{"id":29607,"date":"2020-12-14T08:49:50","date_gmt":"2020-12-13T19:49:50","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29607"},"modified":"2020-12-14T08:49:50","modified_gmt":"2020-12-13T19:49:50","slug":"ray-white-group-november-2020-results-watch","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/ray-white-group-november-2020-results-watch\/","title":{"rendered":"Ray White Group – November 2020 Results | WATCH"},"content":{"rendered":"

PHOTO: Dan White – Ray White Group<\/strong><\/p>\n

Ray White Media Release<\/strong><\/p>\n

If anyone had said in April 2020 that we would sell more than $6 billion of property in November\u2026..well no-one would have ever dreamed of such a thing let alone say it!\u00a0 (After all, in April we sold $2.54 billion.)<\/p>\n

Well, we have now beaten our all-time best sales result, set just last month, with $6.68 billion in sales in November. The jaw-dropping result is some 34 per cent higher than the same period last year. The continued momentum shows the undeniable underlying strength in the Australian and New Zealand property markets, which have been building enormous momentum over the past 6 months.<\/p>\n

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The personal best results in New South Wales, Victoria \/ Tasmania, Queensland, South Australia \/ Northern Territory, New Zealand and Rural networks are emblematic of the uniformity of record market activity across Australia and New Zealand. Of the other markets, Western Australia and Commercial, they were well up on 2019 and not far from personal best territory.\u00a0 We have never seen such synchronised levels of activity across Australia and New Zealand.<\/p>\n

That is not to say that some of our sub-markets aren\u2019t facing more challenging conditions.\u00a0 The inner-city apartment markets are generally experiencing rent reductions and weakening investor demand.\u00a0 It is quite remarkable that those inner-city suburbs that have traditionally been the strongest performers, such as Sydney\u2019s CBD fringe and Potts Point,are currently the most challenged.<\/p>\n

Like previous months, our overall listing numbers are very similar to last year, and in fact are down on 2018. So these record results are because a greater percentage of listings are being sold. In short, buyer competition is driving these records. We have been highlighting record levels of buyer activity since May. All our buyer metrics remain stunning \u2013 loan pre-approvals, online enquiries, auction bidders, and so on.<\/p>\n