Ray White achieve new record in October

The Ray White Group achieved $3.5billion worth of sales across Australia and New Zealand in October.

Group chairman Brian White said the results reflect “the best property market in memory”.

“For Ray White, $3.5billion for the month is an all-time record.

“Never before have we had so many offices achieve $40million in sales. Great strength in the eastern states of Australia with remarkable resilience in New Zealand, resulting in the best property market in memory.

“It’s not far off two years since the Australian market really began its surge. New Zealand celebrates its third buoyant year next March.

“Record volumes of auctions reflect the confidence of vendors that now is the ideal time to test the market,” Mr White said.

Ray White NSW achieved $1.1billion in sales and the Ray White commercial division was up 90 per cent on the same time last year.

“We saw commercial markets producing fabulous results in all sectors. The power of the property market in Sydney stood out more than ever this month,” Mr White said.

The best performing Ray White offices in October included Glen Waverley (Vic), Double Bay (NSW), Remuera and Auckland Central Commercial (NZ) as well as New Farm, Surfers Paradise and Ascot (Qld).