Latest news with #RayWhiteGroup
Courier-Mail
6 days ago
- Business
- Courier-Mail
Brisbane's housing market scores silver in the race to be the fastest-selling city
Brisbane's homes are selling so fast that the rest of the country is struggling to keep up. New analysis from Ray White Group has found Brisbane to be the second-fastest selling capital city across the country, and the capital that closest follows ongoing Australian trends. Across Brisbane, 64 per cent of homes sell within 15 to 30 days, beating the national median of 31 days. Meanwhile, 19 per cent of homes sell within the first 14 days of the campaign, meaning 83 per cent of Brisbane's housing market is in a healthy condition. This is only beaten by Perth, where 97 per cent of properties will sell within the first month, with 76 per cent of homes selling in the first 14 days. Ray White senior data analyst Atom Go Tian said despite Perth's 'astronomical' growth, there was a concern it may 'rubberband back' when compared to Brisbane's consistent market. 'Brisbane is unique because it mirrors Australia's trend the most closely,' he said. 'My guess is that the price range of Brisbane is very close, historically, to that of Australia … although [sales times] are faster by comparison.' 'Brisbane's been seeing that jump in population, and that's why the urgency has been faster than Hobart, or Canberra.' The data was gathered from data firm Cotality's monthly indices, observing median sale times and a closer analysis of individual suburb sales within each city. Five suburbs observed within Brisbane all sold within eight to nine days, with prices ranging from $522,500 to $750,000. Overall, Australian homes are slowly spending more time on the market, following the post-Covid housing boom. Brisbane homes were on the market for a median of 18 days in June of 2024, and 21 days in June of 2025, compared to a nation rise of 29 to 31 days. CEO of Ray White Collective Haesley Cush said calmer weather and large migration numbers were both big factors when it came to Brisbane's strong house sales. 'The Brisbane market is in great shape for all the market and infrastructure reasons, but beyond that, the market performs when Sydney and Melbourne don't,' he said. 'You've got a lot of people wanting to buy, so you've got the most pent-up competition.' Mr Cush added that one thing going against the city's appeal was building costs, which have skyrocketed in recent years due to an inability to meet demand. 'With Brisbane, all of the good buttons are sitting there,' he said. 'And the one bad button is the cost to build. Unfortunately for buyers, this is a good button for sellers.'
News.com.au
6 days ago
- Business
- News.com.au
Brisbane's housing market scores silver in the race to be the fastest-selling city
Brisbane's homes are selling so fast that the rest of the country is struggling to keep up. New analysis from Ray White Group has found Brisbane to be the second-fastest selling capital city across the country, and the capital that closest follows ongoing Australian trends. Across Brisbane, 64 per cent of homes sell within 15 to 30 days, beating the national median of 31 days. Meanwhile, 19 per cent of homes sell within the first 14 days of the campaign, meaning 83 per cent of Brisbane's housing market is in a healthy condition. This is only beaten by Perth, where 97 per cent of properties will sell within the first month, with 76 per cent of homes selling in the first 14 days. Ray White senior data analyst Atom Go Tian said despite Perth's 'astronomical' growth, there was a concern it may 'rubberband back' when compared to Brisbane's consistent market. 'Brisbane is unique because it mirrors Australia's trend the most closely,' he said. 'My guess is that the price range of Brisbane is very close, historically, to that of Australia … although [sales times] are faster by comparison.' 'Brisbane's been seeing that jump in population, and that's why the urgency has been faster than Hobart, or Canberra.' The data was gathered from data firm Cotality's monthly indices, observing median sale times and a closer analysis of individual suburb sales within each city. Five suburbs observed within Brisbane all sold within eight to nine days, with prices ranging from $522,500 to $750,000. Overall, Australian homes are slowly spending more time on the market, following the post-Covid housing boom. Brisbane homes were on the market for a median of 18 days in June of 2024, and 21 days in June of 2025, compared to a nation rise of 29 to 31 days. CEO of Ray White Collective Haesley Cush said calmer weather and large migration numbers were both big factors when it came to Brisbane's strong house sales. 'The Brisbane market is in great shape for all the market and infrastructure reasons, but beyond that, the market performs when Sydney and Melbourne don't,' he said. 'You've got a lot of people wanting to buy, so you've got the most pent-up competition.' Mr Cush added that one thing going against the city's appeal was building costs, which have skyrocketed in recent years due to an inability to meet demand. 'With Brisbane, all of the good buttons are sitting there,' he said. 'And the one bad button is the cost to build. Unfortunately for buyers, this is a good button for sellers.'
Otago Daily Times
25-06-2025
- Automotive
- Otago Daily Times
Poll: Do we pay too much for car parking in Chch?
By Susan Edmunds You might be paying too much for your parking, new research suggests. Ray White Group head of research Vanessa Rader looked at how New Zealand cities car park prices compared after conducting similar research in Australia. She found what New Zealanders pay for parking varies dramatically, even within cities. On average, she said the daily fees being paid in CBDs was $32.60 in Christchurch, $39.53 in Auckland, and $37.83 in Wellington. But people in Christchurch could pay anything between $10 to $98, while Aucklanders may pay from $12 to $80 and Wellingtonians $15 to $50. She said the range within cities suggested markets were 'highly fragmented' and location, quality and convenience made a big difference to price. In Australia, the difference between cities was much more pronounced than within them, she said. 'People always think of Auckland as being the most expensive but it's not wildly more expensive. 'It's really location sensitive. If people want to be in certain locations they're willing to pay that extra. But if you're just someone that's commuting and you're happy to walk a couple of blocks you can get a much cheaper price and you're still definitely within the CBD.' Rader said Christchurch has the most aggressive 'early bird' discounts at 48.97%, which suggested oversupply or weaker demand fundamentals. 'This mirrors strategies seen in other struggling markets where operators prioritise volume over margin to maintain cash flow. Wellington's more moderate 43.44% early bird discount indicated a more balanced supply-demand dynamic, while Auckland's 43.95% discount suggested healthy competition without desperation.' Rader said booking online would give people good savings on their car parking. Operators had improved their offerings and made it easier to access charging facilities and parking via phone apps, she said. 'You don't need to book days in advance or anything, it's all making it very seamless. Those car parking facilities that have a really easy way of being able to book their parking seem to be doing better.' People who own car park spaces were also using platforms to offer them to other people when they were not in use, she said. 'There seems to be a lot of that happening in Auckland, not anywhere else that I can see.' Christchurch had a 28.2% online discount, Auckland 19.9%, and Wellington 12.8%. She said the shift to working from home had also affected parking operators. But few car parks had changed hands in New Zealand.
Otago Daily Times
22-06-2025
- Automotive
- Otago Daily Times
Are you paying too much for parking?
By Susan Edmunds of RNZ You might be paying too much for your parking, new research suggests. Vanessa Rader, head of research at Ray White Group, said she was inspired to look at how New Zealand's car park prices compared, after conducting similar research in Australia. She found what New Zealanders pay for parking can vary dramatically, even within cities. She said, on average, the daily fee being paid in CBDs was $39.53 in Auckland, $37.83 in Wellington, and $32.60 in Christchurch. But Aucklanders could be paying anything from $12 to $80, Wellington from $15 to $50, and Christchurch $10 to $98. She said that range within cities suggested that markets were "highly fragmented" and location, quality, and convenience made a big difference to price. In Australia, the difference between cities was much more pronounced than within them, she said. "People always think of Auckland as being the most expensive but it's not wildly more expensive. "It's really location sensitive… if people want to be in certain locations they're willing to pay that extra.. but if you're just someone that's commuting and you're happy to walk a couple of blocks you can get a much cheaper price and you're still definitely within the CBD." Rader said Christchurch had the most aggressive "early bird" discounts, at 48.97 percent. She said that suggested oversupply or weaker demand fundamentals. "This mirrors strategies seen in other struggling markets where operators prioritise volume over margin to maintain cash flow. Wellington's more moderate 43.44 percent early bird discount indicates a more balanced supply-demand dynamic, while Auckland's 43.95 percent discount suggests healthy competition without desperation." Book online for savings She said booking online would give people good savings on their car parking. Operators had improved their offerings and made it easier to access charging facilities and parking via app, she said. "You don't need to book days in advance or anything, it's all making it very seamless. Those car parking facilities that have a really easy way of being able to book their parking seem to be doing better." Some people who had access to or owned carpark spaces were using platforms to offer car parks to other people when they were not in use, she said. "There seems to be a lot of that happening in Auckland, not anywhere else that I can see." Christchurch had a 28.2 percent online discount, Auckland 19.9 percent, and Wellington 12.8 percent. She said the shift to hybrid working had affected parking operators. In Auckland, some car parks had additional discounts on Mondays and Fridays. "A clear acknowledgement that these have become the preferred work from home days in many offices… that really shows there's acceptance that the middle days of the week are when parking is more expensive." Few car parks changed hands in New Zealand. "The standout transaction being Downtown Carpark in Auckland's reported sale of $122 million for 2000 spaces at $61,000 per unit, though notably involves redevelopment for mixed-use purposes rather than pure parking investment." Smaller transactions in Wellington (24 Tory Street at $56,610 per unit) suggest varied pricing across different market tiers, however, limited data does make it difficult to benchmark results. "This transaction scarcity reflects the unique nature of parking assets, which are often tightly held by long-term owners or integrated within broader property portfolios. However, the limited liquidity also creates repositioning opportunities for astute investors who recognise that prime CBD parking sites may hold more value as development land than as income-generating parking facilities."
1News
22-06-2025
- Automotive
- 1News
Are you paying too much for parking in NZ's big centres?
You might be paying too much for your parking, new research suggests. Vanessa Rader, head of research at Ray White Group, said she was inspired to look at how New Zealand's car park prices compared, after conducting similar research in Australia. She found what New Zealanders pay for parking can vary dramatically, even within cities. She said, on average, the daily fee being paid in CBDs was $39.53 in Auckland, $37.83 in Wellington, and $32.60 in Christchurch. But Aucklanders could be paying anything from $12 to $80, Wellington from $15 to $50, and Christchurch $10 to $98. She said that the range within cities suggested that markets were "highly fragmented" and location, quality, and convenience made a big difference to price. ADVERTISEMENT In Australia, the difference between cities was much more pronounced than within them, she said. "People always think of Auckland as being the most expensive, but it's not wildly more expensive. "It's really location sensitive… if people want to be in certain locations, they're willing to pay that extra.. but if you're just someone that's commuting and you're happy to walk a couple of blocks you can get a much cheaper price and you're still definitely within the CBD." Rader said Christchurch had the most aggressive "early bird" discounts, at 48.97%. She said that suggested an oversupply or weaker demand fundamentals. "This mirrors strategies seen in other struggling markets where operators prioritise volume over margin to maintain cash flow. "Wellington's more moderate 43.44% early bird discount indicates a more balanced supply-demand dynamic, while Auckland's 43.95% discount suggests healthy competition without desperation." ADVERTISEMENT Book online for savings She said booking online would give people good savings on their car parking. A generic carpark. (file photo). (Source: Operators had improved their offerings and made it easier to access charging facilities and parking via apps, she said. "You don't need to book days in advance or anything, it's all making it very seamless. Those car parking facilities that have a really easy way of being able to book their parking seem to be doing better." Some people who had access to or owned carpark spaces were using platforms to offer car parks to other people when they were not in use, she said. "There seems to be a lot of that happening in Auckland, not anywhere else that I can see." Christchurch had a 28.2% online discount, Auckland 19.9%, and Wellington 12.8%. ADVERTISEMENT She said the shift to hybrid working had affected parking operators. In Auckland, some car parks had additional discounts on Mondays and Fridays. "A clear acknowledgement that these have become the preferred work from home days in many offices… that really shows there's acceptance that the middle days of the week are when parking is more expensive." Few car parks changed hands in New Zealand. "The standout transaction being Downtown Carpark in Auckland's reported sale of $122 million for 2000 spaces at $61,000 per unit, though notably involves redevelopment for mixed-use purposes rather than pure parking investment." Smaller transactions in Wellington (24 Tory Street at $56,610 per unit) suggest varied pricing across different market tiers, however, limited data does make it difficult to benchmark results. "This transaction scarcity reflects the unique nature of parking assets, which are often tightly held by long-term owners or integrated within broader property portfolios. "However, the limited liquidity also creates repositioning opportunities for astute investors who recognise that prime CBD parking sites may hold more value as development land than as income-generating parking facilities."
