CAN­NING VALE ON TOP

Comment News (Armadale) - - Street Watch -

IN the four weeks to June 4 2018 there were 233 lo­cal prop­erty sales across houses, units and land which is a de­crease of 13 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 de­creased to 1968, a drop of 11 per cent over the four-week pe­riod and re­mains 5 per cent lower than the same time last year. Can­ning Vale tops the list for the high­est num­ber of sales at 24.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 2 per cent over the last four weeks and is one per cent higher than lev­els seen at the same time last year. To­tal list­ings in the Perth Metro Re­gion have de­creased by one per cent but is sim­i­lar to lev­els recorded dur­ing the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by three days to count 75 days for the three months to May 2018. The av­er­age time to sell in the Perth Metro Re­gion has de­creased by four days to count 67 days.

REIWA mem­bers re­ported 387 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 6 per cent over the last four weeks and is 11 per cent higher than the same time last year. List­ings in the Com­ment News area have fallen by 4 per cent in the four-week pe­riod and are 22 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings de­cline by 4 per cent over the four-week pe­riod 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 $320/week which is $10 lower than the three months to May 2017.

The over­all me­dian rent for Perth has not seen a change in the three months to May 2018. Av­er­age time to rent in the lo­cal area has de­creased to 49 days in the three months to May 2018.

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