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.
Local agents Will Munro and Sam Borner have teamed up with Peter Ludbrook and Jarrod Cloke to create a powerhouse business at Ray White Ballarat. The merger of the two strong local real estate agencies solidified a powerful alliance in the local real estate market. This strategic move represents a … Read more
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply. With supply … Read more