Ray White Auckland Central Market Report - October

Auckland Central Market Report.

OCTOBER 2023

Part of the group with a family factor.

CREATE RECOGNISE GROW

CITY REALTY GROUP

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Contents.

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04.

06.

Market Comment Collective holding of breath stalling activity.

Article – Kelvin Davidson: Rate worries: Was the Reserve Bank just playing safe ahead of the election?

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10.

Auckland Central Statistics September 2023

Recent Sales September 2023

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14.

Auction Statistics & Update with Cameron Brain

Article – Tony Alexander: Don’t be fooled by ‘good’ inflation number

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18.

Property Management Market Comment

LoanMarket Update

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22.

Marketing your property

Ray White Auckland Central Meet the team

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Market Comment.

Ray White Auckland Central.

Daniel Horrobin.

City Realty Group Director

021 595 976 daniel.horrobin@raywhite.com 4

Positive signs gain momentum; reports investors returning “More indications emerge supporting a property market up-turn, with reports investor interest is increasing,” reports Director of City Realty Group, Daniel Horrobin.

The latest QV House Price Index shows the first quarter of increasing prices since the downturn began towards the end of 2021.

Corelogic chief property economist Kelvin Davidson says it is now easier to get a mortgage, which is helping prices increase.

Commenting on investor interest, Kelvin says: “A net 24% of mortgage advisers this month have reported that they are seeing more investors in the market. This is the strongest result since January 2021 and accords with growing anecdotal evidence that investors are tentatively returning to the market.

“They are encouraged by strong population growth in some locations courtesy of record net immigration, hopes that interest rates have peaked, strong demand for rental property, now rising house prices in many locations, and political opinion polls suggesting a change in government and eventual return of interest expense deductibility.”

Daniel points out that historically, prices in the CBD have been driven to a large extent by supply and demand and that there are issues with supply of newly built CBD apartments.

To quote CBRE associate director of research Tamba Carleton: “the current pipeline of new supply for the Auckland CBD is extremely low.” While there are currently 122 apartment projects under construction across the Auckland region, only two are in the CBD. Add to that, forecasters expect that some time over the next month or so, New Zealand will clock up 100,000 net migrants into the country,

a large proportion bound for Auckland. Daniel says: “Our CBD apartment market is looking up.”

TradeMe reports that according to the latest Property Price Index, properties are spending less time on the market, and prices are on the rise after a ten-month decline.

Headwinds persist however. Random interest rate hikes are causing headaches for both borrowers and mortgage brokers, who are increasingly finding themselves with a drastically different offer from pre-approval by the banks to time of purchase.

Daniel says: “Overall however there is a definite sense of optimism in the sales room. Our listings and sales have remained steady for the month, finishing on a high at the last auction for September. This resulted in six sold from eight, with vigorous bidding on all but one.

“Supply remains stalled at around 500, but that will be interesting to watch post-election,” says Daniel.

In the rental space, CBD apartments showed an increase in rents year on year with the average rent sitting at $580pw – an increase of 16% over 12 months. The demand for rentals in Auckland is still strong with good numbers at viewings and steady inquiry. This is largely due to the robust immigration numbers mentioned earlier and a preference for many renters to be close to the city centre.

“All in all, it will be a very interesting roll through to Christmas if the election result goes as many predict,” concludes Daniel.

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Kelvin Davidson: Rate worries: Was the Reserve Bank just playing safe ahead of the election?

The five things you need to know about the housing market this week.

1. Reserve Bank sticks to the script There was no surprise that the RBNZ held the official cash rate unchanged at 5.5% last week, given that neither inflation or the labour market had strayed off course since their prior OCR decision in midAugust. However, it was perhaps a bit more surprising that the statement they released seemed slightly relaxed about the need for any more OCR increases in future – going against the emerging expectation amongst analysts, commentators and financial markets that a rise could well be delivered at the final meeting for the year on November 29.

Of course, the RBNZ may have just wanted

to stay on the straight and narrow with this decision, given its proximity to the election and its need to stay politically neutral. But either way, the bottom line is that we still just have to wait and see – and on that front, the next consumers price inflation reading on October 17 becomes vital.

For borrowers, however, the implications of all of this may not be major. After all, even if we do see another OCR rise this year, the largest mortgage rate increases are now firmly behind us, and thanks to low unemployment, they’ve largely been absorbed fairly well – at least so far. But don’t count on mortgage rate falls anytime soon either.

Higher for longer mortgage rates may limit the extent of house price growth. Photo / New Zealand Herald

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2. Shorter fixed popular again Speaking of mortgage rates, the Reserve Bank’s latest lending figures showed that 70% of new loans (house purchase, bank switch, top-up) in August were fixed for up to two years, well above the average over the past 2½ years of around 62%. In other words, people are favouring shorter fixes again, after a brief foray into the terms longer than two years. This probably offers a bit of certainty, roughly the best rates on offer, and also a reduced risk of over-paying if people fixed too long and found that rates then fell more sharply than expected.

3. The downturn’s (probably) over, though not everywhere The latest CoreLogic House Price Index showed that national average property values flat-lined in September, the first time they hadn’t fallen since March 2022 – and signalling that the market downturn has probably now come to an end, at least at the national level. But beneath the surface, house price patterns are still a little patchy – rising in Auckland, Christchurch, and Dunedin in September, but dropping in Hamilton and Tauranga. With mortgage rates still high, I’d expect this patchiness to remain a feature for a while yet, keeping overall house price growth subdued.

4. Construction industry continues to slow According to Stats NZ figures last week, new dwelling consents in August were 30% lower than the same month last year, bringing down the annual running total to around 42,000 – compared to the peak in May last year of 51,000. However, while this is clearly not ideal for builders themselves, the silver lining is that consents are still pretty high compared to the past, and for prospective new-build buyers, the good news is that smoother supply chains and more capacity in the industry are seeing cost growth slow. To be fair, newbuilds may not get much cheaper though (just grow at a slower rate), given that labour accounts for 40-50% of a project’s total cost and wages don’t tend to fall.

5. Population growth putting pressure on rents On Wednesday Stats NZ will publish the latest net migration figures, with rent price data due on Thursday. This is a fascinating combination at present, with strong net migration over the past year or so seemingly causing the supply/demand balance to tighten in the rental sector, with rents themselves inevitably starting to accelerate. The next releases will probably show more of the same.

CoreLogic chief economist Kelvin Davidson: “Don’t count on mortgage rate falls anytime soon.” Photo / Peter Meecham - Kelvin Davidson is chief economist at property insights firm CoreLogic

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SEPTEMBER 2023

Market Statistics.

Total Sales

Median Sales Price

September 2023

September 2023

September 2022

September 2022

There was a -42% decrease in the total number of sales year on year.

There was a -17% decrease in the total median sale price year on year.

Total Sales Value

Median Days On Market

September 2023

September 2023

September 2022

September 2022

There was a -57% decrease in the total sales value year on year.

There was a -4% decrease in the total median days on market year on year.

73

127

$29,432,300 $69,768,997

$298,000 $362,000

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Source: REINZ 9

Recent Sales.

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AUCKLAND CENTRAL

ADDRESS

BEDROOMS

SALE PRICE

SALE DATE

1209/72 NELSON STREET 801/2 BEACH ROAD 412/10 RONAYNE STREET 206/26 TE TAOU CRESCENT 1F/99 CUSTOMS STREET WEST 1711/11 LIVERPOOL STREET 158 & CP 64/26 TE TAOU CRESCENT 144+158/26 TE TAOU CRESCENT 208/45 UNION STREET, UNION GREEN 114+115/133 BEACH ROAD 510/70 DALDY STREET 22/143 QUAY STREET 28/146 FANSHAWE STREET 929/72 NELSON STREET 1E/16 MARKET PLACE 1601/38 A LIVERPOOL STREET 203/20 UPPER QUEEN STREET 12F/363 QUEEN STREET 303/76 WAKEFIELD STREET 1210/76 WAKEFIELD STREET 501/30 BEACH ROAD 714/1 PARLIAMENT STREET 502/138 ANZAC AVENUE 316/27 UNION STREET 214/145 NELSON STREET 101/79 HALSEY STREET 3J/189 HOBSON STREET 435/72 NELSON STREET UBBS/23-31 HOBSON STREET 306/22 FISHER-POINT DRIVE 9A/100 GREYS AVENUE 238PI KARANGAHAPE ROAD 3V/15 NELSON STREET 911/2 BEACH ROAD 3O/100 GREYS AVENUE 9C/2 EDEN CRESCENT 5J/147 HOBSON STREET 807/10 COMMERCE STREET 1/93 SHORTLAND STREET 601/2 BEACH ROAD 606/75 VICTORIA STREET WEST

2 2 1 3 1 1 2 1 1 1 3 1 1 2 2 2 2 1 1 2 2 1 1 0 3 0 2 2 0 1 1 1 1 2 1 1 2 1 2 1 2

$266,000 $65,000 $131,800 $40,000 $120,000 $163,000 $29,000 $17,800 $640,000 $86,000 $1,950,000 $139,000 $365,000 $245,000 $340,000 $737,000 $468,000 $290,000 $335,000 $480,000 $110,000 $348,000 $42,000 $665,000 $1,220,000 $370,000 $270,000 $430,000 $52,500 $630,000 $325,000 $400,000 $470,000 $75,000 $222,500 $252,000 $258,000 $630,000 $590,000 $34,000 $520,000

28-SEP-23 28-SEP-23 28-SEP-23 28-SEP-23 27-SEP-23 27-SEP-23 27-SEP-23 27-SEP-23 27-SEP-23 26-SEP-23 25-SEP-23 25-SEP-23 22-SEP-23 22-SEP-23 22-SEP-23 22-SEP-23 21-SEP-23 21-SEP-23 21-SEP-23 21-SEP-23 21-SEP-23 20-SEP-23 20-SEP-23 19-SEP-23 19-SEP-23 19-SEP-23 19-SEP-23 19-SEP-23 19-SEP-23 18-SEP-23 18-SEP-23 18-SEP-23 15-SEP-23 15-SEP-23 14-SEP-23 14-SEP-23 13-SEP-23 13-SEP-23 13-SEP-23 13-SEP-23 12-SEP-23

SEPTEMBER 2023

Sales data is from REINZ and covers the entire Central Auckland property market.

ADDRESS

BEDROOMS

SALE PRICE

SALE DATE

5H/82 WAKEFIELD STREET 505/45 UNION STREET 114/77 HALSEY STREET 1130/72 NELSON STREET 711/188 HOBSON STREET 403/57 MAHUHU CRESCENT 507/70 SALE STREET 515/2 BEACH ROAD 408/2 BEACH ROAD 1403/18 BEACH ROAD 206/1 PARLIAMENT STREET 10M/36 DAY STREET 9F/135 VICTORIA STREET WEST 1101/22 NELSON STREET 713/430 QUEEN STREET 10H/13 MOUNT STREET 1004/171 QUEEN STREET 2001/26 ALBERT STREET 202/171 QUEEN STREET 711/8 RONAYNE STREET 1206/45 UNION STREET 1007/11 UNION STREET 502/6 DOCK STREET 602/8 AIREDALE STREET 702/10 COMMERCE STREET 506/18 BEACH ROAD 8A/182 FEDERAL STREET 12/126 VINCENT STREET 513/35 HOBSON STREET 11B/25 RUTLAND STREET 2905/10 COMMERCE STREET 1205/18 BEACH ROAD

1 1 1 2 2 1 2 1 1 2 1 2 2 1 2 1 1 1 1 3 2

$50,000 $635,000 $220,000 $305,000 $435,000 $133,000 $1,080,000 $35,000 $47,700 $150,000 $315,000 $368,000 $199,000 $636,000 $298,000 $280,000 $266,000 $790,000 $200,000 $113,000 $1,290,000 $510,000 $1,160,000 $415,000 $630,000 $93,000 $190,000 $1,648,000 $550,000 $83,000 $1,286,000 $200,000

12-SEP-23 8-SEP-23 8-SEP-23 8-SEP-23 8-SEP-23 8-SEP-23 7-SEP-23 7-SEP-23 7-SEP-23 7-SEP-23 7-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 6-SEP-23 5-SEP-23 5-SEP-23 5-SEP-23 5-SEP-23 5-SEP-23 5-SEP-23 4-SEP-23 1-SEP-23 1-SEP-23 1-SEP-23 1-SEP-23 1-SEP-23

2 1 1 1 1 4 1 1 2 3

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Auction Comment.

Ray White Auckland Central.

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Auckland Central Auction Market:

Auction business thrives in 2023.

As we step into the final quarter of 2023, there is an air of confidence permeating through the real estate market in New Zealand. Ray White Auckland Central, a prominent player in the industry, has been instrumental in this surge of optimism. This year, they have orchestrated a total of 175 auctions, showcasing an impressive clearance rate of 73.41%.

The recently concluded New Zealand Election has injected further stability into the market, instilling trust and bolstering investment sentiments. Ray White New Zealand, as a whole, has also witnessed a resurgence of confidence. Last week, Ray White New Zealand organized a substantial 159 auctions, culminating in a commendable 61.2% clearance rate, representing a notable 3.6% increase compared to the same period last year.

A striking feature of Ray White’s success has been the remarkable level of bidder engagement. On average, each auction saw 2.5 registered bidders, demonstrating the strong interest and competitive spirit prevalent in the market. Furthermore, there were 2.0 active bidders per auction, underlining the intensity and enthusiasm among potential buyers.

One of the most significant indicators of the prowess of Ray White’s auction business is the premium achieved for properties sold under the hammer. Last week, these sales commanded an average premium of 13.2%

higher than the highest offer received during the campaign. This statistic not only underscores the effectiveness of their auction strategy but also underscores the value proposition that Ray White Auckland Central offers to its clients.

In a dynamic and ever-evolving market, these numbers reflect the strategic acumen and market insight of Ray White Auckland Central.

Their proficiency in orchestrating successful auctions, combined with their ability to attract and engage a high number of bidders, speaks volumes about their standing in the industry.

With the New Zealand real estate landscape in a state of resurgence and Ray White Auckland Central leading the charge, the future appears bright for both buyers and sellers alike. As the final quarter of 2023 unfolds, all eyes will undoubtedly be on this dynamic and forward-thinking agency, as they continue to set the benchmark for excellence in the auction business.

Cameron Brain.

Auctioneer & Auction Manager

027 424 1782 cameron.brain@raywhite.com 13

Tony Alexander: Don’t be fooled by ‘good’ inflation number ANALYSIS: I’d advise borrowers and potential home buyers not to get overly excited about the annual inflation number coming in about 0.4% lower than expected at 5.6%. The direction of change in the annual rate from 7.2% a year ago is good and we can look forward to interest rates eventually falling.

But we economists don’t just look at this

annual number. We also look at various measures of underlying inflation to see what is truly happening if distortions and special cases of price changes are stripped out. We also look at what happens over the three month periods used to make the four quarter annual change.

In all cases the rise in prices this latest quarter was worse than in the June quarter.

Annual Inflation Since 1990

The official quarterly change was 1.8%, which is appreciably more than 1.1% in the June quarter and 1.2% in the March quarter.

If we strip out food and energy prices the annual rate is 5.2% but the quarterly rise is still 1.3% from 0.9% in the March and June quarters. The other underlying measures show the same pattern.

But there is more to the cautionary view we 14

must still take on inflation than just these numbers. There is also the problem that as yet, and despite the record net inflows of foreign workers, there is no evidence of a sustained slowing in the rate of increase in wages. Eventually wages growth will slowdown because our labour market is highly deregulated and responsive to changes in the availability of labour. But until solid evidence of a slowing in wage

inflation emerges the Reserve Bank is not going to take the risk of saying things look sweet, watching the financial markets rally and mortgage rates decline, only to have to tighten again if it turns out to be wrong.

This has happened in the past and there are enough people with grey hair in our central bank to remember this particular mistake.

Another thing to keep in mind is that the headline inflation rate of 5.6% is still miles away from the target range of 1%-3%. So, much as some forecasters are now pulling back their predictions of additional interest rate increases, the arrival of a fresh interest rates stimulus to the housing market is probably still a story for the second half of 2024.

What about the election outcome? The coming removal of a requirement on the Reserve Bank to try and maintain full employment when setting monetary policy probably won’t make any difference as most of us don’t think it factored that in anyway in recent years while cutting raising interest rates. But if you think it did pussyfoot around on raising rates because of a desire to keep job numbers high, then you’d best assume higher rates will ensue when that

particular requirement is removed.

Of greater significance out of the election is the coming restoration of interest expense deductibility against rental income for investors, and shortening of the brightline test period from ten back to two years.

The latter change may bring a few sellers, through. The interest expense change will encourage extra investor buying.

But with interest rates so high, minimum deposits of 35% of purchase price required, and no evidence that banks are targeting higher lending to investors yet, the impact of any extra buying is likely to only accrue slowly over the next two years.

Of greater significance I feel in the next six months will be first home buyers scrambling to make a purchase before the investors return. They already perceive that the window of opportunity to make a good purchase is closing as we are now into month five of the upward leg of the house price cycle, listings are falling, construction is falling, and construction costs continue to go up.

Independent economist Tony Alexander: “Until solid evidence of a slowing in wage inflation emerges the Reserve Bank is not going to take the risk of saying things look sweet.” Photo / Fiona Goodall

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Market Comment.

Property Management.

Superb.

SuperCity Property Management

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Property Management Comment: September 2023 Auckland City saw a year on year increase of 11.7% and Auckland City District and increase of 12.1%.

The demand for rentals in Auckland is still strong with good numbers at viewings and steady inquiry.

This is largely due to immigration numbers still being strong and people opting to be closer to the City Centres.

North Shore city, Porirua and Manukau city are the most expensive districts to rent in New Zealand, according to the latest data.

Auckland Apartments showed a good increase with the average rent sitting at $580 per week, a 16% increase year on year.

Delanie Horrobin.

New Business Manager- SuperCity Property Management

021 973 927 delanie.horrobin@raywhite.com 17

CO NT A

CT

ME

:

Craig Pettit 027 249 0010

Using your home equity to buy a rental property.

If you already own a home, chances are you may have built up equity over time. Equity is the difference between the current value of your property and the amount you owe on your mortgage.

Leveraging this equity can be a powerful strategy for financing a rental property.

There are two ways to build your equity.

1). The value in your home increases, either through market changes and/or home improvements.

2). By paying off your principal of your home loan over time.

It’s important to note that you can’t use all of the equity from your home. The bank will usually want you to leave at least 20% of the property value so it’s essential to work with a mortgage adviser to explore the best options for leveraging your equity effectively and structuring it correctly.

Deposit Requirements for Rental Properties When purchasing a rental property, the banks generally require a significant deposit these days.

While the exact deposit amount may vary, you will need at least 35% of an existing property’s purchase price. However, if you are buying a new build to rent out, you will only need a minimum deposit of 20% of the property’s purchase price.

Loan Options The most common way to turn equity in your home into “cash” for a deposit on a rental property is to borrow the required deposit against your home. The second part to this is to make sure you are pre-approved for the balance of the purchase price before you go shopping. This may come from a different lender in order to spread your risk across different banks i.e not having the rental property cross securitised with your home. Let’s look at an example to simplify things: • • •

Your home is worth $1,000,000.

You already have a mortgage of $550,000.

Therefore, you have equity of $450,000.

If all the figures stack up in terms of serviceability, the bank will most likely allow you to borrow up to 80% of your home’s value, which in this example would be $800,000 (80% of $1,000,000).

Given that you already owe

$550,000 on the mortgage you will have what we call “usable equity” of $250,000 to use to fund the deposit on a rental property,($800,000 - $550,000 = $250,000).

As you will require a deposit of at least 35% on the new rental, you could possibly purchase something for up to $700,000 as the deposit required will be around $245,000. This would also leave you with a bit of a buffer to pay for things like, building inspections, legal fees and any minor cosmetic touch ups required on the property before you rent it out.

This then allows you to purchase the investment property without contributing and cash. Clearly is there was extra cash available then the purchase price could be higher.

And all of this of course assumes that you can afford to actually service this level of borrowing. That’s where working closely with your mortgage adviser can help you work out the best strategy for buying a rental property and make sure you are set up correctly from the start so you can keep growing your property portfolio.

Separating Your Properties Across Different Lenders

an investment property they may restrict the loanto-value ratio (LVR) to 65% - meaning that the lending on that property can not exceed 65% of the property’s value.

This can make things difficult when you are looking to use equity in your existing property to buy your new home and can put a dampener on the journey to getting into your next home if you don’t set things up properly beforehand. It’s important to get the right advice from the moment you are thinking about this scenario.

A mortgage adviser will have access to specialist lenders that embrace these situations and don’t restrict you from using your equity in this way.

If you have more than one investment property, or plan to in the future, then diversifying your portfolio by using different lenders can provide you with flexibility as the lending market changes. It also splits your risk. For example, if you have multiple properties and mortgages with one lender and you decide to sell one of those properties, the lender may require a complete review of your entire portfolio. This review will be based on the current bank criteria and policies so if the lender’s credit requirements have changed since you took out the original mortgages, they may demand a larger repayment from the proceeds of the sale than what was originally required. So if you are intending on growing your property portfolio make sure to get this set up correctly in the first place to avoid unnecessary stress.

Financing a rental property requires careful planning, research, and expert guidance. By understanding deposit requirements, leveraging equity and exploring loan options, you can maximise your returns and achieve long-term financial success. With the right approach and support, property investment can be a rewarding and profitable endeavour.

What if You Want To Upgrade To A New Home And Keep Your Old One As A Rental?

As always, talking to your trusted mortgage adviser is the best place to start.

In the current market we have had clients taking the opportunity to upgrade to a new home and keep their existing home as a rental property. The hurdle that most people run into is that once the bank is advised that your current home will be turning into

I can help you navigate the way, so feel free to get in touch.

Marketing your home.

A COMPREHENSIVE MARKETING STRATEGY TO REACH ACTIVE & PASSIVE BUYERS.

The marketing strategy is designed to reach the breadth of the active and passive buyer pool in the most effective manner, based on their Media consumption.

Our marketing strategy comprises of 3 key components; property portals, social and multi-channel digital strategy and print media.

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Property Portals.

P R I M A R I LY A C T I V E & S O M E P A S S I V E B U Y E R S

There are 3 key portals, TradeMe Property, Realestate.co.nz and Oneroof.co.nz.

Property Portals generally attract active byers in the market, OneRoof has a unique position as it reaches both active and passive property buyers due to the diversity of information it has on the platform including property

listings, estimated property values, market news and commentary.

It is important to run campaigns across all 3 to effectively cover the breadth of the active buyer pool and a part of the massive buyer market.

None of the property portals have complete market coverage and each of these portals have a set of unique audiences.

Digital Marketing.

AC T I V E & PA S S I V E B U Y E R S

The Ray White City Realty Group has introduced a state-of-the-art digital solution that is powered by artificial intelligence to reach the breadth of the active and passive buyer pool across social media and multiple digital channels, including news and other high traffic websites.

The programme is fully automated in the back end, it creates an audience

segment of active buyers specific to the property as well as reaching the passive buyer pool. The campaign is structured to deliver quality leads for the property, and it auto optimises spend across social media and multiple digital channels, skewing the spend towards channels that are performing the best.

Print Media.

P R I M A R I LY P A S S I V E & S O M E A C T I V E B U Y E R S

Print continues to play an important role to cover the breadth of the market reaching quality and highly engaged audiences. It takes criteriabased search out of the equation with respect to the active market and is the most effective medium to reach the all important passive buyer

market. This is clearly evidenced by the fact that the New Zealand herald has seen a massive 48% increase in its print readership over the last 18 months and average time spent reading the paper is over 50 minutes.

The value of print is also well supported by agent feedback.

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Why choose us?

We’re on the Up-and-up.

Based in the heart of Auckland City, Ray White Auckland Central is an award-winning agency in Auckland City that specialise in apartment sales for investment, luxury waterfront and lifestyle.

Our 183+ dedicated professionals who understand this unique market, are all top performers who have contributed to our phenomenal results. As the Auckland central market continues to experience unprecedented growth, our Lorne Street & Wynyard Quarter offices are well positioned to maintain its leadership in the market.

City Realty has a strategic partnership with LoanMarket, to provide clients with the best mortgage advice and rates with brokers throughout our offices that provide Home Loans, First Home Buyers Loans, Construction Loans, Refinance, Selfemployed Loans and Vehicle Finance – whatever the loan, LoanMarket can help.

Our office achieved the No.4 Ray White office in the world for 2018 and the No. 2 Ray White office in New Zealand for 2018 and we do the highest volume of sales across all agencies in New Zealand.

0800 002 420

www.rwaucklandcentral.co.nz

Leaders in the Auckland Apartment & Residential market.

City Realty Limited (Licensed REAA 2008)

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Meet the team.

Daniel Horrobin

Cameron Brain

Director

Auction Manager

Mike Richards

Belinda Henson

Sales Manager Auckland Central

Sales Manager Wynyard Quarter

Pauline Bridgman AML Officer

OUR SALES SPECIALISTS

SALES TEAM - AUCKLAND CENTRAL OFFICE

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Ady Huang

Aileen Wu

Amit Rana

Ben Parkes

Bosen Han

Carl Russell

Casey Chen

Cheryl Whiting

Chris Cairns

Chris Guilford

Craig Warburton

Danika Ansley

Derek Yin

Dom Worthington

Dusan Valenta

Gillian Gibson

Grant Elliott

Habeeb Urrahman

Holly Cassidy

Jeong Lee

OUR SALES SPECIALISTS

Judi Yurak

Keisha Gutierrez

Krister Samuel

Kristine Liu

Leo Zhang

Leo Zhu

Lisa Hui

Lisa Zhang

Marco Sahar

Mark Li

May Ma

Michelle Yurak

Nick Armstrong

Nicholas Dallyn

Ryan Bridgman

Sam Huang

Steve King

Steve Kirk

Sunniva Gu

Ross Tierney

Louise Stephens

Max Beliak

SALES TEAM W Y N YA R D Q U A RT E R O F F I C E

Gabriela Galateanu

Jorvarn Hicks

OUR LOANMARKET MORTGAGE ADVISORS W E C A N N E G OT I AT E A LO W E R R AT E .

WORK WITH A QUALIFIED AND COMPETENT MORTGAGE ADVISER

Craig Pettit LoanMarket Mortgage Adviser

Laurie Warren LoanMarket Mortgage Adviser

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Create.

Recognise.

Grow.

The group with the family factor.

www.rwaucklandcentral.co.nz