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What Happened To The Markets In September?

By Georgina Shanahan

It’s what we have been waiting for all year.  A real estate month without a looming election!!!

Combined with warm spring weather across most of our markets we saw rarely seen clearance rates at auction.  Reminiscent to the last time we saw such success in the mid 2000s!

Perhaps the major property news circulating across the specialist real estate media is a focus on the continuing appeal of Australian and New Zealand assets to Asian – primarily Chinese – buyers.  This was reinforced during last month’s major Beijing property exhibition where Ray White had the largest exposure in the international component.

Ray White’s figures at $2.4 billion in unconditional sales were nicely up on last year. All Australian states and New Zealand were consistent – the only softness being the confidence hit that resource regions in Australia are now experiencing.

Whilst our Loan Market settlements were just slightly up on last year, nearly $500million, loan submissions were a whopping 50 per cent over September last year at $763million.  Perhaps the best reflection on the strength of 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 September.

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