Ray White Now | Updated weekly Ray White Now | 26 May | Page 4

Market
resilience
The resilience of the Australian housing market has never
been more evident than over the past two months. Most
Australians would be surprised at the level of activity and
prices achieved, even though the market has operated
under restrictive operating conditions and amidst
extremely negative media commentary.
Despite a level of anxiety in the broader community,
in the month of April 2020, we sold 3,012 properties
totalling $2.27 billion in sales across Australia. This
is a remarkable number. Considering that much of
the economy and community was in lockdown, it is
remarkable to note that the total value of sales in the
month was only 8.8 per cent less than in the same month
in 2019.
When we look at those transactions that successfully
settled in April, the value totalled $3.16 billion which was
10.7 per cent higher than the same month in 2019.
As Australasia’s largest real estate group, selling one in
every nine homes across Australia, we are uniquely placed
to provide our clients with the most relevant and timely
information and data to assess current market activity
and outlook. And as a family owned and led business with
119 years of experience including operating through two
world wars, the Great Depression and recessions, we
know that we can deliver you the highest quality solutions
in the current market.
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