An update from the October Edition of Ray White Now | Nerida Conisbee – Chief Economist of the Ray White Group With another general election been and gone, the result will not have pleased everyone, but for housing, I believe the prevailing party provides the best result. New Zealand needs … Read more
The housing market is building momentum after a subdued start to the year, but while key market indicators have turned, challenges loom large on the horizon. Daniel Coulson – Chief Executive Ray White New Zealand SPRING IN THE AIR After showing solid increases in May and June, residential sales activity … Read more
Treena Drinnan, Chief Agency Officer Ray White New Zealand, analyses the latest statistics on supply and demand, along with tracking realtime graphs depicting listings and loan approvals to give her an outlook on the current market conditions. With the next Official Cash Rate (OCR) announcement from the Reserve Bank of … Read more
As we bid farewell to August, there’s a distinct buzz in the air. Here’s the headlines for the wider Auckland property market: Sales Surge: Auckland has seen a remarkable 18.2% year-on-year increase in property sales. Compared to last month, sales are up by a solid 7.3%. The market is humming … Read more
The Auckland housing market experienced a slight rise, with median sale prices returning to $1,000,000. This increase was paired with a renewed sense of energy and confidence among buyers. As predicted by experts, the Reserve Bank’s decision to pause the ongoing rate hikes and ease loan-to-value restrictions played a significant … Read more
In our analysis of the REINZ Property Report for May (which we have included a link to below), we found reasons to be optimistic. After experiencing a prolonged period of declining house prices and rising interest rates, there are indications of a potential shift in the market. The Reserve Bank’s … Read more
THERE’S SOMETHING IN THE AIR Welcome to our updated monthly market summary. In this report, we will share our insights and firsthand experiences from the market, along with the latest statistics and outcomes from our primary markets. There is an undeniable sense of optimism in the air. Despite the continuous … Read more
REINZ Monthly Property Report_April 2023
As our team read through the latest property statistics report provided by REINZ, which details February’s activity – we reflected on just how chaotic last month was for the people of Auckland and New Zealand as a whole. The numerous weather events, which in some instances destroyed people’s homes had … Read more
Our hearts go out to all of the families and businesses impacted by Cyclone Gabrielle. For Auckland it seems the worst of the weather is behind us, but we know for many the coming days and weeks are going to be challenging. The median house price in Auckland has dipped … Read more