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.
Latest Market Statistics
Read Now
Read Now
Up to Date
News
Healthy Homes – Staying Compliant
Tips for Staying Compliant with New Zealand’s Healthy Homes Standards As professional property managers, one of our key responsibilities is ensuring rental properties meet the Healthy Homes Standards (HHS) — a legal requirement designed to improve the quality of New Zealand’s rental housing. Here are 5 practical tips to help landlords stay compliant and … Read more
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.
