Ray White Grows on NZ South Island

The Ray White Group in New Zealand has continued its rapid expansion on the South Island with Burdett Real Estate officially becoming a member of the group. Ray White New Zealand General Manager Kyle Pitman said Burdett Real Estate has offices at Ashburton and also at Methven near the Mount Hutt ski resort and is co-owned by local real estate identities Roger Burdett and Mark Williams. “Burdett Real Estate is a highly respected local business and it’s fantastic to have Roger and Mark join the group,” Mr Pitman said. “The addition of offices at Ashburton and Methven will bring the number of the ... read more...

Bruce Whillans Commercial Property New Zealand

New Zealand’s number one commercial real estate specialist Bruce Whillans has joined forces with Ray White Commercial and established a new team for the group in Auckland’s central business district. Known as the billion dollar man of New Zealand commercial property, Mr Whillans has purchased the Auckland regional franchise from Ray White Commercial and will focus on high-end transactions of between $5 million and $50 million. “It is a segment that is usually below the level of interest for the many international real estate firms and is not currently serviced by local agents,” Mr Whillans said. Mr Whillans has sold more than $1 ... read more...

Loan Market New Zealand Broker of the Year

Loan Market mortgage broker Bruce Patten has received the highest honour in the New Zealand mortgage broking industry. Auckland-based Mr Patten took out the 2010 New Zealand Mortgage Brokers’ Association (NZMBA) Broker of the Year award after being a finalist last year. Loan Market Executive Chairman Sam White said Mr Patten has provided outstanding service to the company and achieved great results since joining Loan Market six years ago. “This is a great achievement for Bruce after several fantastic years and is much deserved,” Mr White said. “The top award in the industry for New Zealand recognizes Bruce’s outstanding knowledge and the service he ... read more...

Loan Market Awarded in 2010

Loan Market home finance brokers has recently been named the 3rd best brokerage in Australia by respected industry magazine, The Adviser. The Top 25 Brokerages report ranks the nation’s brokerages based on a robust set of criteria which included loan book size, loan volumes, number of loans written, business growth and broker productivity. Brokerages were then ranked based on a comparative assessment of the key indicators. The 3rd placing follows the recent announcement of Loan Market as a finalist in the prestigious Australian Mortgage Awards, in the category of Brokerage of the Year (>6 Staff). The award winner will ... read more...

Ray White Manukau Business Award Finalist

The Ray White Group’s leading office in New Zealand is a finalist for one of the nation’s most prestigious business awards. Ray White Manukau has been named as a finalist in the Westpac Manukau Business Excellence Awards, which will be announced on September 17. The awards, which are recognised as one of the most prestigious business award programs in New Zealand for small to medium sized enterprises, attracted more than 150 entries. Finalists were recently announced at Villa Maria Winery in Auckland. Ray White Manukau, which trades as Don Ha Real Estate, is one of six finalists for the RSM ... read more...

Ray White Boosts Market Share in New Zealand

The Ray White Group has boosted its market share in New Zealand despite lower sales figures for July in the wake of consecutive monthly increases in official interest rates. Ray White New Zealand CEO Carey Smith said the group’s market share had risen above 15 per cent nationally for the first time, while in Auckland the market share was a record 21.7 per cent. “For the first time we have nudged 15 per cent across New Zealand and we have achieved a record market share in Auckland,” Mr Smith said. He said the results for July were mixed with sales down 22 ... read more...

What Happened to the Markets in June

Interest rates are the Siamese twins to real estate activity. Sooner or later, increasing interest rates are bound to cause purchasers to hold their breath, sit on their hands, and wait for further signs that one should become aggressive in the market. It took four interest rate increases in Australia for this to happen. New Zealand’s first increase was last month. Buyers, in New Zealand, were not as patient, or as confident, as those in Australia and reduced activity occurred immediately. All in all though, the Ray White Group results were quite pleasing at $2.4 billion. This was down 11% ... read more...

Ray White Group Sales Rise 2%

Australasia’s largest real estate group, Ray White, achieved two per cent growth in sales for June, 2010, with total sales of $2.4 billion. Ray White Joint Chairman Brian White said the group had been anxious about its June sales results because of stories of a downturn in buyer interest and reports of reduced bank loan applications. “Yet the month held up remarkably well to total $2.4 billion,” he said. “This was an 11 per cent decline on the previous month but it was two per cent ahead of the same time last year when the boosted First ... read more...

Ray White Prestige Launches in New Zealand

The Ray White Group in New Zealand has launched Ray White Prestige to capitalise on a growth in sales at the top end of the residential property market. Ray White New Zealand CEO Carey Smith said Ray White is the prestige market pacesetter on Australia's eastern seaboard and is looking to dominate the market in New Zealand. "The prestige brand has long been associated with Ray White as leaders in the market on the east coast of Australia, particularly in the eastern suburbs of Sydney, the Gold Coast and inner suburbs of Brisbane," Mr Smith said. "In the New Zealand ... read more...

Ray White Gains in Property Sales

Australia's biggest real estate group Ray White has recorded an 8 per cent gain in sales during May, as a shortage of properties keeps sales going at a brisk pace. Sales during May totalled $2.61 billion, 8 per cent higher than the same month a year earlier, Ray White said in a statement on Friday. The group's Double Bay office in Sydney recorded an all time group best result of $123 million. The sales gain came despite the six increases to the overnight cash rate between October and May to 4.5 per cent, although the month followed April, where sales had declined following ... read more...

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