Real estate group records solid sales activity
One real estate group has managed to dodge the winter chill, recording two per cent growth in sales throughout June 2010.
Ray White recorded $2.4 billion in sales throughout the month, fighting off concerns about a downturn in buyer interest.
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“This was an 11 per cent decline on the previous month but it was two per cent ahead of the same time last year when the boosted first home owner's grant was in full flight,” Ray White joint chairman Brian White said.
Mr White said the group’s recent pacesetter, Victoria, maintained strong sales levels with its June result 45 per cent up on the same time last year.
“This is despite reduced open for inspection numbers and bidding at auctions being more subdued,” he said.
Mr White said New South Wales produced a solid result with a nine per cent increase in June.
“But already, a reduction in the appeal of high end properties was discernable as the month went on,” he said.
“Some other markets are proving tough. North Queensland has been damaged by a decline in tourism and even markets such as Mackay were impacted by the controversy over the proposed Resource Super Profits Tax.
“But Mackay offices are reporting a lift in confidence since the resolution of the dispute between the federal government and the mining industry.”
