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Ray White Now is our monthly deep dive into data that informs our agents and customers about market activity, buyer and seller sentiment and what to expect when coming to market. Our economics team, led by Ray White Chief Economist Nerida Conisbee, extracts data from numerous different sources to bring you analysis of price movements, listings on the market and auction insights, in real time, to give you an up-to-the-minute understanding of the real estate market in its entirety.

Price movements
Strong price growth continues
Australian house and unit prices continue their upward trend this month, albeit at a slower pace. Both housing types saw a modest 0.2 per cent appreciation. However, the market is exhibiting greater diversity across states and regions, reflecting varying local economic conditions
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Listings activity
Surge in listings expected
The property market appears to be emerging from a prolonged ‘holding pattern’, with preliminary data from July and August indicating a modest uptick in listing levels after a subdued June winter selling period. This shift suggests a turning point in market sentiment, moving away from the recent period of caution driven by inflation concerns and interest rate uncertainties.
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Auction insights
Improved auction clearance rates
Australian auction clearance rates have improved in August, reaching 67.5 per cent. This exceeds 2022 levels but remains slightly below 2023 figures. The year has been marked by vibrant auction activity, with high bidder participation driven by the imbalance between limited listings and strong buyer demand.
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