Real es­tate treat

Southern Gazette (South Perth) - - NEWS -

Seven pages of lo­cal real es­tate news and sales.

IN the four weeks to Septem­ber 10 there were 213 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 2 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are higher by 5 per cent.

The over­all Perth mar­ket sales have in­creased to 2079, a rise of 7 per cent over the four-week pe­riod and re­mains 3 per cent higher than the same time last year.

For­rest­field tops the list for the high­est num­ber of sales at 20.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 3 per cent over the past four weeks and is 5 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 1 per cent and are 4 per cent higher than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by six days to 71 for the three months to Au­gust. The av­er­age time to sell in the Perth metro re­gion has re­mained un­changed at 73 days.

REIWA mem­bers re­ported 520 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 1 per cent over the past four weeks but is 3 per cent higher than the same time last year. List­ings in the South­ern

Gazette area have fallen by 11 per cent in the four-week pe­riod and are 25 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 8 per cent and are 26 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Au­gust 2018 is $350/week, which is un­changed from the three months to Au­gust 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to Au­gust 2018.

The av­er­age time to rent in the lo­cal area has de­creased to 48 days in the three months to Au­gust.

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