In what is believed to be a ‘world first’, the Ray White Group has just completed its first ever international online auction sale with their auctioneer in isolation in Brisbane, some 2288kms away from the picture perfect property in Auckland....
Ray White offices in New Zealand had a bumper last 24 hours before restrictions enforcement as six properties sold under the hammer for a combined value of NZ$8,169,000. The ‘new normal’ was clear for all to see at the Ray....
Ray White Group defied the doom and gloom predictions in New Zealand over the weekend as the leading group booked a preliminary national auction day clearance rate of 60 per cent. The highlight was in Highland Park where Ray White Manukau....
Top international powerhouse Ray White Remuera embraced their inner-jazz hands this week, and in doing so, sold eight of 10 properties via the auction method for a combined total of $NZ14,351,000. On the night, Ray White New Zealand Chief Auctioneer John Bowring....
The Ray White New Zealand group results for February 2020 saw a strong increase in the sales value in comparison to 12 months ago. This has continued the strong start of sales in the area of residential property. The median....
John Harman reckons his wife Karen Spires thought he was a bit nuts to build another block of apartments, but the former surgeon-turned-developer enjoyed the process of building St Marks in Remuera so much he’s launched another luxury build next....
The Ray White New Zealand group results for January 2020 saw a strong increase in the sales value in comparison to 12 months ago. After a record sales month in December 2019 which saw prices increase; the median sales price....
Ray White New Zealand has appointed experienced award-winning auctioneer Gavin Croft as it’s new Chief Operating Officer to help spearhead the next phase of growth at the leading network. Ray White New Zealand currently has a network of 177 offices....
The Ray White New Zealand group results for December 2019 saw a 28% increase in sales value in comparison to 12 months ago and a 6% lift on November 2019. A month cut short by celebrations and Christmas holidays provided....
Christmas came early for many charities as Ray White’s Christmas initiative ‘A Little Ray of Giving’ raised thousands of gifts, money and more than 300 bags of non-perishables across New Zealand and Australia. More than 350 offices across the Ray White....
Labour Market Fundamentally Strong The data highlight for us economists this week was not the number ten – representing days in the job for Mr Scaramucci. Instead it was yesterday’s collection of numbers showing the state of our labour market in the Household Labour Force Survey and Labour Cost Index. … Read more
Retail Spending Strong Sort Of Fresh economic data have been fairly thin on the ground this week. We learnt that core retail spending using debit and credit cards rose 1.4% in April to deliver an annualised pace of growth in the most recent three months of 5.4%. This is … Read more
Higher Inflation This morning we learnt that New Zealand’s inflation rate has lifted from 1.3% to 2.2%. Core inflation measured as non-tradeables inflation has risen to 2.5% and trimming away the top and bottom 10% of items rising and falling gives inflation at 2.2%. Excluding food and energy … Read more
Last Friday we learnt from the ANZ’s monthly business survey that like consumers businesses have become a tad less confident about the economy recently. Only a net 11% of businesses early in March felt that the economy would improve over the coming year. This is the lowest reading since … Read more
30th March 2017 Weekly Overview Bits and Pieces At the start of one of the talks I gave last week attendees were asked what they would like to hear discussed. Here are some of the things they listed. Income inequality This reflects a debate coming from two sources. … Read more
Handout For A Recent Talk I gave a presentation this week to some potential home buyers at a function in Takapuna this week and promised them that I would reprint in the Weekly Overview the 15 points I raised regarding the Auckland housing market. So here they go, in … Read more
Keep Calm and Carry On I wonder how many people are still sitting out there, holding off from buying a house, hiring staff, or undertaking capital expenditure because they expect the economy to fall into a hole in the ground because of the collapse in the dairy payout, … Read more
Strong Business Sentiment Having written quite a bit last week summarising my thoughts not too much fresh is jumping out of the grey cells this week. Suffice to say that we continue to get firm economic data being released including in the shape of our own quarterly BNZ Confidence Survey. Businesses are definitely feeling happy … Read more
A Few Reasonable Thoughts NZ dairy prices appear to be edging up. Our economy is well underpinned by a range of sectors including tourism, construction, export education, most primary exports. Investors globally are searching for yield and looking further and further afield. Given these factors is it reasonable to expect … Read more
Trying To Boost Inflation The Reserve Bank are cutting interest rates in the hope that this will stimulate people to borrow more money and spend it or to save less and spend it, and that this will cause inflationary pressures which will get the annual inflation rate back above 1%. They are failing (along … Read more