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What Happened To The Markets In April?

By Georgina Shanahan

Ray White’s sales for April was far from tawdry coming in at 18 per cent over last year with a total figure of $2.44 billion.

Interest rates in Australia are again under debate.  Amazingly, talk about softening the Australian economy is back in vogue.  The reduction in the overall housing stock on the market is, to us, a sign of confidence by sellers that prices are likely to improve.  Might this prove to be a resilient winter market?

Supporting this were our strong Loan Market numbers for April (submissions up 20 per cent on the previous year) reflecting this underlying confidence.

Click Here to read the latest edition of The White Paper, Brian White’s review of the market and Ray White Group activity in April.

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