Market Report

DECEMBER 2019

What’s happening in our market?

In October 1969, my Father John Newman started selling real estate in Arrowtown. In October of this year, 2019, Newman Real Estate marked 50 years in business in Arrowtown and the Wakatipu Basin.
Through the decades we have seen this town and the wider Basin grow from a sleepy farming community to a bustling tourist town with thriving cafes, restaurants and shops and the population growing from 270 in 1969 to over 3000 people in 2019.
I want to thank all the Sales Consultants and Administration people who have worked with us over the fifty years, their contribution is much appreciated and without them we would not be where we are today. So, my heartfelt gratitude
goes out to you all.
To our past and loyal clients and customers, a big thank you for all your business over the past 50 years; again, it is deeply appreciated and acknowledged. It has been one amazing journey, with six different Companies/Franchises and
numerous employees and Sales consultants.
A special mention and thank you to the Adamson Family whom we have been privileged to be entrusted to sell all their subdivisions from Adamson Drive to Advance Terrace, over the past 50 years.
Next year there will be changes in our business as I commence a succession plan, but in the meantime we are committed to an even better and bigger Real Estate company offering you the best service while continuing with the Ray White family and supporting the Arrowtown Community Clubs and Organisations.
Ray White is a company whose values and ethics are closely aligned to those of the Newman Family, that of trust and integrity and as well as being the largest Real Estate company in Australasia; they are continuing to expand and gain market share in NZ.