21/04/2016 - 13:33

This week's property round-up

21/04/2016 - 13:33

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This week, Reiwa members reported an increase in weekly sales to 708.

This week, Reiwa members reported an increase in weekly sales to 708.

The overall 20 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses, 3 per cent for units and 73 per cent for land.

Total properties listed for sale recorded a marginal decrease of one per cent to 15,230 this week from 15,328 last week. Listings for houses have fallen 1 per cent, while units and land listings have not changed in percentage terms.

The total number of listings recorded this week is 1 per cent lower compared with four weeks ago but is 9 per cent higher than the same time last year.

Turning to the rental market, Reiwa members reported total properties available for rent increased by 2 per cent over the week to 10,085.

This is 5 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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