Ray White Property in Moorabbin

A new Ray White office has opened in Moorabbin (VIC) in a prime location on the corner of Station Street and Central Avenue. And while it’s a new brand of real estate operating from the suburb, the proprietors, Tim and Kieran Lynch have been selling real estate in Moorabbin and Melbourne’s South Eastern suburbs for many years. "We felt that Ray White identified strongly with the local area and that the company’s diverse service offerings complemented the needs of people that live in the South East or aspire to own and occupy, rent, invest or develop here," says Kieran Lynch. The family values ... read more...

Jill Bialkowski Property in Lindfield

EXPERIENCED property principal Jill Bialkowski has joined Australasia's largest real estate group, Ray White, to establish a Ray White office at Lindfield. Ms Bialkowski said she moved her business to Ray White because of the strength of the brand and to be part of an established, family-owned company. "We just felt we needed to be with a bigger brand," she said. "There was no Ray White branch in Lindfield so this was a tremendous opportunity to join the group. We also have good Ray White franchises around us." Ms Bialkowski grew up in Lindfield and has been in the real estate industry for 15 ... read more...

Consumers Stay Confident

If the Reserve Bank of Australia (RBA) is intent on further turning the screw on interest rates, it would appear homeowners have so far withstood the mortgage rate pain. Consumers have shown remarkable resilience to the five interest rate increases since October last year, a positive for retail spending which makes up a large proportion of economic growth. The latest Westpac-Melbourne Institue consumer sentiment index for April, which took into account last week's 25 basis point rate rise, fell just 1 per cent. The index rose 0.2 per cent after the March rate increase. "This is a surprisingly strong result," Westpac Chief ... read more...

How Rising Interest Rates Will Affect The Rental Market

RENTS: Rising interest rates will result in tenants nationwide collectively paying an extra $2 billion in rent over the coming year, according to Australasia's largest real estate group, Ray White. Property Management director Ben White said the RBA's strategy to increase official interest rates would flow on to the rental market. He said every force in the marketplace would drive rents higher. Source: Weekend Gold Coast Bulletin read more...

Rate Rises To Push Rents Up $2 Billion

Rising interest rates will result in tenants nationwide collectively paying an extra $2 billion in rent over the next year, according to Australasia’s largest real estate and property group, Ray White. Ray White’s Director of Property Management, Ben White, said the Reserve Bank of Australia’s monetary strategy to increase official interest rates will flow on to the rental market. “Every force in the market place will be driving rents higher,” Mr White said. “The mortgages of rental property owners are becoming more expensive so it’s inevitable that this will result in rents going up. “Property managers can expect to be conducting a lot ... read more...

Brisbane Rental Property

IT IS a renter's market. A survey of rental properties in Brisbane advertised on realestate.com.au shows hundreds of homes, townhouses, apartments, bedsits and rooms vacant. The rental listings cover arange of budgets from just over$100 a week for a room in share accommodation to mansions for more than $1000 a week. It has given prospective tenants the edge when looking for a rental property. One two-bedroom unit a street away from New Farm Park took 31/, months to rent - and was let only after the owner  dropped the rent by $50 a week and threw in a week's free ... read more...

Property Management Sydney Awards

NSW held the Annual Awards on Thursday night at the Australian Jockey Club in Sydney and what a night it was! The night kicked off with the Property Management Awards and some words from Ben White who reminded the room of over 800 people that Ray White Property Management was leading the way in our industry and that how excited we are at how far we have come and that still, we can achieve much more in the future. It really is an exciting time for Property Management. Congratulations to all our Winners and to those whose nominations did not make ... read more...

Brisbane Rental Vacancy Rates Up

Brisbane landlords are finding it harder to get tenants as the increased first home owners grant and lower interest rates drive more tenants into buying their own property. Real estate agents in the Brisbane area report properties are lying vacant for longer periods than they were 12 months ago as a result of growing unemployment, low interest rates and the impact of the increased First Home Owner Grant. Ray White's director of property management Ben White said the recession had an impact on the demand for new tenancies and in many markets rental prices were being reduced. "One of the results of ... read more...

Residential Vacancy Rates

Ray White reports that vacancy rates across most residential markets are starting to rise, after years of strong rent growth and low vacancy rates. Market figures reported by many industry bodies and data aggregators show that vacancy rates remained low through the first few months of this year, but those on the ground report that vacancy rates are now experiencing upward pressure. The trend is seen across most markets in Australia, with the exception of inner-city markets, and those with unique characteristics such as being next to a university. It signals an important development in the residential investment market. Ben White, CEO of ... read more...

Queensland Rental Property Values

Rental values shot up in 2008 with inner city area and mining resources experiencing the highest rises in rental values, an RP Data report has revealed. Over the course of the year, the average Australian house and unit weekly rent rose by $41 and $35 respectively with certain areas recording much more substantial increases. The top three positions were dominated by mining and resources regions in Western Australia and Queensland with Belyando in Queensland, Port Hedland in Western Australia and Broadsound in Queensland registering the strongest rental growth for houses in 2008. Among the capitals, Darwin recorded the strongest rental growth with ... read more...