Tradition has determined that December will be a “slow month”. Annual budgets generally provide for discounted figures in December. There is an increasing awareness that, in terms of number of operational business days, December generally trades at the same sales rate as any other time of the year. By the end of December 2013, we had a sales result that would rival any month of cycle! The Ray White result for December just missed $3 billion by a whisker actually $2.96 billion, astonished us all.
Loan Market posted a record month with $596 million in settlements nationally. Our strongest states, exceeding budget, were NSW with a record $164 million in settlements followed by SA/NT with $57 million and QLD with $128 million.
Click Here to read the latest edition of The White Paper, Brian White’s review of the market and Ray White Group activity in December.
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