Sub - $2 million asset class activity has slowed, in line with interest rate movements
During the COVID-19 period, we saw an influx of new buyers enter the commercial market arena. Low interest rates, rising residential prices and uncertainties in the stock market made commercial property an interesting prospect for diversifying investors.
As the market recovers, this is where homes are selling quicker
There are fewer properties coming to market but the ones that are have been taking longer to sell. Days on market hit an historical low in June last year, hitting an average of 22 days.
This month in Ray White Now, after rising by 1.8 per cent since the start of the year, Australian house price growth took a breather, declining slightly by 0.2 per cent.
Gold Coast auction event nets $21 million in sales
An auction event featuring 38 lots from across five Gold Coast offices recorded a 71 per cent clearance rate with more than $21 million worth of properties selling.
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