The numbers are in and the Ray White Group achieved an all-time record in March, reaching $3.2 billion in sales.
Of that figure, Ray White NSW achieved its second $1 billion month in less than six months. Ray White Victoria set a new record of $451 million, reflecting a dramatically improved Melbourne market.
Ray White Group chairman, Brian White, said the result is testament to confidence in the marketplace.
“It signifies how broad based the confidence in property has been. This is another example where the strength of Sydney has influenced. Even with an excellent Melbourne market, the impact of Sydney is still huge.
“The impact of investors is another of the key features of the month,” Mr White said.
Stephen Nell, the company’s NSW CEO, says the strength in Sydney, the regions and even rural markets is not all market driven.
“Our 230 offices across NSW have collectively sold over one billion dollars in real estate for the second time since November 2013. I believe this result is not completely market driven, but driven through the skills of our agencies” Ray White NSW CEO Stephen Nell said.
“We’re seeing our offices develop into mature businesses and I’m extremely proud of the results they have achieved,” he concluded.