News

STRONG buyer demand propelled the national clearance rate to the highest it has been in 18 months.

Strong buyer demand propelled the national clearance rate to the highest it has been in 18 months.

Australian house and unit prices have again jumped up in June, according to the latest house price data report from Neoval.

April is always a quieter month in real estate and this year was no different. Juggling school holidays, Easter and Anzac Day long weekends meant we only saw 20 working days in Australia.

The Reserve Bank of Australia (RBA) this month announced the cash rate moved up 0.25 basis points to 3.85 per cent.

During the COVID-19 period, we saw an influx of new buyers enter the commercial market arena. Low interest rates, rising residential prices and uncertainties in the stock market made commercial property an interesting prospect for diversifying investors.

There are fewer properties coming to market but the ones that are have been taking longer to sell. Days on market hit an historical low in June last year, hitting an average of 22 days.

An auction event featuring 38 lots from across five Gold Coast offices recorded a 71 per cent clearance rate with more than $21 million worth of properties selling.

Leading real estate performance coach Tom Van has brought his expertise to the Ray White Group’s number one office as their head of performance.

Leading real estate performance coach Tom Van has brought his expertise to the Ray White Group’s number one office as their head of performance.

There was plenty of auction action during the last weekend before the new financial year.

There was plenty of auction action during the last weekend before the new financial year.