JANUARY EDITION
05 recorded almost $ 4 billion in sales , up 50 per cent with a new record month in Victoria as the market roared back to life after its extended lockdown . This is an incredible feat and one that every single Ray White member across Australasia can be proud of . Over the 12 months to December 2020 , we sold $ 53.8 billion worth of property , an increase of $ 10 billion or 23 per cent on the prior calendar year .
We have said it before and we ’ ll say it again , there is no other industry we ’ d rather be in . The property market ’ s resilience - which surprised every pundit - underpinned much of these results as the housing market once again proved its importance as a crucial asset class in the economy . The greatest surprise , if any , is that we have never seen such coordinated levels of activity across Australia and New Zealand .
We know our members outperformed the industry in 2020 given our sales dominance and geographic spread . We operate in a self-regulated market with enormous government and banking support so we were never as pessimistic unlike most economists who were analysing our industry from the outside looking in . Our listing numbers rose over 2020 ( up eight per cent ) but were actually dead flat when compared to 2018 and yet our stock was met by a larger number of committed buyers than ever before . Given the expected surge in new listings has not yet hit the market , now remains a great time to list early in 2021 while there remains less stock in the market and hence less competition for sellers .
Our auction data - which has long been seen as a leading indicator - shows our best month was December , a time when many other agencies were winding down for the holidays . Our members achieved an incredible 70.8 per cent auction day clearance rate in December . We have 549 auctions booked in January , with The Event on the Gold Coast alone showcasing 130 properties for sale on 24 January .
Sentiment has now well and truly shifted in the media - especially on the back of the news by research house CoreLogic that Australian home values finished the year three per cent higher with regional housing values rising by 6.9 per cent , a rate of capital gain that was more than three times higher than the combined capitals , where home values were up two per cent over the year .
Ray White Now is produced monthly in conjunction with real-time data from our 734 offices across Australia . We are the only agency group with local area experts right across the country and we welcome your enquiry to assist with your real estate needs in 2021 .
Sales Live listings Online inquiries
2,918 2,324 36,367
+ 28.4 % -4.7 % + 32 %
Source : Ray White Data . 28 days to January 10 2021 .