As the largest real estate business in Australasia, Ray White is the largest barometer of sales activity.
It seems like everyone is talking about:
-how young people can’t get into the market
-competition to rent and buy a property
-how long interest rates will remain at record lows
-supply and demand and low number of properties listed for sale
Ray White numbers in the month of February 2021 are truly remarkable:
Sales (Australia wide): $6.1 billion
Number of properties sold during Feb 2021: 4,819
Number of properties listed for sale in Feb 2021: 5,977
(On average, property prices in Feb 2021 increased by 2.1% nationwide)
