SCAR­BOR­OUGH ON TOP

Stirling Times - - Suburban Snapshot -

IN the four weeks to June 4 2018 there were 132 lo­cal prop­erty sales across houses, units and land which is a de­crease of 28 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 21 per cent. The over­all Perth mar­ket sales have de­creased to 1968, a fall of 11 per cent over the four­week pe­riod and re­mains 5 per cent lower than the same time last year. Scar­bor­ough tops the list for the high­est num­ber of sales at 24.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 5 per cent over the last four weeks but is one per cent higher than the same time last year. To­tal list­ings in the Perth Metro Re­gion have de­creased by one per cent over the four-week pe­riod and is sim­i­lar to the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by seven days to count 53 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 251 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 10 per cent over the last four weeks and is 7 per cent lower than the same time last year. List­ings in the Stir­ling Times area have risen by one per cent in the four-week pe­riod but are 26 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 4 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 $380/week which is $10 lower than the three months to May 2017.

Sim­i­larly, 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 41 days in the three months to May 2018.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.