“With 2025 off to a strong start, the year is shaping up to be incredibly promising, highlighted by our highly anticipated Auction Day on 30 January,” says Daniel Horrobin, Director of City Realty Group.
“We’re gearing up for a huge Auction Day on 30 January, with what is building to be over 20 Auctions lined up at our central city office on the day. It’s shaping up to be an exceptional opportunity for sellers to beat the competition by getting ahead of the anticipated influx of listings expected in the first quarter 2025,” says Daniel.
The momentum started early with the Ray White exclusive Herald Homes publication on 4 January. “Those who worked through the holiday period have reported strong inquiry levels directly tied to this exposure,” Daniel adds.
The outlook for 2025 is further buoyed by the upcoming OCR announcement on 19 February. “A widely expected cut to the OCR would provide a further confidence boost across the market, reinforcing the positive sentiment we’re already seeing,” he notes.
While media reports carry cautious optimism, there’s acknowledgment of positive market activity. A NZ Herald OneRoof article on 2 January highlighted renewed interest from investors and traders in the auction room. “Investors and traders have started to show their hands again in the auction room and while the resulting sale prices are nowhere near what they were at market peak, the bidding action has been on par. The end-of-year house price forecasts from the major banks have ranged from 5% to 10%-plus in 2025, although rising unemployment, a glut of stock on the market, debt-to-income ratio lending rules, and uncertainty in global politics may act as restraints.”
Reflecting on the bigger picture, Daniel concludes, “The central city is alive with activity—cruise ships arriving, spectacular yachting events, and back-to-back Eden Park concerts creating a vibrant backdrop for the real estate market. It’s a mood of vigilant optimism, and we’re thrilled to lead the charge into 2025. Bring it on, we can’t wait!”
On December 17th, the City Realty Group celebrated the festive season in style at Parasol & Swing. Teams from Mt Roskill, Wynyard Quarter, Auckland Central, Sandringham, and Residents and Projects came together for an unforgettable evening filled with laughter, connection, and holiday cheer. It was a night to reflect on … Read more
Numbers Count “The November 27 cut in the OCR was predicted and very welcome,” says Director of City Realty Group, Daniel Horrobin. This marks the third consecutive cut to the OCR since August, which is now at its lowest level since November 2022. Further good news was reported in the … Read more