The Ray White’s group’s results of $3.3 billion took the group to equal its all time record and most significantly, by far its best May ever. The key strength in May came through in NSW where we are now consistently achieving $1 billion per month in sales, this has never happened before.
What was remarkable in the Group’s results was the strength in the commercial sector with roughly $400 million worth of sales achieved through their specialist activities.
Ten new offices – mostly in Melbourne and Sydney – opened in May. No doubt confidence in recent property markets has encouraged many young practitioners to create their own business.
Click Here to read the latest edition of The White Paper, Brian White’s review of the market and Ray White Group activity in May.
The residential rental vacancy rate in Ballarat has dropped again in October to a 12 month low of 1.2%, down from 1.4% in September according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in October was $360 per week and the … Read more
This month we take a look at what you should consider if you’re looking to sell. Price growth continues to accelerate but we’re starting to see days on market increase, a sign that there’s a growing gap between buyer and seller expectations. In addition, the first set of finance restrictions … Read more