Ray White Managing Director Dan White said the central bank’s pre-emptive and forward-looking approach in setting interest rates could be hailed as best-in-class when it comes to monetary policy.
“Across our group, we have had to work with a lot of vulnerable customers and this rate cut will help our customers who have been struggling in this economy and particularly during COVID. This rate cut will help all our customers across all markets in Australia.
The real estate market is performing at such a high level, and this rate cut comes on the back of the group’s biggest month of sales ever in its 118-year history.
“For a lot of our customers – tenants and vendors – this rate cut will help a lot. We just hope that the banks pass it on.
“This rate cut has been widely expected and comes of course as no surprise. The RBA knows the property market is one of the central pillars in the Australian economy and housing is an essential need.
Despite the lockdown in Victoria and the state election in Queensland, the Ray White Group saw a 30 per cent year on year jump in sales in October to $5.7 billion.
Source: https://www.raywhite.com
This is our best February result recorded, driven largely by a record result in New South Wales and very strong performances across all markets. In Australia alone, we recorded $3.35 billion in total sales, up 42 per cent on the prior February. Real full article: Ray White Now – March Edition
The year 2021 has kicked off with continuing gusto – record-breaking buyer metrics, such as loan pre-approvals, open for inspection numbers, registered auction bidders, online enquiries and so on. These metrics continue to give us confidence the current extraordinary momentum will endure well into 2021, especially as our central bank … Read more