Auction piece
Sam Steele Head Auctioneer Ray White New Zealand
The Reserve Bank’ s recent adjustment to monetary policy, marked by a further reduction to the Official Cash Rate( OCR), has provided a meaningful boost to market confidence and auction bidders. The easing of debt servicing pressures has supported increased buyer activity and contributed to a notable uplift in auction performance through the spring months.
Ray White New Zealand’ s auction results have reflected these strengthening market dynamics. Buyer participation has remained robust, driven by improved affordability and growing confidence, while seasonal momentum continues to underpin more favourable selling conditions across the network.
In September, Ray White conducted 442 auctions nationwide. Clearance rates improved to 56.4 %, while increased listing volumes have expanded buyer choice, resulting in a modest increase in average bidder registrations 2.6 per auction.
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