Ray White secures record $3 billion in wintery July 2014 property sales

For the first time Ray White’s group sales in July exceeded $3 billion, the first time in any winter month.

"The markets are continuing to resemble spring/summer conditions in a remarkable display of consistency," Ray White co-chairman Brian White advised, adding the consistency was across all individual markets.

Brian White pinpointed the strength of the recovery in Queensland - noting it was "once the hardest hit property market in Australia".

Seems the only thing holding even stronger results across our markets is the seasonal stock shortages.

"Capital cities - indeed the inner city components of our major capitals - are proving fundamental in this resilience," he said.

Ray White’s inner city New Farm office in Brisbane achieved an all time record of $50 million.

The previous July 2013 figure was $2.1 billion, although it is not a like on like figure given office openings in the meantime.

The figure includes residential, commercial and hotel sales from across its Asia Pacific network.

"Cold weather always tames our markets so we needed to be happy with our $2.6 billion for June," Brian White said in the June 2014 report.

The June 2013 sales number was $2.3 billion, up on June 2012 by 5%.

The Ray White Group’s May 2014 results of $3.3 billion took the group to equal its all time monthly record, well above the $2.7 billion notched up in May 2103.

This year's May tally included $1 billion in NSW.