Rental reforms not hitting the root of the crisis
The Queensland state government is rolling out their fifth round of reforms in just four years for property management.
The Queensland state government is rolling out their fifth round of reforms in just four years for property management.
Buyers had more choice today with 421 Ray White auctions across the country, and the leading group recorded 5.1 registered bidders and 3.1 active bidders on average nationally and a 78 per cent preliminary clearance rate.
MORE than 400 buyers and sellers packed into the Mansfield State High School hall last night for a fast-paced auction event where Ray White Mt Gravatt sold more than $14 million of property in and around the highly coveted school catchment.
Jessica Davidson - Ray White Frankston, VIC
Twenty six Ray White offices from across the Gold Coast came together yesterday for a mega auction experience, offering more than 100 properties for sale.
A very familiar face has returned home to Ray White Rural in the central west of New South Wales.
As the country’s auction volume continued to be low in April, buyers are becoming increasingly competitive in pursuit of their property dreams.
Renowned auction agent Ange Hill has made a significant move in her real estate career, joining Ray White Wilston to elevate her sales business to new heights.
Three established real estate professionals have announced their rebrand to Ray White, bringing decades of combined experience to the real estate market in Sydney’s inner western suburbs.
Property was in hot demand across Ray White auctions this weekend, with Australasia’s largest real estate group recording a preliminary clearance rate of 74.4 per cent, up 15.4 per cent on the same time last year.
With the recent advent of AI, certainly into everyday life, it was perhaps only a matter of time before the real estate industry “bought in” too. Ray White literally bought into the technology a couple of years ago with a $3 million investment in proptech software NurtureCloud, which uses “propensity … Read more
The 2024 auction season in Australia is off to an electrifying start, witnessing a remarkable 2775 listings hitting the auction block across the capital cities last week, as reported by CoreLogic. Adding to the momentum, Ray White Burleigh Group (RWBG) orchestrated an intriguing online auction at Currumbin Beach Vikings Surf Life Saving Club in early February, featuring 47 properties with an impressive 75% clearance rate. Departing from the traditional onsite auctions scattered across the Gold Coast, this fully digital RWBG event attracted the participation of roughly 2000 individuals who either tuned in or actively bid throughout the day, benefiting from personalized ‘one-on-one’ attention from their agents. RWBG Principal, Tiger Malan, asserts that online auctions, born out of the COVID-19 pandemic, have proven to be more than a temporary solution, emphasising their lasting impact on the real estate landscape. While acknowledging that not every property may suit online auctions, the RWBG event exemplifies the industry’s shift toward this digital frontier, signaling a promising evolution in the Australian housing market.
Despite holding a consistent position as one of the city’s most expensive suburbs, recent PropTrack data reveals a surprising 22.3% drop in its median value over the past year in Mermaid Beach, settling at $2.525 million. The apparent paradox unfolds as the suburb, uniquely divided 50/50 between units and opulent houses, witnesses a surge in high-rise apartment towers, flooding the market with affordable units. However, a closer inspection unveils that excluding these outliers, particularly rare multimillion-dollar beachfront sales, Mermaid Beach remains ablaze with activity. Properties in the one to six million dollar range boast robust annual growth, exemplified by record-setting sales like 19 Cronulla Avenue, signaling that beneath the surface, Mermaid Beach is still a coveted paradise amidst the perceived market turmoil.