“Our residential Australian sales in June were up six per cent on last year, at $2.4BN. NSW alone was up 15 per cent. Together with our New Zealand, commercial and rural networks, our June sales were up eight per cent at $3.7BN.”“Re-imposed restrictions in Melbourne didn’t dampen activity either. Results were consistent with recent weeks, as our members and the community are now very comfortable with online auctions, and confident they can produce great results.”
Ray White NSW Chief Auctioneer Alex Pattaro said campaigns across the last week had seen seven out of 10 properties sell.
“Based on all the evidence, the competition across properties is red hot and the market continues to grow in confidence,” Mr Pattaro said.
“Good properties in desirable locations within a 15km radius from Sydney are all seeing strong attendance at open homes and competition at auction.
“We’re currently in a market where buyers need to see competition, for sellers to obtain a maximum price, and auction is the only method of sale that allows this to occur in an open and transparent forum.
“If you are considering selling and wanting maximum price, then auction must be your preferred method of sale.”