05/03/2015 - 04:52

This week's property round-up

05/03/2015 - 04:52

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Not unexpectedly due to the long weekend, there was a 13% fall in reported activity with house and multi-residential sales down 14% and 19% respectively.

Not unexpectedly due to the long weekend, there was a 13% fall in reported activity with house and multi-residential sales down 14% and 19% respectively.

Reported sales south of the river (288) were down 16%, while north of the river (324) fared a little better, down 11%.

Listings have stabilised around 13,500 for the past two weeks, which is a 12% increase from the seasonal low of just over 12,000 early in the New Year. Increases in listings has been far from uniform.

The two coastal corridors increased greater than the overall market with north-west up 14% and south-west increasing 15%. Several central sub-markets had notable increases; City of Perth (+23%), Stirling west (23%) and western suburbs (21%). In the outer sub-markets Joondalup south (24%) and Kwinana (40%) were the big movers. Rental listings remain stable despite a 23% drop in new leases (988).

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