SALES DOWN ON 2017

Cockburn Gazette - - RESIDENTIAL -

IN the four weeks to June 18 there were 171 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 13 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 9 per cent.

The over­all Perth mar­ket sales have de­creased to 2001, a drop of 5 per cent over the four-week pe­riod and re­mains 7 per cent lower than the same time last year.

Fre­man­tle tops the list for the high­est num­ber of sales at 24.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 10 per cent over the past four weeks and is 4 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 2 per cent over the week and is 1 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by four days to 69 for the three months to May.

The av­er­age time to sell in the Perth metro re­gion has de­creased by four days to 67.

REIWA mem­bers re­ported 336 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 12 per cent over the past four weeks but is 8 per cent higher than the same time last year.

List­ings in the Gazette area have fallen by 5 per cent in the four-week pe­riod and are 24 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 1 per cent and are 24 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to May 2018 is $370/week, which is sim­i­lar to lev­els seen dur­ing the same time last year.

Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to May.

The av­er­age time to rent in the lo­cal area has de­creased to 44 days in the three months to May. NO. OF PROP­ER­TIES FOR SALE TOP SELL­ING LO­CAL SUB­URBS

24

16 11 11 12 MONTHS 10

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