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  • Wanneroo local area market update

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    Wanneroo local area market update - reiwa.comreiwa.com’s latest analysis of the Wanneroo local market area, which comprises 55 suburbs*, is based on the four week period to 8 February 2016.

    During this time, reported sales lifted 90 per cent to 437 sales, as the market continued to recover from the seasonal dip typically experienced in December and January.

    Sales activity and property for sale

    Despite this sharp increase in sales volumes, overall sales were eight per cent lower than volumes seen at the same time last year.

    The total sales figure for the four week period of 437 can be broken down into 375 house sales, 19 unit sales and 43 land sales.

    Top selling suburbs

    Butler 20
    Duncraig 20
    Heathridge 17
    Ocean Reef 17
    Joondalup 16
    *For the four weeks to 8 February 2016

    The total number of properties listed for sale in the Wanneroo local area increased two per cent to 2,397 in the four weeks to 8 February, which is 14 per cent higher than at the same time last year.

    The average time to sell a property in the Wanneroo local area for the three months to January 2016 was 61 days - six days less than the overall Perth metro average of 67 days.

    Rental market

    The total number of properties leased for rent during this four week period lifted 68 per cent to 863. This figure is 13 per cent higher than the same time last year.

    Local rental listings in the area decreased by one per cent to 1,410 in the four weeks to 8 February, however listings in the area remain 64 per cent above the levels experienced last year.

    The overall median rent in the Wanneroo local area is $395 per week for the three months to January, which is a drop of $45 per week on the same time in 2015.

    Top leased suburbs

    Butler 85
    Joondalup 69
    Clarkson 58
    Alkimos 35
    *For the four weeks to 8 February 2016

    For more information about your local area, visit our in-depth suburb profiles.

    *reiwa.com's Wanneroo local area real estate analysis is based on the suburbs in the Wanneroo Weekender newspaper distribution area.