Economic updates

MAY 2019 will likely go down in history as a pivotal moment in our immediate history.

LOOKING back on April, it was a tough month and we are actually glad it’s now behind us given all the public holidays, school holidays and the Federal election campaign getting underway.  

MARCH is always such an important month for us and brings with it expectations of larger volumes which tend to set the tone for the year ahead.

Looking back on February, our group sold almost $3 billion worth of property across Australia and New Zealand, which was 13 per cent lower than the same time last year.

THIS year we have kicked off 2019 with $2.245B in unconditional sales in January, which was about 8% less that we achieved in the prior year.

Our Group rounded out the  2018 year with $3.24B in unconditional sales in the month of December across Australasia, which was 15 per cent lower than 2017 but on par with 2016.

WE approached November with a mix of anticipation and trepidation and we certainly saw a lot of marquee listings, big sales and excellent auction events. 

HERE I am in Melbourne - the auction capital of Australia - but I must say it’s times like this that we are grateful for the size and overall geographic spread of our business as we navigate the new landscape.

Hello from Hobart where we are joined by nearly 150 Elite members at our annual Elite conference - celebrating their success and  sharing ideas and learnings to ensure the value they provide clients continues to develop.

AUSTRALASIA’S housing market correction continued through August and our group recorded $3.49 billion in unconditional sales, which was 13 per cent lower than August 2017.

In the middle of winter, the Ray White Group sold $3.3B across Australasia in July 2018.

Our June results continued the trend of recent months, with overall sales of $3.66 billion across Australasia , representing  an underlying decrease of 11% compared to June 2017.