News

What happened to the Markets in January 2012?

By Jessica Ridder

Market Review

Ray White Blackheath got off to a good start for 2012 selling 2 out of 4 properties ‘Under the Hammer’ at their first Auction on the 26th February. The campaign went well with good numbers through the open homes and offers on all 4 properties on Auction day. Private treaty properties have also benefited from the increased buyer numbers in February.
Nationally, a Sydney Morning Herald article said the Greek deal has helped push the Australian share market higher and gives the Reserve Bank even less reason to cut rates when it meets in early March.

The latest finalised auction data from property researcher APM showed healthy clearance rates, Sydney’s clearance rate was 58%, while Melbourne sat on 62%. Brisbane fell slightly to 30% and Adelaide was also down at 21%.

Up to Date

Latest News

  • What are you waiting for?

    The resilience of the Australian housing market has never been more evident than over the past three months. Most Australians would be surprised at the level of activity and prices achieved, even though it has operated under restrictive operating conditions. The ‘mini’ budget handed down earlier in the week by … Read more

    Read Full Post

  • Webinar – should I sell now or wait?

    We would like to invite you to our upcoming webinar on Thursday 18 June at 6pm (AEST). Should I sell now or wait? Real-time data to help you make your best decision. Register here Ray White has been selling Australian property for over 100 years and in that time we’ve … Read more

    Read Full Post