PHOTO: Ray White Group
LOOKING back on April, it was a tough month and we are actually glad it’s now behind us given all the public holidays, school holidays and the federal election campaign getting underway.
But despite all interruptions, our members still recorded $3.2B in unconditional sales, which is about 14 per cent down on last year. Queensland was thankfully only off marginally, just two per cent on last year which is helping cushion the larger declines in other states. So what’s happening in Queensland? Our CEO Tony Warland said from far north Queensland to the border, there was a definite sign of a stronger real estate economy. He said everyone in Townsville had a very positive belief of recovery after the floods, and life is returning to normality there. We are so proud of the work of our members in Townsville and the resilience. The Central Coast is steady and enjoying the prospects of improvement, while the Sunshine Coast is actually going gangbusters with our Kawana office recording three PBs in a row. The whole Sunshine Coast has the lifestyle that the market is looking for while the Gold Coast is enjoying a strong economy in real estate transactions compared to the rest of the country. In Brisbane, many of our vendors are putting up high quality properties for high quality returns. So while there’s a lot of stock in many other markets, there’s no reports of stock in abundance in Brisbane but days on market are still being tested.
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