Friday, February 6, 2015

This time last year...

According to REIWA, there are 12,818 properties listed for sale in WA at the moment. That is a massive 48% more properties for sale than the same time last year when there were only 8,638 properties listed for sale.

The current average rent is $440 per week and the vacancy rate is 4.2%. One year ago this week, 943 properties were sold compared to 781 for the past week, 21% less than this time last year. It takes an average of 57 days to sell and the average discount is 5.3%.

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