Posts Tagged ‘Ray White Grey Lynn’
Ray White are pleased to announce the agreement to a further extended term by one of New Zealand’s leading real estate businesses being Damerell Earwaker Group Limited with offices in Ponsonby, Grey Lynn and Pt Chevalier.
The Damerell Earwaker Group was originally formed through partners Bryce Earwaker and Simon Damerell. In more recent times Gower Buchanan has taken business ownership through an increased shareholding and the directors are now Simon Damerell and Gower Buchanan.
The Ponsonby office has been one of the true heroes of Ray White New Zealand. Since 1996 the office has turned over in excess of $3 billion worth of property sales through their trade areas and held a consistent market share of over 30% in Grey Lynn and Ponsonby and upwards of 40% in Herne Bay, St Marys Bay and Freemans Bay.
Simon Damerell said that the enduring success of the office has been its total commitment on delivering service under the headline banner of ‘We Get You More’. “We have used this bi-line as a positional statement that allows our staff to deliver service and to have a view back on our ability to always deliver more in the context of service, results and outcome to all stakeholders within our business.” He went on to say “The Damerell Earwaker Group continues to enjoy a high level of success with Ray White and that the Group values align with that of Damerell Earwaker and this allows our business to continue as one of the most successful in agency today.”
Gower Buchanan said that the sales team of the Damerell Earwaker Group are recognised as one of the most successful in the industry. “During the past number of years we have concentrated on our ability to positively market property through online portals, media and also a specific focus on community relationships. Our team quarterly distribute our suburb-by-suburb market update and this has aligned our business to providing information that allows both buyers and sellers to have a greater knowledge of our area when they are considering options in real estate.”
Carey Smith, Chief Executive of Ray White New Zealand, said “The Damerell Earwaker Group is one of the most successful in Ray White. We are proud to recognise the contribution of Bryce Earwaker, Simon Damerell and Gower Buchanan who have taken their business to the leadership position it is in today. Both Simon and Gower are now taking the business forward and it has never been better positioned for success in the areas that they trade.”
The Ray White Damerell Earwaker Group operate offices in Ponsonby, Grey Lynn and Pt Chevalier and are now transitioning their property management business to become part of Ray White through head property manager Martin Donnolly.
The Ray White NZ Group in 2012 has continued its record path of growth, welcoming 17 new offices throughout New Zealand, to see the Group grow to 135 offices nationally with just over 1,450 salespeople and 190 property managers.
The year started off by welcoming our new Rotorua office which was the previous independent agency of Coopers. In Northland the Group welcomed offices from Kaikohe, Kawakawa and Paihia who were previously members of The Professionals. Auckland has seen the Group’s biggest expansion for several years welcoming offices in Upland Road, Remuera; Grey Lynn; Broadway; New Lynn; Papatoetoe and also soon Mission Bay. In the Lower North Island we welcomed offices in Lower Hutt, Upper Hutt and Newlands while in the South Island, Bishopdale; Wanaka and Te Anau joined our group.
Carey Smith, New Zealand Chief Executive, said that the industry is clearly polarising at all levels, including agency and salespeople. “The demands within the industry require that franchisor companies are providing their business owners with extraordinary value. In doing so, ensuring that their businesses are structured with process that allow those business owners to deliver exceptional value to their salespeople and in turn through to clients. An increasing part of agency includes property management and Ray White continues to supply dedicated resources to their members in this important growth area of the business.”
Graeme Fraser, Auckland Business Performance Manager, said “Our market share in Auckland has continued to grow with 2012 hitting new heights of 22.3%. With five new offices in Auckland the reach of our brand continues to increase. Our salespeople numbers have also hit a new high as our businesses attract some of the very best in our industry. Our growth plans for Auckland will continue into 2013 and we are looking to open further businesses in strategic locations that are able to have capacity for a Ray White agency.”
Sarah Pearce, New Zealand Growth Executive, said “This year has been an outstanding year for new members joining Ray White. As a company we have excellent resources, including Mark McLeod for our business owner mentoring programmes and also industry leading technology which is one of the key reasons why our business in New Zealand is such a talking point. In looking after the Ray White Growth I am excited about our ongoing plans for 2013 which will build on the back of our record growth this year.”
The Ray White Group experienced a high volume of sales for September 2012, being 36% ahead of September 2011 trading. The results, however, were 11% less than the previous month, being August 2012.
The results for the month were a direct reflection of continued buyer confidence in the market, linked with this is continuing low interest rates. A factor in the high sales numbers continues to be the movement of people from the Christchurch region relocating within Canterbury and throughout New Zealand.
Our year to date sales are up 41% and this is a combination of growth by the Ray White network, with an additional 15 offices, and a higher productivity level by our members. Overall listings for the month increased by 6%, with auctions continuing their upward trend. The top office for the month was Ray White Ellerslie, who completed 40 sales and achieved a record result for their office. Ray White Remuera was the number two office in New Zealand with $16.5 million in trading. Ray White City Apartments again had a successful month and were recognised as the number three office. Ray White Ponsonby also featured as a top business, completing $15 million in sales. Ray White Howick came in at number five in the Group having a very strong individual month.
In the Northland region the top office was Ray White Whangarei, with Ray White Kaitaia and Ray White Mangonui reporting good results. This region is up substantially due to the growth in the Ray White network and also several market leading offices. In Auckland other offices that recorded strong results included Ray White Royal Oak, Ray White Mt Albert, Ray White Half Moon Bay and Ray White Auckland Central Commercial. Controlled listings were up by 26% and overall trading increased by 16%. The Central North Island saw Ray White Hamilton and Ray White Te Awamutu both complete more than $7 million in sales. Ray White Papamoa and Ray White Whangamata also traded well above average. Ray White Wanganui was the top business in the Lower North Island. The Upper South Island saw Ray White Richmond and Ray White Nelson complete a high volume sales month. The Canterbury market showed an overall increase of 22%. The top offices included Ray White Metro, Ray White Lincoln and Ray White Full Circle. The Lower South Island again showed another month of positive sales, with the top office being Ray White Invercargill with Ray White Dunedin, Ray White Balclutha and Ray White Arrowtown showing above average results.
The Ray White Group completed close to $½ billion in property sales for the month of August. This showed an increase of 34% ahead of the same time last year and was 5% up on July 2012. The continuing lift in sales is attributed to the continued repositioning of Canterbury property owners; the consistently lower interest rates as well as the limited number of properties currently available to buyers in the market.
The Auckland zone was again up 36% and this region has shown positive increases every month during 2012. It is the first month listings have positively increased, up by 22% on last month. In Northland the Ray White market share continues to increase, with turnover up by over 100% due to the growth in the Ray White office numbers.The Central North Island region showed a strong increase in auction and controlled listing numbers and turnover was up just over 100%. The Lower North Island showed an increase of 80% with listing stock remaining relatively flat. The Upper South Island decreased in turnover by 9% and this was attributed to the relative lack of stock coming onto the market in this area. The Canterbury region was up by 12% with good listing numbers coming through. The Lower South Island also showed a 54% increase which resulted in listing stock also increasing.
The top five offices for Ray White nationally were Ray White City Apartments who completed over 70 property sales and listed 102 properties. They were also appointed to the release of SugarTree which has over 500 apartments. The Ray White Ponsonby office were number two, completing $20 million in property sales. The Ray White Ellerslie office had an outstanding month, listing 49 properties and completing 34 sales. Ray White Metro in Christchurch unconditionally sold $10.5 million in property; with Ray White Pinehill completing 35 sales for $11 million in turnover.
In Northland, Ray White Whangarei was the top office. In Auckland, other offices outside the top five to feature were Ray White Mt Eden, Ray White Mt Albert and Ray White Royal Oak. The Central North Island had Ray White Hamilton as the top zone office; Ray White Papamoa and Ray White Mill Street in Hamilton also had a good month. Ray White Wellington City and Ray White Palmerston North achieved good sales results in the Lower North Island. In the Upper South Island Ray White Richmond sold close to $8 million in properties. The Canterbury region saw Ray White Metro, Ray White Rolleston, and Ray White Unlimited all complete sales above $7 million. In the Lower South, Ray White Invercargill, Ray White Dunedin, Ray White Queenstown and Ray White Arrowtown showed good results.
Overall the property market in New Zealand will continue to gather momentum as more properties come onto the market through the Ray White Group. The Ray White results reflect market conditions and they also reflect the growth of the Ray White Group, with new offices opening during August in Wanaka, Newlands, Grey Lynn and Broadway.
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.