08/07/2016 - 13:35

This week's property round-up

08/07/2016 - 13:35

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Reiwa members reported an unchanged value in sales this week to remain at 640.

Reiwa members reported an unchanged value in sales this week to remain at 640.

Sales for houses increased by a marginal 1 per cent, with unit sales up 19 per cent. However, sales for vacant land decreased by 21 per cent over the week.

Total properties listed for sale recorded a decrease of 3 per cent to 14,187 this week.

Listings for houses and vacant land both fell 3 per cent, while unit listings have decreased further, by 4 per cent.

The total number of listings recorded this week is 4 per cent lower than four weeks ago but is 2 per cent higher compared with 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 11,217. This is 6 per cent higher than levels seen four weeks ago and 33 per cent higher than the same time last year

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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