The Damerell Earwaker Realty Group has expanded their business to include a new Ray White location in Grey Lynn. The office adds to their already highly successful Ray White Ponsonby and Ray White Pt Chevalier offices.
Bryce Earwaker, co-owner of the Damerell Earwaker Realty Group, said that Grey Lynn has now become a ‘destinational’ suburb. “In the past it was seen as a stepping stone, but in more recent times it has continued to provide further services for the community and has now become one of the top 10 sales areas throughout Auckland. Our move into Grey Lynn has always been part of our plan as we already have an established team working through the Grey Lynn and Westmere market.”
Simon Damerell, co-owner of the Damerell Earwaker Realty Group, said that he was very excited about the new office at Grey Lynn. “Grey Lynn and many of the surrounding areas have continued to show strong capital gain in property over many years and this has led to continued investment and high sales volume for the area.”
Gower Buchanan, Manager of the Damerell Earwaker Group, said the new Grey Lynn office came about due to the high level of growth they had achieved in Ponsonby over many years and more recently the Pt Chevalier office. “Our sales team has a 25% market share in Grey Lynn and we expect by having an office there that the market share should continue to grow.”
Graeme Fraser, Auckland Performance Manager for the Ray White Group, said that Ray White is continuing with its growth plans throughout Auckland. “Grey Lynn is one of the leading sales suburbs in the greater Auckland regional market, and with Ray White Ponsonby already having a strong market share it seemed a natural expansion to open the new office in Grey Lynn.”
Last year the Grey Lynn market was rated the seventh most active market in Auckland, with sales numbers just in excess of 200 and property turnover totalling $166 million.