Archive for the ‘real estate comments’ Category
Kawarau River Station near Queenstown is on the market for only the second time in its history. The high-country station at the foot of The Remarkables mountain range has 14 kilometres of riverfront land.
Real estate agent Bas Smith, of Ray White Queenstown, said the station spanned 1826 hectares and its sale offered a rare opportunity. ”The west end of the property is located across the river from Remarkables Park town centre and the farm encompasses the majority of the northern slopes of The Remarkables.
“It’s entirely north-facing ensuring year-round solar advantage. This, accompanied by the huge water resource, makes for a very attractive proposition. It really is one of the last blocks of land of this nature available so close to Queenstown.”
The station’s history stretches back to the settler era when it was used as the main route to Queenstown. It has legal vehicle access and an internal road, although access through the farm remains at the discretion of the owner. Historically known as Cone Peak Station, the property boasts an array of natural features, including Rastus Burn and Owens Creek. ”Kawarau River Station is a profitable working farm with well fenced flats and river terraces grazing cattle and a red deer stud. ”It has the potential to return to farming 2000-plus merino sheep once the current breathing period for the high country to regenerate is complete.”
The station has a three-bedroom farm manager’s house near Gibbston, a woolshed, deer and cattle yards and hay shed. The historical Morven Ferry Hotel, the base for many a weary traveller, was also on the property.
The Ray White Group in New Zealand is pleased to report that sales for the month of October 2013 increased by 18% in comparison to October 2012. The completed sales numbers saw the company in total transact over $500 million in released sales at an average sale price of $489,233 with 1303 numbers of sales (including conjunction sales).
The Auckland market lifted considerably in volume to see a 15% increase to $345 million in sales, with the top three offices reporting record sales. The Northland region also showed an increase of 12%, with Ray White Whangarei reporting a personal best result of over $10 million in sales. The Central and Lower North Island remained consistent, while the Upper South Island and Christchurch showed sales increases of 15%, with the Lower South Island increasing total turnover by 16%.
The top five offices across the country was led by Ray White Remuera who completed $27 million in sales and were appointed to 25 auctions and a total of 45 controlled listings during the month. Ray White City Apartments, who were appointed to 66 new listings for October, completed 80 released sales. Ray White Ponsonby had another outstanding month with just on $22 million in sales. Both Ray White Howick and Ray White Royal Oak completed an excellent month with sales close to $20 million in total turnover.
The Lower South Island saw Ray White Dunedin complete over $9 million to lead the zone. Ray White Wanaka and Ray White Invercargill together with Ray White Oamaru had very good sales months. The Christchurch area saw Ray White Metro as the number one sales office in the zone. Ray White Rolleston completed $17.5 million in property sales, with Ray White Ashburton recording a personal best result of $6.2 million. The Upper South Island saw Ray White Richmond completing $9.5 million in property sales. Ray White Nelson and Ray White Greymouth also had a good sales month.
In the Lower North Island, Ray White Wanganui was the leading Ray White business, with Ray White Palmerston North and Ray White Lower Hutt both making sales of $4.5 million. Ray White Hamilton, who featured in the top 10 Ray White offices, completed $11 million in sales. Ray White Papamoa, Ray White Rotorua and Ray White Te Awamutu all sold above $5 million in released sales.
The Northland market saw the Ray White Whangarei office feature in the top 10 with $10.7 million in sales. The Ray White Mangawhai and Ray White Paihia offices both registered $2.5 million in property sales.
Ray White Auckland Commercial was the leading sales office for commercial property, with $11.5 million in commercial sales.
The total listings available through Ray White at the end of October were made up of 6,992 residential properties, just over 1,500 commercial properties, with rural and lifestyle listings being 1,150. In total, the Group has just under 9,700 properties available. The group recorded a significant rise in new property appointments for October. The total unconditional sales through the 135 Ray White offices was 1,303 with an average sale price of $489,233, which was an increase of 3% on last month’s sale price and an 8% lift on the average sale price 12 months ago. The average days on market calculated during the month of October based on the unconditional sales date was 39 and that included all property sales. The average days on market for the Auckland area totalled 29. Both calculations for days on market have reduced by two days.
The overall observations from the property sales in October saw an increase in sales occur between $450,000 and $850,000. This gave an effect of property sales being more geographically spread across New Zealand and this was also the case in Canterbury and Auckland. The South West corridor of Canterbury saw a notable increase in property sales, while the South Eastern corridor in Auckland was where there was an increase in property sales activity.
Ray White conducts property sales through 135 locally based community offices, with 125 offices providing full property agency services, with ten offices offering specific services relating to property management or commercial property.
During October the group welcomed 2 additional offices in Auckland being Kelston and Millwater.
Tom Hendriks, agent licensee and owner of Ray White Glen Eden, has recommitted to the Ray White Group for a further term. Ray White Glen Eden commenced in 2003 and has grown to be the leading agency through the area and has received numerous awards for their achievements in customer service and sales.
Tom Hendriks started his real estate career in West Auckland just over 20 years ago and he has maintained a high level of performance, consistently achieving the highest level of sales recognition in the Ray White Group, being the Elite status. Tom is also a recognised auctioneer and has achieved many sales through the auction method of marketing.
Tom said “That in celebrating their 10 years the office has continued with the original values of being part of the community, not only listing and selling homes but also having a strong community involvement programme through Ronald McDonald House and locally in Glen Eden through the bowling club, Glenora Bears Rugby League Club and the Hospice West.”
Graeme Fraser, Auckland Business Performance Manager for Ray White, said “Ray White Glen Eden has an impressive track record of success and the office has consistently been a top performer in the Ray White Group.”
Ray White Glen Eden provides services in residential and commercial sales together with property management and financial services through Loan Market. For more information on Ray White Glen Eden please click here.
Ray White Paihia is part of Dianne Quinn Real Estate group of offices located in Paihia, Kaikohe and Kawakawa. The experienced team are the market leaders through this region and since joining Ray White just over 18 months ago, the business has continued with a high level of success built on strong client relationships and ability to achieve sales results.
Richard Quinn, who is the operations manager of Dianne Quinn Real Estate, said “We have had ongoing success through the markets in which we list and sell property due to our focus on customer service and our ability to market property through the Ray White technology platform, which has given us a distinct edge. In more recent times Ray White has released their Know How campaign and we have applied this campaign not only through our market knowledge but also on the streets of the Bay of Islands through our distinctive Ray White vehicles. We have had many positive comments about our branding and we are very proud to be part of the Ray White Group.”
Graeme Fraser, Auckland and Northland Business Performance Manager for Ray White, said that the Ray White Bay of Islands team are very successful and have a market leading position. They provide services in the area of sales, property management and more recently have been involved in rural sales. Dianne Quinn Real Estate has always had a strong market presence and this has grown with the support of Ray White, particularly through the area of print media and online marketing.”
For further information on Ray White Dianne Quinn Real Estate please click here.
Just over 12 months ago four partners, being Anna Brewster, Dean Orton, Fiona Reid and Rachel Walsh, joined together to open a new Ray White office in Wanaka in the Southern Lakes region. During the past 12 months the office has welcomed four additional sales people and has grown a significant market presence during this short period.
Anna Brewster, who is the licensee agent of Wanaka Real Estate Limited, said that the business has succeeded in many areas during the first 12 months. “Our particular plan to build a high standard of customer service continues to be a major part of our success. Our business continues to grow and we are fortunate to be able to have a great level of support from many home owners.”
Dean Orton, who is the business manager of Wanaka Real Estate, said “The first 12 months have been exciting for the company. Part of our plan had been to move our premises to a significant location after our start up and our new premises in Helwick Street reflects our direction of being a company that is inviting and is driven by customer service together with a high level of results.”
Julie Ryan, South Island Performance Manager for Ray White New Zealand, said “The new office is a direct reflection of the success that has already been achieved by the entire team at Ray White Wanaka. The office is in a spectacular location just off Ardmore Street, displays property supported by the latest technology and is welcoming for both the team and also potential clients and customers.”
Ray White Wanaka have in excess of 100 properties available on their local website www.rwwanaka.co.nz and the team is able to assist with all the latest market information and also provide knowledge and expertise around buying and selling property.
Please click here to see the Ray White Wanaka website.
The Ray White Group has continued to achieve a high level of sales for the month of August 2013. The sales released were 9% ahead of the same time last year; however they reduced by 8% on last month’s sales. The total number of properties settled through our member network for August was 1,137.
Carey Smith, NZ Chief Executive of Ray White, said that “The continuing low interest rates is providing confidence in the market. The slight increase in stock levels will allow purchasers more choice and coming into the spring period, the availability of property for sale is expected to lift.”
The Ray White Group listed a total of 2,181 properties which lifted from last month by 7%. The total properties available through the company increased very slightly by 1% to 8,566. The total number of auctions completed was 418, which continue to have the highest success rate of any method of sale offered by the group.
The top five businesses throughout New Zealand completed a record level of turnover, with the number one office being Ray White Remuera, who settled just under $40 million in sales. Ray White City Apartments completed 97 sales at number two. Ray White Ponsonby again had a successful month, with $27 million in total value of sales. Ray White Hamilton was number four and Ray White Howick completed a high number of property sales to be number five in the group.
Other offices to lead their respective zones included Ray White Whangarei in Northland and Ray White Wanganui in the Lower North Island. Ray White Richmond completed $12.3 million in sales led the Upper South zone. The Canterbury zone was led by Ray White Full Circle; while Ray White Dunedin was the top office in the Lower South zone. Other offices with high levels of performance during August included Ray White Te Atatu, Ray White Te Awamutu, Ray White Prier Manson.
The Ray White Group has a new office at Millwater on the far North Shore opening during the month of September.
Ray White New Zealand has recorded an increase of 15% for sales for June 2013 in comparison to 12 months ago. The sales turnover for June was less than the May total value of sales and decreased by 15%.
Ray White New Zealand Chief Executive, Carey Smith, said “Sales for June continue to surge on the back of confidence from buyers, with interest rate stability and the number of new properties which have been available for purchasers consideration. Our group has also welcomed three new offices during the past month. It is expected that the sales numbers will continue at a high level with the economy showing signs of improvement and also the recent statistical evidence of the number of first home buyers utilising the Kiwi Saver incentives for the purchase of property.”
Overall the company completed $469 million of released sales in the month of June. There was a decrease in the number of properties listed by Ray White members on last month down by 8% being 2,004 with 21% of those being marketed by auction.
The top five businesses in the group included number 1 being Ray White City Apartments who recorded 89 sales for the month; number two was Ray White Remuera who a completed record sales for the quarter in excess of $85 million in turnover; Ray White Central Auckland Commercial achieved another successful sales month completing $26.3 million; Ray White Ponsonby were fourth nationally; with Ray White Metro in Christchurch, who also led their local zone, ranked as the number five office in New Zealand.
In the Northland region Ray White Whangarei completed another outstanding month. In Auckland other leading businesses included Ray White Royal Oak, Ray White Howick, Ray White Half Moon Bay who all finished in the top 10 businesses across New Zealand. Ray White Papamoa were the top business in the Central North Island. Ray White Wanganui completed another successful sales month and were the leading business in the Lower North Island. Ray White Richmond were the top Upper South Island business. Ray White Metro, Ray White Rolleston and Ray White Full Circle were the top businesses in the Canterbury region. Ray White Wanaka completed personal best sales to be the number one office in the Lower South Island.
Ray White New Zealand has further grown during the month of June with new offices opening in on the North Shore in Forrest Hill and Manly. The group will be opening a further new office on 4th July in Sandringham.
The Ray White Northland team recently came together at the Ray White Whangarei office to celebrate their first quarter awards. The day started with a sales question and answer session with Toni Sherwood, who is the leading Ray White salesperson in the Northland area. Toni spoke of her success in the area of referrals and high profile marketing through her auction campaigns. Zone chairperson Gary Steed, said that Toni’s session was one of the best the Northland group had seen and it was very inspiring to hear from a salesperson who is achieving such high results in her real estate career.
The awards followed Toni’s presentation and Carey Smith presented the leading businesses and salespeople with their awards. The Northland region has had the highest growth for the company. With 13 offices across the region, Ray White now has a market share of 32%. Ray White Whangarei was the leading office in sales turnover and business growth while Toni Sherwood was the leading salesperson in turnover and Kelly Sackfield from Ray White Bream Bay was acknowledged as the leading salesperson for business growth. Aaron Ratcliffe was recognised as a 2013 Premier member and he joins several other Premier members in the Northland region.
Carey Smith, Chief Executive of Ray White New Zealand, said the Northland region had had continuous growth in the last two years, with seven new offices introduced to the region including Ray White Bream Bay, Ray White Tutukaka, Ray White Whangarei, Ray White Paihia, Ray White Kaikohe, Ray White Kawakawa and Ray White Dargaville.
The market share for the area has tripled and sees the Ray White Group selling close to one in three properties through the region.
The sun shone at 1.30pm on Sunday 26th May, as a crowd gathered at 16 Lunn Ave Mt Wellington to witness Hayden Broadbelt, Owner and Auctioneer of the Ray White Stonefeilds office place this much loved residential home on the market.
The solid three bedroom Huntly brick & tile house was built by the occupying owner, 60 years ago! Somewhat of a celebrity in the neighbourhood, Mr Grbin was well known for the care and attention he placed on keeping his property immaculate; not a blade of grass appeared to ever be out of line.
The section at 16 Lunn Ave is 809m2, zoned Res 6a with the potential to subdivide. You can imagine the interest this property stirred up.
Elaine Lethbridge and Peter Blackler of Ray White Stonefields, on Lunn Ave; the team who marketed the property across the four week campaign said this morning “In 27 years of Real Estate, whilst the market is bouyant, we have never had to work so hard. The level of interest was so high that to service every single interested buyer and to keep the Vendors up to date created a workload like no other”.
That hard work certainly paid off! The Auction kicked off without too much hesitation with a bidder offering $500,000 to start. There were very quickly about six active bidders with the property soon knocking on the high $700,000’s mark, and then Hayden Broadbelt, the Auctioneer really went to work! With a phone bidder and still two active bidders on site the price climbed in $1,000 and $2,000 increments to the mid $800′s. The phone bidder dropped out and Hayden called the magic number of $888,000 as things slowed, just when we thought that might be it, the battle began and did not stop between two very serious parties – until finally the call was made and 16 Lunn Ave was Sold under the hammer for $908,000.
The majority of the crowd stood shaking their heads in amazement through the final stages whilst the Grbin family sat inside sharing mixed emotions of laughter and tears as the realisation a family tenure was most definitely coming to an end.
“I always thought there was an eight in it” said Broadbelt “but to push over $900,000 is great news for Mr Grbin and his family, just great!”