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.
The recent election result has seen National in a position to form the next government, potentially alone with the Act Party. Although nearly 20% of the total election vote is yet to be counted (special votes and final results are expected to be announced on November 3), we could see … Read more
Tony Alexander, New Zealand’s favourite economist, recently did a review of the state of the NZ housing market. Titled The Endgame Begins, it can best be summed up as “The negative factors still dominate in New Zealand’s residential real estate market, and we should expect to see some further weakening … Read more
How to safeguard your investment during the holidays Jingle Bells – or alarms This first one might not surprise you, but it will surprise those sneaky burglars! Unfortunately, there is often an uplift in crime around the holidays. Adding a security alarm and/or cameras can make thieves think twice before … Read more
On Friday, the Ray White Hawke’s Bay team got together to celebrate another year of hard work at the Havelock North Club. The Annual Awards night is a great opportunity to recognise not only the achievements of individual agents and teams, but the administration, property management, marketing and management team – … Read more
Declutter It’s time to ‘Marie Kondo’ your space! Removing the clutter will make your home feel larger and more appealing. Start by removing everything you haven’t used or won’t need for a while. Consider hiring a storage unit so you can remove surplus furniture and other items away from the … Read more
Market conditions are in your favour Are ‘For Sale’ signs popping up in your area? Are your neighbours selling for a great price? You might be in a seller’s market! This could be the best time to sell a house and you don’t want to miss the opportunity. Right now, … Read more
Buying, selling, or just looking, but no idea what we’re talking about? At Ray White Hawke’s Bay, our clients are our number one priority. If that means giving you a wee dictionary to support you on your journey, then here you go! Sharpen your pencils, below is all the real estate … Read more
Are you a landlord, a tenant or a homeowner and not sure of the new tenancy laws or Healthy Homes and how it might affect you? We’re here to break it down for you: TENANCY LAW CHANGES The tenancy law changes have been introduced periodically since August 2020. These are … Read more
Area estate agent says parents in Hawke’s Bay are becoming unwitting property investors in a desperate bid to keep a roof over their kids’ heads. Real Estate Institute of NZ figures show median house prices in Napier rose to a record $810,000 in April. Hastings District’s April median was $715,000, … Read more
Elanor MacDonald – Managing Director It was a month of records. We are extremely proud that Ray White served more than 19,000 families and businesses to find a new home or investment property across Australia and New Zealand during the month, representing $8.74 billion in transaction … Read more