Archive for the ‘Property Management’ Category

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.

The Ray White Group in New Zealand is pleased to announce the opening of their 134^th office in Sandringham.  The office forms part of the Goodwin Group, who now has five offices with Ray White throughout the inner western suburbs of Auckland.  Ashley Goodwin, Principal Officer of Goodwin Realty, said “The opening was part of their strategic plan for growth and that the office is a natural extension of their market leading and long established Mt Albert business.” He went on to say “It also provides the ability for the business to have a longer reach as the Sandringham area continues to grow in popularity for sales and rental property.”  To read the full story please click here

As an industry leader in property management throughout New Zealand, Ray White are seeking an individual who has extensive knowledge and understanding of property management.  The position will align with our ambition to grow our property management business through our 132 franchised offices in New Zealand.  For more information regarding this position please see the advertisement which will be appearing in the REINZ magazine on 1st May.   For other positions available with the Ray White Group please see the Opportunities page

The Ray White group in New Zealand are one of the largest managers of property for landlords in the country with over 12,300 properties managed throughout the group we are proud of our continued development of our property management team. 

As part of our ongoing qualitative based training our property management team came together in Auckland at Cornwall Park just on 80 managers attending.  The day seminar which looked at a number of key areas in property management which included service levels to landlords and tenants, how to management relationships, and also understanding the balance between the requirements of our landlords and the needs of our tenants. 

In addition to this, our team looked at marketing to ensure the continued low vacancy rates of our landlords.  We looked at the integration of internet advertising and Ray White’s association with Trade Me and how that has continued to increase enquiry rates for our landlords.  Our service also continues to broaden with our property managers providing wealth creation plans together with property appraisals and loan assessments.  This provides to our landlords an overall service level that is unmatched in the industry.  Ray White New Zealand offices have experienced continued growth in the property management division and this has been put down to the continued training and development while providing the highest quality service.

With property management now not being regulated it is seen to be more important for landlords who they choose to manage their property and also their rental income.  Ray White are developing policies which will provide security within an integrated system through our agency practice.  The Ray White group plans to release these details over the next quarter which will provide further confidence for our current landlords while providing a clear choice option for new landlords.