WHEN YOU CHOOSE TO WORK WITH THE
N0. 1 HARCOURTS OFFICE
IN THE WORLD (OUT OF 800 OFFICES)
HARCOURTS GOLD
PAPANUI
reside OUR EXCLUSIVE PROPERTY MAGAZINE
ISSUE 23 11TH AUGUST 2016
YOU’RE IN GOOD HANDS
URTS G
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AUGUST D
WORK WITH THE
BEST!
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13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 GOLD AUCTION DAYS
JOHN MCFADDEN Business Owner Harcourts Gold AREINZ
LYNETTE MCFADDEN Business Owner Harcourts Gold AREINZ
CAMERON BAILEY Business Owner Harcourts Gold & Sales Consultant
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ORDER OF SALE
Meet Our Top Performers
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CONTENTS
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Welcome to the August edition of Reside magazine The property market is booming this August so if you’re looking to buy or sell, steady price growth and low interest rates make Winter the right time to strike.
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We’re confident that we have properties to meet everyones real estate needs.
Happy reading
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Auction Bid Record
Auction Results
Upcoming Auctions
Market Comment
Gold Chat
Conduct Of Auction
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ORDER OF SALE
MEET TODAY’S AUCTIONEERS
AUGUST 11TH, 2016 From 10:00am 01
1D Moule Street, Addington
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69 Deans Avenue, Riccarton
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33 Pohutukawa Crescent, Tumara Park
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7 Cromer Place, South New Brighton
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116 Watford Street, Strowan
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3 Roullet Lane, Yaldhurst
BRYAN THOMSON FREINZ AUCTIONEER
BEN DEANS AUCTIONEER
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
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1D Moule Street, Addington
FROM 10:00am
Move into Moule! • A modern, easy-living, low maintenance, warm, welcoming and sunny home in Addington now available! • With popular cafes, restaurants, and a number of businesses in the area, this property is also conveniently located within 1.8km of Hagley Park and within walkable distance of Tower Junction shops and Riccarton Mall. Horncastle Arena, Addington Raceway and AMI Stadium are across the road. • The 3 bedrooms 2 bathroom home has instance appeal, being well positioned to soak up the sun and very well cared for. The living provides for indoor/ outdoor flow to the private court yard and easy care grounds. • The property also has off street car parking and a double garage with internal access. Constructed out of permanent material, double glazed and well insulated. • There is so much on offer here - you will be impressed.
LEWIS DONALDSON PAPANUI
FOR YOUR REFERENCE. SALE PRICE
02
$...........................................
69 Deans Avenue, Riccarton Superb Location - Superior Living - Boys’ & Girls’ High Zone • This well thought out design, features an aesthetically pleasing combination of both plaster over concrete panel construction and timber detailing to ensure solidarity & individuality. • The warmth of all day sun is enhanced by double glazing, and an extensive heating system ensuring comfortable living, whilst the double garaging with internal access, off street parking and the fully fenced 541sqm section offers space, security and peace of mind. • Stand-a-lone with a freehold title, the functional floorplan includes three generous sized double bedrooms upstairs, the master hosting an ensuite and superb built in robe, main family bathroom with bath and shower, and separate toilet facility.
TRACY FREW PAPANUI
• From here it’s an easy stroll to Hagley Park. Adding to the appeal of this highly sought after location is zoning for CBHS, CGHS - even if they are not of immediate use, rest assured they serve to underpin the value of your investment.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
& Bolts A Nuts snack for Olympic TV Watching Ingredients 1 pkt of Nutrigrain cereal 1 pkt of salted peanuts ½ cup oil - I like to use melted coconut oil 1 pkt cream of chicken soup mix 1 pkt French onion soup mix 1 tsp curry powder 1 tsp mustard powder ¼ tsp chilli Method Melt or heat oil, then add soup mix along with curry, mustard and chilli powder. Stir to coat well Nutrigrain and peanuts. Cool before storing in an air tight container.
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33 Pohutukawa Crescent, Tumara Park An opportunity Beckons - Owners say SELL!!!! • Upon approach, the delights within this property are hidden but I can reassure you it’s well worth viewing 33 Pohutukawa Crescent. • Step inside and you will instantly be greeted with an enviable blend of effortless contemporary sleekness and comfort throughout. • The property offers a spacious 204m2 floor plan has many added extras throughout, this home has been built with a lot of pride. • There are excellent connections from the living spaces - allowing entertaining with friends/family a breeze or just sit and relax after a busy day overlooking the private well established grounds. • Situated on a private well established easy-care 512m2 section. • The criteria for recreation is met with ease in this location with Bottle Lake Forest and Waitikiri Golf Course on your doorstep.
SHARON TRUMPER PAPANUI
• With a new home on the horizon, our owners are committed to passing on this property to a new family to enjoy.
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
7 Cromer Place, South New Brighton Cheap Coastal Retreat • Following a 50+ year tenure this dearly loved home is now up for your adoption. • A post-quake relocation has seen our elderly owner move closer to family, hence following a final insurance settlement our instructions are to sell on an ‘as is, where is’ basis. • While exhibiting foundation settlement, lucky new owners will soon appreciate that the bones of this property are still in good shape, providing opportunity for those with the requisite skills to both reinstate and reinsure. • Tucked away on a rear setting, privacy and security go hand in hand with this generous 832sqm parcel of land - the ultimate affordable coastal retreat.
PETER GRIFFIOEN PARKLANDS
& CALEB GRIFIOEN
• 7 Cromer Place provides an affordable starting point or capital enhancement project.
FOR YOUR REFERENCE. SALE PRICE
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WORK WITH THE
BEST!
$...........................................
WORD Christchurch Writers & Readers Festival 2016 24th to 28th August Issac Theatre Royal The Read Aloud Schools programme is presented in partnership with Harcourts gold.
( Great)GOLD GIVEAWAYS
TO WARM UP WINTER enter the draw at www.homes4sale.co.nz or like our Harcourts gold Papanui Facebook page
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116 Watford Street, Strowan Easy Living & Location • This renovated villa offers a blend of charming character and modern convenience to create the perfect home for easy family living. Situated in the heart of Strowan, the hard work has been done to create a practical entry to a sought-after neighbourhood. • Updated for contemporary lifestyles, the open-plan living and dining areas enjoy a north-facing aspect and open to the garden for seamless entertaining. Light and airy, the kitchen is a modern and practical workspace flowing to adjoining dining. The living room features neutral décor accented by touches of original character. • Three cosy bedrooms, the master opening to the garden and featuring adjoining office/storage space, are served by a modern bathroom with separate bath and shower. A single garage and additional studio/office provide further options.
CAMERON BAILEY PAPANUI
• Outside, the 538 sqm of TC2 land is fully fenced and landscaped, while spacious north-facing decking ensures excellent indoor/outdoor living.
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
3 Roullet Lane, Yaldhurst Take a Spin on Roullet Lane! • Welcome to Delamain Park where three is your lucky number! • This immaculate ex-show home is sure to impress, built in 2008 the home boasts double glazing throughout, underfloor heating, heat pump and a gas fire. Warm for the Winter and great for entertaining in Summer, the property maximises its north-facing situation with bi-fold doors out from the dining room onto a generous BBQ/patio area. • The kitchen is beautifully crafted and is the hub of the home, in contact with both living and dining spaces and totally sun-drenched. Understated elegance, generous bedrooms, luxurious bathrooms and a separate study nook - prepare to be pleasantly surprised.
PETER GRIFFIOEN PARKLANDS PAPANUI
& TESS MALEY
• If the well maintained 650m2 grounds, which include double garaging and additional off street parking isn’t space enough, you will be part of a quiet, but convivial, cul-de-sac community, just a stones’ throw away from Delamain Park - providing plenty of space for the family, with a large field, playground and a basketball court.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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CONSULTANTS
HARCOURTS GOLD
UR TS G CO
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TOP 10
R H
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WORK WITH THE
BEST!
JULY 2016 TOP
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CONSULTANT IN JULY
CAMERON BAILEY
MARY TURNBULL
PAPANUI
PAPANUI
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PETER GRIFFIOEN PARKLANDS
MARK O’LOUGHLIN REDWOOD
Standing out in a high-performing team, the top ten consultants at Harcourts gold are experts in navigating the Christchurch market.
Their success is testament to their diligence and the tremendous hard work they put in on behalf of owners.
Demonstrating their expertise in the auction room or across the negotiating table to deliver the best results for owners of homes at all price levels.
I am extremely proud to work with these real estate professionals.
JOHN MCFADDEN AREINZ BUSINESS OWNER HARCOURTS GOLD
“Now is an excellent time to consider a real estate move. Talk to any of this team in confidence for an update on the market and how you can get the best out of it!”
03 DEBBIE SOPER
04 LEEANN MARRIOTT
PAPANUI
PAPANUI
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FOSS SHANAHAN
ANDREW SWIFTAREINZ
PAPANUI
PAPANUI
05 BEV JOHNSON NEW BRIGHTON
10 DEB CROSBY PAPANUI
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AUCTIONS DRIVE RESULTS ‘MAGIC TOOK PLACE BEFORE OUR EYES AT THE AUCTION. I’D SPENT A RESTLESS NIGHT WORRYING NEEDLESSLY ABOUT MY BOTTOM LINE. THE AUCTION JUST ERUPTED ROARING WAY PAST OUR RESERVE, WAY BEYOND RV, AND WE SUDDENLY FOUND OURSELVES THE CENTRE OF ATTENTION, WITH APPLAUSE, HANDSHAKES, HUGS AND KISSES ALL ROUND. EVEN NOW I’M FEELING QUITE STUNNED ABOUT WHAT TOOK PLACE.’ KIND REGARDS CHRIS AND DEZZA AXFORD
0 WITHDRAWN
SOLD PRE AUCTION
8 PROPERTIES
24%
9 PROPERTIES CONSISTING OF
NOT SOLD ON OR BEFORE AUCTION DAY
8 AVAILABLE
9 PROPERTIES
19%
81%
SOLD
1 SOLD BETWEEN 0-5 DAYS
3 CURRENTLY UNDER OFFER
TOTAL SOLD PRE AUCTION TOTAL SOLD BY AUCTION
SOLD BY AUCTION
30 PROPERTIES
64%
TOTAL NOT SOLD ON OR BEFORE AUCTION DAY
AUCTION STATISTICS BASED ON...
47 AUCTIONS
Auction is now a mainstream method of marketing and our statistics continue to reinforce the credibility of selecting this method of selling.The numbers demonstrated above can give confidence to anyone considering auction.
AMONGST THE FACTORS CONTRIBUTING TO OUR SUCCESS ARE:
HELD IN HARCOURTS GOLD AUCTION ROOMS IN
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The use of two auctioneers on auction day, doubling the expertise, preventing delays in proceedings and providing additional negotiation assistance.
NUMBER OF AUCTIONS CONDUCTED THIS YEAR
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Highly trained and exceptionally skilled gold consultants.
JULY 2016
340
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The provision of an attractive, customised and non-threatening environment with online hosting so our auctions could be viewed from anywhere in the world.
307.5
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Market Comment
GOLD COMMENT
Perhaps it is the unseasonal weather, perhaps it is the media says, a lack of houses in New Zealand, whatever it is the market has changed little in the past month. As has been reported many times, a lack of stock (typical at this time of year) coupled with long term built up demand means that the pressure is still on the property market round most of the country … and Christchurch is no different.
Here we are, literally half way through 2016 and at times it feels like we are part of Game of Thrones set “winter is coming” still so they tell us. Perhaps it is the unseasonal weather, perhaps it is the media says, a lack of houses in New Zealand, whatever it is the market has changed little in the past month. As has been reported many times, a lack of stock (typical at this time of year) coupled with long term built up demand means that the pressure is still on the property market round most of the country … and Christchurch is no different. The June sales figures show that 607 properties changed hands in Christchurch last month, almost the same volume of property as was sold in June a year ago. Not surprising really when most economists and market punters are being quoted as saying they see nothing currently on the horizon that will dampen or slow demand within New Zealand. I also suspect that when you factor in some of the tumultuous events we are seeing played out in Europe and around the globe, there will be even more people world-wide eyeing up little old New Zealand and thinking it might be a nice place to live and raise a family. It will be interesting to see what effect the latest reserve bank move, requiring
40% deposit for investors when purchasing, will have on the market. The required 20% deposit for home buyers remains. There is no doubt that the Government and the Reserve Bank are looking to see a slowdown in the market to stop the price escalation that is evident around the country. While the latest lift in deposits for investors will have an effect on a few people, there is likely to be an even greater effect on the market as a whole if the Reserve bank were to introduce debtto-income ratios to the market. Moves such as this will likely follow if the market rises show no sign of slowing in the very near future. So while the Reserve Bank has one agenda, you as a seller will likely have another. Currently the month to month news about the Market is not changing markedly, so how can you maximise your opportunity if you are considering selling in the current conditions, and particularly before any changes are forced upon us? First and foremost, think carefully about the options out there in the market that are available to you. In a market such as we are currently experiencing, cheap is definitely not best. I also reccommend you think carefully before you run off and accept the first offer placed in front of you. If you are following the current property
JIM DAVIS BUSINESS DEVELOPMENT MANAGER HARCOURTS GOLD market, you will no doubt be aware that auction has the potential to offer you as a seller the best possible return. However as with everything in life, there are ‘Auctions’ and then there are ‘Gold Auctions’. There is no doubt in my mind that Harcourts as a group are by far the best exponents of the art of auction Nationwide, and Gold Real Estate auctions are quite simply, the best of the best. When we analyse the figures, we see a value added advantage from auctions that by far outweighs the small additional cost. Our analysis shows that as a seller you are financially better off by choosing to sell via our auctions and we take pride from achieving this result for our clients. Recently, as a result of the additional pressure in the marketplace, we have seen some outstanding results achieved in our auction rooms for our clients. Let us show you how Harcourts Gold auctions work, talk with one of our consultants and give them an opportunity to show you how we can maximise the sale price of your property. You will only get one chance to sell your property and it is imperative that you achieve the best possible outcome because without a doubt, if you sell then walk into a Harcourts Gold auction room looking to buy, you will notice the difference.
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R E A L E S TAT E
CONTRADICTIONS AND CONTRAST
LYNETTE MCFADDEN BUSINESS OWNER HARCOURTS GOLD
GOLD CHAT
IT’S IMPOSSIBLE TO LOOK AT REAL ESTATE AT THE MOMENT WITHOUT ACKNOWLEDGING THE BROADER MARKETPLACE AND SOCIAL PLATFORMS INVOLVED. WE LIVE AND WORK IN UNUSUAL TIMES, SO MUCH SO THAT NUMEROUS ELEMENTS EXIST IN SPITE OF EACH OTHER WHEN YOU CONSIDER PROPERTY. This now includes a state of homelessness for a number of New Zealanders and their families. Deeply serious, this situation is an enormous challenge for politicians and social services alike, and it’s something that seems to be so much more visible and obvious in different parts of the country.
This presents against a background of decreased levels of affordability and home ownership, and is coupled with an increased interest in property investment. Even for an expert it’s a minefield of mixed messages, as are the daily doses of speculation you receive from the media about interest rates and loan-to-value ratios. Now let’s consider some of the latest items of discussion. The Christchurch Rental Market The Christchurch rental market was good – very, very good – for a long time for some landlords, especially post-earthquake where urgent needs, insurance payments and strong returns drove up rental prices. The picture now is completely different. It was recently reported in The Press that some Christchurch landlords were offering rent reductions, or even short periods of no rent, as an incentive for tenants. Rents are being pushed down and
compliance costs are going up, but landlords who entered into investment property expecting a bed of roses were being naïve. Today’s marketplace requires a longterm view (as does most investment), a fair rent, a realisation that smoke alarms and insulation are expected, and an acknowledgement that capital gain still underpins wealth creation. Rental property acquisition is more than a speculative process and so you learn to take the good with the not-so-good and, occasionally, ugly. If you’re being an unrealistic landlord and your property is vacant, do yourself a favour and address the rent! Affordability and First-home Ownership Despite the exorbitant prices of property in some parts of New Zealand, it’s still possible to purchase, but obviously compromise is an essential
ingredient. Getting started is just that, and you should temper your expectations accordingly. Over the years I’ve tended to take the view that everyone wants everything now, without necessarily putting the hard work in but, judgement aside, finding the deposit for a first home is still an incredibly disciplined act. I’ve got to stand by sage advice that was given to me when we purchased our first property centuries ago: work hard, go without, save, and hope your parents can help in some way. I guess from that perspective nothing’s changed! Stay warm, spring is coming.
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Conduct of Auction This is an extract from the contract so please refer to complete terms as supplied and available on display.
• The property is offered for sale subject to a reserve price being met, the highest bidder whose bid is accepted by the auctioneer shall be the purchaser. • The auctioneer may nominate the sum by which the bidding can be raised. • The auctioneer may refuse any bid. • The auctioneer or the licensed real estate agent acting for the vendor in respect of the sale may submit a bid on behalf of any person. • The auctioneer shall identify a person so acting before the commencement of bidding. • The vendor reserves the right to bid personally, by a representative, or through the auctioneer and to withdraw the property at any time before it has been sold and with out declaring the reserve price. • If a dispute arises concerning any bid, the auctioneer will determine the dispute or re-offer the property at the last undisputed bid.
THE PURCHASER SHALL IMMEDIATELY ON THE COMPLETION OF THE AUCTION: a) Sign the Memorandum of Contract failing which the auctioneer may sign on behalf of the purchaser. b) Pay to the vendor’s licensed real estate agent the deposit being 10% of the purchase price unless otherwise agreed; and c) Complete its GST information in Schedule 1.
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UPCOMING
GOLD
AUCTIONS 25TH AUGUST
16TH AUGUST
8 Elmtree Close
Peter Griffioen
18TH AUGUST
30 Bretts Road
Mary Turnbull
47 Croziers Road
Margaret Danzer
509 Downs Road
Keta Ferrari & Karen Adamson
224 Condell Avenue
Sharon Trumper
3 Lucknow Place
Mary Turnbull
45 Ben Nevis Drive
Foss Shanahan
30 Ruapani Street
Cameron Bailey
126 Rugby street
Cameron Bailey
16 Horton Place
Sandra O’Brien
35 Claridges Road
Debbie Soper
28 Jameson Avenue
Leeann Marriott
95 Merivale Lane
Cameron Bailey
465 Manchester Street
Mark O’Loughlin
16 Piko Crescent
Julie Proctor
384 Ilam Road
Cameron Bailey
9 Tangmere Place
Andrew Swift
147 Harewood Road
Peter Griffioen
3 Evergreen Place
Peter Griffioen
& Pedro Park & Estelle Yang
FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:
http://www.homes4sale.co.nz /auction/upcoming-auctions
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AUCTION BID RECORD 11TH AUGUST 2016
ADDRESS
ADDRESS
PAPANUI BRANCH & ADMINISTRATION
NEW BRIGHTON BRANCH
471 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch PH: (03) 352 6166 FAX: (03) 352 1322 E: enquiries.papanui@harcourtsgold.co.nz
New Brighton Mall PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 382 0043 FAX: (03) 388 0116 E: enquiries.newbrighton@harcourtsgold.co.nz
Harcourts gold, International & Migrant Division, 473 Papanui Road, Papanui PO Box 5400, Christchurch 8542 | PH: (+64) 3 662 9811 | FAX: (03) 352 1322 | E: 888@harcourtsgold.co.nz
GOLD PROPERTY MANAGEMENT LTD 501 Papanui Road, Papanui PO Box 5400, Christchurch 8542 PH: (03) 352 6454 FAX: (03) 352 6456 E: gpm@harcourtsgold.co.nz
REDWOOD BRANCH 280 Main North Road, Redwood PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch PH: (03) 352 0352 FAX: (03) 352 8400 E: enquiries.redwood@harcourtsgold.co.nz
GOLD REAL ESTATE GROUP LTD LICENSED AGENT REAA 2008 A MEMBER OF THE HARCOURTS GROUP
VIEW OUR LIVE ONLINE AUCTIONS AT...
www.homes4sale.co.nz
PARKLANDS BRANCH Parklands Mall, Queenspark Drive PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 383 0406 FAX: (03) 383 0525 E: enquiries.parklands@harcourtsgold.co.nz THE INFORMATION CONTAINED HEREIN IS GATHERED FROM SOURCES WE BELIEVE TO BE RELIABLE. HOWEVER WE CANNOT GUARANTEE IT’S ACCURACY AND INTERESTED PARTIES SHOULD RELY ON THEIR OWN ENQUIRIES
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