Buyers remain out in force
With a long weekend in most states, the volume of auctions remained relatively low today but strong buyer numbers pushed prices up and the Ray White Group cleared 64 per cent of its auction stock.
With a long weekend in most states, the volume of auctions remained relatively low today but strong buyer numbers pushed prices up and the Ray White Group cleared 64 per cent of its auction stock.
Ray White offices from across the Gold Coast came together yesterday for the second Gold Coast Auction Experience of 2024, selling 60 per cent of the 68 lots that went under the hammer.
An exciting new chapter for Ray White Nundah has commenced, as Benson Spong takes over the reins from long-time owners Anthony and Andrea Clark, bringing a fresh wave of energy and ambition to the local real estate scene.
Sophie Bridges - Ray White Cranbourne, VIC
Amit Kumar, the leader in Schofields real estate and a much loved member of the community has proudly announced his partnership with Australasia's largest real estate group.
(L-R) Scott Rowe, Samuel Paton, Lauren Druce
erida Conisbee Ray White Group Chief Economist Cheaper properties saw the strongest price growth over the past 12 months with houses in the lowest percentile increasing by 12.2 per cent. In comparison, our most expensive homes have seen a price slowdown, perhaps now reflecting the prolonged impact of higher interest … Read more
While footy fans around the country flew their flags today, so too did the Ray White agents, flying their yellow flags with 345 properties going under the hammer nationally for the group.
Among the red, white, blue and maroon, an abundance of yellow will adorn the MCG on Saturday afternoon.
Australia hasn’t yet joined much of the rest of the world in cutting rates but pressure is building. Monthly inflation came in at 3.5 per cent in August, now just above the Reserve Bank of Australia’s upper limit of three per cent.
Brian White, chairman of leading Australasian real estate group Ray White said he is absolutely overjoyed to reflect on the remarkable success of our top performers who were recognised for their hard work through the group's international awards.
Nerida Conisbee Ray White Group Chief Economist With inflation now edging towards three per cent and markets are now pricing in potentially four rate cuts next year, it is possible that we will see a rate cut before the end of the year. With Australian house prices remaining highly divergent between … Read more
Nerida Conisbee Ray White Group Chief Economist The perennial debate between choosing a house or an apartment continues to challenge home buyers, each option presenting its own set of trade-offs. Houses typically offer more space and privacy, but often at the cost of a less central location. Apartments, while generally … Read more
Nerida Conisbee Ray White Group Chief Economist Housing squeeze. Despite widespread belief Baby Boomers are primarily responsible for Australia’s housing market woes, the reality is far more complex. Many young Australians point to this generation’s property wealth as a key factor driving up house prices and reducing affordability. However, a … Read more
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