21/01/2015 - 17:46

This week's property round-up

21/01/2015 - 17:46

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Sales activity continues to climb after the festive break, but still remains down 13 per cent on the same time last year.

REIWA president David Airey.

Sales activity continues to climb after the festive break, but still remains down 13 per cent on the same time last year.

All components contributed to the 6 per cent increase this week, which took turnover back to mid-December levels as house sales increased 4 per cent, units up 15 per cent and land sales up 10 per cent.

Listings are also continuing their rebound, up 2 per cent this week to nearly 12,600.  

Related to movements in the listing stock, the average selling days for the December quarter actually fell from 59 in the September quarter to 57 which indicates that a reasonable proportion of the new stock that come to the market in the December quarter is already under contract.

Looking at the rental market, there has been a 3 per cent drop in listings this week which is reflected in an increase in demand as property leased increased 13 per cent this week. 


STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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