Prices are now firmly on the move everywhere in Australia, having increased by 3.5 per cent since the start of the year. At current rates of growth, house prices will be back to their 2022 peaks within the next two months. Ray White’s trading numbers have been steadily increasing since the market downturn began last year. In May, we recorded $7.2 billion in revenue, the highest level this financial year and only marginally down from May 2022. While this in part has been because of increasing market share, it has also been driven by improving market conditions.
We hope you enjoy this month’s Ray White Now and we look forward to providing you with more property market information in 2023.
Source: Ray White
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