Sell with Confidence
Read More

What Happened To The Markets In October ?

By Georgina Shanahan

First how good is it to be back in an environment where property has reemerged as being positive.  Staying outside the property game market is injurious to your financial health! It’s seven years since the last time we could say that.

We’re seeing record auction clearance rates.  Property prices are increasing in most markets, particularly the big cities.  The highest percentage of property is now being taken to auction. Confidence to upgrade one’s home is being backed by enthusiasm of a cycle a-go.

At Ray White, we didn’t get to $3billion in October as we’d hoped but we just missed.  Sydney, as it always seems to do early in a recovery, has led the way.  The appeal of Sydney for Asian purchasers is supporting this.  Melbourne and Queensland were also strong.

Loan Market set a new submissions record with $871million in loans lodged in Australia alone; further proof that the market is moving in our direction.

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

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