Auctions gaining momentum
Sam Steele Head Auctioneer Ray White New Zealand
While the Reserve Bank’ s( RBNZ) most recent Official Cash Rate( OCR) decision had been widely anticipated, the effects have been significant across Ray White’ s auction events.
Rising public confidence and the seasonal surge in market activity have created a fertile landscape for growth, delivering real sales results across Ray White’ s auction network.
March saw a nationwide increase in auction success rates and registered bidders, building on the positive momentum of previous months. Property owners capitalised on the traditionally active summer selling season, leveraging the transparency and competitive edge of auctions to achieve strong results.
“ March saw a nationwide increase in auction success rates and registered bidders, building on the positive momentum of previous months. Property owners capitalised on the traditionally active summer selling season, leveraging the transparency and competitive edge of auctions to achieve strong results.”
Sam Steele Head Auctioneer, Ray White New Zealand
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