Archive for the ‘loan market’ Category

Ray White New Zealand is pleased to announce their Franchise Owners Symposium this year will be held in Queenstown on 7^th and 8^th September 2011. The Ray White Group has continued to see extraordinary growth during the past 12 months, with 18 new offices joining and this has set another new record for growth in office numbers.

Carey Smith, Chief Executive of Ray White NZ said said “the objective of the Franchise Owners Symposium is to look at the Group’s strategy as if we were in 2016.  Our strategy is centred on a series of questions that will invite in-depth discussion on the core values of the Group which in turn will allow the strategy to be formalised and give guiding principles for the Group over the next five years.”

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The Symposium will also provide a message of opportunity, with business leaders John Wall from Talent 2 together with Steven D’Souza from Kalamazoo providing keynote addresses on their personal businesses and how they have moved to market leadership in their respective fields.

The Ray White Group has 133 franchise offices and is seen to be one of the market leaders in New Zealand. The Group facilitates 21,000 property appointments per annum and is the leader in the field of property management; looking after 14,600 properties for landlords.  The Group also has a highly successful commercial and rural operation, while offering financial solutions through leading facilitator The Loan Market..

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Just over 150 members of Ray White North Shore attended a quarterly breakfast function held in Takapuna this morning.

The awards were supported by the Loan Market Group, with Chief Executive David Hart speaking about current interest rates, the availability of finance and the introduction of marketing support for our members to provide to potential sellers.

The first awards presented recognised top Loan Market referrals.  Other awards presented included individual sales turnover, business growth and auction and tender marketing; with office awards also categorised in sales turnover, business growth and marketing.

Carey Smith, Chief Executive of Ray White New Zealand, spoke on the new web presence of the Group and the pending release of individual websites that will be available for every Ray White member. He went on to say that the public awareness of property, and in particular agents, was predominantly first introduced to potential clients through the web. Individual sales agents having websites will be a credibility statement for the best in the industry.  He also congratulated the award winners in market conditions that are very much about ensuring that negotiations and marketing remained at the forefront of the sale process.

Other awards recognised were the first two Premier members on the North Shore for 2011.  Liz Parker and Helene Brownlee, who are both current Elite members, have achieved Premier status for 2011 in four months of trading. They were also recognised as the top salespeople on the North Shore together with Ann Emerson from Browns Bay.

Pictured here are the top salespeople who were recognised at the North Shore Quarterly Awards held at the Spencer on Byron.

The Ray White Group recently held their quarterly zone awards throughout the country. The awards recognise the top salespeople, property managers and administrators throughout New Zealand together with top referring salespeople to our Loan Market Group. Offices are also recognised in the category of sales turnover, business growth and marketing. In total the Group recognised 40 salespeople as well as just on 20 offices. The company also recognises the success of the Loan Market Group, with referring salespeople and offices recognised.

This quarter in Auckland breakfasts were held on the North Shore and in Central Auckland.  The Central and Lower North Island came together in Taupo. In the South Island; Canterbury celebrated with an awards night in central Christchurch, with the Upper South Island and the Lower South Island having localised awards for their zones.

Pictured above is City Apartments business owner Phil Horrobin, the recipient of the number two sales turnover and business growth office in Auckland.

Corinna Mansell, National Performance Manager said “Awards are an important part of the Ray White culture; they recognise quality and results for each of our members. Our Group continually strives to achieve excellence in our sales and property management businesses and the awards go part way in the measurement of that recognition.”

Bruce said in receiving the award that he wished to recognise his own team and also to thank his clients who have supported him over many years in the mortgage industry.  He went on to say that after almost a decade of loan writing, he was thrilled to be recognised as the Broker of the Year for the NZMBA.   

The award presented by the NZMBA recognises dedication, professionalism, creativity and production in mortgage broking.  Finalists were selected by nomination from a 16 lender panel and the winners selected by an independent judging panel.    

The other finalists for the Loan Market Group in individual areas included Stuart Matheson (North Shore), Craig Lawson (Auckland) and David Fletcher (New Plymouth).

Reserve Bank Governor Dr Alan Bollard increased the official cash rate by 25 basis points to 2.75% and in doing so foreshadowed further small increases over the next coming months. 

This increase will affect property owners who currently have variable mortgages as the banks will respond with increases which are similar to the rise of the official cash rate.  It is expected however that most homeowners would have factored in this small percentage rise and the rises which are expected to continue during the next 12 months.  In his statement Dr Bollard made reference to the recovery that New Zealand was making in the economy and that although he was cautious in regards to the impact of the looming GST rise he believed that the confidence in the economy should convert to increased profits and stronger balance sheets for many companies.

Most business and service industries while seeing the increase as signalling confidence there was an air of caution in regards to the slowness of the economic growth and the recovery which is expected to be export led rather than consumer driven.  It is expected that the Reserve Bank will continue to steadily increase the cash rate until it hits close to 5% over the next 12 months.  There are two risks which are analysed when increasing the cash rate and that is the inflationary pressures and the return to indebted consumer spending. 

The New Zealand cash rate will be on a gradual path to higher overall interest rates rather than an aggressive path that has been taken by other economies.  The major trading partners of New Zealand throughout Asia and Australia also point to sustained recovery and with this the Reserve Bank trimmed its economic forecast slightly predicting a growth of 3.5% in 2011 which was down from the 4% forecast in March.

In summarising the impact of the interest rate rise on the property market Dr Bollard said that there should be a minimal effect as investors will continue to assess the recent budgetary statement along with the potential of higher returns from rental activity.  Those homeowners who are on variable rates should begin to consider the longer term effect of the rising cash rate and prepare to discuss the financial cost with their financial advisors.

We are proud to present Ray White New Zealand Positional Statement 2011

Loan Market’s Bruce Patten has come in runner up in the 2009 New Zealand Mortgage Brokers Association Broker of the Year award which was presented last Friday.  In addition to being named the national runner up, Bruce, a regular finalist in the New Zealand mortgage broking industry’s prestigious yearly awards, was named Broker of the Year for the Greater Auckland region for an amazing fifth time.  Loan Market’s Gopal Sreenivasan was also a finalist on the night in the Mid-Central Auckland region. Although unfortunately not winning his region, Gopal’s recognition as a finalist is well-deserved and highlights the professionalism and dedication with which he operates on a daily basis.

The Loan Market continues their run of outstanding months in placing mortgages for our purchasers.  They completed just on 191 loans and our top broker for the month of July was Bruce Patten.  Scott Charlesworth who continues to have a great year, also had an outstanding month.  The leader of our Central North Island business based in Tauranga, David Hart, who in his own right is one of our top international personal lending managers, was not far behind.  The Loan Market team has 51 personal lending managers throughout New Zealand.  

With the changing environment in finance for home lending, the Loan Market are increasingly being utilised by the buyers within the market.  We would encourage you during this uncertain period with finance to consult with your local Loan Market personal lending manager to get the best financial information.

As more and more home buyers take advantage of favourable interest rates and signs of stability in the market, the flow on effect has been significant for our Loan Market business.  It is pleasing to see another office has joined our expanding Loan Market team.  Frank Philp has recently joined David Hart’s Loan Market team with an office situated on the busy Maunganui Road in Mt Maunganui.  With 15 years of brokering experience behind him, Frank brings considerable and extensive knowledge of the industry.  Frank has lived in Mt Maunganui for many years and has a firm grasp of the current local conditions.

For confidential assistance with your home loan or to talk to one of our Mt Maunganui Mortgage Brokers, visit Loan Market New Zealand.

Orewa Mortgage Broker Trevor Tiplady, who joined the Loan Market from Wizard, has recently brought together a radio promotion which is running throughout the Rodney and Northland regions of New Zealand.  I was driving down from Paihia yesterday and I heard the ad several times in what I thought was an outstanding self promotion for an individual business to promote their standing in the finance industry given that it is such a crowded market.  Self promotion is a key to developing reputation and with personalised service promotions such as the one that Trevor is doing pay great dividends. Click here to preview - Loan Market Orewa Mortgage Broker Trevor Tiplady

To contact the Loan Market Orewa Mortgage Broker or to find your local mortgage broker, click here to visit Loan Market New Zealand.