Bidding with confidence
Sam Steele Head Auctioneer Ray White New Zealand
Unchanged monetary policy, reductions in debt servicing costs, and a renewed sense of confidence continue to shape sentiment in New Zealand’ s residential property market, with Ray White New Zealand’ s auction performance in July offering a compelling commentary of this dynamic environment.
The seasonal uplift has contributed to more rewarding conditions, fuelling momentum across our national auction network. Each passing month sees this energy compound, delivering stronger outcomes and deeper engagement from buyers.
In July, Ray White conducted 463 auctions nationwide.
Yet, it’ s the underlying performance indicators that tell the real story.
The clearance rate rose to 51.50 per cent, while the average number of registered bidders per auction increased by 14 per cent to 2.8 per auction.
Auctions accounted for 34.10 per cent of all new property listings— underscoring their enduring appeal and positioning them firmly as the preferred method of sale for many sellers.
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