Ray White Now | Updated weekly Ray White Now | 26 May | Page 7

• Banks and lenders remain very supportive of lending
for residential property.
• The low Australian dollar is attracting overseas buyer
interest.
The chart below shows the monthly home loan preapprovals
recorded by the Loan Market Group, which
is our loan brokerage partner and Australia’s largest
independent broker that settles over $830 million in loans
per month. Pre-approvals are indicative loan approvals
obtained by buyers before they buy or in the case of
auctions, a pre-approval enables buyers to bid with
confidence knowing they have the financial capacity to
buy the property.
• Record levels of government stimulus are supporting
buyer sentiment.
Evidence of the strong demand is illustrated in this chart
showing the number of enquiries received through
raywhite.com and other major real estate portals.
Loan preapprovals
This chart compares the
number of loan preapprovals
submitted via Loan Market
brokers over the 17-18,
18-19, and 19-20 financial
years. It shows higher levels of
preapprovals now compared to
12 months ago.
# Loan Pre-approvals / 28 days
600
500
400
300
200
100
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017-18 2018-19 2019-20
Source: Loan Market
Online enquiries
This chart compares the
number of online enquiries
made through Ray White
websites over the 17-18,
18-19, and 19-20 financial
years. It shows that online
enquiries are above levels at
the same time last year.
# Online Enquiries / 28 days
60k
50k
40k
30k
20k
10k
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017-18 2018-19 2019-20
Source: Ray White Online Analytics
Bidding by month
The chart illustrates that the
average number of registered
bidders per auction has been
increasing through 2020 as
at 25 May 2020.
# / 28 days
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
2019 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 Feb Mar Apr May Jun Jul
Avg. Active Bidders per Auction
Avg. Reg. Bidders per Auction
Source: Ray White EARS Auction Reporting System
In summary, less supply and strong demand creates favourable selling conditions. The current conditions enable
us to fulfil our fundamental duty to our customers: to do everything we can to create as much competition for
your property as possible, and deliver a premium result for you.
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