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Listing numbers fall again as older listings are sitting slightly longer on the market - Ray White Research
So what is putting downward pressure on listings? Inflation and interest rate uncertainty, but new vendors are also contending with a log jam of old listings. For over a year, listings have sat slightly longer on the market, allowing more to sit on listings sites for longer says William Clark, Ray White Data Analyst.
South Australia market update - REISA
The South Australian property market has continued to show its resilience and strength over the 2023 March quarter by posting a new record median price yet again.
McGrath targets Brisbane for growth with a focus on attracting new real estate talent
McGrath Estate Agents continues to add to its sales teams across its company owned Brisbane operations (Paddington, New Farm, Bulimba and Wilston) as it strategically focuses on growing its footprint in one of Australia’s most important real estate markets.
Toronto agency returns to First National Real Estate after 3 years as independent
Altitude Real Estate Toronto, a leading real estate agency on the shores of Lake Macquarie, has announced it is rebranding as First National Real Estate Toronto, under the leadership of principal David Westerman. David Westerman cites the value, technology and expertise sharing offered by First National as the main reason for his return.
Auckland North Shore agents team up to “paint the town yellow”
Renowned Auckland North Shore real estate agent Kris Cunningham has joined Shane Coote at Ray White Mairangi Bay to further strengthen Ray White’s presence in the area. Ray White New Zealand CEO Daniel Coulson welcomed Kris to the Ray White family.
John McGrath – Suburbs leading the rebound
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, the rebound in property markets across Australia is continuing.
Price growth takes a breather, but not everywhere - Ray White
According to Ray White Chief Economist Nerida Conisbee, May's interest rate decision is almost certainly a hold and the next change in rates will be a decline. If however we see an increase, this would likely put a further dampener on price growth.
CoreLogic Home Value Index: Further evidence Australia’s housing downturn is over says CoreLogic
After falling -9.1% between May 2022 and February 2023, Australian housing values look to have bottomed out, posting a second consecutive monthly rise. CoreLogic’s national Home Value Index (HVI) increased by half a percent in April, following a 0.6% lift in March to be 1.0% higher over the past three months. CoreLogic’s Research Director, Tim Lawless, it is becoming increasingly clear the housing market has moved through an inflection point.
New PropTrack report: Home prices continue to stablise in April
National home prices continued to stabilise in April after rising for the fourth consecutive month, according to the PropTrack Home Price Index.
Featured Property
Manly oceanfront for sale with views over Cabbage Tree Bay - The Agency
118A Bower Street Manly for sale by Jake Rowe and Kingsley Yates of The Agency perched high above The Manly Riviera has sweeping 180° open sea panoramas.
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