THIS MONTH IN RAY WHITE NOW
This month in Ray White Now , we go global , taking a look at what has been happening to house prices around the world , and why COVID-19 continues to act as an accelerant to house prices ( and a retardant to rents ) and what we can expect from regulators over the remainder of the year .
From global to local , our state by state comparison in this edition is to take a look at what is happening in regional areas . Since the start of the pandemic , we have seen a dramatic shift to regional Australia with four very different shifts taking place . These shifts have led to big increases in prices in many regional towns , from Sunshine Beach on the Sunshine Coast to Merredin in Western Australia ’ s Wheatbelt .
And with Canberra about to be the second Australian capital city after Sydney to hit a $ 1 million median , and an additional nine suburbs hitting this threshold in the past three months alone , we take a look at what $ 1 million can buy you around the world and why Australians are so hesitant when it comes to buying overseas .
And finally , for those of you that own commercial property , or are looking to buy , we take an in-depth look into how to find a tenant , and keep them .
We hope you enjoy this month ’ s Ray White Now .
Nerida Conisbee Chief Economist Ray White
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