Economic updates

House prices in Australia have increased by 6556 per cent since the 1960s, an average of over 8 per cent a year, according to BIS data.

November is traditionally one of our busiest months, and despite lots of commentators warning of doom and gloom, we welcomed some pretty remarkable results this November.

As Sydney and Melbourne's housing markets slow down, another smaller market has picked up - Canberra and the ACT.

The Ray White Group has just traded its best October ever with $3.9 billion worth of property changing hands across Australia and New Zealand.

The Ray White Group has just capped off a better than expected first quarter with $11.45 billion in sales for the three months to September, which is 7 per cent higher than the same period last year.

Property is at the heart of the Kiwi Changes in the market affect all of us, and that's why talk in the media of a market slowdown has been pricked a lot of ears.

It's hard to go a day without hearing talk of the Australian property market, especially in our biggest cities, Sydney and Melbourne.

The last month of winter has produced a better result than many might have expected.

As is customary, the new financial year has kicked off in a more subdued manner.

It was a fitting ending to a pretty remarkable 2017 financial year.

Any talk of the property market easing appears to be premature as we have just posted our second strongest month ever for the Ray White Group.

After our record-breaking March, and amidst so much commentary ‘talking down’ the market, we keenly awaited our April figures.