September NZ Sales Increase by 34%

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Media Release

October 09, 2009

Ray White’s New Zealand Sales Up 34 per cent

Australasia’s largest real estate and property group, Ray White, boosted sales in New Zealand during September by 34 per cent compared to the same time last year. Ray White New Zealand CEO Carey Smith said most regions reported a significant increase in turnover with the Auckland market leading the way with sales of $210 million.

“For the seventh month running Auckland has increased its turnover this month by 55 per cent,” Mr Smith said. “This result was underpinned by an increase in controlled listing numbers which were in excess of 1,200 properties for the month. “Mr Smith said total stock numbers for Ray White in September increased by 12 per cent, with the average days on market lowered from 39 to 36 days. He said the boost in stock numbers led to an increase in turnover in most regions. “The Lower North Island showed a considerable lift, up 90 per cent, which was reflected by a 75 per cent increase in controlled listings, while the Upper South Island showed an increase in listing stock of 60 per cent,” he said. Mr Smith said the Canterbury region achieved sales of $65 million, up five per cent on September 2008, and the Central North Island boosted turnover two per cent to $30 million. He said the Lower South Island had been enjoying a strong year for sales and new Ray White offices in Arrowtown and Alexandra increased turnover by 46 per cent.

The Ray White Group has 131 offices in New Zealand turning over almost $4.3 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.