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Latest News:

Latest News

What happened to the markets in July?

Winter is supposed to be when markets slumber. Right? Not in 2014. For the first time Ray White’s group sales exceeded $3billion in a winter month. In fact, the markets are continuing to resemble Spring/Summer conditions in a remarkable display of consistency. And the consistency is across all individual markets. The pick? Well, one can’t …

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Banks drop rates despite RBA rate hold

During its August meeting the Reserve Bank of Australia (RBA) announced it would leave interest rates at 2.50 per cent for a twelfth straight month and continue the longest and lowest period of rate stability in decades. Loan Market director Mark De Martino said that despite a full year of rate inactivity from the RBA, …

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Investor hot spots

Purchasing an investment property is a popular way for Australians to build wealth and equity. Whether you buy new, off the plan or an existing dwelling, purchasing in the right area can make a big difference to your rental returns. We asked Ray White CEOs for their hot tips on the up-and-coming areas to focus …

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Are SMSFs all they’re cracked up to be?

Self-managed superannuation funds (SMSF) seem to be the flavour of the month. But do they live up to the hype? And is it the right vehicle into retirement for your client? We asked Jason Powell, CEO of Wealth Market, the pros and cons of opening a SMSF. Why would you consider a SMSF? There’s enough …

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Top five mistakes to avoid when renovating

I’d been waiting for the right time. Months and months of relentless researching and then finally I got in. I purchased an apartment in the location and price range I was looking for. I’ve always had a romance with the idea of renovating but before you start blaming ‘The Block’ it wasn’t due to a …

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Mark McLeod’s Market Update

As always, buyer sentiment continues to be heavily influenced by the combination of local area market conditions and the overall macroeconomic environment. In last week’s media, budget fallout continued to dominate the news, with a significant backlash against the Government clearly evident. Reuters reported consumer sentiment fell to its lowest level in two years across …

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Double digit home loan growth to start 2014

Figures released by the Australian Bureau of Statistics (ABS) today revealed that home loan approvals grew 11 percent in the first quarter of 2014 compared to 2013. Loan Market director Mark De Martino said record low interest rates and strong real estate sales were the catalyst for the highest Q1 growth since 2002. “The first …

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Ray White joins forces with the Waratahs

Ray White is an official partner of the Super Rugby team the NSW Waratahs this season. With the start of the new Super Rugby season, the Ray White logo will appear on the new-look light blue jersey for the first time. “As we finalise our preparations for the exciting season ahead, this is a massive …

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Home Loans Approvals Soaring in 2014

Posted by Paul Smith Data released today by the Australian Bureau of Statistics (ABS) has shown 2014 home loan approvals are off to their strongest start in five years. Loan Market director Mark De Martino said that 13 per cent more home loans were approved in the first two months of 2014 than compared to 2013. …

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