Ray White offices across Christchurch have delivered a sensational under the hammer week for their sellers as 17 properties sold at auction for a combined total value of over $10.4 million. According to innovative internal data, 129 properties were scheduled....
Alert Level 3 had little to no effect on the red-hot auction market in Auckland last night as multiple properties sold under the hammer to the tune of tens of millions of dollars. It was a typically strong night for the....
Why real estate and how did you start in the industry?I started in real estate in 2011. I had recently moved to Auckland after seven years living the Australian expat life in London. I wanted a career that enabled me....
Why real estate and how did you start in the industry?At the time, I was working in marketing and my husband and I had sacrificed our social lives to renovate houses – we ended up doing about half a dozen....
Why real estate and how did you start in the industry? My entire career has been about property. Firstly, property law, then property development and consultancy, and now selling. My background was the perfect foundation to grow a real estate business.....
Ray White Royal Oak last night defied the obstacles put in place by Alert Level 3 as both of their properties scheduled to go to auction sold under the online hammer. It has been a strong start to the auction year....
The Christchurch property market – and auctions in particular – continues to thrive despite the recent COVID-19 restrictions after another stellar week of under the hammer sales. Ray White’s in-room auctions (above) across the Garden City produced 11 outstanding results for their sellers....
Ray White Kingsland has celebrated four outstanding results for their sellers as they pivoted to online auctions in the blink of an eye when Auckland’s Alert Level 3 lockdown was announced. Despite moving to the innovative online platform, the four properties....
Auckland’s barnstorming auction market has shown no sign of letting up as Ray White Mt Eden successfully sold seven properties under the hammer for over $16.1 million last night. It has been an outstanding start to the year for the....
Alert Level 2 proved to be no obstacle for Ray White offices across Christchurch last week as 10 properties successfully sold under the hammer for a combined value of over $6.9 million. It has been a fantastic start to the year....
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