East Perth big seller

Guardian Express - - RESIDENTIAL -

IN the four weeks to Oc­to­ber 1, there were 115 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 15 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 12 per cent.

The over­all Perth mar­ket sales have de­creased to 1881, a fall of 7 per cent over the four-week pe­riod and re­mains 6 per cent lower than the same time last year.

East Perth tops the list for high­est num­ber of sales at 15.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 6 per cent over the past four weeks and is 11 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 3 per cent and is 6 per cent higher than the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by six days to 67 for the three months to Septem­ber 2018. The av­er­age time to sell in the Perth metro re­gion has in­creased by one day to 74.

REIWA mem­bers re­ported 475 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 10 per cent over the past four weeks and is 7 per cent lower than the same time last year. List­ings in the Guardian

Ex­press area rose by 1 per cent in the four-week pe­riod, but are 20 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 4 per cent and are 25 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Septem­ber 2018 is $370/week, which is $10 lower than the three months to Septem­ber 2017.

Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to Septem­ber. Av­er­age time to rent in the area de­creased to 48 days in the three months to Septem­ber.

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