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The 2023/24 financial year was another success for Ray White Victoria and Tasmania, with the network recording more than $11 billion in settled sales, helping around 30,000 buyers and sellers meet their property ambitions. This was up 12.26 per cent compared to 2022/23 results, with June 2024 being a record month for Victoria, recording $1.012 billion in settled transactions.
It was also an incredible year for auctions at Ray White Victoria and Tasmania. Auctions are the lifeblood of Ray White, with more than 122 years as competition creators. Ray White Victoria and Tasmania scheduled 9,204 auctions in 23/24, up 30.9 per cent year on year. The network recorded a clearance rate of 71 per cent, with an average of 3.3 registered bidders per auction. Auction continued to be the preferred method of sale, with properties sold under the hammer by Ray White Victoria and Tasmania agents receiving premiums an average of 11.9 per cent higher than the highest offer received prior to auction.
Ray White Victoria welcomed five new businesses last financial year, with Ray White Williamstown, Ray White Officer, Ray White Wollert, Ray White Yarragon, and Ray White Port Fairy joining the family. Three more businesses will join within the first few weeks of the new financial year - East Melbourne, Collingwood, and Bentleigh.
As we enter the new financial year, our goals are clear. We plan to continue our growth throughout Victoria and Tasmania with ambitious professionals leading businesses of attraction.
We are proudly market leaders as a result of the dedication of our members, however, we remain restless. We will strive to recruit and retain the industry’s best talent and provide them with the very best offering of any real estate group in Australia to support their ambition. We are more than just a brand and encourage the industry to “test drive” our offering.
The White family continues to invest every year in our corporate offering to ensure the tools available to our people are the best in the industry.
