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David Rainbow
David Rainbow
One Billion Dollar Club

David Rainbow

Residential Sales

To say that David has enjoyed a successful career to date would be to understate the fact. Over the course of more than three decades at Bayleys he’s helped thousands of New Zealanders 'bring' their property dreams to life, 'becoming' the company’s first residential agent to achieve a billion dollars’ worth of sales in the process.

David credits his enduring success to a number of key strengths, including unparalleled market knowledge, an extensive database and the support of a great team.

However, in a business that evolves as quickly as real estate, it’s David’s willingness to adapt which is perhaps his biggest asset. He’s passionate about the industry, constantly researching the latest trends and innovations in a bid to deliver a true competitive edge for his clients.

Based in our Remuera office and having lived in the area for more than 35 years, David’s understanding of the local market is beyond compare. His expertise stretches from his own backyard through Newmarket, Parnell, Orakei and the surrounding Eastern suburbs. Within this area he works alongside people at all stages of their property journey, specialising in everything from units and investments to family homes and luxury residences.

His achievements have been recognised with virtually every industry accolade there is. David has been named the country’s Top Agent on three occasions, and received awards for marketing and auctions. But it’s an ongoing desire to help people from all walks of life to achieve their goals which continues to drives him on a daily basis, even after his longevity in the business.

If you are looking for a real estate professional with a peerless track record and an intimate understanding of the Eastern Bays’ market, then contact David today.

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Bayleys Real Estate Ltd, Remuera,
Licensed under the REA Act 2008
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Office


Remuera

location
50 Remuera Road, Remuera, Auckland
Bayleys Real Estate Ltd, Remuera,
Licensed under the REA Act 2008

Achievements

2018

Ian McHardy Award for outstanding contribution to Bayleys

2008

Residential Marketing Award

Top of Office - Bayleys Remuera

2004

#1 Salesperson - Bayleys Auckland

2001

#1 Salesperson - Bayleys Auckland

Top of Office - Bayleys Newmarket

1998

#1 Salesperson - Overall

#1 Salesperson - Residential

Bayleys Auction Award

1995

Finalist Residential Salesperson of the Year for Auckland

1991

Winner Residential Salesperson of the Year for Auckland

Bayleys Marketing Award

2012

Top of Office - Bayleys Remuera

2007

Top of Office - Bayleys Remuera

Outstanding Performance Award

2003

#1 Salesperson - Overall

2000

Top of Office - Bayleys Newmarket

Franchise Salesperson of the Year for New Zealand

REINZ Award of Excellence

1997

#1 Salesperson - Residential

1993

Finalist Residential Salesperson of the Year for Auckland

1989

Bayleys Auction Award

2009

Residential Marketing Award

2006

#1 Salesperson - Residential

2002

#1 Salesperson - Overall

1999

Franchise Salesperson of the Year for New Zealand

Top of Office - Bayleys Newmarket

1996

#1 Salesperson - Residential

#2 Salesperson - Overall

1992

Finalist Residential Salesperson of the Year for Auckland

Client testimonials

Slide 1 of 7

David Rainbow & Harry Cheng are consummate professionals. They have excellent communication & relationship skills with both vendor and potential purchasers. I was confident in their guidance at every stage of the journey. I had a similar experience as a previous client of David's. I highly recommend the team - David, Harry & Eifa from Bayley's. Thank you. Heather Whineray Special Stage Step: Send Customer Survey to Vendor.

Heather

David & Sophie were fantastic - keeping me posted on progress or otherwise. Very happy with result in a difficult market.

Rachel Heatley

Great agent who explained everything honestly and openly and made our experience very enjoyable

Philip and Katherine Porteous

Very experienced and very professional extremely appreciative and happy all the co operation given by David Rainbow and his team.

Patrea Burrows - Hall

Really honest and easy to deal with, was a very good experience.

Stuart Mitchell

David and his team are the true professionals. Quick to respond, kept us informed of every development and were genuinely interested and enthusiastic.

Roland & Constance Lennox-King

David Rainbow did an outstanding job in difficult times on a difficult project.

Graeme & Ann Cox

David Rainbow & Harry Cheng are consummate professionals. They have excellent communication & relationship skills with both vendor and potential purchasers. I was confident in their guidance at every stage of the journey. I had a similar experience as a previous client of David's. I highly recommend the team - David, Harry & Eifa from Bayley's. Thank you. Heather Whineray Special Stage Step: Send Customer Survey to Vendor.

Heather

David & Sophie were fantastic - keeping me posted on progress or otherwise. Very happy with result in a difficult market.

Rachel Heatley

Great agent who explained everything honestly and openly and made our experience very enjoyable

Philip and Katherine Porteous

Very experienced and very professional extremely appreciative and happy all the co operation given by David Rainbow and his team.

Patrea Burrows - Hall

Really honest and easy to deal with, was a very good experience.

Stuart Mitchell

David and his team are the true professionals. Quick to respond, kept us informed of every development and were genuinely interested and enthusiastic.

Roland & Constance Lennox-King

David Rainbow did an outstanding job in difficult times on a difficult project.

Graeme & Ann Cox

David Rainbow & Harry Cheng are consummate professionals. They have excellent communication & relationship skills with both vendor and potential purchasers. I was confident in their guidance at every stage of the journey. I had a similar experience as a previous client of David's. I highly recommend the team - David, Harry & Eifa from Bayley's. Thank you. Heather Whineray Special Stage Step: Send Customer Survey to Vendor.

Heather

David & Sophie were fantastic - keeping me posted on progress or otherwise. Very happy with result in a difficult market.

Rachel Heatley

Great agent who explained everything honestly and openly and made our experience very enjoyable

Philip and Katherine Porteous

Very experienced and very professional extremely appreciative and happy all the co operation given by David Rainbow and his team.

Patrea Burrows - Hall

Really honest and easy to deal with, was a very good experience.

Stuart Mitchell

David and his team are the true professionals. Quick to respond, kept us informed of every development and were genuinely interested and enthusiastic.

Roland & Constance Lennox-King

David Rainbow did an outstanding job in difficult times on a difficult project.

Graeme & Ann Cox

Useful resources

Slide 1 of 2

Deciding to sell at auction is a big decision which offers great benefits for suitable properties. A sale by auction puts serious buyers together in one place to determine true market value.

As with many situations in life, being prepared and armed with the best knowledge and information, is the key to successfully managing a positive outcome for the sale of your home.

Deciding to sell at auction is a big decision which offers great benefits for suitable properties. A sale by auction puts serious buyers together in one place to determine true market value.

As with many situations in life, being prepared and armed with the best knowledge and information, is the key to successfully managing a positive outcome for the sale of your home.

Deciding to sell at auction is a big decision which offers great benefits for suitable properties. A sale by auction puts serious buyers together in one place to determine true market value.

As with many situations in life, being prepared and armed with the best knowledge and information, is the key to successfully managing a positive outcome for the sale of your home.

Deciding to sell at auction is a big decision which offers great benefits for suitable properties. A sale by auction puts serious buyers together in one place to determine true market value.

As with many situations in life, being prepared and armed with the best knowledge and information, is the key to successfully managing a positive outcome for the sale of your home.

Tips for buying at auction

Auctions are an increasingly popular sale method because they are a straightforward way to buy and sell property in an open environment.

Buyers preparing for auction may like to attend other proceedings to get a feel for the environment. Bayleys offices across the country hold weekly auction schedules, and we encourage you to speak to your local salesperson and come along. Other preparations may include:

  • Engaging qualified professionals to assist in due diligence e.g. preparing a building report, conveyancing, acquiring a registered valuation of the property
  • Organise finance from a lending authority or bank
  • Familiarise yourself with the terms and conditions of sale set out in the Sale and Purchase document. Discuss these with your Bayleys salesperson if you require clarification

No. At Bayleys auctions, there is no formal need to register. Before bidding, however, you must have received a copy of the ‘Approved Buyers Guide’ to ensure you understand your obligations under the Real Estate Agents Act 2008. Your Bayleys salesperson will require receipt of this in writing.

For more information about the Real Estate Agents Act 2008, visit rea.govt.nz

For purchasers interested in bidding at auction, we recommend clear and concise communication, and a prior discussion about your sales strategy with your Bayleys residential sales expert, who will be available to guide you through the process.

  • The auctioneer manages all sale proceedings and is the person to look to for live bidding levels and property status
  • When they announce a property is ‘on the market’, it has reached its reserve price and will be sold to the highest bidder following three final calls and the fall of the hammer
  • If you wish to bid, we recommend raising your hand, so it is visible to the auctioneer, and calling out the bid in a loud, clear voice
  • Should bidding not reach the seller’s reserve price, proceedings may pause, and the property will be open to negotiations with the leading bidder

The reserve price is the minimum value a seller will accept for their property.

  • The reserve price will not be disclosed to bidders until such a time as live bidding reaches the reserve level, and the auctioneer will announce the property is ‘on the market for sale’
  • Once the reserve price has been reached, the property will be sold to the highest bidder

The auctioneer is the only person in the room with the discretionary right to bid on the seller’s behalf, an agreement all Bayleys sellers have acknowledged in writing.

Vendor bidding can occasionally stimulate activity and give potential purchasers a better indication of the reserve price and level at which the property may sell.

Yes. Most auction properties where the seller is willing to accept a pre-auction offer will be marketed with the words ‘unless sold prior’. This gives buyers an indication that the auction date could be subject to change should the seller receive an attractive offer before the scheduled date.

To help protect your buying interests, we recommend speaking with your Bayleys salesperson to ensure you are informed of all developments, including whether another purchaser has submitted a pre-auction offer.

If this is the case, all interested parties are invited to submit their best offers, one of which the seller may accept. As a result, the scheduled auction date may be moved up, with proceedings opening at the level of the accepted pre-auction offer.

You don’t. Auctions are an excellent way to determine current market value and have become an increasingly popular sale method thanks to a successful blend of transparency and simplicity. Your local Bayleys sales expert will be able to provide more information to help you to feel more confident about the auction process.

Before bidding, all interested parties will have access to the auction contract, with additional copies on display prior to proceeding commencement. The auction contract will clearly show all terms and conditions, including warranties, deposit requirements, the settlement date and chattels. Bayleys recommends seeking qualified legal advice before entering any agreements for sale or purchase.

While it is disappointing to miss out on your dream home, there’s always the possibility that another buyer may be willing to pay more for a certain property. If so, we recommend learning from the experience and continuing your search. Buyers with a strong understanding of their lifestyle requirements and price expectations are best-positioned to win on the day, details which your Bayleys salesperson can support with their local market knowledge and the latest comparable sales.

If the highest bid doesn’t reach the reserve value, the property will be ‘passed in’, and the auction will conclude. The seller will then consider any post-auction offers which may or may not contain conditions. Typically, the auctioneer will give the highest bidder a chance to negotiate for the property during the auction. This ensures that buyers are provided with every opportunity to buy, on the sellers’ terms, before proceedings are concluded and the property re-opened to the broader market.

Contact David Rainbow