Channel Property February 2024

The

YOUR NORTH SHORE HOMES FOR SALE GUIDE

FEBRUARY 2024

Architectural excellence with views to match

19 Jubilee Ave, Devonport

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Distributed to homes with welcoming letterboxes in Devonport, Cheltenham, Stanley Bay, Stanley Point, Vauxhall, Narrowneck, Bayswater, Belmont, Hauraki, Takapuna, Milford, Westlake, Forrest Hill, Crown Hill, Castor Bay, Sunnynook, Campbells Bay, Mairangi Bay, Murrays Bay, Northcote, Birkenhead, Chatswood, Northcote Point, Birkenhead Point, Hillcrest and to businesses, shopping centres and foyer/reception areas in these areas and Shore-wide. We also have many magazine stands throughout the North Shore.

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FEBRUARY 2024 ISSUE 149

Proudly brought to you by Victoria Bidwell, Bayleys

Unique and Stunning Award Winner Awe-inspiring Views View at bayleys.co.nz/1451546

Positive signs for the housing market elcome to our February 2024 issue of The Property Channel. It is fair to say that the real estate market is not humming like 2021, but things are certainly looking up after the change of government. That has clearly been positive for the market. We have taken a look at recent industry commentary from leaders in this field.

As at December 2023, the median house price in Auckland was $1,050,000.

Up from $610,000 10 years earlier. That means median Auckland property values increased by 5.58% each year, or $44,000 on average.

The Managing Director of one leading property investment company believes it is a good time to buy a property in Auckland, saying it is one of the top three places to invest in New Zealand. That same person also believes that house prices in Auckland are likely to increase in 2024.

The same firm said that Auckland house prices look relatively attractive compared to where they'd expect them to be, suggesting there is a buying opportunity in the region.

Barfoot & Thompson’s Peter Thompson reported that the Auckland property market finished the 2023 year on a 12-month high with prices and sales holding on to the strong gains made since August. His belief was that December’s strong finish to the year has set the market up to have a positive start to 2024. Sales were 60% higher than in December 2022.

In that same report Thompson stated that their average sale price for the North Shore was $1,274,793, up slightly on 2022 ($1,252,147). He also reported that their median December sale price at $1,045,000 was the highest for any month for 12 months, and 9.5% higher than at the year’s low point in July. It was also up 2.7% on November’s median price. This median sales price over the last four months of 2023 increased by 3.9%.

CoreLogic’s report also painted a positive picture.

“Although 2023 was not kind to property values in most parts of the country, the year finished on a positive note, with the national average value up by 1% in December compared to November and most districts posting small gains for the month…”

The CoreLogic House Price Index showed the third consecutive rise in average property values in December, with momentum building. After October's 0.4% increase and the 0.7% gain in November, December saw a rise in property values of

1.0%. This is the strongest monthly gain since January 2022 (2.1%). The gains were widespread across the main centres in December, with Tauranga, Auckland, and Christchurch all registering increases of more than 1%.

CoreLogic NZ Chief Property Economist Kelvin Davidson, said there are signs of the country's upturn slowly broadening, looking at growth patterns across the past three months.

In it’s December report, Ray White New Zealand – with 197 offices across the country – reported very good auction results.

“There was no slowing down for Ray White New Zealand auctions last week, despite spring selling season coming to a close, with the group scheduling 325 properties to go under the hammer, up 53.3% on the same time last year. Ray White New Zealand recorded an all sold clearance rate of 59.8%, up 21.47 per year-on-year. Buyers are still active in the market in the lead up to the festive season, with the group recording an average of 2.3 registered bidders and 1.7 active bidders per auction.”

In what ASB economists describe as "an important watershed", for the first time in 18 months, more Kiwis are expecting house prices to rise than fall.

In their latest quarterly survey ASB economist Nat Keall said a net 34% of New Zealanders expect house prices to rise. This was the first time since April 2022 that those expecting prices to rise has outstripped those expecting them to decrease. Keall sees this as an important milestone. "With recent data generally showing prices no longer falling, Kiwis tend to think the housing market has reached a turning point. We agree, though there is plenty of uncertainty in terms of how strong the recovery will be."

ASB economists agree that prices will rise from here, though they expect this house price uptick to be slower than the last one.

It also appears that respected economist Tony Alexander sees mortgage rates on the way down, but he believes that Reserve Bank is largely responsible for banks not moving as quickly as they should be.

“There have been some small, almost inconsequential cuts in bank mortgage interest rates in recent weeks as banks reacted to a fall in the cost of wholesale borrowing,” wrote Tony Alexander in his mid-January report. “For instance, whereas three months ago it cost a bank 5.65% to borrow money at a fixed rate for two years, the rate now is near 4.7%. That’s a decline of almost one percentage point. Back in mid-October the best fixed mortgage rate on offer from a major bank was 6.99%. It is now about 6.89%. The margin which banks earn for their fixed rate lending has blown out from 1.35% to near 2.2%, with the average for the past two years sitting at 1.4%. Why haven’t the banks passed on this cost reduction?”

He mentioned a number of reasons for this, but firmly pointed to a major factor being that the Reserve Bank has made it clear to the banks that it doesn't want the fall in rates offshore to feed through to lending rates in New Zealand just yet.

“At some point the Reserve Bank will capitulate,” added Alexander. “But we may be months away from that. Until then we are likely to see just small tweaking downward of mortgage rates before some strong reductions occur maybe towards the middle of the year as a current best guess.”

Seems like all indicators are that 2024 will be a good year to buy or sell residential properties.

Going on the market in

2024?

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Liz Cannon on liz@channelmag.co.nz / 021 204 3395 or Kim McIntosh at kim@channelmag.co.nz / 021 419 468

YOUR NORTH SHORE HOMES FOR SALE GUIDE

The very best in resort-style retirement living Spacious, light-filled apartments with floor-toceiling glass, high ceilings, two bathrooms, walk-through wardrobes, large balconies or a patio, and underground parking.

Secure a one, two or three-bedroom apartment at today’s prices with a $5k fully refundable deposit, and move in late in 2025. Or settle on a two bedroom apartment or villa today and move straight in.

Our facilities are nothing short of world class.

The Club House Café is at the heart of our village and adjacent to our stunning three-rink bowling green, and the wellness centre is home to a 20m swimming pool, spa, sauna, therapy pool, and light-filled gym.

The Botanic Silverdale has superb transport links and is close to Orewa, the Hibiscus Coast beaches, and Silverdale’s many shops, cafes and supermarkets.

One bed apartments from $775. Two beds from $975k. Three beds from $1.21m. Some villas are available too.

Live your life, your way at The Botanic Silverdale.

SPECIAL OPE N WEEKEND S AT U R D AY A N D S UN DAY, 1 8 & 1 9 FEB RUA RY 1 0 A M – 3 PM G R A B A CO FFEE A N D A S C O N E O N US !

MEET OUR SALES TEAM The Botanic Show Home 1 Pukanui Place The Botanic Silverdale, Auckland Open for viewing 11am-3pm Monday to Friday, or by appointment 0508 268 264 (0508 BOTANIC) hello@thebotanic.co.nz thebotanic.co.nz

VICTORIA BIDWELL: BAYLEYS RESIDENTIAL

Unique and stunning award winner... ... with awe-inspiring views. 19 Jubilee Avenue, Devonport Inspiring architecture by Michael O'Sullivan has created a unique and stunning, timeless home with this rebuild and contemporary extension of a character bungalow. A 2023 winner of a New Zealand Institute of Architects housing alterations award, plus, a Resene colour award, it has been described as “dramatic", "adventurous" and “fearless” by various experts, but ultimately it is an incredibly liveable home designed to meet the changing needs of a 21st-century family. It boasts possibly the best views in Auckland and offers a true 'resort lifestyle' in the heart of Auckland's favourite heritage seaside village.

Inspired by the mountain (it is positioned on North Head Maungauika), the home has an incredible connection with its natural surroundings.

This connection is created with the huge upperlevel open plan room, ideal for work or play which enjoys panoramic views and access to the pool and spa complex, and which has direct gated entry onto the mountain plus sweeping views of Devonport, beaches, the harbour and city.

The layout is dynamic and offers various spaces for family living: an impressive movie theatre, wine cellar, four bedrooms, intimate and large living spaces, all designed for convivial gatherings or quiet contemplation and privacy when required.

Seamless indoor/outdoor flow is great and offers various options for outdoor living and entertaining.

Four distinct levels are anchored with a staircase flooded with western light. The rebuild of the original bungalow at street-level houses the master suite, complete with a private lounge, office, and additional ensuite bedroom. Throughout the home,

light and sun have been strongly considered in the design; floor-to-ceiling windows showcase the dramatic views, and double garaging plus a huge, covered portico add to the convenience of this expertly curated home.

Quality natural, renewable materials line the home's interiors, including reclaimed timbers and individually dyed wool carpets. Outside, timber weatherboards and shingles nod to the home's original heritage and the use of volcanic stone walls and rich colours extracted from the vegetation connect the extension to the mountain. Inside, an inviting tactile palette of raw materials includes natural stone, cork and glass with exciting colour accents.

Positioned in a tightly held street with stunning views, a minute's walk to the beach and in close proximity to the village, city ferry and excellent schools, this home is very special and an opportunity to celebrate your individuality.

Viewing by appointment. www.bayleys.co.nz/1451546 Tender closes: 2pm, Friday 23 February 2024 (unless sold prior) Victoria Bidwell Residential and Waterfront Sales Takapuna Residential victoria.bidwell@bayleys.co.nz 021 947 080 Bayleys Real Estate Ltd, Takapuna, Licensed under the REA Act 2008

37A Parr Terrace Castor Bay A PERFECT FAMILY RETREAT 4 Bed | 3 Bath | 2 Garage

Stephen Barr 021 619 819

Michael Barr 021 190 5435

stephenb@prestigerealestate.co.nz michaelb@prestigerealestate.co.nz

prestigerealestate.co.nz

Nestled in a quiet cul-de-sac, this impeccable home offers a haven for families seeking tranquility and sea views. Renovated to perfection, this residence is a must-see. Step into a contemporary and stylish interior, boasting an inviting open-plan layout. The heart of the home is a newly designed kitchen with ample storage, positioned to elevate your culinary experience. Every corner seamlessly connects to outdoor spaces, creating idyllic spots for relaxation amidst the peaceful private surroundings.

Prestige Real Estate International Ltd Licensed Real Estate Agent REAA 2008

31 Milford Road Milford PRIME SEAWARD SIDE POSITION 3 Bed | 3 Bath | 2 Garage

Brent Westland 0274 351 458 brent@prestigerealestate.co.nz

prestigerealestate.co.nz

Only 2-3 minutes walk onto the sands of beautiful Milford Beach and the Milford Shopping Centre. Being an 854m2 (more or less) FREEHOLD TITLE Zoned Residential Mixed Housing Urban, in a tropical setting of established Palms and manicured lawns you will find this spacious European inspired brick and cedar property to call home.

Properties of this caliber in this much sought after location rarely become available.

Prestige Real Estate International Ltd Licensed Real Estate Agent REAA 2008

176 Access Road Kumeu Seize the Opportunity of a Lifetime!

5 Bed | 3 Living | 1 Studio | 3 Bath 2 Garage | Heated Pool

Dave Murray 0275 558 929 dave@prestigerealestate.co.nz

Discover: The perfect blend of luxury and potential on 2.2930 Ha (more or less) of Future Urban Land.

Award Winning Home: Immerse yourself in the lap of luxury in this magnificent, five bedroom, 3 bathroom home.

Outdoor Oasis: Step into a world of bliss as entertaining areas flow easily to sunny decks, heated inground pool, spa and landscaped gardens.

Studio Retreat: Provides the ideal space for artistic endeavours or a peaceful sanctuary.

Development Potential: Concept Plans are Available.

prestigerealestate.co.nz

Prestige Real Estate International Ltd Licensed Real Estate Agent REAA 2008

Prestige Real Estate Property Management

You'll be hard-pressed to find a better North facing sea view than that enjoyed from this stunning home in Rothesay Bay on Auckland's North Shore. No expense was spared in the creation of this family home which was fully redesigned and renovated by well respected Synergy Homes.

A boutique North Shore Property Management a low maintenance luxurious lifestyle that will suit those at all stages of life, Company providing a comprehensiveWith service.

128 Churchill Road

this home offers four bedrooms, three bathrooms, two lounges, open plan family

Management packages to suit your property’s specific living and kitchen, internal access two car garaging and a rear outdoor courtyard.

Rothesay Bay needs and to retain the maximum investment return.

Magnificent Seaviews, Location & Quality 4 Bed | 3 Bath | 2 Garage

Zane Blair 021 547 945

Rory Blair 0210 0233 8073

Craig Crosweller 0274 922 156

rory@prestierealestate.co.nz craig@prestigerealestate.co.nz

prestigerealestate.co.nz

Paul Harris 021 940 196

Lynn Blair 09 489 2699 prestigerealestate.co.nz/services/ property-management Prestige Real Estate International Ltd Prestige Real Estate International Ltd Agent REAA 2008 Licenced Real Estate Licenced Real Estate Agent REAA 2008

Lakefront Perfection 16/7 Killarney Street, Takapuna

• Stunning masonry home by Shanahan Architects • North facing - breathtaking views

• Lakefront lock and go 3 bdrm lifestyle townhouse • Direct access to the jetty to lake

Welcome to 16/7 Killarney Street, Takapuna! This stunning masonry townhouse located in the prestigious Killarney Bay complex and designed by Shanahan Architects, offers a comfortable and modern living experience. With 3 bedrooms and 2 bathrooms, this property is perfect for anyone looking to move to a lock up and leave lifestyle on beautiful Lake Pupuke.

Large open plan living flows perfectly throughout, from the fine bespoke kitchen to the spacious lounge which leads seamlessly out to the north facing terraces and easy care landscaped gardens setting the scene brilliantly for unbeatable relaxing and entertaining in style whilst enjoying the breathtaking lake views. Step out your gate to walk down to the jetty, from here you can launch your kayak or paddle board and take advantage of all the wonderful benefits of lakefront living.

Inside, you’ll find an array of features that enhance the overall living experience. Upstairs two of the three bedrooms enjoy wide lake views including the master bedroom suite with walk in wardrobe and ensuite. The designer kitchen is equipped with modern appliances making meal preparation a breeze. The separate laundry adds convenience to your daily routine.

Tucked in behind this is the wine cellar and a large flexi room.

Conveniently located, this home is close to shops, restaurants, transport and the gorgeous Takapuna Beach. Don’t miss the opportunity to make this exceptional property your own. Contact me today for more information or to arrange a viewing. harcourts.net/l25857799 Sale Details: Expressions of Interest close Wednesday 7th February at 4pm (unless sold prior)

021 867 355 lewis.guy@harcourts.co.nz Licensed under the REA Act 2008

Images are artist’s impression

CHELSEA RISE APARTMENTS BIRKENHEAD

Luxury apartment living in Birkenhead High on a sun-soaked ridge, Chelsea Rise offers exceptional possibilities for owner-occupiers and investors alike.

With sweeping views across the Waitematā Harbour, the architecturally designed apartments will be in the heart of the well-appointed Birkenhead village, close to all the natural beauty the North Shore has to offer, and just 8km from Auckland’s CBD. Led by experienced, award-winning New Zealand developer, Darren Brown, the Chelsea Rise team has selected reputable building industry partners, with construction due to commence this year.

At Chelsea Rise you’ll find: • Four sumptuous penthouses • Generously-sized 1, 2 & 3 bedroom apartments with homeoffice options • Stunning views from light-flooded living spaces • Spacious balconies • Carefully considered decor, fixtures and features • Amenities including gym, communal residents’ lounge, and landscaped gardens • Parks, shops, schools, eateries, convenient transport, and more, at your doorstep • Secure, single-level living with lift access.

These majestically-positioned apartments in what is fast becoming one of Auckland’s most desirable suburbs are destined to be in high demand upon completion. Don’t miss the opportunity to secure yours at today’s prices by purchasing from the plans.

Visit chelsearise.co.nz, email info@chelsearise.co.nz or come and see us in our showroom at 82 Mokoia Road.

Est.1984

LUCAS HEIGHTS | 164 ELMORE ROAD Epitome of Luxury Lifestyle Living Nestled in the desirable Elmore Road, this tranquil 208sqm (approx) family home sits on a 1.0509-hectare (approx) north-facing site with private bushland. Designed for elegance and superior living, it offers spectacular native scenery views. The layout includes four spacious bedrooms, two stylish bathrooms, a guest w/c, and an open-plan design perfect for entertaining.

The sunlit kitchen is equipped with high-end appliances, enhancing the family cooking experience.

Features an expansive outdoor area with a louvre roof for year-round enjoyment, double garaging, off-street parking, separate laundry, a man cave, and ample storage. Located just 5 minutes (approx) from Albany village and local amenities make this a highly sought-after opportunity.

HARRY RICHARDS 021 0814 4513 HarryRichards@premium.co.nz TAKAPUNA 916 6000

premium.co.nz/80508 VIEW | SUN 2.30 - 3.15 PM OR BY APPOINTMENT EXPRESSIONS OF INTEREST | 28 FEBRUARY 2024 AT 4 PM UNLESS SOLD PRIOR

p re m i um . c o . nz | F i ne H o m e s | F i n e A p a r t m e n t s | F i n e L i f e s t y l e s Premi um R eal E state Ltd Licensed R E AA 2008

LADY ALLUM

Discover Award-Winning Aged Care, at Lady Allum.

The personalised care you need, all in one place.

Nestled down a quiet, leafy street in the heart of Milford, Lady Allum provides high-quality care, tailored to you. Our beautifully-designed Care Suites offer Rest Home and Hospital level care, with Specialist Dementia Care also available on site.

Sun-soaked and surrounded by mature trees and lush gardens, our Care Suites are the perfect balance of the flexibility and control you’re used to, with the reassurance of extra support when you need it.

And with Lady Allum’s continuum of care, you can relax knowing you won’t need to move if your needs increase.

To find out more, call 0800 333 688 today.

No referral required.

5 Brook St, Milford, Auckland oceaniahealthcare.co.nz For residents 65 years and above.