Mid-winter auction surge
The Ray White Group saw an uplift in auction volume nationally today as the leading group passed the chilliest part of the year.
The Ray White Group saw an uplift in auction volume nationally today as the leading group passed the chilliest part of the year.
After a whirlwind couple of years growing in our city centres, Leading Ladies of Real Estate held its first regional event in Townsville on Thursday night.
The titans of the real estate industry in Australia all agree the Queensland capital is a place of real growth and positivity compared to the rest of the country.
A staggering $75.250 million worth of property changed hands today in six hours at Ray White Queensland’s huge Brisbane 100 in-room auction event at the Howard Smith Wharves, which shows the unstoppable strength of the local property market.
Despite the winter chill being felt across the country, auctions remained hot, with the Ray White Group scheduling 406 properties to go under the hammer today.
Using technology and data to benchmark for success
Ray White, the leading auction house in Australia, booked 30,400 auctions in 2023/24, a huge increase of 21 per cent on the prior year.
Ray White NSW | ACT state auctioneer Perry Edmondson-Clark has taken up the newly created role Head of Auctions for the network.
Ray White NSW | ACT chief auctioneer Alex Pattaro has taken on a new challenge, stepping into the role of Head of Performance for the state.
Australasia’s leading real estate group, Ray White has continued its international expansion with the opening of Ray White Vanuatu through real estate professional Sam Lewis (pictured above with his team).
Nerida Conisbee Ray White Group Chief Economist There have been a lot of people, events and policies blamed for Australia’s low levels of housing affordability. Ranging from negative gearing, high interest rates, investors, developers, migrants, students, planners, government and the list goes on. And while the reasons are complex, there … Read more
Nerida Conisbee Ray White Group Chief Economist Perth, Adelaide and Brisbane continued their runaway growth in May with all cities now recording year-on-year growth of in excess of 14 per cent. Perth continued its strong run with prices up over 24 per cent over the past year for houses and … Read more
Nerida Conisbee Chief Economist The main housing related announcement was a new $11.3 billion “Homes for Australia” plan. This includes $9.3 billion over five years to combat homelessness, provide crisis support and build and repair social housing, $1 billion to build infrastructure such as roads, sewers and community infrastructure and … Read more
Construction problems started during the pandemic. Blocked supply chains and high levels of global demand meant that the price of materials increased. The slow down in materials coming into the country impacted productivity with projects taking longer to finish as a result. At the same time, a labour shortage became … Read more
It has been a tough four years for renters. Since the start of the pandemic, rents have risen on average $200 per week across Australia. Perth has topped the list, with an increase of $280 per week. Hobart has seen the lowest at $100 per week. Interestingly, the comparative strength … Read more
Gallup’s World Happiness report for 2024 was recently released. Australia is one of the happiest countries in the world, ranking 10th globally. Overwhelmingly, the happiest countries tend to be small, with populations under 15 million people. Only the Netherlands and Australia could be considered large countries in terms of population … Read more
The latest population projections from the Australian Bureau of Statistics (ABS) have just been released. While getting long term projections correct is notoriously difficult, the reality is that in the next 48 years we are very likely to have a much bigger Australia. The ABS estimates that there will be … Read more
Standard investment advice is to always buy a house instead of an apartment if you can afford to do so. The primary reason being that house price growth always exceeds unit price growth over the long term. While this is often the case, it doesn’t always hold true. For example, … Read more
It has been a strong start to 2024 for Australian housing markets with house prices up already 2.2 per cent. If this rate of growth continues, it is possible that Australian house prices will increase more than 10 per cent this year. Fundamentally, there are many reasons why the outlook … Read more
Nerida Conisbee Ray White Group Chief Economist There was no rate cut last week but with markets now pricing in two cuts this year, it seems to be enough to drive demand for property. Property inspections are high, listing authorities are showing that more people are coming to market and … Read more