Buyer confidence improving
Despite recording a fall a sales activity, Ray White says buyers remain positive about the property market.
Last month, the real estate group recorded $2.3 billion in sales – 16 per cent down on the sales volumes achieved this time last year.
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But despite the disappointing result, Ray White chairman Brian White said volumes were still strong.
“At $2.3billion it was 16 per cent below the same time last year. But, when allowing for the downward adjustment in value levels in many of our markets, it revealed healthy continuing transaction volumes,” he said.
"This supports our predictions that buyers were becoming more active with a continuing confidence in the underlying strength of both Australian and New Zealand economies."
"Stock levels are good with many vendors having confidence that they can buy and sell in similar market conditions."
Expectations for the winter months have been enhanced by an interest rate reduction in New Zealand and stable rates in Australia, Mr White said.
