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ISCOVER
Staff Reporter
Property sales in regional Australia are helping keep the real estate market strong, new data has found.
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According to Ray White real estate, the group’s property sales last month were better than anticipated, thanks to an abundance of regional sales.
Mr White said for the first time in a year the group’s sales in Melbourne and Sydney were relatively subdued.
“Nevertheless, the underlying results showed just how healthy the real estate business is in Australia,” he said.
“It has become customary to describe the Australian provincial areas as lacklustre but areas such as Rockhampton and Toowoomba in Queensland, the Central Coast of New South Wales, the northern communities of Western Australia and a number of others including the Northern Territory are performing nicely.”
Mr White said it was encouraging that the market had picked up since the August 21 election.
“Even though the election result was deeply uncertain, it was as if the community had decided that politics and electioneering were now completed and let’s get started again with property,” he said.
“We see no reason not to be positive with what we can expect between now and Christmas.”
