24/03/2016 - 13:42

This week's property round-up

24/03/2016 - 13:42

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This week, Reiwa members reported an increase in weekly sales to 685.

This week, Reiwa members reported an increase in weekly sales to 685.

The overall 13 per cent increase in sales over the week is attributed to a 16 per cent increase in sales for houses, 8 per cent for units and 2 per cent for land. Total properties listed for sale recorded a marginal increase of 1 per cent to 15,453 this week from 15,374 last week.

Listings for units and land have increased 2 per cent and 3 per cent respectively, while house listings have marginally decreased by 1 per cent.

The total number of listings recorded this week is 2 per cent higher than four weeks ago and 8 per cent higher than the same time last year.  

Turning to the rental market, Reiwa members reported total properties available for rent increased by a marginal 1 per cent over the week to 9,566. This is 3 per cent higher than levels seen four weeks ago and 45 per cent higher than the same time last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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