Lifelong friends and leading prestige agents Joanne Royston and Dean Stanley have come together to open Ray White Williamstown. Ray White Victoria and Tasmania CEO Stephen Dullens said he’s thrilled to announce that two of the top agents and real estate agency directors in Melbourne’s inner western suburbs have joined the group.

According to Nerida Conisbee, Ray White Chief Economist, it has been a stressful time for the construction industry, and by extension for housing supply and affordability.

Price stability continues across Victoria’s property market, with metropolitan units climbing 3.2 per cent to $630,500 while metropolitan houses recorded a 1.1 per cent drop to $937,500.

Knight Frank has released its 2023 Waterfront Homes report. The research found Sydney waterfront property commanded the highest price premium out of the 8 global cities analysed. Waterfront property in Sydney generates a 118% premium, down only marginally from 121% in 2022.