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.
4th May 2023. Picking exactly where we are in the economic and property cycle is always a challenge. Historically, a complete circumnavigation of the clock below can be 8 – 10 years, depending on the location, type of property, economic factors, and demand … Read more
At a point in time that we reflect, following two of the most major weather events to occur in Auckland and NZ ‘s history, I thought that a blog on house and/or commercial property insurance is worthwhile reading. Clearly, under-insurance is a significant issue that can have serious … Read more
Popular school zones are considered a big driver of house prices, but it is hard to pinpoint exactly how much additional value is due to the zone alone, experts say. While no-one doubts the positive impact a good school zone can have on an area, new CoreLogic figures suggest price … Read more
What you need to know Patiently awaited, the latest Government Valuations have been recently released in the last fortnight, being the first review in over 4 years. Normally a 3 yearly cycle, all the G.V’s have been delayed due to Covid-19 and should have been updated as of 1st June … Read more
New Government Valuations ‘1st time in 4 years’! New Government Valuations released in December. Government Valuations (G.V.’s) are released on a normal 3 yearly cycle, with the last computer-based mass appraisal completed having an effective date of 1st July 2017. Over 4 years ago. Last … Read more
Who would have thought that I would be writing this market insights blog two weeks into a COVID-19 Level 4 lockdown ! Looking around the world, no matter what your political leaning is, thank goodness we are not experiencing the extent of Delta outbreak that many other countries are fighting. … Read more
Here at Lochore’s Real Estate, we’ve been operating as real estate agents in the lower North Shore for decades, so we’ve seen a lot of people take their first step into home ownership over the years. We understand; it’s a big decision, involving a complicated marketplace, and what’s likely to … Read more
The New Zealand government recently passed the biggest changes in Tenancy legislation in 35 years, outlined in the Residential Tenancies Amendment Act 2020. Here at Lochore’s Real Estate, we keep up to date with all things residential property and care about our clients’ investments, which is why our Auckland property … Read more
Any improvements to your house that cost less than the value they add are worth the money, but which improvements yield the best returns? As one of North Shore’s leading real estate companies, we here at Lochore’s understand the factors that are likely to optimise the value of your home. … Read more
Contrary to popular belief, Auckland’s North Shore real estate properties aren’t all expensive bay-side villas and costly waterfront homes. In reality, it’s home to some of the best value properties in Auckland, particularly for for first-home buyers—you only need to know where to look! We are, of course, talking about … Read more