Latest Market Statistics
Read Now
Up to Date

News

  • New Zealand’s cash rate pause

    Vanessa RaderHead of ResearchRay White Group The Reserve Bank of New Zealand (RBNZ) has maintained its Official Cash Rate at 5.50 per cent, signalling a pause in its monetary tightening cycle. This decision reflects the central bank’s careful balancing act....

    Read Full Post

  • Surge of stock sees more options for buyers

    Ray White New Zealand scheduled 163 auctions last week, up 4.5 per cent year-on-year, with a clearance rate of 42.3 per cent. The group recorded an average of two registered bidders and 1.8 active bidders per auction. Properties which sold....

    Read Full Post

  • Megan Jaffe to revitalise Ray White Ponsonby legacy

    Renowned owner of Ray White Remuera, Megan Jaffe, and her business partner Thomas Farmer, have taken the next step in their real estate journey, opening Ray White Ponsonby. With Ray White Remuera being Ray White’s number one office internationally for....

    Read Full Post

  • Where are the most affordable suburbs for renters?

    Atom Go TianSenior Data Analyst Ray White Group Firstly, what is “affordable?” According to Stats NZ, average weekly earnings as of June 2023 was $1,273 per week, a 25.3 per cent increase from five years ago. During the same period, rents....

    Read Full Post

  • Long weekend didn’t hold back auction volumes

    Ray White New Zealand scheduled 148 auctions to go under the hammer last week, up 8 per cent year-on-year. The network recorded a clearance rate of 41.7 per cent, with an average of 2.1 registered bidders and 1.8 active bidders....

    Read Full Post

  • Business leaders prepare to unlock growth opportunity 

    Ray White New Zealand’s 2024 Business Owners Symposium saw 175 Ray White business owners, next leaders and key partners from across the country come together in Christchurch for two action packed days of learning and development. The crowd heard from....

    Read Full Post

  • Buyers continue to benefit from choice at auction

    Ray White New Zealand scheduled 128 auctions last week, up 34.7 per cent year-on-year, with a 43.8 per cent clearance rate. The network recorded an average of 1.8 registered bidders and 1.5 active bidders per auction. Auctions continue to provide....

    Read Full Post

  • Winter won’t slow down auction volumes

    Auction volumes continue to be up on last year as we head into winter. In the first week of June we saw Ray White New Zealand schedule 161 properties to go under the hammer, up 59.4 per cent year-on-year. The....

    Read Full Post

  • Get your rental standing out with quality photos!

    In this increasingly competitive rental property market, it’s essential to raise the bar on your marketing. One of the most effective ways to achieve this is by showcasing your property via stunning photography. Here’s a few tips (that won’t cost the bank) to get you started! Time of the day … Read more

    Read Full Post

  • Is your property compliant with the Healthy Homes Standards?

    The Healthy Homes Standards (HHS) became law on 1 July 2019 and comprise of a set of standards for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties. The Government recently announced a deadline extension to the HHS. What does this mean for property owners that are … Read more

    Read Full Post

  • Can landlords and tenants collaborate on gardening?

    Garden care can be a contentious subject for landlords and tenants. With each party often renouncing their responsibilities resulting in unkept gardens. What if there was a way to progressively bridge this eternal conflict. First let’s cover why there should be an effort to establish and maintain a garden. … Read more

    Read Full Post

  • Home resale profits predicted to start declining

    Experts say house resale gains will slowly curtail as prices start to drop, while Christchurch numbers buck the trend. Pain or gain in New Zealand real estate sales? Kelvin Davidson, CoreLogic NZ’s chief property economist, predicts change is coming despite “no dramatic shifts” shown in their most recent pain … Read more

    Read Full Post

  • Green Party Calls for Rent Controls in Open Letter to Ardern

    The Green Party’s support of kiwi renters was bolstered when they published an open letter to Prime Minister Jacinda Ardern calling for an immediate rent freeze until stronger rent controls are put in place. What did the Green Party’s rent control letter say? In their open letter … Read more

    Read Full Post

  • Changes to Healthy Homes Standards

    In December 2021, the government announced it would be making updates to the healthy homes standards (HHS) based on feedback received from the rental sector. The changes should come into effect by May 2022 and relate mostly to new homes built to relevant 2008 building code requirements. … Read more

    Read Full Post

  • Property Managers to be regulated under government proposal

    In February, the government released a discussion document proposing residential rental property managers comply with a code of compliance and adhere to an annual licensing scheme to help protect tenants and landlords. What is included in the proposal? Property managers looking after residential tenancies on behalf of landlords … Read more

    Read Full Post

  • The Value of an Experienced Property Manager

    In a previous post we covered whether paying property management fees is worth it, covering key benefits of professional property management services and the reality of forgoing these to do the job yourself. This month we’re looking at how a good Christchurch property manager can add value for both … Read more

    Read Full Post

  • Is your rental property an unlawful dwelling?

    Unlawful dwellings are a very serious issue for both landlords and tenants — landlords can face serious fines and loss of rental income, while tenants may be living in an unsafe environment. What is an unlawful dwelling? Commonly, unlawful dwellings are secondary dwellings within a residential property that … Read more

    Read Full Post