Right now there’s a rush among buyers to secure a home before the end of the year which bolstered the property market last weekend. A shorter than normal hiatus is expected over Christmas this year. This year’s selling season will be extended with new listings continually being added to the market and auctions being booked right up to Christmas eve. Buyers say the cash rate cut is helping to boost confidence as they know their repayments will remain low for the foreseeable future. Demand has been strongest from first-time buyers and upgraders, many of whom are spending money on a house they might otherwise have used on overseas holidays, which have been stopped because of COVID-19.
Read more: Ray White Now Vol. 26 – Digital
It was fantastic to be involved in the Mayor’s Party in the Park at Cruden Farm, yesterday. The team at Ray White Langwarrin enjoyed being involved as the day’s major sponsor and we were grateful to be able to engage with so many local families. It was a fun day, … Read more
Welcome to Ray White Now – March 2024. Each month, we take a deep dive into our data, with a focus on: House price movements Listing activity Auction insights Market turnover We hope that this analysis will give you and your customers a holistic view of the market in order to spur effective conversations around … Read more