Ray White Ascot

It’s hard to make predictions at the best of times, let alone when we’re coping with an extra-ordinary global health crisis. Many clients are keen to knowwhat is going to happen in our property market. We can’t tell the future, but we do have some facts. Median property values are higher than they were 12months ago in all our capital cities other than Perth. In September, the average number of registered bidders soared to an all- time high of 6.9 for RayWhite auctions across Australia. Not only this, the amount of buyers heading to raywhite.com and RayWhite office websites to check out what’s on offer is up an astonishing 44% on this time last year. Overall the number of properties listed for sale is down 14% over the year. This is a key reason that property prices have, in general, held up. Well located, quality properties are selling quickly, or for premium prices, thanks to a queue of buyers waiting for them. Long-term decisions like selling or buying a home or an investment property shouldn’t be based on the most recent news bulletin. Human nature dictates many of us might prefer to sit on the sidelines until things become more clear but for those who have a secure job, current financing conditions make borrowing to buy or upgrade an opportunity that can’t be ignored. If you’re thinking about making a move, keep calm and give us a call. We’d be delighted to arrange a no obligation, contact conscious appraisal of your home at a time to suit you. Dwight Ferguson Principal, RayWhite Ascot What’s happening in our market?