Clearance rate up after OCR cut
Last week's 50 basis point rate cut seemed to have a positive impact on the auction market last week with Ray White New Zealand recording a 58.1 per cent clearance rate, up 10.95 per cent year-on-year.
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50 basis point cut reflects “urgent” need for economic stimulus
The Reserve Bank of New Zealand has cut the Official Cash Rate by 50 basis points to 2.50 per cent, a stronger move that reflects the urgency of deteriorating conditions.
Hilltop home hits the market for first time in 75 years
A close family connection to Paul Pascoe led to a one-bedroom home in Clifton being designed by renowned architects Pascoe and Hall.
Kevin He and Sunny Sun take on Ray White Blockhouse Bay
Renowned local real estate agent Kevin He and his partner Sunny Sun have kicked off the next step in their journey, opening Ray White Blockhouse Bay.
Seller overjoyed after “crazy bidders” compete for property
When selling his home of 13 years, vendor Steve knew he wanted to go to auction.
New Zealand opens doors to foreign buyers
New Zealand has partially lifted its foreign buyer ban, allowing “golden” visa owners to purchase a single residential property valued at $5 million or more.
$30M in property sold under the hammer on the North Shore
Ray White businesses across Auckland’s North Shore and Hibiscus Coast teamed up to sell nearly $30 million in property across three sites during their auction extravaganza, The Event 4.0.
Auctions see strong volume and clearance
Ray White New Zealand scheduled 206 properties to go under the hammer last week, up 10.8 per cent year-on-year.
From boom to equilibrium: New Zealand's housing market in three phases
New Zealand's housing market has reached equilibrium after three phases: pandemic speculation, correction, and recovery. Median prices stable at $761k with sustainable buyer demand replacing investment activity.
Auctions preferred method of sale for spring
Ray White New Zealand scheduled 128 properties to go under the hammer last week, with a clearance rate of 51.7 per cent.
The Pulse – 13 Feb 2020
A quick synopsis of the market for 2020 shows some interesting details. Buyers are still very evident with auction selling rates increasing, multiple offers on normal listings commonplace and many buyers prepared to put in back-up offers on properties already under contract. Interestingly enough sale numbers remain virtually unchanged from … Read more
The Pulse – 30 Jan 2020
Amazing to think that the first month of 2020 is drawing to a close. And what a month it has been, open homes with record attendances, multi offers on many listings and pre-auction offers bringing early auctions and properties selling within 24 or 48 hours of coming to the market. … Read more
The Pulse 14 Jan 20
A warm welcome to you all for 2020 and what a start we have seen. With the market picking up many of our team were “on deck” over the holiday break and boy did that pay dividends for our vendors. We managed a staggering 23 signed agreements between December … Read more
The Pulse – 24 Oct 2019
SUMMERTIME IS HAMMER TIME!!! This is Ray White Austar’s big pre-Christmas marketing initiative to take advantage of growing buyer activity as we head towards the end of the year. This is a one-off special event for auctions booked during the month of October offering owners cost-effective packages and the opportunity … Read more
The Pulse – 17 Sept 2019
Earlier this year Austar embarked on a new pathway. We decided we wanted the actual team to help us set our core values, goals and ultimately our mission statement for the company. We gathered our salespeople, managers, administrators and property managers to work together in two intensive workshops evaluating various … Read more
The Pulse – 10 Sept 2019
NIWA may be predicting a wet September, but in terms of real estate this month the heat will start to go on. All indications suggest a continued upturn in real estate sales, as buying conditions ease and more property becomes available. This upturn will be welcomed by a real estate … Read more
The Pulse – 3 Sept 2019
Spring is definitely springing. The change in weather is heralding a change of another climate as listings are starting to become evident again. Like the budding of new spring flowers, this new burst of listing activity will hopefully presage the growth in sales we seasonally expect over the next 3 … Read more
The Pulse – 20 Aug 2019
Property management is a topic close to the heart of many. With the fears of future capital gains tax for secondary residential properties now put to bed, we are seeing a lot of normal New Zealanders concentrating on rental property as the best form of retirement investment. Some of the … Read more
The Pulse 13 Aug 2019
Last week we spoke about the lift in the market as Ray White Austar had experienced some of the best Winter selling conditions we had ever experienced. We are now sitting at 25 agreements month to date and seriously challenging our best August in terms of written sales ever. Although … Read more
The Pulse – 8 Aug 2019
Another great Austar auction weekend with 3 out of 5 selling under the hammer and a fourth under offer meaning happy vendors, happy purchasers and happy agents, the perfect trifecta. We currently have 16 agreements signed already for August and well underway for perhaps our best August ever. Despite the … Read more
