This week's property round-up

Reiwa members reported an increase in weekly sales to 614 this week. The overall 2 per cent increase in sales over the week is attributed to a 23 per cent increase in sales for units and 26 per cent increase in sales for land.

However, sales for houses decreased over the week by 6 per cent. Properties listed for sale decreased by 1 per cent over the week to 14,792. Listings for houses, units and vacant land all increased by 1, 2 and 2 per cent, respectively, over the week.

The total number of listings recorded this week is 4 per cent higher in comparison to four weeks ago but remains 9 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 10,518. This also represents a 3 per cent decrease compared with four weeks ago but still remains 20 per cent higher than the same time last year.