PHOTO: Ray White Group (Brian & Dan White)
What to make of another month of mixed signals and activity?
There were lots of very positive signs. Sales volumes up for the second month in a row, all our auction metrics strengthening further, and average days on market great 12 months lows. Loan Market also had a record month of lodgements.
We sold $3.68 billion in property, just a bit up on the year before. But the big markets of NSW and ACT and Victoria, we were up 12 per cent. Remember that these were the markets that suffered the most during 2018. Our network in Western Australia booked $111 million worth of unconditional sales in August, which was a 26.2 per cent jump on August 2018.
Many of our members have experienced really tough conditions over the past 12 months. So many moments of truth, as they battled to provide their customers with great results in an uncertain and cautious market. It is so fantastic then for their hard work and resilience to be rewarded with better conditions and outcomes for their teams and their customers.
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