The residential real estate market is bouncing back, according to Don Ha Real Estate-Ray White Manukau’s Mandeep Gill. “The number of sales show robust growth,” Mr Gill told Indian Weekender after the successful auction at Buckingham Crescent in Papatoetoe.
“The property was lapped up for several thousand dollars more than the reserve price, which shows the market is definitely recovering,” he said.
And it was not just this month that the market is looking up: Ray White Manukau sold 43 properties at 15.7 million in March; 57 at 22.42 million in April, 56 at 20.9 million in April and an impressive 81 properties at 25.6 million in May. “If this is not an upswing, what is?” Mr Gill said.
A steady increase in vendors taking the auction route usually indicates a strengthening market. “Auction is the way to go,” Mr Gill said pointing out to a number of highly satisfying auctions that his team has conducted in the past few months. It gets handsome returns if done the right way.
And what is the key to success in auctions? “Marketing is everything,” Mr Gill said.
“The vendor at Papatoetoe spent just $3,200 in marketing efforts in which we gainfully assisted given our wide experience – and that’s brought in the results. The vendor reaped an excess of $12,000 over what he had expected to gain from the sale.”
Don Ha Real Estate is well known for its marketing because of the experienced guidance of Mr Don Ha, one of New Zealand’s most successful real estate entrepreneurs who is also a NBR rich lister and well known horse breeder. His mentoring goes well beyond his real estate business in that he now shares his rich experience in achieving success in real estate investment with seminars for potential investors across New Zealand.
Mr Gill advised potential vendors to go with experienced marketers and set up a marketing budget if they are aiming at maximizing their gain from the auction or sale of their properties.
The residential real estate market is bouncing back, according to Don Ha Real Estate-Ray White Manukau’s Mandeep Gill. “The number of sales show robust growth,” Mr Gill told Indian Weekender after the successful auction at Buckingham Crescent in Papatoetoe. “The property was lapped up for several...
The residential real estate market is bouncing back, according to Don Ha Real Estate-Ray White Manukau’s Mandeep Gill. “The number of sales show robust growth,” Mr Gill told Indian Weekender after the successful auction at Buckingham Crescent in Papatoetoe.
“The property was lapped up for several thousand dollars more than the reserve price, which shows the market is definitely recovering,” he said.
And it was not just this month that the market is looking up: Ray White Manukau sold 43 properties at 15.7 million in March; 57 at 22.42 million in April, 56 at 20.9 million in April and an impressive 81 properties at 25.6 million in May. “If this is not an upswing, what is?” Mr Gill said.
A steady increase in vendors taking the auction route usually indicates a strengthening market. “Auction is the way to go,” Mr Gill said pointing out to a number of highly satisfying auctions that his team has conducted in the past few months. It gets handsome returns if done the right way.
And what is the key to success in auctions? “Marketing is everything,” Mr Gill said.
“The vendor at Papatoetoe spent just $3,200 in marketing efforts in which we gainfully assisted given our wide experience – and that’s brought in the results. The vendor reaped an excess of $12,000 over what he had expected to gain from the sale.”
Don Ha Real Estate is well known for its marketing because of the experienced guidance of Mr Don Ha, one of New Zealand’s most successful real estate entrepreneurs who is also a NBR rich lister and well known horse breeder. His mentoring goes well beyond his real estate business in that he now shares his rich experience in achieving success in real estate investment with seminars for potential investors across New Zealand.
Mr Gill advised potential vendors to go with experienced marketers and set up a marketing budget if they are aiming at maximizing their gain from the auction or sale of their properties.
Leave a Comment