This weekend marks the beginning of the 2021 auction season and, according to Ray White, their group plans to start the year with a bang.
Low interest rates, government subsidies and the sheer confidence Australians have in property have proven to be the perfect recipe to keep the real estate market functioning at a high rate.
Ray White Managing Director Dan White said while there were still broad risks to the economy, he still firmly believes now is a good time to come to the market given the basic fundamentals were sound.
“Buyer demand has never been so strong and all the indicators point to continued growth,” Mr White said.
“While 2021 is bound to be bumpy, we are well placed to handle any scenario thrown at us.
“There are grounds to believe the global economy can embark on a very robust recovery this year.”
This is never more evident than in the auction market where average registration numbers have continued to grow and open for inspections enquiries are through the roof.
This weekend, the Ray White Group has 252 auctions scheduled across the country marking the beginning of what is expected to be a strong year for the housing market.