Ray White Group has posted its best month in two years, new data shows.
Chairman Brian White said the Group booked $2.6 billion in unconditional sales during May.
“The languid property markets of Queensland and Western Australia led the gains in Australia,” he said in his latest White Paper.
“Yet our Sydney Harbour businesses had one of their best results for months in May resulting in Double Bay becoming our top performer for the group. Our Lane Cove and Lower North Shore offices came second and third.
“This is the first time ever our top three offices all came from this one market.”
Mr White added that the Group’s New Zealand operations, particularly in Auckland, “remains sensational”.
Moreover, Mr White said its mortgage broker arm Loan Market almost set a new record at $620 million in approved housing loans during May – “a further endorsement that buyers interest is on the turn from hold to active”.
He added that with housing markets showing signs of improvement, there was now a focus on new office openings.
“As might be expected, new office activity in Auckland is strong,” he said. “Sydney, also, has a number of new commitments – particularly in the inner city markets, that support growing confidence.”