Sell with Confidence
Read More
News

What Happened To The Markets In March?

By Georgina Shanahan

Last month we asked was a bell ringing indicating that the bottom of the market had been reached in Australia.  It also defined how important March is in the real estate year – being the end of the always important Summer selling season.

In reality, Australia’s results were mixed. Terrific strength in New South Wales which has now joined Western Australia in being an exciting place to sell real estate.  We can’t say the same about the other Australian markets – not that they were disappointing – they just didn’t leap out at us, as did our frontrunning states.

Of course when we talk about New South Wales we really mean Sydney.  And it was jumping.  The arrival of “SIVs” (Significant Investment Visas) permitted a broader enquiry from possible Asian purchasers.

So the Ray White Group result of $2.5b was still a strong result. We wanted more. That will come.

Loan market was up 10 percent in applications on February but down approximately 5 per cent on March 2012.

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

Up to Date

Latest News

  • Ballarat Rental Vacancy Rate Drops To 12 Month Low

    The residential rental vacancy rate in Ballarat has dropped again in October to a 12 month low of 1.2%, down from 1.4% in September according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in October was $360 per week and the … Read more

    Read Full Post

  • Ray White Now November 2021

    This month we take a look at what you should consider if you’re looking to sell. Price growth continues to accelerate but we’re starting to see days on market increase, a sign that there’s a growing gap between buyer and seller expectations. In addition, the first set of finance restrictions … Read more

    Read Full Post