Ray White Maitland

2021 has kicked off strongly, with Australia’s housing market nowwell entrenched in one of the strongest growth phases on record. At the moment, despite our expectation of a lift in new listing numbers inMarch and April, buyer demand is still outpacing new stock additions. All our buyer metrics, such as loan pre-approvals, open for inspection numbers, registered auction bidders are all up, even online traffic to our website is up 65%. All these metrics are surging into the stratosphere on the back of ultra low interest rates and the improving economy. Confidence is also returning with the ongoing rollout of vaccines. The central bank said recently that “the path ahead is likely to remain bumpy and uneven, but there are better prospects for a sustained recovery than there were a few months ago”. What we do know is that market fundamentals right now are helping our clients who are looking to sell. Additionally, our data tells us that our sellers who choose to sell via the auction method are rewarded with a 12% higher price under the hammer than if they’d accepted a prior offer. The RayWhite group cleared 82% of all auction stock last month, with record numbers of registered bidders. There’s a deep buyer pool for sellers to take advantage of. Our question remains, “What are you waiting for?”. We’d love to speak with you today! Mark Roffey Principal, RayWhiteMaitland What’s happening in our market?