Property News & Advice
Here is where you can keep up to date with everything from future prices and mortgage rates, to the latest property hotspots, events and what Ray White are up to in the local community. Be rest assured that the Ray White team are always watching the market so we can give you the best property advice possible.
Auction confidence continued to sweep the nation with four strong under the hammer property sales around the country last night, to the tune of NZ$3,545,500, highlighting continued buyer confidence. The first sale was by the Ray White Ponsonby office and Director Gower Buchanan said people that were looking to list should take confidence from the deal. “What we’re seeing is every property at auction having bids placed on them and that indicates to us the strength of the Auckland market right now,” Mr Buchanan said. “The significant cash and unconditional buyer demand that’s unsatisfied by current market offerings is at high levels and that tells us that now’s a great time to list your home.” 15 Beach Road (above) in Auckland’s Pahurehure, managed by Salesperson Tony Warren, sold for NZ$1,167,000 in what he lauded as the “perfect storm” for selling a property with the right agent, right now. “We had seven registered buyers, five of whom were active, and that competition generated a massive 141 bids during the auctions – the vendors are quite rightly delighted,” Mr Warren said. “We had a really strong marketing plan in place and we had 7,198 views on our Ray White site and the TradeMe site – this allowed us to achieve a sale price of 40.7 per cent above CV. “Buyers are now wanting to spread their wings and you can really feel the buyer’s urgency on the ground.” The biggest sale of the night belonged to Ray White Salespeople Lisa Stone and Steve Stone from Ray White Parnell as they managed the NZ$1,380,000 sale of 69 Gowing Drive (above), Meadowbank, Auckland City. “This was a really good auction with bidding starting at NZ$1,200,000 and climbing, through competition, up to its final sale price,” Ms Stone said. “Since we launched the property the energy has been really good – there’s certainly a deep pool of buyers out there now. “We’re finding that most buyers are comfortable with bidding at auction and we’re definitely seeing prices holding and increasing.” The third success of the night was in Papakura’s Drury as Ray White Karaka Salespeople Leigh Ingle and Sum Lim sold 5/170 Great South Road (above) for NZ$558,000. “The sub-NZ$600,000 market is particularly strong at the moment and this property attracted buyers from far and wide with 31 people going through the open home,” Ms Ingle said. “This sale is a prime example of why auctions are such a good way to sell your home – the final outcome was 10 per cent higher than the pre-auction offers we’d received and..
An ideal ‘fixer-upper’ in Kingsland, that had been in the same family for more than 50 years, has been bought for NZ$1,140,000 – highlighting the continued growth in buyer confidence. A young couple who lived on the same street saw the home at 10..
Buyers last night warmly welcomed the return of Ray White Ponsonby in-room auctions with socially-distanced open arms as two out of two properties sold under the hammer to the tune of NZ$2,985,000 for a 100 per cent clearance rate. “You could tell that..
Auctions continued to drive buyer confidence last night as a massive 31 registered bidders battled it out for a single property as 34 Trafalgar Street in Onehunga sold for NZ$1,600,000. “This excellent result shows just how deep the buyer pool is for..
A vendor who successfully sold his property through Ray White at auction on Auckland’s North Shore Beach Haven for NZ$965,000 last week has stated the “time to sell is now.” Mr Alf Danielson of Dunedin, who along with his two brothers..
Ray White offices in New Zealand hammered home more strong auction results yesterday as a rising clearance rate indicated buyer confidence was well and truly back. Ray White Beach Haven, Verrans Corner and Glenfield, part of the Carpenter Group on..
Auctions continued to be a key driver of property sale momentum in Alert Level 2 yesterday as Ray White offices successfully sold NZ$8,305,000 worth of property under the hammer. Ray White New Zealand Chief Auctioneer John Bowring (above), who called two auctions successfully..