News

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.

A beachfront property in Mount Manganui has been completely transformed, from a 1970s two-level villa to a contemporary, resort-style abode, and will head to auction next month.

NZ construction faces challenges with crane numbers at lowest since 2016. RLB Crane Index shows 15.3% decline since last quarter, with only 105 cranes now visible nationwide, down from 124 in Q3 2024.

The Myf Porter story

Mortgage holders and prospective buyers will find further relief in the Reserve Bank of New Zealand’s decision to cut the official cash rate (OCR) by another 25bps, to 3.5 per cent, today.

In a game-changing partnership, Ray White has extended its contract with visual communication platform Canva for another two years, with 12 months still left on the contract.

Ray White New Zealand’s auctions show no sign of slowing down in the lead up to Easter, with the group scheduling 212 properties to go under the hammer last week.

Ray White Mt Eden sold more than $13 million in property at their in-room auctions yesterday, with nine properties going under the hammer.