Ray White New Zealand saw 158 properties go under the hammer across the country last week, and while this volume is lower than the same period last year, both clearance rates and bidder numbers are higher.
More than 150 real estate professionals gathered at MediaWorks last night for the highly anticipated ‘Canapes and Conversation’ event, hosted by Leading Ladies of Real Estate, New Zealand and Australia’s premier female industry initiative.
Ray White Metro (Christchurch) agent Desere Girdlestone is not a stranger to auctions as a salesperson, having run many auction campaigns for her clients, however, she has recently taken up a new challenge in calling the auctions herself.
With a short week last week, between Easter and Anzac day, Ray White New Zealand had just 119 auctions last week, recording a clearance rate of 41.9 per cent.
New Zealand housing market stabilises as interest rate cuts bring balance. After volatility, median house prices have remained between $750,000-$801,000 for two years, currently at $790,000.
A beachfront property in Mount Manganui has been completely transformed, from a 1970s two-level villa to a contemporary, resort-style abode, and will head to auction next month.
NZ construction faces challenges with crane numbers at lowest since 2016. RLB Crane Index shows 15.3% decline since last quarter, with only 105 cranes now visible nationwide, down from 124 in Q3 2024.
The Myf Porter story
Mortgage holders and prospective buyers will find further relief in the Reserve Bank of New Zealand’s decision to cut the official cash rate (OCR) by another 25bps, to 3.5 per cent, today.
In a game-changing partnership, Ray White has extended its contract with visual communication platform Canva for another two years, with 12 months still left on the contract.
The residential property market is on the move again. Following a prolonged period of uncertainty, we’re seeing clear signs across the country of renewed activity. Buyers are returning, investors are re-engaging, and confidence is building. But this isn’t just a market shift, it’s an integral development for the broader economic … Read more
Our penultimate edition of Ray White Now in 2024 marks a distinct turning point for New Zealand’s housing market. Backdropped by dynamic local conditions and uncertainty in the global economy, the current real estate landscape presents opportunities for strategic decision-making. For sellers considering their options, understanding the trends driving buyer … Read more
We have now stepped into the final quarter of 2024, and New Zealand’s real estate landscape is riding an undercurrent of change, moulded by economic factors and the human behaviours that drive residential decision-making. CLICK HERE TO READ FULL REPORT Proudly presenting New Zealand property market insights in real time.
In the ebb and flow of economic cycles, certain changes stand out as defining moments that shape markets for years to come. Recent months have offered just such a turning point for New Zealand’s housing sector, driven by a series of small but meaningful economic events reframing the landscape for … Read more
In a market that’s been steadily anticipating change, the recent cut in the Official Cash Rate (OCR) by the Reserve Bank of New Zealand (RBNZ) has confirmed what many in New Zealand’s property sector had already expected…read more in our latest Property Market Report. CLICK HERE TO READ FULL REPORT … Read more
Another Monetary Policy Statement (MPS) has passed with another stay in the Official Cash Rate (OCR) – which was kept unchanged for the eighth consecutive time at 5.50 per cent…..read more in our latest Property Market Report. CLICK HERE TO READ FULL REPORT Proudly presenting New Zealand property market insights … Read more
As we enter the second half of the year, Kiwis across the residential landscape suddenly find themselves on a very different playing field, marked by policy change that is set to shift the dial for several key buyer groups….read more in our latest Property Market Report. CLICK HERE TO READ … Read more
With temperate real estate conditions – striking a balance between buyers’ and sellers’ interests – residential stakeholders are making the most of a more predictable property climate, as reflected by the current activity level across our Ray White network…read more in our latest Property Market Report. CLICK HERE TO READ … Read more
Passionate about property? Motivated, energetic & driven? Have exceptional customer service and a flair for sales? Want to join the leading sales team in the Far North? Whether you’re a seasoned real estate salesperson or someone who has always had a passion for property, we would love for you to … Read more
Already a quarter of the way through 2024, buyers and sellers are becoming busier and have been enjoying more stable and predictable market conditions to make their next move….read more in our latest Property Market Report. CLICK HERE TO READ FULL REPORT Proudly presenting New Zealand property market insights in … Read more