A lucky buyer has purchased a three-bedroom house at the mouth of the Nile River with incredible views over the river and the Tasman Sea as 53 Beach Road in Charleston sold for $730,000 under the hammer after being converted from private....
Ray White auctions in Christchurch continued to prosper last week as a huge 16 reportable properties sold under the hammer at in-room events for more than $11.4 million combined. According to innovative data from Australasia’s leading property group, Ray White....
Ray White Manukau I Manurewa I Mangere I Mangere Bridge offices have celebrated a great set of super six auctions as sellers reaped the rewards of taking their home under the hammer. Innovative internal data showed that the six properties sold....
Auction in-room success for Ray White offices across Christchurch continues to impress as 10 properties sold under the hammer for more than $6.5 million combined. Innovative internal auction data from Australasia’s leading property group, Ray White, showed the Garden City had....
Ray White Papakura Salesperson Nikki Dorrington has started life at Australasia’s largest real estate group with a bang as her very first auction campaign achieved a terrific outcome for her seller with the hammer falling at 71 per cent over....
The auction market in Christchurch has once again showed no sign of slowing down as Ray White offices across the city sold more than $9 million worth of property via in-rooms last week. Innovative internal auction data from Australasia’s leading property....
Powerhouse office Ray White Remuera hammered home more than $13 million in just one night as they sold eight properties at auction for a strong 80 per cent clearance rate. It has been an exceptional start to the year for Ray....
Buyers have the incredible chance to purchase a glorious bespoke-designed property as the owners of 248 Point Wells Road in Point Wells send their dream home under the hammer. The wonderful 322sqm* property is immaculately finished with the highest quality fixtures and....
It was a month of records. We are extremely proud that we served more than 19,000 families and businesses to find a new home or investment property across Australia and New Zealand during the month, representing $8.74 billion in transaction....
Ray White New Zealand has recorded a personal-best month, completing sales of $2.249 billion, which is 99 per cent ahead of March 2020. While value lifted at a high level, sales numbers by the company also increased by 62 per cent,....
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