Channel Property May 2024

www.bayleys.co.nz/1451595

Experience the epitome of luxurious living at the meticulously crafted rebuild of the large character villa at 22 Mays Street, Devonport. This home is exceptional, finished to the highest standards and nestled in an elevated position boasting beautiful views of the harbour and city skyline.

As you step into the home, you will be greeted by the elegance of contemporary luxury, thoughtfully modernized to embrace the wonderful views, the comforts and conveniences of contemporary living, creating an ambiance that is both timeless and welcoming.

This home offers a unique opportunity to the discerning buyer. The renovation was undertaken to create a “forever home” for my vendors and their family. An overseas work opportunity which will take them out of New Zealand for a number of years has resulted in the newly completed home being offered to the market. The interiors are a testament to thoughtful planning and expert craftsmanship, whether you’re relaxing in one of the three separate living rooms, unwinding in the huge master suite, immersing yourself in work in the spacious office, or watching a movie in the dedicated media room, every corner offers sophistication and comfort.

Outside, professionally landscaped gardens, lead to an inviting in-ground swimming pool, the double garage and ample off-street parking ensure convenience and ease for your lifestyle needs.

Victoria Bidwell

Luxury Property and Waterfront Specialist

Specialising in Takapuna and Devonport Peninsula

International Property Awards, London - Winner Best Property Marketing

Winner Bayleys National Waterfront Marketing Award

Top agent Bayleys Takapuna since 2006

Winner Bayleys National Residential Marketing Award – Best Property Marketing Bayleys National Top Achiever since 2007

021 947 080 I victoria.bidwell@bayleys.co.nz

Housing market shows positive signs

The Real Estate Institute (REINZ) released its March 2024 data in mid-April, showing a significant increase in listings and stock levels, creating more options for buyers.

Chief Executive Jen Baird said the market is clearly more active compared to a year ago, with high listing numbers, increased stock levels, higher sales counts, and higher median sale prices.

“Listings increased substantially, up by 23.9% nationally compared with March 2023, reinforcing a trend we have seen since the beginning of 2024 with more property coming to market. New Zealand's stock levels also saw a year-on-year increase, which means more available properties for sale and more choices for buyers. Agents are seeing activity among a range of buyer groups, with first-home buyers and owner occupiers being the most active.”

to 6,521. Only Northland (-1.9%) and Otago (-6.3%) recorded decreased sales activity compared with March 2023.

The national median sale price increased by 2.7% from $779,000 to $800,000.

“This is the second consecutive month recording a year-on-year increase in the median sale price nationally. This, along with the increased year-on-year levels of sales and listings, suggests that we are past the lowest point of this market cycle.”

Median days to sell decreased by six days compared to a year ago, from 44 to 38 days.

Overall, the data paints a picture of the New Zealand housing market being more active, characterised by increasing listings, solid sales activity, expanding stock levels, and lifts in property prices.

Listings in Auckland were up 986 listings (+31.4%). New Zealand’s inventory levels have increased overall by 13.5% from 29,284 to 33,245 properties year-on-yearthe highest level since 2015.

The total number of properties sold in New Zealand increased in March (+7.4%) compared to February 2024, from 6,073 to 6,521, and up 8.0% year-on-year, from 6,040

“This summer has seen a return to a more normal level of real estate market activity after a relatively slow and subdued 2023. Reasons for this will vary, for example, some vendors may prefer not to wait any longer and are willing to ‘meet the market’ with their price expectations. Some buyers may want to act now ahead of potential further lifts in sale prices or potential increased competition for properties, as upcoming changes to bring the bright line test back to two years, and the reintroduction of interest deductibility on investment properties, are expected to draw some investors back to the market in the next few months.

“The current economic environment with higher interest rates and some uncertainty in the jobs market will mean some buyers remain cautious, with prices still off their peaks from a couple of years ago, however growing numbers of buyers are acting now. Most agents are cautiously

optimistic that market activity will continue to pick up as we move into the cooler months,” added Baird.

The median house price for the North Shore in March 2024 was $1,232,000, up from the median house price in March 2023, which was $1,145,000. The number of homes sold on the North Shore in March 2024 was 317, versus 305 homes sold in March 2023.

Pretty good news for both buyers and sellers at the moment.

Going on the market in 2024?

Coastal living at Langs 1116 Cove Road, Langs Beach

Asking price: $1,198,000

Welcome to your new permanent holiday retreat. Located only a short walk away from two of Northland's most pristine beaches, this modern three bedroom, two bathroom Cove Road property would make a perfect holiday home or a permanent residence by the beach.

Inside, discover three double bedrooms, including a separate master bedroom featuring a spacious walk-in wardrobe, fully tiled ensuite, and an adjacent small office space. The central open-plan lounge and dining area seamlessly integrate with the professionally designed kitchen and breakfast bar, creating an inviting space for gatherings. The separate wing boasts two additional double bedrooms, bathroom, separate toilet, and a laundry area.

Step onto the front and back decks skillfully designed to capture sunlight all day long. Enjoy views of the Hen and Chicken Islands from the east-facing deck, or entertain guests under the umbrella on the west-facing deck while taking in the serene surroundings. The section offers a blank canvas for landscaping and gardening enthusiasts. For boaties, there is easy access for tractors and trailers. For surfers and swimmers, Ding Bay is only a short walk away via the public path down to the beach. For walkers, the famous Waipu Coastal Walkway is handily located just across the road.

The current owner is relocating due to health reasons so this presents an incredible opportunity for those seeking a future home near the beach in an idyllic setting. Don't miss out on making this your own slice of paradise. Contact the agent today to discuss your future in this remarkable property.

Listing: chandlers.co.nz/listing/1116-cove-road-langs-beach

Incredible waterfront opportunity 49A Churchill Road, Murrays Bay

Located on approximately 1,192m2 of prime waterfront land, this is an incredible opportunity to secure one of Churchill Road's treasures.

Built in 1969 and cleverly designed across the width of the section, every room in the house captures the sun and magnificent, wide sea views of the Hauraki Gulf and beyond. With its own private gated access to Churchill Road Reserve, you literally have an extended backyard, with coastal walkways and the beach just metres away.

The main house offers three bedrooms, including the master with ensuite and walk-in wardrobe, while a separate one-bedroom granny flat offers flexible living for teenagers or extended family. With lovely open plan living, a wonderful north-facing flow has been created out to decks and gardens making the most of the incredible vista, while on the other side of the house, a sheltered garden and courtyard offer a peaceful retreat. A large internal double garage with an extensive workshop and storage area downstairs completes this amazing package. This property offers huge potential to further re-develop and take advantage of this very special location. Zoned for excellent schooling including Murrays Bay schools and Rangitoto College.

The current owners have lived and loved this incredible property for the past 24 years, and now the time has come to pass it on.

Expressions of Interest to be submitted by 4pm, Thursday 2 May 2024 (unless sold prior).

Craig Crosweller, 021 630 150 Fleur Davis, 022 192 1614 craig@prestigerealestate.co.nz fleur@prestigerealestate.co.nz prestigerealestate.co.nz

88 Churchill Road Murrays Bay

FAMILY HOME WITH INCREDIBLE SEA VIEWS

Craig Crosweller 021 630 150

Fleur Davis 022 192 1614

craig@prestigerealestate co nz fleur@prestigerealestate.co.nz

prestigerealestate.co.nz

Introducing 88 Churchill Rd, a stunning family residence sitting on a spacious wide site of approx 962m2 of prime freehold land

Private, elevated, north facing, and commanding majestic sea views over the Waitemata harbour, this fabulous home offers the perfect layout for family living and entertaining.

Murrays Bay

Milford

Murrays Bay

Milford

Mairangi Bay

Rothesay Bay

Murrays Bay

Milford

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.

You can relax knowing you won’t need to move if your needs increase.

To find out more, call Rachel on 0800 333 688 today.

TAKAPUNA | 164 HURSTMERE ROAD

Unique Apartment & Investment Opportunity

Featuring a 3 bedroom, 1 bathroom apartment on the first floor plus two retail shops on the ground floor, 164 Hurstmere Road is a truly special and rare freehold offering in the heart of Takapuna. The apartment is private, beautifully appointed with a spacious open plan main living and dining area plus there is a charming balcony, lawn and garden area. This location offers a superb lifestyle with such close proximity to the shops, beach and all that Takapuna has to offer. Positioned just a couple of minutes’ walk from beautiful Takapuna beach, the residential and retail demand in this location is very strong and with new developments either planned or under construction in close proximity, this property is perfectly positioned to benefit from the growth occurring in Takapuna. Rarely do sunny 3 bedroom apartments on a freehold title in the heart of Takapuna become available and with the added benefit of income from two main road retail shops, this really is the perfect investment package.

premium.co.nz /80535

VIEW | PLEASE CALL FOR VIEWING TIMES

EXPRESSIONS OF INTEREST | THURSDAY 16 MAY 2024 @ 4 PM