03/02/2017 - 13:21

This week's property round-up

03/02/2017 - 13:21

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OPINION: Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 567.

Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 567.

The overall 8 per cent fall in weekly sales is attributed to a 17 per cent decrease in sales for houses and a 2 per cent decrease in unit sales despite a 20 per cent increase for vacant land sales.

Total properties listed for sale decreased by 2 per cent over the week to 14,314. Listings for all houses, units, and vacant land fell by 2, 2 and 4 per cent respectively.

The total number of listings recorded this week is 3 per cent higher than four weeks ago, however is 2 per cent lower compared with the same time last year.

Turning to the rental market, Reiwa members reported total properties available for rent declined by 2 per cent to 10,476. This is 1 per cent lower than four weeks ago but 9 per cent higher than the same time last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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