A hot spring selling season forecast as property market roars back to life
Real estate leader says strong sales last month point to a busy season ahead
2 min
Ray White boss Dan White is forecasting a bumper spring selling season for Australia’s property market, after the real estate company wrote a staggering $6.9 billion in sales last month.
August’s stellar result was 14 percent higher than the same month last year and only four percent down on 2021 when record home price growth was seen.
“Our August sales results officially certified the renewed and broad-based resurgence in the residential market that we have been seeing since late May,” Mr White said.
May was when Ray White saw a small “but identifiable” lift in new listings coming to market, particularly in the eastern states, he said.
“This was very unusual as new listings normally drop in the winter months. Interest rates were still rising, and given that the expectation was for an increasingly depressed market, was this a blip? But the trend became firmer in June, and stronger again in July.”
Ray White Group listed 10,500 homes in August, up 12 percent on last year and more than 20 percent higher than 2021.
And Mr White revealed the company’s pre-listing data shows a “strong” flow of more listings in the next few weeks.
“Buyers, including potential sellers that intend to repurchase, now have a lot more property to choose from. The market is very well-stocked for spring.”
Despite an increase in supply, buyer demand remains elevated across much of the country, meaning prices are likely to continue rising in the months ahead.
CoreLogic’s latest Home Value Index, released this week, shows home prices nationally inched upwards by 0.8 percent in August – the sixth consecutive month of growth.
Since bottoming out in February, prices at a national level are 4.9 per cent higher, adding $34,000 to the median value of a dwelling.
Sydney has led the recovery trend, with a gain of 8.8% since values found a floor in the Harbour City in January, while Brisbane has also seen values up 6.2% since bottoming out in February.
Ray White’s Lower North Shore Group posted $216 million in sales in August while Ray White Quakers Hill sold 135 homes.
Mr White is expecting the coming months – traditionally the busiest in real estate – to be just as busy.
“There will be enough stock to record some big results – maybe not at 2021 levels but not too far off,” he said. “So much depends of course on the broader economic sentiment and how that influences buyer behaviour.”
One likely driver of sustained buyer confidence is the decision this week by the Reserve Bank to leave interest rates on hold, which has led many economists to believe the tightening cycle is on hold for now.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
This sky-high home on the Sunshine Coast with iconic shipping container pool is a testament to modern design and engineering.
3 min
A breathtaking view and a lush quarter-acre block are high up the wish list with any lifestyle property, but this contemporary Buderim residence takes things to another level.
Designed and built by owners Stu and Nat Faid, the Sunshine Coast home reflects their vision and incredible attention to detail.
As an architect and designer, Nat believes a prime position deserves an incredible project.
“The heart of the house is undoubtedly the living area and expansive deck. At over 100sq m and elevated more than 6m above the ground, you literally feel like you’re floating. We love how the views stretch from the Glass House Mountains along the coastline to Mooloolaba. Across the ocean, you can even see the sandbanks on Moreton Island,” she says.
While the views and the 1024sq m land parcel make their mark, it’s the suspended 12m heated shipping container swimming pool that’s making waves locally.
“When people arrive, the first thing they do is look up,” Nat adds.
After purchasing the property in 2021, the pair knew the existing house wouldn’t live up to their family of four, but they fell in love with the location and outlook so decided to adapt.
Initially, the pool’s unique design was simply a reaction to an everyday Queensland problem, but ultimately became a feature.
“The pool was at first a product of practicality. We wanted to be able to watch the kids in the pool from the house, but to do that required elevating the pool more than six meters off the ground,” Stu says.
“When we looked at the engineering required, it conflicted with our minimal-touch ethos in preserving the land and the visual aesthetic of the finished design. What followed was a lot of searching for a solution, and as luck would have it, the answer was almost on our doorstep.”
Shipping Container Pools seemed like a no-brainer answer to the pool problem. Having moved internationally multiple times, the couple saw an opportunity to weave their personal story into the fabric of their new home.
“The opportunity to incorporate a nod to that chapter of our life into the build was too good to miss,” he says.
“It also unashamedly reinforces the origins of the pool construction, which ties into the rest of the design in the house. Throughout the home, we have embraced where the old meets the new, we have not tried to blend, cover or hide the origins of the home, we have chosen instead to make sure the evolution of the house is clear to see.”
The Faids’ global family journey is evident throughout the home, from the grand Middle Eastern entry doors sourced from Dubai where the couple once lived, to the remarkable views from the Glass House Mountains to Mooloolaba.
Created to enjoy every season, the house has a space for all eventualities with an open plan living area spilling out to the full-width deck and pool, a sleek kitchen with an Ilve integrated fridge and freezer, Bosch ovens, an induction cooktop, built-in coffee machine and microwave, two dishwashers, filtered water and a butler’s pantry.
Four spacious bedrooms each have built-ins, the main features a large ensuite with twin vanities and two more bedrooms share a“Jack and Jill” style bathroom. There is also a third full bathroom.
The Buderim home is 12.5kms from Mooloolaba and the Mooloolaba River National Park with the Sunshine Coast Airport 13.5kms to the north, however Stu adds that there is rarely a reason to leave.
“It would be fair to say that apart from popping down the hill to go to the beach, we often go days without ever leaving the village. It’s really is a wonderful spot.”
Packed with mod cons, the Buderim home also features six-zone ducted air-conditioning, engineered oak floors and a double-sided Stuv wood-burning fireplace, a mudroom, heated floors and sensor lights in the bathrooms. There is also a private elevator, solar power and battery, as well as landscaped gardens and a large lock up garage and shed.
The property at 10 Orient Court, Buderim is listed with Zoe Byrne and Greg Ward from Ray White Buderim and will go to auction on September 22 at 9am at Mercedes-Benz Sunshine Coast, 65 Maroochy Blvd, Maroochydore.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
