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. 7