Economic Updates

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.

Sydney's growth must be spilling north because Newcastle is quickly becoming one of Australia's most promising cities.

In the five years ending 2021, this burgeoning economy is expected to nearly double it's growth rate from 2.4 per cent to 4.6 per cent.