Last week’s results built on the momentum of the past few months. It was another week of consistent and very strong buyer activity.
Ray White Sold 997 properties last week, a 75 per cent increase on the week prior.
We sense a growing degree of confidence arising from the easing of restrictions and our customers are becoming more aware of the evidence of strong sales results.
Despite all of the above, we again saw a reduction in the number of new properties coming onto the market last week. All of this supports our recommendation that now is an opportunistic time to place your property on the market.
Please click on the link below for some further insight into the current real estate market.
Have a great long weekend and Stay Safe!
Click the link below to view the full article:
Inflation eased in June. Fuel prices drove most of the improvement. Strip them out and the picture the Reserve Bank is watching – underlying inflation, housing costs, the labour market – has not moved. The Reserve Bank has left the cash rate unchanged, choosing to wait for further evidence on whether the interest rate increases … […]
The housing downturn is now broadening across cities and price points. How far prices can fall from here depends on a variable that most of the conversation has not caught up with: the cost of building a replacement home. Australia’s housing downturn is now underway. Higher interest rates have reduced borrowing capacity, lifted mortgage repayments … […]