Hey everyone, Chris here. I’ve recently returned from a transformative trip to the New Zealand Real Estate Conference (NZREC), and I’m still buzzing from the excitement and insights I gained there. Imagine spending time with brilliant minds like Kyle from AI Real Estate, a keynote speaker, and his mate Diego, who organised the whole event. It was a golden chance to not only catch up with friends but also to meet outstanding real estate agents and clients from both New Zealand and Russell Island.

Learning and Applying New Techniques

One invaluable takeaway from the conference involved video marketing strategies I learned from Lisa Simmons. Lisa’s unique three-minute property documentaries inspired a similar approach back home, leading to the sale of a property in just seven days at above asking price. By focusing these videos on the homeowners’ stories and their love for their properties, rather than traditional sales tactics, we’ve engaged viewers more effectively—almost 90 to 100 percent viewership retention on YouTube!

Youthful Energy at Work

Another refreshing aspect of the NZREC was the youthful energy among the speakers. Average ages hovered around 35; these young, dynamic agents are pulling in tens of millions in property sales each year. Listening to their innovative ideas was invigorating, a reminder of the value in learning from every generation.

Cross-Regional Market Insights

During my stay, my attention was also captured by the economic contrasts between Australia and New Zealand. Australia’s annual influx of 600,000 new residents boosts our economy but also stresses our housing markets, contributing to significant price hikes. In contrast, New Zealand faces challenges with expats moving to Australia, affecting their real estate economy. However, expert insights at the conference suggested an optimistic outlook for 2025, with potential economic strengthening.

Local Market Developments and Predictions

Back on the islands, our market remains robust. October was exceptional, with over $6 million in sales—a record month! The price trends here on Russell Island reflect broader shifts; we’re seeing buyers with bigger budgets making significant purchases, pushing our median property prices up sharply from the previous month.

Exciting times lie ahead as well. Post-election landscapes, whether state or federal, invariably impact markets. As we anticipate upcoming elections in Australia, including influences from the US elections, market dynamics could shift once more.

Community Engagement and Support

Beyond real estate, it’s been a joy to engage with our community through events like the local show, Dracula, which Gallery 19 and I proudly sponsored. It was not just a performance but a community event, bringing people together and offering local artists a stage to shine.

Planning for November and Beyond

I’m anticipating November to maintain its dynamism, with upcoming property listings and varied buyer interests. Builders are keen, eyeing land acquisitions for future projects, while our island’s infrastructure improvements continue to attract attention. As agents and locals, it’s our mission to adapt and capitalise on these developments.

A Call to Action

For property owners considering selling, now is the time! The current market conditions favour sellers with competitive prices. Meanwhile, for buyers, being cash-ready and decisive is crucial in this competitive landscape. Reach out if you need an up-to-date property valuation or wish to discuss the potential sale or purchase.

Our team at Bay Islands Property is expanding, and with experienced agents like Olivia, Amy, Lisa, and Deb onboard, we’re ready to tackle the challenges ahead. If you’re interested in joining a dynamic and growing team, give me a call.

Remember, whether you are inquiring about property value updates or considering stepping into the market, I’m here to help you navigate these exciting times. Let’s make the most of the opportunities on our beautiful islands!

Chris McGregor  

Bay Islands Property