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  • Perth Market Snapshot for the week ending 8 September

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    Perth Market Snapshot for the week ending 8 September - reiwa.comreiwa.com data shows that the total number of sales for the week ending 8 September fell to 615, which is a decrease of nine per cent on the previous week.

    This is mainly attributed to a significant 15 per cent decline in total unit sales, followed by a decline in houses and land sales by eight per cent and five per cent respectively.

    The total number of properties listed for sale in Perth has increased from 13,970 to 14,310 over the last week, and remains four per cent higher than the total number of properties listed for sale four weeks ago.

    The average number of sales for the year to 8 September 2015 is 661, which is below the average annual sales figure of 713 recorded during the 2014 calendar year.

    In Perth’s rental market, reiwa.com data shows that the number of properties for rent increased yet again to 8,278, however this number is two per cent lower than the figure recorded four weeks ago.

    The composition of houses and units for rent has not changed significantly from last week, increasing by one per cent and two per cent respectively.

    The median rent for the three months to August 2015 is $420 for houses, $395 for units and $410 for the overall market.

    Take a look at the breakdown of the past week:

    Perth Market Snapshot for the week ending 8 September - reiwa.com

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