Ray White Now | MARCH 2021 - Page 6



Like most property owners , you ’ ll probably have questions about what has and hasn ’ t changed in the way in which properties are being marketed in the current environment . Is now a good time to market my property for sale ? How can we continue to market and sell property in an efficient manner as our communities transition back to normal conditions ? And so on .
As 2020 showed us , the property market across Australia remained resilient and contradicted what many speculators predicted . Despite numerous COVID-19 induced restrictions and lockdowns , our network managed to continue to transact properties for thousands of buyers and sellers in a safe and effective manner . Australian property values grew at their fastest rate in 17 years over February , with every capital city rising due to government stimulus , improving economic conditions and the limited number of homes on the market , new data reveals .
National home values surged 2.1 per cent in February to a median of $ 598,884 – the largest month-onmonth increase since August 2003 ,