13/01/2016 - 16:36

This week's property round-up

13/01/2016 - 16:36

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reiwa.com property sales data for the overall market for the week ending 12 January 2016 totalled 482 which represents a 73 per cent increase in total sales over the week.

Listings for houses, units and land have all experienced an increase of 2 per cent this week.

reiwa.com property sales data for the overall market for the week ending 12 January 2016 totalled 482 which represents a 73 per cent increase in total sales over the week.

This is following a decrease in total sales activity leading up to the Christmas and New Year holiday period as is the case at around the same time in previous years. It is timely to remember the seasonal impact on sales volume during this period.

Looking at the individual sectors, reiwa.com data shows that total sales for houses sit at 482 from 279, an increase of 73 per cent in comparison to last week. Unit sales had a similar change from 220 to 368 this week, an increase of 67 per cent.

Likewise, land sales recorded an increase of 124 per cent from 21 to 47 over the week. The increase in sales across the board reflect that the overall market is adjusting itself back to more “normal” levels post the holiday season.

This week REIWA members reported an increase in weekly sales to 482. The 73 per cent increase in sales over the week is made up of a 67 per cent increase in sales for houses, 76 per cent for units and 124 per cent for land.

Even though weekly sales have been softer over the last six weeks, it is timely to remember the seasonal impact of Christmas during this period. Listings for sale have increased 2 per cent this week, from 14,291 to 14,578.

Listings for houses, units and land have all experienced an increase of 2 per cent this week.

Turning to the rental market, REIWA members reported an increase of 3 per cent in total properties available for rent over the week from 9,806 last week to 10,096 this week.

This is 5 per cent higher than figures seen four weeks ago. Compared to the same time last year, rental listings were 6,490.


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