News

Auction volumes were up again last week at Ray White New Zealand, with the group scheduling 110 properties to go under the hammer, up 35.8 per cent compared to the same time last year.

First, let’s consider where these $1 million suburbs are at the moment and how they’ve been growing over the past five years.

The winter chill has slowly started to take its hold on auction volumes, with Ray White New Zealand scheduling 125 auctions across the nation last week, down 6.7 per cent year-on-year.

Recently, the A T Realty Group and their property management arm, 360 Property Management, celebrated the commitment to the company of the foundation members and those who have been with the business for the past decade.

Ray White New Zealand scheduled 163 auctions last week, up 4.5 per cent year-on-year, with a clearance rate of 42.3 per cent.

The Reserve Bank of New Zealand (RBNZ) has maintained its Official Cash Rate at 5.50 per cent, signalling a pause in its monetary tightening cycle.

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