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Market Monitor Fast Facts | Jul. – Sept. ’16

By Chloe Thompson

The third quarter of 2016 was one of the most successful in the current market cycle, with the highest clearance and success rates of the year thus far.

Locally, the property market has moved quickly with the arrival of the “Spring Selling Season”. With some of the best property now coming to the market and buyer inspections peaking, we expect another strong quarter of sales growth to finish off 2016.

Did you know?
With an 82% success rate across the 98 auctions conducted for the July – September quarter, buyers are comfortable to buy at auction? This supports our view that current market conditions are strong for sellers.

Did you know?
With an average time on market of 54 days, buyers are currently very active in securing new property?

Did you know?
We conducted 4,159 buyer inspections in the July – September quarter?

Did you know?
Our Property Management division is currently at 99% occupancy, showing tenants are willing to sign longer leases in the current market?

Did you know?
Ray White has over four times the number of properties advertised than our closest five competitors?

The Market Monitor is our most comprehensive property market document, and a wonderful tool for anyone considering their next Real Estate move.

If you would like a copyof your own, pop into our office or along to one of our many homes open for your inspection throughout the week and on weekends, or if you’re lucky, you might find one lying around in one of our favourite hideaways, such as the Chopping Block cafe.

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