The mid-winter auction market continues to fire with strong buyer activity across the country. Despite higher interest rates and high inflation, which is mostly being driven by price rises on non-discretionary goods, auction clearance rates have rebounded. Is stock “piling …
Nerida Conisbee, Ray White Chief Economist Energy prices are on the move and although a crisis of widespread blackouts looks to be averted for now, longer term, having an energy efficient home is going to become increasingly important. Are we …
Where are you most likely to find an energy efficient home? Nerida Conisbee, Ray White Chief Economist Energy prices are on the move and although a crisis of widespread blackouts looks to be averted for now, longer term, having an …
THERE’S no doubt sellers love an auction but there are some surprising benefits for buyers as well. Australia’s largest auction house Ray White calls one in five auctions across the country with a year to date clearance rate of 71 …
Ray White Victoria and Tasmania has appointed the highly regarded Milo Rasinac to the role of Network Development Manager. An accomplished auctioneer, Mr Rasinac is well known in Melbourne, especially in and around Essendon, where he owned a market leading …
Auction volumes across the country rebounded this week after last week’s Queens birthday weekend slump. Australasia’s largest real estate group had 630 auctions scheduled this week, up 22.3 per cent on the same time last year, while the number of …
Nerida Conisbee, Ray White Chief Economist Stamp duty is back on the agenda with the NSW Government announcing this week that it will press forward with its proposed changes to the tax. The changes, which involve a gradual movement from …
Nerida Conisbee, Ray White Chief Economist We now have a new Federal Government and with that comes change in leadership, policies and the way the country is run. The changing of the guard also comes at an interesting time for our …
All data coming out about the construction industry shows ongoing challenges. Construction costs are up nine per cent, the highest rate recorded excluding the year the GST was introduced. Construction industry insolvencies are up 30 per cent over a 12 …
We’ve been around as a company for 120 years. Never in that time has anyone or anything been able to accurately predict the future behaviour of buyers. And thank goodness for that… it has kept us all in a job! …
Saving to buy a first home has never been easy, but with prices reaching new highs around the country, it takes more discipline than ever. But it’s not just the deposit that first-home buyers have to save. Upfront expenses can cost first-home buyers thousands of dollars, and need to be … Read more
ou’ve reached that point where your property needs have changed. Maybe you want more space, different features or a whole new lifestyle. Relocating could be the answer. But how will this impact you financially? And what do you need to consider when relocating within the same area, as opposed to … Read more
Real estate agents in Victoria’s coastal regions say they have never experienced a winter like it, with demand from Melbourne-based home buyers outstripping supply and many auction campaigns being reduced to just three weeks to keep up with the demand. Emil Foller, the director of Jellis Craig Sorrento, says the … Read more
Victoria’s official real estate report card for 2020 has revealed one of the state’s biggest years for property deals on record, with an estimated $120.5bn in sales despite the pandemic. The figure in the Valuer-General’s Guide to Property Values released this week is the third highest ever recorded, and includes … Read more
Now that we’re spending an increased amount of time indoors, many of us may be starting to wonder about the state of the air we breathe in inside the home. I was so interested that I sent the filter in my Dyson Pure Hot and Cool purifying fan heater back to the … Read more
Working from home is here to stay for many of us. The problem lots of people have, though, is that their homes don’t include dedicated office space. But surprisingly, there are lots of small space in your home that can be converted to a workspace if you get creative. As … Read more
Buyer demand on realestate.com.au dipped slightly last week, with multiple states and territories heading into lockdown. The REA Insights Buyer Demand Index declined 1% last week. Demand is now 8.6% lower than its peak in February this year, though remains well above levels seen at the same time 12 months ago. Victoria … Read more
Phillip Lowe, the governor of the Reserve Bank of Australia, gets many letters and emails from retirees complaining they can’t live on the interest from their savings when interest rates are so low. “I read these letters, many of them are very heartfelt and I feel very bad for the … Read more
The Australian property market has soared above its pre-COVID peaks, reaching uncharted territory as record-low interest rates fuel an increase in buyer demand that current volumes of homes for sale can’t satisfy. Melbourne home values are 5.3 per cent higher than their previous pre-COVID peak reached in March 2020, or … Read more
Regional Australia’s popularity has surged in the wake of the pandemic, as more and more city slickers consider moving away from the big smoke. An abundance of space, more affordable housing and a greater connection to nature are often cited as reasons to relocate. But what about the potential drawbacks? … Read more