Archive for the ‘Property Management’ Category

The recent activity in the Northland region for Ray White has seen the Group grow to be the largest in the region. In Dargaville, the Ray White Group is pleased to announce the opening of their latest office with Jean Johnson Realty Limited.

 The office is in a high profile location that was previously trading with another group. Jean Johnson herself is a leading salesperson in the Dargaville region. Having traded in the area for close to 20 years, the office has grown to have a market share of close to 50% and Jean has been acknowledged as the leading salesperson in the Northland region through the REINZ on two occasions during the past five years.

Dargaville is located 55 kilometres south-west of Whangarei and has a population of approximately 4,500.  The area is known mainly for Kauri logging together with being a hub for many significant transport businesses.

Jean Johnson Realty also undertakes property management and has one of the largest rental portfolios in the region.

Jean Johnson, owner of the business, said that her and her team are very excited about the move to Ray White. “The Group’s presence, the technology and the marketing were the standout reasons as to why we have decided to change brands and join Ray White.  It will give us a true coverage locally, nationally and internationally.”

Sarah Pearce, Growth Executive for Ray White New Zealand, said “Jean Johnson joining our group adds further to our Northland strength. Jean’s business is one of the leading offices in Dargaville and her belief in personal service and commitment to results fit perfectly with Ray White.”

The office has been rebranded and the commencement date is 3^rd November 2011.  The office website is rwdargaville.co.nz and Jean can be contacted at jean.johnson@raywhite.com.

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Please click here for CEO Comments that are now posted for August 5, 2011

Past comments are filed here under Previous Comments.

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The Ray White Group in New Zealand actively manages properties on behalf of landlords across New Zealand and currently has a property management portfolio of 13,380 properties.  

At the Ray White Annual Awards property management is recognised in two categories – Property Management Office of the Year and Property Manager of the Year.  These qualitative awards take into account systems, service and growth. 

The Property Management Offices of the Year were Papakura, Tower Junction in Canterbury, Epsom and the Goodwin Group.  The individual property managers, who were recognised with awards included Ray Hastie (Sumner), Beth Chisholm (Queenstown), Ali Herter (Epsom), Martin Donnelly (Epsom) and Philip Somerville (Goodwin Group).  

The growth in property management across New Zealand continues unabated.  The Ray White Group increased its portfolio by 9% during the past 12 months. The Ray White Group has a focus on developing systems and processes for their members which enables communication at a superior level, real time marketing and online reporting. Celia Burbery, NZ Business Development Executive – Property Management, said that continuing to strive to new levels of service was of the upmost importance to the Group.  “Our continued skill development programmes are a testament to that. Our award winners who are recognised in the area of property management were acknowledged because of their outstanding service, amongst other criteria.”

The Ray White Group has 183 property managers who work through the 136 office network of the Group.

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Ray White City Apartments have been the undisputed leader in the CBD residential field for three years.  They maintain a consistent market share of 25% to 30% in apartment sales and have just over 700 properties under management with Chas Wilson Rentals.

This week we are pleased to announce a significant merger which will further enhance the market share of Ray White City Apartments.  The long established agency of Roebucks has merged their sales division with Ray White City Apartments.  This will grow the overall sales team to 41 and increase the current listing portfolio of Ray White City Apartments.   Ray White City Apartments and Roebucks will continue to operate their property management businesses as they do today, with the only change in the property management being the branding.

The current premises of Roebucks will continue to be utilised by both companies, however it will be re-branded in the Ray White livery.

Principal Officer of Roebucks, Brad Roebuck, said “The merger of our sales division with Ray White will ensure that the market share that Roebucks had successfully built up over the past three years is enhanced.”  He went on to say that “Roebucks have a strong integrated business and with that we have built have a database which when applied to the Ray White systems will maximise its outcome.  The property management of Roebucks will remain as an independent business providing the same personalised service but we will have the border reach of Ray White for our property management business.”

Phil Horrobin, co-owner of Ray White City Apartments, said that the merger was fantastic news. “We have strived to position our business as a market leader in the area of city apartments and having the Roebucks team join, along with a number of other successful salespeople who have recently joined, will give us that lift in market share and ultimately provide a stronger presence in the area of city apartments. The new Britomart based office will allow a further 12 salespeople to become part of our team and that will give us over 40 salespeople together with a strong property management base.”

Carey Smith, New Zealand Chief Executive of Ray White, said that Ray White has always had a strong presence in city apartments.   “The merger with Roebucks is significant and will allow further growth to take place in the sales area while giving property management a boost with the presence of the Roebucks portfolio.  Ray White City Apartments is one of the top offices for Ray White in sales and this growth will see them move to the top office in their core trade area.”

For further information in regards to the merger please contact Phil Horrobin on 021 924 300 or through their website www.rwcityapartments.co.nz

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The Ray White Group is pleased to acknowledge the renewal of the franchise agreement with Ted Ingram, the owner of Ray White Papakura.  The office first became a member of Ray White through the transition period of United Realty to Ray White in 1997. The business grew market share steadily and in November 2005 Ted Ingram, who was a member of the Harcourts Group, purchased the office and since that time the market share has grown consistently.

In re-committing to the Ray White Group, Ted Ingram said that his business being partnered with Ray White is a natural choice. He said “The focus on auctions, technology and growth is a continued part of our business model and with Ray White leading the field in these areas, our business remains strong.  The other area that we are developing is our property management and we wish to continue to grow this during 2011.”  Carey Smith, Chief Executive for the Group, made comment that “The Papakura office is one of our best in the country and is well led by business owner Ted Ingram.”  He went on to say that the growth plans Ted has for the office will see the business continue to be the market leader in the area.

The Papakura office has approximately 20 on staff, including sales, property management and administration.  Please see the website for the Ray White Papakura team.

REINZ  held their national ‘Property Managament Conference and awards’ evening recently in Wellington with the ‘Agency of the Year’  Award being won by our very own Pat and Mary Taylor,  Ray White Epsom, Auckland.   Mary manages this outstanding property management office and credits part of this achievement to having lots fun at work which creates a healthy learning environment.   Of course they do a lot of things right as well as having fun, with landlord communication high on their priority list and use a variety  of resources to meet this need.

Mary is proud to run a ‘tribal’ style office culture which is  inclusive of all team members as they work in unison to achieve best results for their landlords. The team is diverse ranging in ages from 22 through to 50ish and ranging in cultures from England, Ireland, America, Hong Kong and China.

Pat has always been a strong  advocate for property management  and is proud to be a foundation member of the Ray White Real Estate Group.    Mary is well known for your passion, commitment, knowledge and humility and yet is always willing to offer assistance to anyone seeking her counsel.    Congratulations on this outstanding effort to Pat and Mary and the whole team including  property managers Martin Donnelly, Ali Herter, Amanda Greenwood,  Holly Thorburn, Adella Hu and Elaine Harrison and ever important support from Harry Gedye-High and Vincent Chan,  all proud to be Ray White top achievers.

The Ray White Group is proud to announce the 2010 Wealth Conference, which enters its third cycle primarily focused on the growth of property management. The overall focus of the Wealth Conference is how our members can reach new heights in knowledge, service and technology. For many of our offices the recent business planning and growth phase has been exceptional in positioning each of these businesses to take advantage of the overall benefits that property management brings to a real estate agency.

The agenda has eight keynote speakers and at the end of the two days the group will be presented with a national marketing programme for our network.  It is the Ray White Group’s goal for every office to have a clear plan of action for 2011 and to help use the resources that are available across our group.  The Wealth Conference will be held on 21^st and 22^nd November 2010 at the Royal Pines Resort on the Gold Coast.  Please see the attached conference agenda and highlights. Registrations can be made through propertymanagement.channel5.raywhite.com.

Please see the Ray White NZ Company update looking at the results in August and upcoming outlook for September.

Ray White is pleased to confirm the re-commitment of Joe and Diane Voordouw with their business at Te Atatu.  The partnership between the Voordouw’s and Ray White is now in its 11^th year.  Initially when they purchased the business it was as part of a complete re-structure of the West Auckland business for the Ray White Group.  During the past 10 years the office at Te Atatu has steadily grown its market share to be considered a market leader.  Diane Voordouw commented that when they made the move to Ray White their ability to attract sales staff increased significantly and in 2005 “it gave us the confidence to move to new premises in Te Atatu Peninsula.  In addition to this we have also built a strong rent roll which has become an important part of the services that we offer.”  

The Te Atatu office ranks in the top 20 businesses for the Group in New Zealand and has a market share of 23% within their trade area.  Carey Smith made comment “The Te Atatu business has continued to develop its market share of sales through continued innovation and embracing Ray White marketing strategies. The West Auckland area has seen substantive growth for the group and Joe and Diane Voordouw have been an integral part of that growth over the past decade.” 

The Ray White Te Atatu office is located on Rhone Avenue in Te Atatu.

The Ray White Group saw a reduced number of sales for May 2010 of 18% in comparison to the May results in 2009.  In comparison to last month, property sales fell by 9%. 

The top office for the month was Manukau  who completed close to $20 million in sales turnover and listed over 160 properties for the month. Ponsonby were No 2 with Remuera, Albany and Howick featuring as National Top 5 businesses.  Offices that achieved the highest zone area increase included Mangawhai, Hamilton City, Palmerston North, Motueka, Christchurch Commercial and Queenstown. Our marketing presence increased by 18% and this is measured on the overall presence in key media throughout New Zealand. 

The lower volume of sales is attributed to the budget announcement and a general lack of confidence in the investment sector of property. The results in the listing stock saw an increase from 12 months ago of 18%  and ahead by 3% on April 2010.  The number of new listings linked to the lower level of sales volume continues to show a consistent market for buyers and for sellers.  Days on Market are expected to increase while available proeprty levels grow. The Ray White Group results were better than the industry with reporting from realestate.co.nz which has shows in their Property Report for May 2010 that listings fell by 4% to 11,733 from last month and from the same time last year increased by 17%.

The Ray White Group in New Zealand has had 3 new offices opened during the past month. The new offices are Wanganui and Kapiti in the Lower North Island with Sandringham opening in Auckland. The Group now has 134 Offices with 1408 Salespeople and 184 Property Managers.