This week's property round-up

Reiwa members reported an increase in weekly sales to 590 this week.

The overall 1 per cent increase in sales over the week is attributed to a 4 per cent increase in sales for houses.

However, sales for units and vacant land decreased by 7 and 6 per cent respectively over the week. Total properties listed for sale decreased by 2 per cent over the week to 14,072.

Listings for houses and units have both decreased by 3 per cent. However, listings for land have noted a marginal increase of 1 per cent over the week.

The total number of listings recorded this week is 1 per cent lower compared to four weeks ago but remains 4 per cent higher compared to the same time last year.

Turning to the rental market, Reiwa members reported total properties available for rent decreased by a marginal 1 per cent over the week to 11,372.

However, this is 2 per cent higher than levels seen four weeks ago and 36 per cent higher than the same time last year.