South Yunderup recorded a strong uplift in rental and sales volumes during November, supported by solid price growth over the year. Listings remained tight across all property types, keeping time on market low.
SALES
There were 17 residential sales recorded during the month, up 6.3% from October and 30.8% higher than the same time last year. The median dwelling price held firm at $750,000, up 1.5% over three months and 10.3% year on year.
LISTINGS
There were 15 properties listed for sale at the end of November, down 34.8% from October and 16.7% lower than a year ago. Despite a slight quarterly rise, total stock remains limited, particularly for units where no sales were recorded this month.
LAND
One land sale was recorded for the month with a median price of $279,000, unchanged from October. This reflects 11.2% growth over three months and 26.2% year on year. Land sold in a median of 15 days.
SALES TIME ON MARKET
Homes sold in a median of 15 days, down from 22 days last month. Houses sold quickest at just 4 days, while no unit sales were recorded. Land also sold quickly with a 15-day median.
RENTALS
There were 18 residential leases signed during November, an 80% increase from October and up 28.6% year on year. The median rent across all dwellings was $592 per week, down slightly by 1.3% for the month but still 11.8% higher than last year. Houses rented for $597 per week, while units sat at $420.
RENTALS TIME ON MARKET
There were 16 rental listings at the end of the month, down 38.5% from October but double the number recorded last year. Properties leased in a median of 26 days, four days longer than October, with houses taking 27 days and units 11 days
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