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This month in Ray White Now, Prices are now firmly on the move everywhere in Australia, having increased by 3.5 per cent since the start of the year.

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.

This month in Ray White Now, after rising by 1.8 per cent since the start of the year, Australian house price growth took a breather, declining slightly by 0.2 per cent.

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.

Capital city auction activity jumped higher today, with the Ray White Group clearing 72 per cent of its 347 auctions across the country.

From luxury yachts, perfect for European summer sailing to a contemporary winter retreat near Mt Buller and a premium Hendra home with luxury finishes, these are our top listing picks for the week. 

The long weekend in most states may have impacted auction volume, but with 5.7 registered bidders per Ray White auction today, buyers weren’t missing any opportunities.

Mark Jennings and Tim Doyle have once again expanded their award-winning group of Ray White offices in the Nepean region, opening Ray White Emu Plains to service the community west of the river at the foot of the Blue Mountains.