The 1st of September marks 6 years at the steering wheel at Ray White New Farm. We have grown from a 4 person operation to a team of 36. We can proudly state a market share growth from 2% to nearly 30%, we have actively involved ourselves in fund raising in the community and I believe we stand for a business of integrity in the real estate fraternity. A huge ‘thank you’ for all your support over the last 6 years and I look forward to many many more years!
Over the last couple of weeks I have done some investigating into the American market and I will now have a peak into the European market. The U.S. property sales are down however numbers are still high in the prestige market (apartment sales $5 million+). As a result of the corrections to property prices there seems to be buyers in the major cities at the reduced price levels. The more affordable principal places ($600k+), in cities like New York (Manhattan), are seeing reasonable interest and that competition is helping hold prices.
At home we have again seen a solid month from first home buyers, however we have also started to see some good movement in our waterfront sales $3million and above. The investment management team has increased significantly and tenants are back in the market in a big way!
A quick plug for our annual ‘Property and Wine Expo’ in October, I’ll send an email later this month.