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The Reserve Bank today cut the Official Cash Rate by 0.25% to 3.00%, its sixth reduction in this cycle. The move underlines the bank’s intent to support growth, with lower borrowing costs expected to fuel confidence across housing and the broader economy.  

The Wellington real estate community is mourning the heartbreaking loss of Chu Minh “Jack” Looc, a much-loved Ray White agent and passionate diver, who tragically passed away at the age of 46 following an accident at Lowry Bay, Lower Hutt.

The increase is likely attributed to internal migration to these regions, as affluent Kiwi buyers relocate for lifestyle, space and quality new builds. New Zealand Sotheby’s International Realty managing director Mark Harris says buyers are looking to these regions as they seek more in a property; whether it’s more land,

New Zealand property owners are realising the lowest rate of resale profits in more than 10 years, as subdued values and elevated stock levels continue to give buyers the upper hand. Cotality NZ’s latest Pain & Gain Report shows 89.4% of properties resold for more than their original purchase price in the June 2025 quarter, down from 90.7% in the March quarter and the lowest rate since mid-2014.

Sam McIntyre, founder of Ownly, has been awarded Trade Me Property’s Innovator of the Year 2025, selected from over 900 submissions across New Zealand’s 16,000+ licensed agents.

The result mirrors the annual change, which was also a –0.2% drop, bringing the median value nationally to $819,921. Cotality NZ Chief Property Economist Kelvin Davidson said the result was yet another reminder that market conditions remain subdued.

Ray White New Zealand scheduled 153 properties to go under the hammer last week, up 18.6 per cent year-on-year.  The group recorded a clearance rate of 64.3 per cent, up 9.21 per cent compared to the same time last year, with an average of 3.9 registered and 3.0 active bidders per auction. 

Ray White Manukau, Manurewa, Mangere and Mangere Bridge continue to prove that auction is the best method of sale, recording a 60.9 per cent clearance rate at their in-room event The Day 10.0.

Inspection Express has confirmed the promotion of Jeremiah Antypas to Sales Manager — a move that strengthens its leadership bench at a time of major domestic and international growth.

Leading Australian real estate network Raine & Horne is pleased to announce the appointments of James Shepherd as General Manager and James Barclay as General Manager of Finance.

First home buyers in Aotearoa are facing one of the most strategically favourable markets in recent memory — but only if they act fast. According to new data from realestate.co.nz, national housing stock dropped for the third month in a row, dipping by nearly 2,000 properties to 30,430 in July 2025. That’s a 0.4% decline on the same time last year — yet buyer demand hasn’t eased.

  One of New Zealand’s most trusted regional real estate offices has entered a new chapter, officially rebranding to ONE AGENCY Central West, effective 1 August.