20/10/2016 - 13:47

This week's property round-up

20/10/2016 - 13:47

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Reiwa members reported an increase in weekly sales to 626 this week. The overall 14 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses.

This week's property round-up

Reiwa members reported an increase in weekly sales to 626 this week. The overall 14 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses.

Sales for vacant land remained stable over the week while unit sales experienced a marginal decline of 1 per cent. Properties listed for sale increased by 1 per cent over the week to 14,664.

Listings for units and houses increased by 1 and 2 per cent respectively during the week, while vacant land listings decreased 1 per cent. The total number of listings recorded this week is 2 per cent higher in comparison to four weeks ago but 8 per cent lower than the same time last year.

Turning to the rental market, Reiwa members reported total properties available for rent decreased by 2 per cent over the week to 10,748. This is at similar levels compared to four weeks ago but remains 26 per cent higher than the same time last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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