This week's property round-up

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.