In this months Ray White Now, we take a look at what you should consider if you’re looking to sell. Price growth continues to accelerate but we’re starting to see days on market increase, a sign that there’s a growing gap between buyer and seller expectations. In addition, the first set of finance restrictions came into effect at the start of November – at present, they are light touch but may be ramped up at the start of 2022.
In our state by state analysis, we hone into luxury markets around Australia. Luxury homes did far better during the pandemic than they otherwise would, driven by cheap finance, high savings rates and of course, some business types that did far better because of the pandemic. Every decade, the median of our most expensive suburbs have increased by $1 million however over the past decade, they have catapulted $2 million ahead.
Every time there’s price acceleration, commentary around house price bubbles ramps up. This month we take a look at when Australia has experienced house price bubbles, and what has driven them. More importantly, we discuss whether we’re currently in a house price bubble.
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Watch a summary below:
Because everyone deserves to smile at Christmas! We’re partnering again with St Vincent de Paul to bring some Christmas cheer to those local families in need. Over the past two years we’ve donated 22 hampers, 30+ gifts and $4,200 in gift cards! This festive season we’re doing all again! Ray … Read more
Choosing an experienced property manager is essential for protecting and maximising one of your most significant financial asset—your investment property. A skilled property manager ensures your property is well-maintained, tenants are reliable, and your returns are optimised, keeps in communication with you to give you peace of mind and long-term … Read more