News

Renowned owner of Ray White Remuera, Megan Jaffe, and her business partner Thomas Farmer, have taken the next step in their real estate journey, opening Ray White Ponsonby.

Ray White is pleased to announce that Glenn Carpenter has acquired the Ray White Manly and Peninsula sales business from Gary, Jayne, and Vicki. This strategic move marks a new chapter for the business.

Firstly, what is “affordable?” According to Stats NZ, average weekly earnings as of June 2023 was $1,273 per week, a 25.3 per cent increase from five years ago.

Ray White New Zealand scheduled 148 auctions to go under the hammer last week, up 8 per cent year-on-year.

Ray White New Zealand’s 2024 Business Owners Symposium saw 175 Ray White business owners, next leaders and key partners from across the country come together in Christchurch for two action packed days of learning and development.

Ray White’s 15th call-a-thon hit a new level this week with 10,141 appraisals booked across Australasia, 100 per cent powered by NurtureCloud, the group’s unique prop tech platform.

Ray White New Zealand scheduled 128 auctions last week, up 34.7 per cent year-on-year, with a 43.8 per cent clearance rate.

Auction volumes continue to be up on last year as we head into winter. In the first week of June we saw Ray White New Zealand schedule 161 properties to go under the hammer, up 59.4 per cent year-on-year.

The last week of autumn saw Ray White New Zealand schedule 174 properties to go under the hammer, up 27.9 per cent compared to the same period last year, with a clearance rate of 48.8 per cent.

New Zealand has the worst rental affordability in the world. Today’s budget announcement that interest costs would again be made tax deductible and the brightline test adjusted is therefore welcome news for rental supply and hence affordability.

Auction volumes remain high across Ray White New Zealand, with the group scheduling 228 properties to go under the hammer last week, up 66.4 per cent year-on-year.

For the second year in a row, both luxury house and luxury unit transactions decreased.