Posts Tagged ‘ray white NZ’

The first quarter reflected this confidence with 14,500 sales.  Our group market share hit a new high and this set a platform for what we felt was going to be a year that saw the industry return to better times.  In April the Government started to mute on the basis of changes to LAQCs and also personal taxation advantages.  Their dissertation behind this was to make property less friendly and steer people towards personal saving with the benefit of tax deductions and a higher awareness of Kiwi Saver. In the midst of all this came two interest rate increases.  These were minor but enough to move property into an unfriendly position and to again be questioned as to its value from an investor point of view. 

The second quarter plummeted. Sales were almost 30% down on the previous year and close to mirroring the numbers of 2008.  Our group was acclimatised to these conditions, but you got the feeling this was going to set in for some period of time.  In June we had our third interest rate rise which was enough to send the signal to the market that property sales were going to go into hibernation.  Most in the industry understand that to have buyers you need to have sellers.  Sellers come to the market when there is confidence that they can market their property to receive a satisfactory return on the price that they may have originally paid.   The lack of confidence from sellers then began to domino towards the buying market. 

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Kyle Pitman congratulates Ricky Cave

The first Quarterly Awards celebrations since the September 4 earthquake were held this week in Christchurch.

A distinctly different atmosphere from what one would have expected was experienced by all in attendance, and it was a night of celebration and a comfortable collectiveness was felt by all.

Pictured is Ricky Cave, a young man very new to our company. He has excelled early in his new chosen career. Ricky has bought a huge amount of energy into the Canterbury zone and has completely focused on auctions from the start, which has been paramount to his incredible success. The energy in Canterbury is so positive and it is a credit to our business leaders and teams.

Our top sales person for the quarter July – September was accredited to Sarah Booth and Brendan Shefford (Big Red). and the top office for the quarter was Northwood.

A special mention must be made for our Lincoln office, they have defied the odds with the happenings in this region. Lincoln reported a personal best month of just over six million, an amazing result!

The Ray White Remuera office, led by Megan Jaffe, was the number one residential office for the Group in October, turning over in excess of $23 million worth of property sales.

The Remuera office has continued to grow market share throughout their core trade area with a consistently high volume of sales through their sales team.  The average sale price for the Remuera office is just over $2.115 million and this has seen the business increase its overall turnover year to date to be the number two growth office nationally.  Megan Jaffe said “The month was a direct reflection of the increased activity through the marketplace combined with a continued focus on skills within the team.”  She also said that during 2010 the teamwork within the Remuera office had enabled each salesperson to list property with confidence on the basis that they had a strong support network behind them.  She went on to say that marketing has redefined the direction of the office as they continue to be appointed to high profile property listings.

Carey Smith, Chief Executive of the Ray White Group, said “It is pleasing to see the growth of the Remuera office and the market confidence that has been secured by Ray White throughout the area.   The office has maintained a steady growth over the last 12 months and the October results are a direct reflection of the culture and the success within the office.”

The New Zealand Ray White Group for the month of October 2010 saw turnover reduce by 23% on the previous year, with trading at approximately $300 million. Other key indicators saw controlled listing stock up by 13% and auctions increase by 5%; days on market extended to 41 and the current numbers of property on the market increased by 4% to just over 14,500.

Throughout the regions – the Northland zone had a quieter month, with turnover down by half.  Year to date in the Northland area listing stock is up by 8% but turnover is down 15%.  A small decrease in the Auckland region of 7% in comparison to 2009; listing stock was down by 30% and year to date overall turnover is down by 13%.   The Central and Lower North Island had identical numbers, with turnover being down 45% on last year. The controlled stock is 1% up in both areas while auction numbers are down by 5%.  There were mixed results throughout the South Island. The Upper South region recorded a small decrease of 6% in trading however their listing stock was up substantially, almost doubling the numbers that were listed at the same time last year. In Canterbury numbers continued to be affected by the earthquake, with results being down 40% and listing stock reduced by 24%. The Southland region had an increase of over 50% and their controlled listings also increased by 19%.  Across the nation we have 134 offices with 1,282 salespeople.

New offices during the month of October included Ashburton and Methven and in Canterbury Christchurch City Living.

The Ray White Group expects to open its 135th office in Stonefields which is located in the inner-east of Auckland.

We are pleased to announce the cover for our upcoming lift out of the NZ Herald on Sunday edition to be published on Sunday 1st August 2010.

The cover is taken of Mount Ruapehu in the North Island. Please click here to view the cover.

We are pleased to advise the cover of our upcoming lift out of the NZ Herald on Sunday edition to be publish on Sunday the 30th of May 2010.

The cover is taken from Milford Sound in the South Isalnd of New Zealand. Please click here to view the cover.

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.

The Ray White Group has been in continued development of producing information for our own members that allows them to gain insights into the property market that will assist home owners in the marketing of their property. 

The ongoing development of this information has now seen our company being able to produce statistical data that can be directly applied to property in any area across New Zealand.  The grouping of this data includes price banding by percentage, the number of sales occurring in each suburb by sectors, the number of days on market, also the price differential between the listed and selling prices.  These are all important identifiers when you are considering the various concepts of marketing and also the buyer pool. 

Each Ray White office has access to provide this information to you. In our weekly updates we will be providing a suburb overview that gives you an indication of the current activity in various areas across New Zealand. 

This week we look at information coming from the inner west area of Ponsonby.  During 2009 there were 113 house sales with an average price at $957,409 with a further 25 unit sales at an average price of $451,945.  The best time of the year to sell houses is in April and October.  In 2009 the highest level of sales occurred in the price band between $600,000 and $800,000, totalling 44.   Ponsonby is one of the few markets that shows an upward lift in the sale price to the listed price.  This is mainly due to the fact that there is higher buyer competition and that many properties are submitted to the auction concept in this area.  Days on market continue to decrease, with the last quarter of 2009 showing 32 days for houses and 19 days for units. For the full market report on Ponsonby please click here Ponsonby Market Data Report 

For further information regarding this report please contact Ray White Ponsonby on (09) 376 2186 or email Simon Damerell  simon.damerell@raywhite.com 

To request a market review for your area, please leave a comment or contact your local Ray White office.

The Ray White Dunedin and Mosgiel teams have recently found a very good cause to support.  During the Otago Woman’s Expo over the past weekend the Dunedin and Mosgiel Teams utilized their presence to not only promote their services, but also to raise money for Grace Hughes. ABC Photosigns have also assisted by providing some stunning banners to highlight Grace’s story. Grace, for no apparent physical reason has never eaten and has been nil by mouth since she was born. Grace and her family are planning to go to Graz in Austria to visit a specialist hospital that can help children who do not eat. However to do that they need to raise $50,000. Being able to eat would be life changing for Grace and assist her learning and development, particularly her speech. As a baby Grace was fed milk via a nasal tube and had difficulty keeping any liquids down. Grace, after an operation when she was a year old, is now able to receive food via a tube into her stomach. Grace’s story was recently aired on 20/20. You can view the 20/20 story by visiting: tvnz.co.nz/20-20-news/nil-mouth-2840892/video. If you would like to help Grace you could make a donation via: Amazing Grace Medical Fund, National Bank, 06 0901 0396524 00, or contact Craig Latta at Ray White Dunedin 021 771 996.

Herald on Sunday Lift out please click here

The Ray White Group are pleased to present, in conjunction with APN, our 44 page property lift-out that will be appearing in the Herald on Sunday this weekend 1st November 2009. This is the second of our feature lift-outs and has over 100 properties displayed on behalf of our vendor clients throughout New Zealand.  This lift-out also features properties from Vanuatu. 

Alongside the lift-out we present the Ray White e-book which is available for our agency business and their clients to distribute through to databases, family and friends.  Ray White prides itself on its ability to provide innovation in marketing and also to offer value through its various marketing mediums, including media, websites, property signage and our own internal client databases. 

The Herald on Sunday is the leading Sunday media and is distributed throughout the North Island with a readership of over 307,000.  

Our next Herald on Sunday lift-out will be published on 28th November 2009 and would welcome enquiries to be part of this outstanding opportunity.