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  • Awesome foursome as auction confidence sweeps the nation

    Auction confidence continued to sweep the nation with four strong under the hammer property sales around the country last night, to the tune of NZ$3,545,500, highlighting continued buyer confidence. The first sale was by the Ray White Ponsonby office and Director....

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  • Christchurch on-site auction hat-trick as confidence fires up

    Competition was clear to see as 16 registered buyers battled it out for just three properties as bidders warmly welcomed the return of on-site auctions in Christchurch. The team at Ray White Ferrymead continued recent nationwide momentum by orchestrating three strong under the....

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  • Christchurch in-room auctions back with a bang

    Buyers in Christchurch welcomed in-room auctions back with socially-distanced open arms as six out of eight properties sold under the hammer for a combined NZ$2,670,000. “Auctions are proving the best method to uncover a premium price in our Alert Level 2....

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  • Clearance rates soar as auctions drive buyer confidence

    Ray White offices in New Zealand hammered home more strong auction results yesterday as a rising clearance rate indicated buyer confidence was well and truly back. Ray White Beach Haven, Verrans Corner and Glenfield, part of the Carpenter Group on....

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  • Auctions driving momentum in Alert Level 2 with a stellar night

    Auctions continued to be a key driver of property sale momentum in Alert Level 2 yesterday as Ray White offices successfully sold NZ$8,305,000 worth of property under the hammer. Ray White New Zealand Chief Auctioneer John Bowring (above), who called two auctions successfully....

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  • Tony Alexander Economic Roundup for week of 3rd August 2017

    Labour Market Fundamentally Strong The data highlight for us economists this week was not the number ten – representing days in the job for Mr Scaramucci. Instead it was yesterday’s collection of numbers showing the state of our labour market in the Household Labour Force Survey and Labour Cost Index. … Read more

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  • Tony Alexander Economic Roundup for week of 11th May 2017.

    Retail Spending Strong Sort Of Fresh economic data have been fairly thin on the ground this week. We learnt that core retail spending using debit and credit cards rose 1.4% in April to deliver an annualised pace of growth in the most recent three months of 5.4%. This is … Read more

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  • Tony Alexander Economic Roundup for week of 20th April 2017.

    Higher Inflation This morning we learnt that New Zealand’s inflation rate has lifted from 1.3% to 2.2%. Core inflation measured as non-tradeables inflation has risen to 2.5% and trimming away the top and bottom 10% of items rising and falling gives inflation at 2.2%. Excluding food and energy … Read more

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  • Tony Alexander Economic Roundup for Week of 7th April 2017

    Last Friday we learnt from the ANZ’s monthly business survey that like consumers businesses have become a tad less confident about the economy recently. Only a net 11% of businesses early in March felt that the economy would improve over the coming year. This is the lowest reading since … Read more

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  • Tony Alexander 30 March 2017 Weekly Overview

    30th March 2017 Weekly Overview Bits and Pieces At the start of one of the talks I gave last week attendees were asked what they would like to hear discussed. Here are some of the things they listed. Income inequality This reflects a debate coming from two sources. First … Read more

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  • Tony Alexander BNZ Economist Weekly Overview 1st September 2016

    Strong Business Sentiment Having written quite a bit last week summarising my thoughts not too much fresh is jumping out of the grey cells this week. Suffice to say that we continue to get firm economic data being released including in the shape of our own quarterly BNZ Confidence Survey. Businesses are definitely feeling happy … Read more

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  • Waiuku is a House Buyers Hot-Spot

    Featured in today’s New Zealand Herald (30th August 2016) the following data shows that Waiuku housing stock median sale price over the months of February 2016 to July 2016 has jumped some 26% sitting at a new average of $582,000. Our little town is certainly creating a buzz among house-hunters … Read more

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  • Tony Alexander BNZ Economist Weekly Overview 25th August 2016

    A Few Reasonable Thoughts NZ dairy prices appear to be edging up. Our economy is well underpinned by a range of sectors including tourism, construction, export education, most primary exports. Investors globally are searching for yield and looking further and further afield. Given these factors is it reasonable to expect … Read more

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