22/09/2016 - 14:48

This week's property round-up

22/09/2016 - 14:48

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Reiwa members reported an increase in weekly sales to 554 this week.

This week's property round-up

Reiwa members reported an increase in weekly sales to 554 this week.

The overall 2 per cent increase in sales over the week is attributed to a 5 per cent increase in sales for houses and 7 per cent for vacant land. However, sales for units decreased by 10 per cent over the week.

Total properties listed for sale increased by a marginal 1 per cent to 14,316. Listings for houses and vacant land both increased by 1 per cent, while unit listings remained unchanged in percentage terms.

The total number of listings recorded this week is 2 per cent higher in comparison to four weeks ago but 5 per cent lower than the same time last year.

Turning to the rental market, Reiwa members reported total properties available for rent decreased by 1 per cent over the week to 10,795.

This is 3 per cent lower compared with four weeks ago but remains 31 per cent higher than the same time last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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