The relative lack of stock in August didn’t deter purchasers. Many of them seeking to purchase before they felt they would be under competitive pressure in the coming Spring campaigns.
August numbers turned out to be pretty impressive. Nicely up on last year (eight per cent) even with the traditional lack of stock that seems to always occur as part of the pre-election mode.
In Australia the feature has been the strength of the capital city markets, for example Ray White in Sydney where results were up 22 per cent on last year.
Our Loan Market settlements were $501,253,067 for Australia leading us into anther strong month.
Click Here to read the latest edition of The White Paper, Brian White’s review of the market and Ray White Group activity in August.
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