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Ray White Brisbane 100, celebrates 100 years since Ray White moved from Crows Nest to Brisbane and revolutionised the real estate market.
It also marks eight years until Brisbane hosts the 2032 Olympics.
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100 years of Brisbane real estate: where it began
Since 1924, Ray White has been at the forefront of real estate in the heart of Brisbane, after moving from Crows Nest to his first city business on Brisbane’s Queen Street. With a need for a bigger challenge, Ray relocated both his family and business to Brisbane to further test and push the potential of the family business, and expand into a market which would quickly become home.
Location was key and the first Brisbane office was opened in the Colonial Mutual building; a building that was requisitioned by General Douglas Macarthur as his headquarters during World War II. As with many businesses, the difficult years of the Great Depression and World War II had a major impact and presented Ray with both personal and business upheaval, with three of his children having signed up for military service.
However, post war there was an opportunity to rebuild and grow. Ray’s first advertisement was published in the Brisbane Daily Mail, alongside his announcement that he was “open for business”. The first listings advertised included a “just listed country jewellers’ business” and “an old - established store in a prosperous district” which started the revitalisation of the group and was a key step in establishing Ray White in Brisbane real estate for what has now been 100 years.
Ray White Brisbane 100 is proudly celebrating 100 years of selling Brisbane real estate.
On 18 November, our our high profile Auction Experience event will bring together our Queensland network to present a multitude of properties to auction in one location.
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Brisbane on the brink of a Golden Decade
It’s anticipated that Brisbane will be transformed into ‘world city’ status over the next eight years through the benefits that go hand in hand with being an Olympic host city. With the return of the Olympics to Australia, the city will see extensive capital works and a city-changing infrastructure investment that will not only get Brisbane games-ready, but will have a huge impact on the real estate market.
Queensland is already seeing a strong population growth and a high-performing residential market due to relative affordability and lifestyle, so how will the 2023 Olympics further benefit Brisbane?
Ray White Chief Economist Nerida Conisbee said Brisbane was entering a “golden decade” of property prosperity and the Olympics will be a huge drawcard. While strong growth is expected to continue, the added benefit is that work and development associated with the games will catalyse rapid increases to home values during the lead-up to the Olympics. This will have long lasting advantages to the Brisbane property market as it increases connectivity, livability and transforms the landscape of the city.
Queensland Marketing Update with Ray White Group Chief Economist, Nerida Conisbee
Nerida is the Ray White Group's chief economist and one of Australia’s leading property experts. She provides market commentary to a wide range of Australian media outlets across digital, print, television and radio. In her role as Chief Economist, Nerida provides objective, robust and quality analysis of the property market and economy in Australia and globally. She represents Ray White to inform and influence key stakeholder groups across the residential and commercial sectors, in addition to advising major Australian Government bodies. Nerida works closely with industry partners to provide strategic vision and policy recommendations for the future of property in Australia. Nerida was the most quoted property market commentator in the last 12 months, according to a report by monitoring and insights company, Streem.