N O W RAY WHITE REAL-TIME RESIDENTIAL MARKET INSIGHTS 9 MARCH 2021 - Amazon AWS
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VOLUME 39
R AY W H I T E
NOW
R E A L-T I M E R E S I D E N T I A L
MARKET INSIGHTS
9 MARCH 2021
04 NEW LISTING SURGE STARTING TO SHOW IN THE
MONTH OF MARCH.
08 WHY ARE WE SEEING STRONG RESULTS NOW?
11 CONSIDERING SELLING?
WHY GO TO MARKET NOW?
12 HOW DO WE CREATE THE MOST COMPETITION
FOR YOUR PROPERTY?
15 FOR THOSE SEEKING MORTGAGE ADVICE
ABOUT RAY WHITE
Dear Property Owner, Our 39th edition of Ray White Now welcomes the second week of real estate trading for March 2021. We have welcomed lower Alert Levels as we enter what is considered one of the most active times for the real estate market, with new properties coming onto the market and sales continuing to remain at a high level. While the previous week had slowed momentum, there have been good numbers of new listings coming to the market and while these are at similar levels to the same time last year, what is noticeable is that we have reached a high point for 2021 with our live listings now above 2,000. On the sales side, the numbers continue to be well above the same time last year and while we passed through a lift of 50 per cent higher, this has somewhat plateaued and returned to a level over 30 per cent currently. We expect with the lower level of restrictive trading to allow auctions to take place across Auckland and all forms of marketing across New Zealand; then both new listings coming onto the market and sales will increase to higher levels. The LVR restrictions come into their first phase this week which means that all borrowers will require higher levels of deposits. This is particularly designed for investors to ensure they are not overly geared in respect of individual properties which means that the deposit requirements for the buyer classification of investors will not only lift in the first phase, but will also lift again on 1 May 2021. Our real-time data enables us to view the current market as it happens. This is of high importance for both buyers and sellers, particularly when they are seeking to understand the depth of the market, current competition, and also the trends in regard to the number of buyers attending auctions. This in itself has become a more active way to market property through auction and has been adopted by one in every two properties that is put to the market through the Ray White Group in New Zealand. The results of this have been a transparency that has been welcomed by buyers and allows the sellers to take account of the depth of the market when making the decision to sell their property. The number of registered buyers and the number of active bidders at each property has risen to be at its highest level in the last 12 months. When we look at our live listings, we still take into consideration the first home buyer and the investor buyer classifications, who don’t necessarily bring property onto the market to replace the demand that has been created within these sectors. This, of course, fluctuates in different areas and is an important factor in the price outcomes for sellers and buyers. Ray White Now is produced in conjunction with real-time data from our 184 offices across New Zealand. Ray White, on an average monthly basis, completes $1.904 billion worth of property transactions and currently manages a portfolio of 19,228 properties through our property management division. Regards Carey Smith Ray White New Zealand Chief Executive
04
VOLUME 39
NEW LISTING SURGE
S TA R T I N G TO S H O W I N
THE MONTH OF MARCH.
R E G I S T E R E D A N D A C T I V E B I D D E R S H I T A N A L L-T I M E H I G H
AT R AY W H I T E A U C T I O N S .
According to the latest QV House With the re-introduction of Loan- overseas with increasing confidence.
Price Index, the average value of to-Value Ratio (LVR) restrictions Will this add pressure to the housing
New Zealand residential homes on new mortgage lending, with market.
continues to increase and has shown investors required to have a minimum
over the last three months a rise of 30 per cent deposit from 1 March When we look at the smaller
6.8 per cent to the end of February. (increasing to 40 per cent from 1 provincial centres, there have been
The range for the main regional May) and most owner-occupiers some dramatic increases and in
centres showed increases from 2.1 needing a 20 per cent minimum the North Island, Wairoa leads all
per cent in Invercargill to a high of deposit, could see a dynamic market provincial centres this month. The
9.4 per cent in Palmerston North. change, with the first home buyer average house price in the Hawke’s
The twin Hawke’s Bay cities of Napier having more opportunity together Bay town has increased by almost 17
and Hastings aren’t far behind, with with those who are considering per cent to $371,465 in just three
both cities showing quarterly growth upgrading. What effect the LVR months. It’s followed by Ruapehu –
of 8.9 per cent. reintroduction will have on investors last month’s leader – on 14.8 per cent
is unknown, however, given the growth for the quarter, and South
In the main city centres, average current yield and return against what Taranaki in third place at 13.5 per
values were up by 6.4 per cent other offerings are available, property cent.
in Auckland, 7.9 per cent in the will still remain a strong class of asset.
Wellington region, 6.1 per cent in Wairoa also tops the list for annual
Christchurch, and 5.6 per cent in While the impacts are not immediately growth over the past 12 months 31.3
Dunedin. known, the recent change in Alert per cent, followed by Whanganui
Level restrictions combined with 30.0 per cent and South Wairarapa
All of these numbers represent an the consequence of vaccine rollouts 27.7 per cent.
increase of 15.9 per cent year-on- and increased confidence that
year. An increase from annual growth there is finally an end in sight to Across the provincial centres in
of 15.1 per cent last month for the worst effects of the COVID-19 the South Island, Gore is top of
residential property. pandemic, may give the ability for the list – and fourth overall across
New Zealanders to move home from New Zealand – for quarterly price05
VOLUME 39
growth. The average house price here
has increased by 13.4 per cent to
$354,885. Buller 11.2 per cent and
Westland 11.1 per cent are second
and third respectively.
In terms of average house price
growth over a 12-month period,
only fractions of a percentage point
separate Buller 23.9 per cent from
Gore 23.8 per cent.
A recent example by Core Logic on
house prices and their effect on Source: qv.co.nz
affordability is in the area that stands
2004, and despite low interest rates, supply of property coming onto the
out over a longer, 12-month horizon
the share of income required to market is matching the current buyer
- Gisborne, with an increase of 30.6
service a typical mortgage is currently appetite however there is a long-
per cent since February last year –
23.0 per cent; the highest for more term erosion of the overall portfolio
or more than $127,000. Based on
than a decade. of the inventory of listings given the
a 20 per cent deposit, this means
constant buyer demand. According
buyers have had to raise at least
On the supply side, while sales to realestate.co.nz, the housing stock
an extra $25,400 in the past year
continue to occur with strong at the end of February 2021 set at
alone. In other words, the flipside of
momentum it is the area around the 15,829 in comparison to February
rapidly rising house prices is a sharp
inventory of listings held by the real 2020; down 24.2 per cent. When you
decline in affordability, which is likely
estate industry across New Zealand put this across the inventory, it gives
to progressively weigh on property
which puts most of the pressure on New Zealand a long-term average of
growth rates. Gisborne’s house price
the housing market. Where there 10 weeks worth of property available
to income ratio (4.8) and the number
still remains a strong depth of buyers in the marketplace.
of years to save a deposit (6.4) are
given the low interest rates, the
at their highest levels since at least
“We started our agency four months ago with Ray White and
it has been extraordinary. The community support, the real
estate market and the activity from buyers and sellers is not
only giving both parties more confidence, but the uniqueness
of our market is seeing the majority of properties also lift in
price through the auction method of marketing.”
Shelley Donaldson, Director and Licensee Salesperson of Ray White Gisborne.06
VOLUME 39
Source: Corelogic.co.nz
This simply means that on average included Auckland, Central Otago, this level and that may be having an
there is around 7,000 sales per Otago and Gisborne. While there impact on supply depending on the
month and this is put against the were a band of markets that had little amount of new property listings and
total stock available for buyers. change, in the Wairarapa, Nelson and demand coming into the market.
the West Coast new property listings
New property listings are a measure declined by more than 10 per cent. The markets under 10 weeks include
of new supply and generally add to the Bay of Plenty (8), Waikato (8),
the portfolio of stock. More new Inventory of listings shows the Taranaki (9), Hawke’s Bay (8), Nelson
listings need to come to the market number of weeks each region has for (8), Manawatu (6), Wairarapa (5),
than the amount of property selling stock availability if there were no new Wellington (7) and Canterbury (9).
for inventory to build. While across properties coming onto the market. The inventory of listings moves
New Zealand there was a marginal lift There is comparison to the long-term towards being a sellers market across
in the number of new listings at 1.8 average which is based on the past all areas of New Zealand.
per cent, there was a considerable 13 years of seasonally adjusted data.
lift in number of sales which saw Our scheduled auctions continue to
a balance in February in regard to New Zealand has a national inventory lift and have reached a high for 2021
inventory levels. of 10 weeks worth of stock in with 1,033 properties scheduled
comparison to the long-term average for auction, which is 161.3 per cent
Overall, there were 10,736 properties of 28 weeks. While 10 weeks is higher than the same time last year.
listed nationally and the markets considered to be less than desired, This shows the confidence and
to see increases above 10 per cent there are several markets well below transparency around the auction07
VOLUME 39
method of marketing and how this What is of most interest is the loan
has become preferred across many pre approval stage that buyers who
centres where buyers can establish are having finance checked and
market value against competition approved for potential purchases has
while sellers can have the confidence now risen to an extraordinary level
that the depth of the buyer pool which is the highest on record for
is being influenced by competition the Loan Market Group. A staggering
rather than by an established price. 165 per cent higher than the same
Added to this the registrations for time last year which would indicate
those attending auctions and also that there is a continued build in the
bidding have reached a new high market for those who are considering
and this shows how auctions have purchasing property across all buyer
adapted to becoming the preferred classifications.
method of selling across many
centres in New Zealand.
S C H ED UL ED AU CT IO N S
1,800
# Scheduled Auctions / 28 days
1,600
1,400
1,200
1,000
800
600
400
200
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2018-19 2019-20 2020-21
LOAN PRE-APPROVALS
2,000
# Loan Pre-approvals / 28 days
1,800
1,600
1,400
1,200
1,000
800
600
400
200
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2018-19 2019-20 2020-2108
VOLUME 39
WHY ARE WE SEEING
S T R O N G R E S U LT S N O W ?
Real estate markets are driven by a significant role in establishing favourable for sellers. Conversely,
several factors; however, the two market conditions that favour when supply is high and demand is
basic fundamentals of supply (the sellers or buyers. low, conditions are favourable for
number of total properties for sale) buyers.
and demand (the number of buyers In general terms, when supply is low
active in the marketplace) play and demand is high conditions are So what are we seeing now?
Supply
We can accurately report on the
number of new listings coming to the
market through our real-time Pulse
data, and as we enter the second week
of March, the number of new listings
coming to market is up 7.67 per cent
when compared to the same period
last year with a total of 2,246 live
listings.
Ray White nationally had the highest
number of listings of any real estate
brand for the month of February.
Chart 1:
3,500
Live listings
3,000
# Live Listings / 28 days
2,500
This chart shows the total
2,000
number of live listings are up
1,500
7.67 per cent compared to the
1,000
same time last year.
500
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2018-19 2019-20 2020-2109
VOLUME 39
Demand
There are several considerations we day clearance rate is currently 87.4 So what factors are continuing to
take into account when looking at per cent with an average of 4.6 create confidence in the market?
the number of potential buyers in the registered bidders. The long-term forecast of low
market. The number of buyers looking interest rates and affordability around
online for property, the number of A feature of the auction market at the purchasing of property.
buyers who enquire on properties present is the prevalence of auction
for sale, the bidding activity we see dates being brought forward. This The number of first home buyers
each week across our auctions, and is a scenario that unfolds when an coming into the market is increasing
the number of people actively gaining acceptable unconditional offer is significantly as they take their
pre-approval for finance to purchase made on a property prior to the opportunity to purchase at interest
a property which for the loan market auction date. The offer becomes rates that are the lowest on record,
group is up a 165 per cent on last year. the reserve price which is disclosed starting from 1.99 per cent. This,
at the beginning of the auction and coupled with the fact that banks are
The high level of demand is offers above that level are invited. now testing serviceability at lower
underpinned by the number of active Last week, 17.89 per cent of property levels, means buyers can stretch
buyers and registered bidders which, offered for sale by auction with further for a home and subsequently
when compared to previous years, Ray White sold prior to the vendors are seeing increased levels
are at record levels. Our auction scheduled auction date. of competition.
Chart 2: 9 9
8 8
Bidding by month 7 7
6
# / 28 days
6
# / 28 days
This chart illustrates the 5
5
average number of registered 4
4
3
bidders per auction has 3
2
2
increased throughout 2020 and 1
1
continued into 2021.
Jul
Aug
Sep
Oct
Nov
Dec
2021
Feb
Mar
Apr
Jul
Aug
Sep
Oct
Nov
Dec
2021
Feb
Avg. Active Bidders per Auction Avg. Reg. Bidders per Auction
Chart 3:
Appraisals 6,000
# Appraisals / 28 days
5,000
This chart compares the
4,000
number of appraisals Ray White
3,000
salespeople have made over the
2,000
2019, 2020 and 2021 calendar
year. Showing a significant lift in 1,000
appraisals since the beginning of
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2021.
2018-19 2019-20 2020-2110
VOLUME 39
So what factors are contributing to • Interest rates are a driver settles over NZ$650 million in
buyer confidence? of home affordability and in loans per month. Pre-approvals
Interest rates continue to underpin many areas, while prices have are indicative loan approvals
purchasers buying power and today risen in the last 12 months, obtained by buyers before they
interest rates are at record low levels, corresponding interest rates have buy a property to enable them to
advertised from 1.99 per cent fixed reduced. bid confidently.
for one year with the OCR remaining
• Banks and lenders remain • Record levels of government
at 0.25 per cent since 16 March
very supportive of lending for stimulus are part of the
2020.
residential property. The chart on supporting reason behind a high
• Importantly, the consensus page 7 shows the monthly home proportion of buyer sentiment.
among economists is that they loan pre-approvals recorded
• General confidence in a well-
will remain at these low levels for by the Loan Market Group, performing economy, with the
the foreseeable future. which is our loan brokerage exception of some sectors such
partner and New Zealand’s as tourism.
largest independent broker that
What are LVR restrictions and are
we seeing an impact?
Restrictions on loan-to-value ratios
(LVRs) are temporary limits on banks
to reduce the amount of low-deposit
mortgage lending.
Currently Investor Loans 30 per Source: rbnz.govt.nz - LVR restrictions at a glance
cent deposit / 5 per cent low deposit
lending. LVR lending restrictions property that the borrower lives in It is likely too early to tell, but we
are tighter for loans secured by or uses as a holiday house. High- are yet to see any impact of the
investment property, in response LVR loans are defined as those loans reintroduction of restrictions on loan-
to the growing housing market that are more than 80 per cent of to-value ratios (LVRs) as introduced
risks in that area. High-LVR loans in the property’s value (20 per cent 1 March 2021 by the Reserve Bank
this category are those loans that deposit). High-LVR loans can make up of New Zealand.
are more than 70 per cent of the no more than 20 per cent of a bank’s
property’s value (30 per cent deposit). total new lending in this category. From 1 May 2021 LVR restrictions
High-LVR loans can make up no more for investors will be further raised
than 5 per cent of a bank’s total new There are some exemptions that to a maximum of 5 per cent of a
lending in this category. apply: bank’s total new lending in this
• New building exemption category, at LVRs above 60 percent
Owner-Occupier Loans 20 per cent • Remediation exemption of the property’s value (40 per cent
deposit / 20 per cent low deposit • Welcome home loans deposit).
lending. This is borrowing secured • Bridging loans
with a mortgage against residential • Refinancing11
VOLUME 39
CO NSID E RING S E LLI NG?
WHY GO TO MARKET NOW?
Restrictions with regard to viewing that this will continue. What we Economists believe the next 12
property and attending auctions last do acknowledge though is that the months may hold:
week had been in place with stricter conditions we are experiencing
measures in Auckland, but, as has now were unpredicted by almost all • Shipping difficulties
been seen previously, this did little commentators and economists and in • Roll-out of COVID-19 vaccine
to suppress the appetite of buyers addition to this, the property market • Potential further restrictions on
of residential property. Last week is one of cycles and at some point, residential property
we saw 179 properties offered for conditions will change again. • Rising cost of household goods
sale by way of auction, and of these, • The potential of low mortgage
a clearance rate of 87.4 percent was The factors contributing to the rates rising
achieved. Diving deeper into this buoyancy of the market at present • Increasing levels of consents
data, we can see that on average are the low cost of borrowing, and construction for residential
property
there were 4.6 registered and 3.3 increased levels of demand,
• More expats returning home
active bidders per property. So why comparatively low supply, demand
does this level of activity continue, for rental properties, and the long- • Borders remaining closed
even with the relative uncertainty term performance of real estate • Weak global economy
around other parts of the economy? as an asset class generally. Whilst • Potential re-emergence of
most of these factors are likely to Covid-19 in the community
With auctions in Auckland remain stable; as we saw last year, • No trans-tasman ‘travel bubble’.
particularly moving to online and an unexpected event at a national
remote platforms there has been or international level can influence Reflecting upon the market a year
very little disruption in timelines, market confidence and the physical ago, there was much uncertainty
salespeople have been quick to ability to transact. In addition to as we experienced lockdowns and
adapt and both buyers and sellers this, the LVR restrictions for those restrictions on a scale none of us
had seen before. The predictions
are becoming more accustomed purchasing residential property as an
for the market were in most cases,
to transacting property remotely. investment have just been increased
dire. What the past 12 months has
What this has highlighted for us is, and investors will need 30 per cent
taught us is that predicting what the
regardless of the relative uncertainty deposit to be able to borrow in these
market will do in these times remains
in many other aspects, residential circumstances.
difficult. Many are predicting prices to
property at present remains stable
continue to increase, but this should
and secure. There are several factors in the be cautioned with the fact that many
wider economy that are supporting of these people also predicted it to
The property market right across confidence at present, but it is also fall significantly last year. What we
New Zealand over the past few important to be aware of potential do have certainty around, is that right
months has been very robust and factors that could influence market now, if you are considering selling,
most commentators are suggesting activity this year. the conditions are very favourable.12
VOLUME 39
H OW DO W E C RE ATE
TH E MOST C O M PET IT IO N
F OR YOUR PROPERT Y ?
1. MARKETI NG EXPOSUR E
The most innovative marketing real In 2020, the Ray White Group passed Tender and Exclusive Listing
estate business in New Zealand. through 21 per cent market share in Our approach to tender and exclusive
New Zealand residential sales. is aligned with our marketing
Our enviable position comes from methods of creating competitive
an unwavering commitment to In February 2021, Ray White situations between buyers to create
marketing and auctions - whether achieved record sales volumes in the best outcomes for our vendor
that be safely on-site or in-room. market turnover and record sales clients.
volumes in market numbers, a
Ray White New Zealand currently has personal best for the month of
2,246 live listings, with the number February.
of sales up 26.36 per cent year-on-
year. Last week, Ray White New Zealand
had 285 properties scheduled to go
In January and February 2021, to auction (an increase of 74.8 per
Ray White achieved the highest cent compared to the saem dates last
listing months of property across year), leading to a strong auction day
New Zealand. clearance rate of 87.4 per cent - an
increase of 11.74 per cent.
We have never lost faith in the marketing as we believe it enables would prefer to sell quietly, or off-
value we can bring our vendors in a us to maximise competition and market, and while this is not a normal
challenging market through effective clearly illustrate your intent to sell recommendation, we welcome
marketing. If you choose to sell, we and therefore attract genuine buyers. discussion on all opportunities to
will be suggesting an investment in We appreciate that some people take your property to the market.13
VOLUME 39
2. G ENERATI NG BUY ER EN Q UI RY
Being one of the largest real estate in the market today. Combine of property purchasers come from
groups in the country has direct our relationships with our use of neighbours and their friends.
advantages for our sellers. Our technology, we can engage with
ability to target the largest pool buyers on a level that will ensure we Ray White Concierge can
of buyers within a campaign is a can find the premium buyer for your communicate to property owners
strength which you can be confident property. in surrounding streets, positioning
will assist us in delivering the best your property to ensure that it is
possible result for you. In the current In addition to our ability to target at the centre of our communities’
market conditions, it’s critical to broad audiences, Ray White attention. With our dedicated team
target the broadest possible audience Concierge, our communication of 100+ Ray White Concierge
and to be as efficient as possible in specialists, unique to Ray White, can specialists, in coordination with
tailoring appropriate messaging to target one of the most influential our appointed agent, can deliver a
your potential buyers. After all, our audiences, our local communities. layered community communication
focus is to seek out the buyer for Our 119 years of real estate program including telephone calls,
your property that will pay more than experience has enabled us to SMS and email, ensuring that the most
everyone else. understand that a catalyst for influential people are alerted early to
creating competition is leveraging the the sale of your property.
We do this by having the greatest local community and our data shows
number of relationships with buyers that in some cases, up to 60 per cent
80k
Chart 4:
# Online Enquiries / 28 days
70k
Online enquiries 60k
50k
This chart compares the
40k
number of online enquiries 30k
made through Ray White 20k
websites over the 2019, 2020 10k
and 2021 calendar years.
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2018-19 2019-20 2020-21
33.78%
Online enquiries
The number of online enquiries made through
Ray White websites are 33.78 per cent above
levels at the same time last year.14
VOLUME 39
3. U NRIVALL E D BRAND PR ES EN C E A N D MEDI A P RO FI L E
As Australasia’s largest real estate number of listings on oneroof.co.nz, Our experienced in-house journalists
group, we are supported by a realestate. co.nz and trademe.co.nz/ can get your property the exposure
dedicated and highly experienced property - is also huge. that money can’t buy.
team of newshounds in our PR
team who work seven days a week. To put a price on the power of our When a home is listed with
The team excels at winning “earned media coverage, in February, the Ray White, our clients are introduced
media”, the exposure that money Ray White Group as a whole to the national public relations
cannot buy, it must be earned. achieved more than NZ$47.097 service; a team that’s plugged into
million worth of earned media the New Zealand media and has
Our media exposure dominates all mentions in print, online, radio and the sole focus of achieving more
other brands in terms of publicity TV, according to iSentia, our media exposure for the properties we sell,
- which is the sweet spot. Our intelligence agency. That’s free to the audience that matters most.
profile in newspaper advertising publicity for the group and all its
and editorials along with a large members.
4 . D EEP DATA S ET
In times of uncertainty property data and proof points has never been information available and have the
sellers need facts, not media more important for good decision experience to help you analyse
speculation, to be able to create making. relevant data to help you make the
informed decisions. Whether that be right decision.
a decision to list your property on the As the most successful real estate
market or to be in touch with real-time group in Australasia, we have access
market conditions. The reliance on to the largest pool of up to date
In February, the Ray White Group as a
whole achieved more than NZ$47.097
million worth of earned media.15
VOLUME 39
FOR THOSE SEEKING
MORTGAGE ADVICE
Loan Market, New Zealand’s multi- will help navigate the options to We are currently sitting on over
awarding winning mortgage group, ensure buyers are approved to their NZ$2 billion of pre-approved buyers
has been helping Kiwis with their maximum buying power. across New Zealand. This pool of
financial goals for over 26 years pre-approved buyers is ready to make
(and counting). In these trying times Banks are taking the Covid-19 offers with no finance clause required
brokers have been supporting clients outbreak as an opportunity to and speaks to the strength of
to understand their options and help dramatically reduce their footprint the market for vendors looking to sell
navigate the complex banking world permanently. Many Kiwis are now now.
and ensure everyone can get access finding it very difficult to contact
to a competitive deal when it comes a banker to facilitate mortgage Lastly, if you are looking to buy
to loans. applications. currently you must get your mortgage
application into us as soon as
While interest rates are at “all-time” At Loan Market we are 100 per cent possible. The banking system is
lows now well below 2 per cent across digitally enabled and able to assist experiencing lengthy delays as they
all parts of the interest rate curve, right through all levels of lockdown. deploy extra resources into our
access to credit is tight, as such, advice Covid-19 does not prevent us from channel to cope with the volume.
is essential. Loan Market has access providing advice and solutions to the Don’t sit on your hands, contact your
to New Zealand’s widest range of buyers and sellers of real estate at Loan Market adviser now.
banks and lenders you know and trust. Ray White.
Talking to our Loan Market advisers loanmarket.co.nz
AB OUT RAY WHITE
Ray White is a fourth-generation up 8.6 per cent year on year, worth breadth of Australasia’s largest real
family owned and led business. It of property. Every day, Ray White estate group brings unrivalled value
was established in 1902 in the small helps 36 buyers find their home to our customers. A group that has
Queensland country town of Crow’s across New Zealand. thrived through many periods of
Nest and has grown into Australasia’s volatility, and one that will provide the
most successful real estate business, Ray White today spans residential, strongest level of support to enable
with more than 1,000 franchised commercial, and rural property as its customers to make the best real
offices across New Zealand, Australia, well as marine and other specialist estate decisions.
Indonesia, and Hong Kong. Last fiscal businesses. Now more than ever,
year, Ray White sold $44.22 billion, the depth of experience and theraywhite.co.nz loanmarket.co.nz © Ray White (Real Estate) Limited Licensed (REAA 2008) Version 39 – 9 March 2021
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