02/06/2016 - 13:27

This week's property round-up

02/06/2016 - 13:27

Bookmark

Save articles for future reference.

This week, Reiwa members reported an increase in weekly sales to 594.

This week, Reiwa members reported an increase in weekly sales to 594. The overall 3 per cent increase in sales over the week is attributed to a 51 per cent increase in sales for vacant land.

However, house and unit sales were down by 1 per cent and 6 per cent respectively over the week.

Total properties listed for sale recorded a decrease of 2 per cent to 15,007. Listings for houses, units and land have all decreased by 2 per cent. The total number of listings recorded this week remains at similar levels to four weeks ago but is 5 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 10,611. This is 3 per cent higher than levels seen four weeks ago and 39 per cent higher than the same time last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options