Economic Updates

APRIL 2020 will likely go down in the history books as the peak of the COVID-19 pandemic. 

On the back of a record January and with rising median house prices, we awaited our February results with more than usual interest.

We have kicked off the new year, a new decade with a new January personal best sales record.

Everyone at Ray White has $4.87 billion reasons to smile as the network just posted it’s biggest month ever in our 117 year history.

While momentum has been building over the past few months, few would have expected a month as strong as October 2019.

September 2019 was a welcomed return to much healthier activity as the housing market made further progress in its recovery.

There were lots of very positive signs.  Sales volumes up for the second month in a row, all our auction metrics strengthening further, and average days on market great 12 months lows.

We started it with a fair degree of concern, being pounded by headlines predicting we would have a shocker.

At the end of the financial year, while many people take a break and re-gather their energy for the rest of the year, we are very proud of the fact our members sold $40.76 billion in unconditional sales in 2018-19.

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.