MARCH EDITION
05 by taking properties all the way through to auction day rather than selling before auction . In a month in which 43 per cent of all our sales we made via the auction method , our data shows that our clients achieved prices 12 per cent more on average under the hammer than by accepting the highest offer prior . What an incredible statistic !
So 2021 has kicked off strongly as all our buyer metrics , such as loan pre-approvals , open for inspection numbers , registered auction bidders are all up , even online traffic to our websites is up 65 per cent . 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 ”.
The March edition of Ray White Now is written using the real-time insights of our 734 Australian offices . Our Now publications have been viewed more than 500,000 times since last May and our real-time data insights are even more valuable in 2021 . We don ’ t claim to know what the future holds , only what is happening now .
On top of incredible results for February which included $ 2.46 billion in lodgements , the Loan Market Group has just welcomed three broker aggregation businesses Choice Aggregation Services , FAST and PLAN Australia to its growing network . The acquisition of the three networks from NAB makes Loan Market now the largest privatelyowned aggregator in Australia , with more than 5,000 mortgage brokers . The insights from Loan Market have never been more crucial in cementing our confidence in the underlying strength and direction of our real estate markets .
FEBRUARY 2021 AT A GLANCE
Sales Live listings Online enquiries
5,595 5,848 5.27M + 35 % + 7 % + 65 %
Source : Ray White data . Feb 1 - 28 , 2021