Auction metrics show signs of confidence post rate cut
Ray White New Zealand scheduled 144 properties to go under the hammer last week, recording a clearance rate of 55 per cent.
Ray White New Zealand scheduled 144 properties to go under the hammer last week, recording a clearance rate of 55 per cent.
Today’s highly anticipated rate cut is welcome news for mortgage holders and aspiring buyers, with the Reserve Bank of New Zealand cutting the Official Cash Rate by 25 basis points, bringing it to 3.00 per cent.
Ray White had four winners and 12 finalists at the REINZ awards last night, which celebrated the fantastic achievements of those from across the industry.
Ray White New Zealand scheduled 96 properties to go under the hammer last week, with a clearance rate of 50 per cent.
NZ housing shows resilience with just 0.2 per cent July decline vs typical 1.9 per cent drop. Rising sales, falling listings, and middle-market strength suggest buyer's market ending.
Ray White New Zealand scheduled 153 properties to go under the hammer last week, up 18.6 per cent year-on-year.
A landmark development site has hit the market, marking a once-in-a-generation opportunity to shape the Auckland CBD.
Ray White Manukau, Manurewa, Mangere and Mangere Bridge continue to prove that auction is the best method of sale, recording a 60.9 per cent clearance rate at their in-room event The Day 10.0.
Ray White New Zealand is proud to welcome Ray White On Point Realty Group to its ever-growing network, servicing the picturesque coastal communities of Omaha, Matakana and Point Wells.
Ray White New Zealand scheduled 125 properties to go under the hammer last week, with a clearance rate of 44.6 per cent.
The latest statistics from the Real Estate Institute of New Zealand show us that listings numbers are up 60% month-on-month. With more properties for sale but the same number of buyers in our marketplace, how do you stand out from the crowd and make your property more attractive than the … Read more
Colour in one of the attached Little Ray of Giving pages, bring it into our Rangiora office for a wee treat and you can go in the draw to win a prize! Entries need to be received by 4pm, Friday 15th December. LROG_ColouringBook_A4_2023_01 LROG_ColouringBook_A4_2023_02 LROG_ColouringBook_A4_2023_03
At this time of year we often come across homeowners who are looking to make a move in the new year and want to wait until January before they get on the market. If you want a head start on the rest of the homeowners with the same thought pattern … Read more
In recent years, the real estate market in North Canterbury has witnessed a remarkable trend: the growing success of auctions as a preferred method for selling houses. Gone are the days when traditional listing methods were the only option. Today, more homeowners and real estate professionals are turning to auctions … Read more
We are thrilled to announce that Ray White Canterbury is partnering with the Bone Marrow Cancer Trust to sell annual sponsorships for the 26 apartments at Rānui House, located at 1 Cambridge Terrace, Christchurch Central, to individuals/businesses who may be interested in this kind of sponsorship opportunity. The Bone Marrow … Read more
When it comes to selling your home, you undoubtedly want a strategy that will help you maximise your price and minimise your time on the market. Opting for an auction could be the perfect solution, providing you with the best opportunity to secure a premium price within a reasonable timeframe … Read more
The real estate market is forever changing in some way, shape or form. Regardless of what the market is doing, most homeowners are after a premium price in a reasonable timeframe. We find ourselves in a market where we are seeing more and more offers subject to the sale of … Read more
As we move into December, we are closing in on the last of our auctions for the year. I wanted to take this opportunity to invite all of our past buyers & sellers as well as potential buyers and sellers to attend our Christmas Auction Gala which is to be … Read more
As the market returns to a more balanced state we are noticing an increase in “subject to” or “conditional upon” sale offers being made. There are a couple of reasons we are potentially seeing this – the finance industry has tightened and securing bridging/short term finance is a lot harder … Read more
This is a question I often get asked by owners when deciding on what method of sale they will choose. In the peak of the market last year, the chances of selling on auction day were higher than not. A year later, the tables have turned – but not just … Read more