 14 12 MONTHS 10

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