Darwon's Theory | Please Excuse The Self Indulgence

It's been a week for celebration; my entire team has been recognised for their hard work and excellent results. Before we dive into the most recent property data - a moment of indulgence.?

We've just held our annual Ray White Queensland Awards, where groups from all over the state vie for the top dog spot. For the last 28 years, the powerhouse Surfers Paradise team has held the title of number one office. This year, my colleagues Haesley Cush and Matt Lancashire had the privilege of accepting the award on behalf of the Ray White New Farm office - and I couldn't be more proud. The award is a true testament to the exceptional leadership the duo provides to our group.

In August 2019, when myself and Brandon Wortley set up shop at Ray White Bulimba, we knew we were taking a risk. Starting a new business isn't easy, that's for sure, and New Farm had been our focus for many years. Typically, when an agent leaves their core area, it takes a while to build up momentum. The entire real estate process hinges on trust, and the locals didn't know us from a bar of soap.?

Fast forward two years, and Ray White Bulimba has just been named the number 7 office in Queensland. My team has worked incredibly hard; we've developed long-lasting, deep-rooted relationships in the community. Heck, I've even moved into the area! That's how much we love it.?

It would be impressive to say we foresaw this level of success, but that's not the case. In truth, we'd noticed a trend of homeowners searching across both sides of the river and decided with our colleagues and mentors, Matt and Haesley, that we could provide a greater level of service by expanding our reach. No one could have anticipated what came next; the pandemic, and the rush of interstate migration. That came as a shock to everyone.

In turbulent times like this, when there's a flight to safety, it's all the more rewarding. Sellers look to brands and people they trust, and I don't take that responsibility lightly. So, thank you to all of my clients for putting your faith in me. Now, onto the data.??

We're currently experiencing the biggest property market boom since the 1980s. CoreLogic data shows house prices are growing at 11X the pace of wages. In fact, the annual growth rate is currently 3.6 times higher than the 30-year average annual growth rate. In dollar terms, that growth rate equals about $103,400 (or $1,990 a week) in price gains - and that's across all types of homes, in all types of suburbs. Surely we'll see some APRA measures put in place eventually??

Until that happens, you still have time to make what could be a game-changing move for your property portfolio. Give me a call if you're ready to take advantage of this quick-moving market.

Cheers,

S.D.?