Ray White NZ sales up 50% in October

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 The Ray White Group in New Zealand recorded a 50 per cent increase in property sales during October, 2009, compared to the same period last year.

 Ray White New Zealand CEO Carey Smith said all regions also reported a record number of listings and a 37 per cent increase in turnover for the year to date.

 Mr Smith said the Auckland market had the greatest rise for the month of 55 per cent, with total sales in excess of $205 million.

 “The top five Ray White offices for last month nationwide were Ponsonby, Manukau, City Apartments, Remuera and Kingsland,” Mr Smith said.

 “These offices combined to complete $65 million in turnover.  Other standout offices included Mangawhai, Papamoa, Palmerston North, Richmond, Merivale and Arrowtown, which all had record results for the month.”

 Mr Smith said Ray White also had a significant boost in turnover on the upper South Island.

 “Ray White has five offices in this area and their turnover surged to $20 million,” he said.

 The Ray White Group trades through 131 offices in New Zealand and turns over approximately $5.3 billion in property sales per annum.

 ENDS

 Further inquiries:

Carey Smith

Ray White New Zealand CEO

Ph: 64 9 377 5069

 About Ray White

Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has almost 1,000 individual offices spread across Australia, New Zealand, Indonesia, China, Thailand and the United Arab Emirates, more than 8,000 staff, annual sales turnover in excess of $30 billion and manages more than 200,000 rental properties.