OUR EXCLUSIVE PROPERTY MAGAZINE
ISSUE 34 20TH OCTOBER 2016
reside
S
WORK
LD
H
URT
O
R
CO
OCTOBER
WITH THE
BEST!
S
M
T
W
15 16 17 18 19 20 21 22 23 24 25 26 27 28
LYNETTE MCFADDEN Business Owner Harcourts Gold AREINZ
GOLD AUCTION DAYS
Business Owner Harcourts Gold AREINZ
F
1 2 3 4 5 6 7 8 9 10 11 12 13 14
29 30 31
JOHN MCFADDEN
T
CAMERON BAILEY Business Owner Harcourts Gold & Sales Consultant
01
ORDER OF SALE Meet Our Top Performers
02
03
Welcome to the October edition of Reside magazine Spring is ďŹ nally upon us and with it comes lovely long days and beautiful, lush new growth. We are very excited to be able to offer such a wide range of fantastic properties to the market this month, so if you’re looking to buy or sell, steady price growth and low interest rates make Spring the right time to strike.
07 09
08 Auction Bid Sheet
04
Market Comment
05
Gold Chat
06
Happy reading
Upcoming Auctions
Auction Results
Conduct Of Auction
Gold Tip
01
ORDER OF SALE
MEET TODAY’S AUCTIONEERS
OCTOBER 20TH, 2016 Sold Prior •
44 Blue Gum Place, North New Brighton
From 10:00am 01
25 Cox Street, Merivale
02
118 Leinster Road, Merivale
03
205 Knowles Street, St Albans
04
6a Braco Place, Burnside
05
11 Christian Street, Bryndwr
06
58 Waiora Lane, Rangiora
07
24 Stackhouse Avenue, Bishopdale
08
79 Tuckers Road, Redwood
09
73-75 Antigua Street, Addington
10
9 Westpark Drive, Burnside
11
16 Pukeko Place, Southshore
12
6 Seclusion Lane, Burwood
13
60 Lansdowne Terrace, Cashmere
BRYAN THOMSON FREINZ AUCTIONEER
BEN DEANS AUCTIONEER
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
44 Bluegum Place, North New Brighton SOLD PRIOR “As Is, Where Is” A Hot Location Pending! • Strolling distance to the proposed new shared AGHS/SBHS and Eastern Recreation Centre on the former QE11 site, an exciting location to invest in now! • This executive townhouse has already been through an EQ repair and with a failure in the levels the owners decided to take a cash settlement instead of going through the remediation process. The claims have been settled, now being offered on an “as is where is” uninsured basis. This provides opportunity for most buyers as the property visually appears undamaged. • Offering a spacious 210sqm dwelling consisting of 3 double bedrooms, study, 2 living areas, open plan kitchen dining, 2 bathrooms. Also an incredibly large attic which could be converted into another bedroom. • North and West facing sunny living flowing out to patios and easy care private grounds on a freehold title.
DEBBIE GORDON NEW BRIGHTON
FOR YOUR REFERENCE. SALE PRICE
01
$570,000 $........................ ...................
25 Cox Street, Merivale
FROM 10:00am
BROUGHT FORWARD Priceless... But Definitely Going to Sell • Our overseas clients have accepted an insurance settlement and have issued us with clear instructions to sell their NZ home an ‘as is, where is’ basis. • With four bedrooms, three bathrooms and a mix of original and a more recent addition the home provides ample options and huge potential. Deemed repairable, the home is still habitable in its current condition, while cosmetic repairs would enhance its many features.
PETER & CALEB GRIFFIOEN GRIFFIOEN PARKLANDS
02
• Should you be thinking of a long term redevelopment, an investment, or simply securing a foothold into premium Canterbury real estate, there is little risk of overcapitalising at 25 Cox Street. Occupying 594m² of Living 2 zoning on desired TC2 land within this sought after precinct. An easy stroll to local parks, schools and services with zoning including Elmwood Primary, Heaton Intermediate and CBHS/CGHS are the icing on the cake.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
118 Leinster Road, Merivale In The Dress Circle! • Framed by fabulous gardens which create a real sense of tranquillity, this blue-chip property is located in the heart of one of Christchurch’s most desirable suburbs. • Modernised from top-to-toe whilst retaining every ounce of character and personality, this expansive two-storey home boasts four bedrooms and two bathrooms, including an ensuite off the master and a family bathroom complete with spa bath. There is also a guest toilet located on the ground floor. • Classic period features are on display throughout, including beautiful timber panelling, leadlight windows and a stunning timber staircase. Those timeless elements blend seamlessly with the modern décor and the array of improvements and additions which have been made in recent years, all of which have enhanced the comfort and functionality of the property.
MARY TURNBULL PAPANUI
• Of course, it would be remiss not to mention the location! Every educational need is catered to by the proximity to Christchurch’s finest public and private schools. Then there’s Merivale’s designer shops and acclaimed eateries, ensuring everything you could ever need is right on your doorstep.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
03
205 Knowles Street, St Albans A Home With Versatility! • This home will hold plenty of appeal and is a wonderful opportunity to be moving into a fabulous location at an entry level. The main layout of the home offers 3 large bedrooms, and excellent living options with a sunny lounge plus a large conservatory. • There is a 4th bedroom located off the entrance patio that is ideally suited to a work from home situation or for a teenager to house themselves away from the other bedrooms. • The master bedroom is huge with excellent wardrobing, and has space enough to plan a future ensuite. The other 2 bedrooms are good sized doubles and have good wardrobing also. • The large, separate kitchen has an abundance of cupboard space and offers plenty of scope for ideas to flow around refurbishing for the future. • With interest rates being so low, this home will appeal to investors and first home buyers, as well as families looking to establish themselves in the area. It is located in Paparoa Primary and Heaton Intermediate school zones.
JULIE PROCTOR PAPANUI
FOR YOUR REFERENCE. SALE PRICE
04
$...........................................
6a Braco Place, Burnside The Kids Have Finished School - Time To Go. • Having purchased this home for the express purpose of sending the children to Burnside High, now that they have completed their high school education, it is time to sell and move away. • This executive townhouse is a warm and comfortable home with many special features. Tasteful neutral decor means you can add your own touch to this surprisingly large home with a floor area (approx.) 215m2. • Offering 3 double bedrooms plus a single bedroom or study and 2 bathrooms with bedrooms and bathrooms on both levels. • The picture perfect north facing lounge soaks up the sun, interconnecting coherently with the dining and kitchen areas, allowing for easy access to the multiple outdoor entertainment areas and an additional sitting room provides plenty of room for family or guests.
PEDRO & MARK PARK O’LOUGHLIN REDWOOD
05
• Bosch appliances, Smeg dishwasher, heaters and a long list of quality chattels add to the attraction of this well placed home in Burnside School zone. EQC repairs have been completed and signed off.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
11 Christian Street, Bryndwr Potential Plus: First Home or Investment • This tidily presented three-bedroom home offers plenty of opportunity for first home buyers or investors. Conveniently located, close to schools, transport and shops, including Northlands and Merivale, and situated on a freehold section, this property ticks the boxes for smart real estate investment. • With the classic appeal of a weatherboard bungalow, the home boasts a fresh, modern kitchen (with dishwasher) which opens to the garden, and an open-plan dining space decorated in neutral colours, plus a separate lounge. There are three double bedrooms, one of them opening to a sunny deck, as well as an updated bathroom and separate laundry. • Outside, the fenced 610 sqm section features a double lock-up garage and established garden - the perfect canvas for green-fingered buyers to make their mark.
CAMERON BAILEY PAPANUI
• Very liveable in its current state, this comfortable home still has potential to add further value. With zoning for popular schools, underpinning future value, this will be good buying. Currently tenanted, so income is in place from day one.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
06
58 Waiora Lane, Rangiora Where Memories Are Made & Adults Can Relive Their Childhood • Over 2 hectares of exquisite park-like grounds, complete with large mature trees, field flowers and even a creek for kids to play in. This is what is on offer here, making memories for children and adults alike. Tree huts, swings, forts, hide and seek.... Let the imagination run wild. • Then there’s the architecturally designed 510 square meter home, crafted by Trevor Ibbetson and clad with Canadian cedar to sit comfortably within its leafy surroundings. With a comprehensive combination of outstanding features, the home offers expansive living spaces, - open plan and semi-formal, a wonderful den / library, five double bedrooms, all with access to the outdoors - either at ground level, or out onto large sunny decks from the two upper levels. There are three spacious bathrooms - each with its own hot water cylinder and five toilets. The kitchen boasts a stone work surface and honeyed timber joinery, with beautiful garden views.
DEBBIE & DOUG SOPER PAPANUI
• The property is situated at the end of a quiet, tree lined lane in the countryside, yet only minutes away from the town of Rangiora, where amenities are plentiful.
FOR YOUR REFERENCE. SALE PRICE
07
$...........................................
24 Stackhouse Avenue, Bishopdale One Home Too Many • You are invited to come on over and take a look at this delightful red brick bungalow - it may well be just what you have been waiting for. • Our present owners have refreshed and updated this property, including new kitchen, bathroom and floor coverings - all giving an edgy appeal. Plenty of storage throughout plus a large laundry area off the kitchen. There is a generous private backyard, great for family activities, vegetable garden or pets and the property sits well to capture the best of the day’s sun. • The home is in the popular area of Bishopdale and is handy to Bishopdale and Northlands Mall, recreational facilities, schools including Wairakei, Bishopdale, Isleworth Primary’s plus Breens and Casebrook Intermediate, and zoned for the popular Papanui High School.
CLARE BEER PAPANUI
INGREDIENTS 10 SPRIGS OF FRESH MINT, (PLUS EXTRA FOR GARNISH)
3 TEASPOONS GREEN TEA 3 TABLESPOONS SUGAR (OR MORE TO TASTE)
4 CUPS WATER
• This property is not limited too but could well be suitable for first home buyers or investors looking to add to their portfolio. All EQC work has been completed and land is TC2 rated.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
Morrocan Mint Tea Boil the water and pour a small amount in the teapot, swishing it around to warm the pot. Combine the mint and green tea and sugar in the teapot, then fill it with the rest of the hot water. Let the tea brew for three minutes.Set out glasses for the tea. A shot-glass is close to the slender glasses used in Morocco. Fill just one glass with the tea, then pour it back in the pot.Repeat. This helps to dissolve and distribute the sugar.Pour the tea. You want a nice foam on the tea so always pour with the teapot a high distance above the glasses. If you do not have at least a little foam on the top of the first glass, then pour it back into the teapot and try again until the tea starts to foam up nicely. Garnish with the remaining sprigs of mint.
08
79 Tuckers Road, Casebrook Hidden Gem • This classic Villa is a rare find in the Casebrook area and has been lovingly maintained and preserved by it’s current owner. Immaculately presented, this home is sited on a 650m2, fully fenced section with an established garden that creates a private and tranquil setting for all the family to relax in and enjoy. • Offering three double bedrooms and a sunroom that could be used as an office, study or craft room....the choice is yours! A large kitchen is adjoined by a spacious living and dining area with french doors that extend onto the verandah creating seamless indoor outdoor flow. It’s easy to see yourself enjoying a quiet cup of tea or glass of wine on the sunny verandah, whilst contemplating life in the midst of a beautiful and private garden setting. • When it’s time to have friends and family over there is a spacious outdoor entertaining area including a covered patio that soaks up the late afternoon sun, perfect for those summer BBQ’s.
ANDREW MCNAB REDWOOD
FOR YOUR REFERENCE. SALE PRICE
09
$...........................................
73-75 Antigua Street, Central Christchurch Immediate Income and Future Benefits • Generating instant income with exciting development potential in the underlying land, this property adds up to a superb investment opportunity. Comprising three separate rental units, all currently tenanted, on 1011 sqm of land in a popular city fringe location handy to shops and the CBD, this property will reward the smart investor now and in the future. • The front dwelling is a substantial weatherboard house with four bedrooms, currently renting for $450 pw. Spacious north-west facing living opens to a covered deck and garden area, and there is an additional living or dining space and separate kitchen.
CAMERON BAILEY PAPANUI
• At the rear of the property are two attached flats, each with two bedrooms and opening to north-facing outdoor living. One of them has a separate lounge adjacent to the kitchen and a single carport, while the other has open-plan living, a fenced garden and a double garage. The two flats are currently renting at $280 pw each.
& KELLY CROSS
• Zoning for Christchurch South Intermediate and Cashmere High, and close proximity to amenities, make this a desirable rental location.
FOR YOUR REFERENCE. SALE PRICE
10
$...........................................
9 Westpark Drive, Burnside Excellent School Zones • Fabulous, 220m2 modern 6 year old home in Roydvale Primary and Burnside High School Zones. • This is a plaster over brick home built in 2010 with Zog Metal framing - a real plus in post earthquake Christchurch. • The home has 4 double bedrooms, the master bedroom with ensuite and walk in robe. • There are 2 separate living rooms both with access to the outdoor decks and the front living having a very private and sheltered patio. • The kitchen overlooks the main living room and enjoys ample bench space with a stone benchtop and plenty of cupboard space. • There has been comprehensive landscaping done around the property and a wonderful lawn area for children to play.
JULIE PROCTOR PAPANUI
FOR YOUR REFERENCE. SALE PRICE
$...........................................
11
16 Pukeko Place, Southshore Priceless... But Definitely Going to Sell • The uniquely secluded position provided by our subject property is just walking distance from the calm waters of the estuary and the roar of the ocean - a perfect tonic to the stresses of the daily grind. Enjoy the therapeutic qualities of coastal living with idyllic beachside walks and leisure pursuits on your back doorstep. Our owners have simply relished this rich beach-side lifestyle for the past 14 years, however with a new adventure in mind; they’re now heeding the call to the country. • Built just last year, the appeal and ambience of the home are evident. Materials and décor have been appropriately selected for its environs and ensure peace of mind and durability. Brilliantly oriented for sun, the home’s inherent warmth is complemented by heat pump and thoughtfully designed window joinery that maximise light and space while locking in the sun’s rays.
PETER & CALEB GRIFFIOEN GRIFFIOEN PARKLANDS
12
• For your reassurance, there is still the balance of the 10-year Masterbuild Guarantee to be transferred. • Interconnecting living spaces easily lend themselves to entertaining, spilling out to private and established north-west gardens. There’s simply nowhere better to absorb this rich Southshore lifestyle, with the backdrop of the magnificent Port Hills.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
6 Seclusion Lane, Burwood Peaceful & Beside the Trees, She’s Bound To Please • Only available due to our owners moving onto a retirement lifestyle, this beauty is nestled up a private right of way, offering privacy & quiet, along with space and low maintenance. • Situated alongside Snellings Walkway and set amidst quality homes, whilst being close to Bottle Lake Forest, Waitikiri Golf Course and the Travis Wetlands for all recreational activities. • This is a great option for those looking to downsize without compromising on space as this gem offers approx 195sqm floor area on an easy care professionally landscaped section, allowing plenty of time for play. • When asked what our owners have enjoyed most during their tenure - “access to all day sun, convenient location, peace & quiet, access to walkways and lifestyle options”.
SANDRA O’BRIEN PAPANUI
• Configure the floorplan to suit with either three bedrooms + study, or four bedrooms.
FOR YOUR REFERENCE. SALE PRICE
13
$...........................................
60 Lansdowne Terrace, Cashmere Timeless Design for Modern Living • Clean, square lines lend a timeless feel to this solid 1980s home by architect Peter Kent. Situated on the lower slopes of the Cashmere Hills, the property offers the best of both worlds; an elevated position boasting light and views, with easy accessibility to schools and shops. • Inside, a neutral palette features warm timber accents, including a stunning pitched timber ceiling in the open-plan living space. A cosy lounge warmed by a pellet fire flows to dining and kitchen, opening up to decking and treetop views. Bathed in natural light, the contemporary kitchen features abundant storage and bench space.
CAMERON BAILEY PAPANUI
• Upstairs, the master bedroom is a delightful retreat with its own office nook and there are three additional bedrooms for family and guests. A modern tiled bathroom, plus separate shower, laundry and double garage, add up to make this a very practical home. • Outside, the 617 sqm section features terraced gardens, established plantings and a choice of outdoor living spaces.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
02
CONSULTANTS
HARCOURTS GOLD
R
UR TS G CO
LD O
TOP 10
HA
02
WORK WITH THE
BEST!
SEPTEMBER 2016 TOP
02
CONSULTANT IN SEPTEMBER
CAMERON BAILEY PAPANUI
06 LEWIS DONALDSON PAPANUI
MARK O’LOUGHLIN REDWOOD
07 DEBBIE SOPER PAPANUI
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 MARY TURNBULL
04 LEEANN MARRIOTT
PAPANUI
PAPANUI
08
09
LAUREN CLEMETT
SANDRA O’BRIEN
PAPANUI
PAPANUI
05 PETER GRIFFIOEN PARKLANDS
10 BELINDA DUNSTER REDWOOD
03
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
17.5 PROPERTIES CONSISTING OF
17.5 PROPERTIES CONSISTING OF
SOLD PRE AUCTION 4 PROPERTIES
13 AVAILABLE
13 AVAILABLE
7%
CURRENTLY UNDER OFFER
NOT SOLD ON OR BEFORE AUCTION DAY
17.5 PROPERTIES
70% 70% SOLD
SOLD
30%
1.5 SOLD BETWEEN 0-5 DAYS
1.5 SOLD BETWEEN 0-5 DAYS
3 CURRENTLY UNDER OFFER
TOTAL SOLD PRE AUCTION TOTAL SOLD BY AUCTION
SOLD BY AUCTION
37 PROPERTIES
63%
TOTAL NOT SOLD ON OR BEFORE AUCTION DAY
AUCTION STATISTICS BASED ON...
58.5 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
01
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
02
Highly trained and exceptionally skilled gold consultants.
SEPTEMBER 2016
438
03
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
List w it h Harcourt s C an terb u ry an d you c ou ld .. .
the
ING 7 AMAZTIONS DESTINA TO 7 TRIPS N! BE WO
D L R O W 5 NIGHTS IN LONDON FOR TWO
5 NIGHTS IN SHANGHAI FOR TWO
5 NIGHTS IN NEW YORK FOR TWO
5 NIGHTS IN FIJI FOR TWO
www.harcourtscanterbury.co.nz TERMS AND CONDITIONS: All exclusive 90 day listings received and live in our system between 10th September and 30th of November 2016. To be included in the draw these listings must be with our offices located in: Christchurch, Kaiapoi, Rangiora, Hanmer and Akaroa including NAI commercial sales, leasing and Business Brokers. The prizes will be drawn under Police supervision. All winners will be notified in person with the result published on our website, www.harcourtscanterbury.co.nz, on 5th December 2016. For more terms and conditions talk to your sales consultant today. Harcourts Group. Ltd REAA 2008 © CANTERBURY MARKETING 2013
5 NIGHTS IN PARIS FOR TWO
5 NIGHTS IN HONG KONG FOR TWO
5 NIGHTS IN SYDNEY FOR TWO
Contact your local Harcourts gold consultant today!
04
Market Comment
GOLD COMMENT The release of the Christchurch August sales results show the market in a strong position at this time of the year. The industry sales figures for our city are almost identical to the previous month along with the recorded median sale price. REINZ data indicates some 637 residential and section sales occurred across the city, against the 640 in total recorded for July. This strong level of interest is partially a result of our exceptional warm winter but largely due to the pent up demand for property all around New Zealand. Interestingly, when you look at the data, a few anomalies are starting to show that have me intrigued. We have a strong market at present there is no doubt about that, but we have just been through a period for the last 8-9 months where listings have been in short supply, and typically when you have good strong demand and lower than normal stock levels the law of “supply and demand ‘ takes over and prices rise. But the Christchurch market place is not showing that currently, when we look at the REINZ median it is not significantly different from what it was 12 months ago. Certainly there have been some minor monthly variations up/ down by a couple of thousand dollars but over a period
of time we have seen little upwards movement, such as that being talked about in Auckland currently. That to me is an indication that the market is perfectly balanced at present.
With the arrival of spring we would typically expect a flush of new stock on the market over the coming months, and the indications from all our consultants are that this is starting to happen. Appraisal numbers are lifting, auction numbers are on the rise and everyone is definitely shaken off their winter blues (if they had any) and are ramping up for the pre-Christmas rush. So what is going to happen with a fresh flush of property on the market?? If, as I suspect, we are currently on a finely balanced market there is potential for prices to ever so slowly soften. I am not in any way expecting any sort of major price drop issue but we could see a little softening start to occur. So if you are thinking of selling I think we are at the top of the market currently, I think it is a very good market still with plenty of interest.
JIM DAVIS
BUSINESS DEVELOPMENT MANAGER HARCOURTS GOLD But…..regardless of whether your thoughts are to get your own property on the market, now is a great time, not only to catch current conditions, but also to be a part of the Harcourts Canterbury listing competition that gives you an opportunity to win 7 trips for two to 7 different destinations. You have to list your property during the months of September- November so there is still plenty of time. Personally I love London so please leave that destination for me to win (just kidding I’m not allowed to participate). Our Auction success rate currently is still amazing and as a method of sale, I believe it is the fairest and best method for all parties involved. If you are buying I suggest you have a serious chat with your selected Harcourts gold consultant, you want to buy and they want to help you purchase so have a chat to work out a strategy that will help you achieve that result. Buying and Selling Real estate is stressful enough without the added pressure of missing out on the property you have fallen in love with. Have a great start to spring
05 05
AS A CANTABRIAN, IT’S HARD TO KNOW HOW TO REACT TO THE BLISTERING NEWS RELEASED THIS MONTH THAT THE AVERAGE HOUSE PRICE IN AUCKLAND HAS EXCEEDED ONE MILLION DOLLARS.
LYNETTE MCFADDEN BUSINESS OWNER HARCOURTS GOLD
GOLD CHAT
‘Average’ and ‘one million’ are terms that probably shouldn’t be in the same sentence when considering property in a country as small as ours. It puts us as a nation behind Monaco, London and New York for affordability, but well ahead of our Australian counterparts, to name a few.
The Million Dollar Dilemma The actual property snapshot (QV House Price Index released on 6 September 2016) reported that the average value in New Zealand is now $612,527, the average value in Christchurch is $492,766 and the average Auckland house value is $1,013,632. Despite being a property professional, this last fact still requires a deep breath.
that will require equal amounts of sacrifice and strategy to pay off.
Numerous elements appear to be driving this scenario, including low supply and high demand, strong immigration into our largest city and a heated desire for investment property. So, for what it’s worth, here is my biased take on matters.
Get on, make a purchase, do your best to debt service, and you should be handsomely rewarded in years to come.
First Homes If you live in Auckland you may as well pack your bags now or hope that your beloved parents will decide to help you. Buying in Auckland will require you to keep your expectations in check (hard for millennials), try to win Lotto or accept saddling yourself with debt
If you reside in Christchurch, consider yourself lucky and look to affordable suburbs such as Bishopdale, Redwood, Northcote, Somerfield, Spreydon and Richmond. But, let’s face it, the property average for just about every suburb in our entire city sits below that of Auckland.
Rent vs. Purchase Currently rents in the Garden City are softening. You can stay renting but I’m in the ‘buy’ camp, believing if you’re going to contribute to someone’s mortgage it may as well be your own. Trading Up or Down A constant in real estate, both of these actions are easier – if not as profitable – when undertaken in Christchurch.
In Auckland, trading down has become a silver lining for those selling as they pocket the gains their ownership and location have provided. But despite these gains, Aucklanders have said they fear for their children when they attempt to get on the property ladder … and who wouldn’t? The Halo Effect This delightful term relates to the corresponding increase in value and popularity of areas outside Auckland. Hamilton and Tauranga sit firmly in this camp and have seen strong increases in sales as people take funds from Auckland in their search for better value. In Christchurch, after some incredible years of regeneration, we appear to be a more stable if not more affordable city and I’m entirely grateful that this still-beautiful place is where I call home.
06
Now’s the right time to get your property ready for listing as...
Springtime is premium selling time! While it still may be cold outside, its a great time to think about what you need to do if you’re selling your home this Spring. The good news is, you can get a head start on preparing your home now, so it’s ready to go once the first signs of spring appear. Here are some simple tips you can do now, to help get your home market-ready.
Tip 1. Springclean! Think spring cleaning territory when deciding what level of clean your home requires for sale. If the task feels overwhelming, simply go room by room until it’s done. If you have carpet, and it’s in reasonably good shape, a thorough cleaning with a professional carpet cleaner will improve the look and the odor in your home. Tip 2. Clean theWindows! Even if it’s too cold to tackle the job from the outside, you can get half the job done now. Scrub the interior side of all windows and don’t forget the window sills, tracks of sliding doors, and the surrounding trim. Buyers will notice the attention to detail once your home is on the market. Tip 3. Do Minor Updates It’s no secret that kitchens and bathrooms sell homes. A quick update to a kitchen can make
a huge impact simply by cleaning painting or replacing tired hardware and fixtures. If your kitchen lacks a splashback, this is the perfect time to add one for maximum appeal. Tip 4. Paint Choose the spaces that have the boldest color and tone them down to a neutral palette. The goal should be for buyers to see your home as a blank canvas for their own belongings. Focus on high traffic areas next, and finally, repairing any flaking paint in damp areas such as basements or bathrooms is a must. Tip 5. Pack Early While you don’t need to pack up everything you own, strategically boxing up personal items that will depersonalise your space is a good idea. Family pictures remind buyers that this is your space, and you want them to picture it as theirs.
Storage space is another big item on a buyer’s list, so consider packing up any out of season clothing and storing it elsewhere to make wardrobes seem larger. Tip 6. Purpose every room Every room should have a clear purpose, so buyers can see how versatile your space is. This may mean removing furniture from a crowded space and moving it somewhere else in your home to create defined living areas. Look for opportunities to create functional spaces like an office area or reading nook, and if you have too much furniture, consider putting it in storage. Less furniture will create an open feeling throughout your home.
07
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.
08
UPCOMING
GOLD
AUCTIONS 27TH OCTOBER
3RD NOVEMBER
89 Cotswold Avenue
Debbie Soper
59 Puriri Street
Lewis Donaldson
7 Queens Avenue
Cameron Bailey
12 Jacksons Road
Mary Turnbull
12 Fovant Street
Sandra O’Brien
6 Claremont Avenue
Mary Turnbull
66B Derby Street
Mary Turnbull
12 Pentlow Place
Mark O’Loughlin
& Leeann Marriott 17 Mountfort Street
& Jenny Laney
Mary Turnbull
174 Idris Road
Lauren & Bill Clemett
& Amanda Barton
57 Lancewood Drive
Clare Beer
38 Vernon Drive
Lauren & Bill Clemett
50 Longhurst Terrace
Mary Turnbull
95 Brookside Terrace
Lauren & Bill Clemett
11 Cottesmore Close
Sandra O’Brien
152 Mersey Street
Deb Crosby
9 Aztec Place
Belinda & Sam Dunster
76 Edward Avenue
Doug & Debbie Soper
33 Naseby Street
Cameron Bailey
38B Penruddock Rise
Cameron Bailey
22 Horotane Valley Road
Cameron Bailey
399A Main North Road
Debbie Soper
17A Halton Street
Cameron Bailey
14 Churchill Street
Lewis Donaldson
544 Madras Street
Cameron Bailey
24 Shillingford Boulevard
Clare Beer
8 The Belfry
Cameron Bailey
25 Willoughby Lane
Peter Griffioen
38 Crombie Green
Deb Harvey
& Caleb Griffioen
435 Ilam Road
Ashley Sutherland Todd
67 Mays Road
Mary Turnbull
1/58 Cresswell Avenue
Deb Harvey
2/29 Sherborne Street
Mark O’Loughlin
2 Seacroft Place
Peter Griffioen
116 Puriri Street
Cameron Bailey
28 Alpine View Lane
James Shepherd
1/51 Watford Street
Foss Shanahan
166B Hackthorne Road
Debbie Soper
5 Parnwell Street
Judith Bodger
19 Willoughby Lane
Frances Hawker
6 Courtfield Close
Peter Griffioen
FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:
http://www.homes4sale.co.nz /auction/upcoming-auctions
& Nikila Creagh 205 Burwood Road
Chris Mangels
29 Woodhaven Place
Peter Griffioen
09
AUCTION BID RECORD 20TH OCTOBER 2016
ADDRESS
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
FOLLOW US ON...