Ray White Victoria | Tasmania chief auctioneer Matthew Condon said the beautiful Melbourne weather was perfect for auctions last week, bringing crowds and bidders out in force. “Preliminary data from the Ray White Group revealed yet another increase in the average number of registered bidders. It is clear that there’s still more demand for property than supply. Competition at auctions started strong today that increased even further once properties were announced on the market and selling. Despite recent talk of a cooling market, Ray White Victoria continues to see consistent and exceptional results, week after week, with the demand for quality properties still outstripping supply. Market conditions remained conducive towards sellers, achieving a premium price.”
The happy purchasers of 4 Tavistock Road, Frankston South which sold for $1,080,000 on May 16 2021.
“Outstanding result. You could not do any better than to have Ashley and his team sell your home. Their commitment to achieve the best possible result was outstanding. They genuinely worked in my best interests. Well done Ash and Jess. Thank you.” – Daniel Appleby, vendor.
By Nerida Conisbee · Chief Economist For most of the past year, cheaper homes were outperforming expensive ones across every capital city. The Budget landed in May. By September, the relationship between the two had completely reversed. For much of the past year, Australia’s more affordable properties have been outperforming the expensive end of the market. That … […]
By Nerida Conisbee · Chief Economist Investor lending for established property fell by 7,080 loans in the June quarter. Lending for new housing rose by 441. The policy is working on one side of the equation. The other side has barely moved. The May Federal Budget was designed to pull investors away from established properties and encourage … […]