What happened to the Markets in July?
(29th August 2012)
Almost the end of Winter! The promise of Spring is now so close but it would be churlish to complain about the Winter of 2012. To just miss $2.4b in our Group figures in July reflects a broad spread of high quality business not only in the disbursement of our geographic spread but also in the category of business that we now engage.
No surprise – the pace of New Zealand is impressive. Auckland continued to amaze. Of great interest is the recovery of Christchurch. A year ago there was talk “where will be the new key centre for the south island. Surely a new location will be needed.” But when you visit Christchurch today you are struck with the depth of commitment and belief of the Cantabrians. Redevelopment is in the air. The population is virtually back to what it was two years ago. The power of the human spirit!
Good sales in our rural business as well as strong growth in livestock sales. There’s some excellent commercial sales to report too.
It came as a shock to hear that 30 per cent of one of Australia’s major banks residential lending is to Asian buyers; now a central force in the recovery in the Australian market. Read more at raywhite.com
If you follow Lake Macquarie real estate, you know Trinity Point is always one of the biggest talking points in our region. Ever since the vision for Morisset Park was first unveiled, local homeowners have watched this site transform into a world-class destination. Between the award-winning marina and the massive ongoing popularity of 8 at … […]
Nerida Conisbee, Chief Economist, Ray White Group The Federal Budget has confirmed a major shift in housing tax policy, with negative gearing to be limited to new builds and CGT changes designed to reduce the tax advantage of investing in property. The intent is clear: reduce investor competition for existing homes and redirect capital into … […]