Projects Newsletter – November 2013

The property market continues to prove robust with auction clearance rates at all time highs and off the plan project sales strengthening both locally and offshore. A stunning example of this offshore interest was proven by the recent success of Andrew Salvo from the Melbourne office of Ray White Projects. Andrew and his team sold just under 20% of the released product in a Melbourne based residential project over two weekends. The first weekend was in Singapore and the second weekend in Hong Kong. The interest from the Asian region in Australian property continues to gain pace.rnrnLocally upon reviewing the Ray White data it is apparent that a comparison between the September Quarter 2012 versus the September 2013 Quarter has shown an across the board increase in activity of 17% with NSW leading the way. History has shown that often it is the NSW market which moves first with a lag to the following states. rnrnAt Ray White we are conscious more than ever that projects are never completed until the last product is sold. We are able to provide this sales confidence through our success of working closely with the local surrounding markets and then matching the appropriate marketing communication messages to the wider market to ensure complete coverage. rn rnWe wish you all the best for the month of November and whether you are looking to purchase a property or launch a property we look forward to working with you.