Economic updates

First, Ray White has been recognised in EY’s Top 50 Global Family Business Index for 2016.

We saw so much discussion around the future ownership and leadership structures of other agency groups - speculation on potential takeovers, mergers and alliances dominated industry media - all seeking to challenge our market leading position

The sale to a local purchaser of four harbourside properties in Vaucluse by three different owners was indeed a remarkable event.

At $3.7billion, it’s hard not to be satisfied! Slightly higher than March 2015. The lack of stock in NSW hampered their results even though offices such as Double Bay produced its best ever result of $128million.

February is always an absorbing month.

January is never a ‘look forward’ month for those of us in real estate chasing new records!

There is one constant feature that occurs at the end of each calendar year - forecasters predicting what’s going to happen in the following year!!

Some significant changes to the way in which real estate in Sydney is bought and sold are being introduced at the start of the new year, as the industry aims to clamp down on unscrupulous operators.

Property market confidence has been on something of a rollercoaster ride over the past few months, and as 2015 draws to a close, this trend shows no sign of abating.

Capital city property markets have seen some unusual trends emerging over the past few weeks, as prices have started to fall in some of the most sought-after locations.

Many parts of the Australian property market have been suffering from undersupply for some time now, but experts believe they might have come up with a solution.

November is one of the truly exciting months of the year for all of us in real estate.