News

Today’s highly anticipated rate cut is welcome news for mortgage holders and aspiring buyers, with the Reserve Bank of New Zealand cutting rates by 25 basis points.

Auction metrics were looking positive for Ray White New Zealand last week, with 203 properties scheduled to go under the hammer ahead of this week’s OCR announcement.

Budget 2025, despite its "Growth Budget" moniker, offers a mixed outlook for the property market.

Ray White New Zealand proudly hosted its annual Business Leaders Symposium last week at Takina, Wellington, bringing together more than 170 of the network’s most ambitious and forward-thinking leaders.

There’s been plenty of auction action in the lead up to today’s budget and next week’s OCR update.

The housing market took its usual April breather last month, with prices and sales easing back from March. Despite this seasonal dip, the New Zealand market remains stable.

In the lead up to the 2025 budget, Ray White New Zealand scheduled 127 properties to go under the hammer, with a clearance rate of 43.2 per cent.

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.