Bumper December signals investors' return

Bumper December signals investors' return

by 0 comments

The close of 2012 saw a positive shift in the investment market, one major group has noted.


“December [saw] a strengthening investment market.” Brian White, chairman of Ray White Group said in his latest White Paper report.


“It appears that the long predicted move of people coming back into investment property, as the difference between property yields and interest rates continues to widen, is starting to gather momentum.


However he noted home loan approvals were down.


“Home loan approvals for the month of December were four per cent down on last year but the results for the year to date reflect 11 per cent growth for our loan market,” he said.


He encouraged positivity for 2013 in his monthly newsletter, declaring strong results in December for Ray White.


“Ray White’s figures in December were right up with the results from the previous three to four months of $2.4 billion,” he said.


Mr White also rejected recent figures, which showed that average house prices in Australia have fallen in 2012.


“It’s so dangerous talking averages,” he cautioned. 
“We believe the Australian market has significantly firmed for the mid range. By significant, we mean something around five per cent. It’s just that the numbers of sales of expensive properties did not increase. Thus, in our view its impact on averages becomes misleading.”


He said the group would add five new offices in the next few weeks, and that the Gold Coast market in particular was improving.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
Learning from the best led Michael Clarke to success

In this episode of Secrets of the Top 100 Agents, number four-ranked agent, Michael Clarke, returns to the studio to explain why he’s less...

View all podcasts

How difficult is it to maintain a good work/ life balance?

Very – if I’m having balance my competitors are working
Not – I schedule the time into my calendar in advance
A little – It’s scheduled, but something always crops up
Work/ life balance – what’s that?
Do you have an industry update?