South Yunderup saw a sharp rise in sales activity in September, supported by strong annual price growth and steady leasing performance across houses, units, and land.
Sales
There were 16 residential sales recorded during the month, up 77.8 percent from August and 77.8 percent higher than the same time last year. The overall median dwelling price rose to $744,000, marking a 13.7 percent increase over the past 12 months.
Listings
There were 14 properties listed for sale at the end of September, unchanged from August but 26.3 percent lower than the same time last year. While sales activity has lifted, stock remains limited.
Land
Land sales remained steady with 2 transactions recorded at a median price of $265,000. Only 2 blocks were listed for sale at the end of the month, down 71.4 percent compared to last year. Land sold in a median of 14 days.
Sales Time on Market
Overall, homes sold in a median of 14 days. Houses moved quickest at just 4 days, while units took longer at 58 days. Land also performed well with a 14 day median.
Rentals
Rental activity held steady with 12 leases signed during the month. The median rent across all dwellings was $592 per week, while houses averaged $595 and units came in lower at $370 per week.
Rental Time on Market
There were 15 rental listings available at the end of September, matching August levels. Properties leased in a median of 23 days, with houses taking 24 days and units leasing faster at 9 days.
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