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What Happened To The Markets In July?

By Georgina Shanahan

Our June number achieved a figure of $2.3 billion.  One always hopes that figures will keep climbing!

In Australia the extraordinary political events on the national stage were certain to have some negative impact.

On top of that, the seemingly constant warnings that Australia was set to be severely weakened by poorer terms of  trade with China, has taken the edge off the Australian confidence – a confidence that had supported a fabulous market right from the beginning of 2013.

Our Loan Market settlements were $500,524,000 our best result since January 2012!  The Loan Market numbers were boosted by refinance enquiry from borrowers looking to take advantage of historically low fixed rates.

Confidence that interest rates will remain – either at current levels or lower – is providing huge numbers at “open for inspections” across all our markets.

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

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