News

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.

Results from Rider Levett Bucknall’s Crane Index for the first quarter of 2024 highlight a continued reduction in cranes on the New Zealand skyline to a three year low.

Ray White’s auctions showcased resilience and momentum last week, with 171 auctions booked nationwide which achieved a 46 per cent all sold success rate.

Ray White’s auctions showcased resilience and momentum last week, with 171 auctions booked nationwide which achieved a 46 per cent all sold success rate.

Ray White Richmond, Stoke and Motueka is under fresh new ownership, after the former owner passed the baton to Paul and Kate Vining.

Last week witnessed the apex of a nationwide campaign push, resulting in high listing numbers and fiercely contested auctions with a 42.2 per cent success rate across Ray White in New Zealand.

Buyers were out in force at Ray White Manukau, Manurewa, Mangere and Mangere Bridge’s auction event The Day 4,0, where owner occupiers, investors, and developers were all in one room bidding it out for property.

Ray White New Zealand’s auction volumes remained high last week, even with Thursday’s ANZAC day public holiday, with the group scheduling 229 properties to go under the hammer, up 148.9 per cent on the same time last year.