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Investor Report January 2015

By Ian Campbell

Brian White named an Officer of the Order of Australia

It is with great pride we announce the leader of the Ray White Group, Brian White has been appointed an Officer of the Order of Australia.

Mr White received the honour on Australia Day for his distinguished service to business through leadership in the real estate, professional services and property industries. He has also been honoured in the arts as a patron and donor.

Mr White’s grandfather established Ray White 113 years ago in Queensland and Brian White said from the age of six he dreamed of following in the family footsteps.

“This is a great endorsement that family business is worth perseverance,” he said “The strength and depth of a family company enables a consistency that consumers can relate to.”

Flying start for the 2015 Property Market:

The Sydney property market is back in “boom” mode with reports suggesting the strong price rises experienced last year are set to continue.

Domain group’s senior economist Dr Andrew Wilson told the Sydney Morning Herald Sydney prices jumped an average 14 per cent last year. This follows growth of more than 15 per cent a year earlier.

Dr Wilson said most of the growth was in the December quarter, adding while Sydney was in “hyperdrive,”, the rest of the country was in “second gear”.  He predicts price growth in Sydney for 2015 will be between 7 and 10 percent.

Early open houses this year for properties listed by our office have already attracted big groups.

“Buyers are definitely out in force. With interest rates remaining low and our state economy currently being the best in Australia, things look very positive indeed,” said Ray White Elizabeth Bay Principal, Ian Campbell.

New nightlife for Kings Cross

A new bohemian show featuring burlesque, acrobats, drag, dance, comedians, circus performance and an LED-lit hula hooper is bringing back some of life lost at Kings Cross after the lockout laws.

“The X Show”, held every Friday night at the newly launched X Studio over the famous Coca-Cola sign, has been put together by Scott Maidment, a leading producer of theatre and circus shows.

“We want to bring Kings Cross back to its former glory,” said Mr Maidment. “Our show’s been inspired by shows currently running in London, New York and Las Vegas.”

More than 42 bars, clubs and small businesses In Kings Cross have closed since the lockout laws were introduced. While violence and binge drinking is down, so is patronage.
The X Show’s owner Ron Creevey, along with many locals, hope the new show could see Kings Cross regain its former glory as the home of classy, glamorous acts showcasing fabulous entertainment.

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