OUR EXCLUSIVE PROPERTY MAGAZINE
ISSUE 35 27TH OCTOBER 2016
reside
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LYNETTE MCFADDEN Business Owner Harcourts Gold AREINZ
GOLD AUCTION DAYS
Business Owner Harcourts Gold AREINZ
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JOHN MCFADDEN
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CAMERON BAILEY Business Owner Harcourts Gold & Sales Consultant
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ORDER OF SALE Meet Our Top Performers
02
Auction Results
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.
Market Comment
05
Gold Chat
06
Happy reading
07 08
04
Auction Bid Sheet
Upcoming Auctions
Conduct Of Auction
01
ORDER OF SALE
MEET TODAY’S AUCTIONEERS
OCTOBER 27TH, 2016 Sold Prior •
59 Puriri Street, Fendalton
From 10:00am 01
17 Mountfort Street, Spreydon
02
152 Mersey Street, St Albans
03
76 Edward Avenue, St Albans
04
14 Churchill Street, Central Christchurch
05
116 Puriri Street, Fendalton
06
89 Cotswold Avenue, Bishopdale
07
38 Vernon Drive, Lincoln
08
67 Mays Road, Papanui
09
24 Shillingford Boulevard, Rolleston
10
399A Main North Road, Redwood
11
7 Queens Avenue, Fendalton
12
95 Brookside Terrace, Bryndwr
13
12 Fovant Street, Russley
14
66B Derby Street, Merivale
BRYAN THOMSON FREINZ AUCTIONEER
From 12:00 Noon 01
5 Parnwell Street, Burwood
02
2/27 Sherborne Street, St Albans
03
1/51 Watford Street, Strowan
04
25 Willoughby Lane, Queenspark
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
BEN DEANS AUCTIONEER
List with Harcourts in Canterbury and you could ...
the
ING 7 AMAZTIONS A IN DEST TO 7 TRIPS N! BE WO
WORL D
5 NIGHTS IN LONDON FOR TWO
5 NIGHTS IN NEW YORK FOR TWO
5 NIGHTS IN PARIS FOR TWO
5 NIGHTS IN SHANGHAI FOR TWO
5 NIGHTS IN FIJI FOR TWO
5 NIGHTS IN SYDNEY FOR TWO
5 NIGHTS IN HONG KONG FOR TWO
Contact your local Harcourts consultant today!
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.
59 Puriri Street, Fendalton SOLD PRIOR Designed For Exceptional Living • Clean lines and timber accents mark this Keith Ussher-designed property as an exceptional home. Boasting a sought-after address, zoned for top schools and close to farmers´ market, Westfield and CBD, its clever design offers an enviable lifestyle. • The kitchen is an airy, light-filled space courtesy of extensive glazing and a doubleheight void. Befitting a home of this substance, entertaining is made easy with a generous island bench, butler’s pantry and sliding glass doors providing a seamless transition to the outdoors. Linked to the kitchen is a sun-drenched open-plan living and dining area. A second, separate lounge provides an alternative living space.
LEWIS DONALDSON PAPANUI
• Upstairs, the landing could be a third sitting area. The master bedroom is wellappointed with WIR and en suite; two more bedrooms and a family bathroom complete this level. Downstairs, a fourth bedroom, also with WIR and bathroom, would be ideal for guests.
FOR YOUR REFERENCE. SALE PRICE
1,780,000 $........................ ...................
Now’s the right time to get your property ready for listing as Springtime is premium selling time! Call us today about listing your home
01
17 Mountfort Street, Spreydon
FROM 10:00am
A Lot More Than Meets The Eye! • Step inside this warm and sunny brick home and prepare to fall in love! • Situated on an established 693m2 section in an ever-popular pocket of the city, this four-bedroom, two-bathroom residence has been home to our owners for nearly thirty years - a tenure which speaks volumes about its quality. • Bathed in natural light, the expansive living/dining area promises the ability to cater to any and every occasion, while the sliding doors that lead out to the north-facing garden mean summer BBQs and alfresco dining will be a regular occurrence. The formal lounge - which can be opened up to create more space or closed off for a more intimate feel - adds further appeal. • Other highlights include an HRV system, a heatpump and a low-emission log burner, not to mention extensive insulation, new guttering and a freshly painted roof!
MARY TURNBULL PAPANUI
& AMANDA BARTON
• The icing on the cake is the location, with the proximity to cafes, public transport and the nearby Barrington Mall ensuring you’ll want for nothing, and zoning for sought-after schools (Cashmere High and Christchurch South Intermediate) catering to every educational need.
FOR YOUR REFERENCE. SALE PRICE
02
$...........................................
152 Mersey Street, St Albans “WOW” - What a Beauty! • Don’t miss this gorgeous, light, bright and spacious family home with all of its beautiful character features, set in an amazing 700sqm, private and secure section in this popular tree-lined street. • Having two separate living rooms is a huge bonus, with the main living room opening through French doors to the large patio and rear private garden. • The second living is off the open-plan kitchen and dining and receives allday sun. • There is a modernised bathroom plus a second guest toilet which is always handy in a family situation. • All three bedrooms are doubles - with the potential to have a fourth bedroom if required. • The generous private 700sqm section is secure for children and pets, plus there is enough room for a large vegetable garden too.
DEB CROSBY PAPANUI
• The double garage with plenty of off street parking provides options.
FOR YOUR REFERENCE. SALE PRICE
03
$...........................................
76 Edward Avenue, St Albans It Gets Better With Age! • Like a fine vintage wine, 76 Edward Avenue has become better with age! It is superbly located in a sought after area and packed full of character including leadlight windows. This charming family home is presented to the market in immaculate condition by very house-proud owners after ten years of dedicated maintenance and loving restoration. • Inside, three double bedrooms, all with built-in wardrobes are complemented by a beautifully appointed bathroom and generously proportioned living spaces; from the contemporary open plan kitchen / living room to the separate adjoining dining room and adjoining lounge, with French doors to a fabulous, sunny verandah, ensuring the ability to host both large gatherings and more intimate get-togethers.
DEBBIE & DOUG SOPER PAPANUI
• Sympathetic refurbishments over the years have retained the timeless appeal whilst enhancing comfort and convenience. Recently these have included new carpet, full insulation, modern heating system, some double glazing, a full interior repaint and a large, floored attic space for storage.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
04
14 Churchill Street, Central Christchurch 759sqm of L4C Land • An exciting opportunity to purchase a precious part of Christchurch Central. Churchill Street is home to numerous other new houses and there are options galore for the new owner of this section. • Either continue with the current plans for 6 trendy apartments that have already had resource consent granted, or start afresh with plans of your own. • My sellers are keen to see this sold as they have their hands full with another opportunity they have secured. • 759sqm of L4C land • Concept plans drawn up for 4 x 3 bedroom units and 2 x 2 bedroom units • Resource consent has been obtained • Numerous other new houses on this street
LEWIS DONALDSON PAPANUI
FOR YOUR REFERENCE. SALE PRICE
05
$...........................................
116 Puriri Street, Fendalton 20+ Year Tenure Means It’s Amazing To Live In • Positioned on a very sunny north-facing rear freehold section of 1650 sqm boasting manicured gardens and a wonderful Avon River boundary. Bauhausinspired architecture - a large, gracious home modernised for contemporary comfort. The result is a prime package offering tempting opportunities now and in the future. • “Strathmore” was built in 1937 - designed by W H Trengrove, square lines give it timeless elegance, perfectly at home with today’s design aesthetic. Northfacing living rooms open to the lawn and river views to ensure full enjoyment of the extraordinary gardens, and the upstairs balcony offers further indooroutdoor flow. • These gracious bones have been gently enhanced with modern features, such as under-floor heating on the ground floor, stylish en suite bathroom, and galley kitchen, but there is still room to add your own touch.
CAMERON BAILEY PAPANUI
• Zoned for Christchurch Boys’ and Girls’ High Schools and within easy reach of Merivale and Riccarton - picture yourself strolling to the Farmers’ Market for Saturday morning brunch.
FOR YOUR REFERENCE. SALE PRICE
06
$...........................................
89 Cotswold Avenue, Bishopdale Chic Refurbishment! First Home Buyers! • Want something special? Step inside 89 Cotswold Ave and be impressed at the style embodied in this 3 bedroom Bishopdale beauty. Merely unpack and let your lifestyle begin with time free for family and recreation. • Conveniently positioned close to the Cotswold Primary School and Kindergarten, it’s an ideal place for young professionals and families to set up home. Not one to brag but the new galley style kitchen has generous bench space and a plentitude of drawers, making every day in the kitchen a pleasurable experience. Being an open plan galley style kitchen, you’re a part of the conversation, accessible to the happenings in the living area, yet with an element of separation. • But wait, there’s more! Waiting for you in the luxurious bathroom is a stunning free standing bath where you’ll spend many hours relaxing! The bedrooms are pleasantly neutral in décor and comfortable in size.
DEBBIE SOPER PAPANUI
• Landscaping is simple and appealing. The section is 620sqm in size, with the back garden being private and fully secured for children and dogs. Land Category is TC2.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
07
38 Vernon Drive, Lincoln Brand New With Views – Where Dreams Come Home! • Striking Hebel and cedar executive home thoughtfully designed from the handsome exterior to the light and inviting interior and wonderful views over the reserve, this is a home you will feel proud to come back to each day. • The appealing formal entry, designer kitchen with walk-in pantry, open-plan kitchen, dining and family room plus a formal lounge are perfect for family gatherings and entertaining. Two heat-pumps, underfloor heating to tiled areas, 100mm polystyrene insulation under the entire floor slab and even the garage is insulated. 4 double bedrooms, master with WIR and en-suite, family bathroom with bath and shower, internal double garage, expansive decking and a landscaped garden. • Centrally located in the heart of beautiful Lincoln Township, easy walking distance to Lincoln University and the local shopping centre, what more could you want.
LAUREN & BILL CLEMETT PAPANUI
• Our vendor is moving to his next project and wants this fine property sold soon-as, don’t hesitate, ready now to move in and enjoy with all the benefits of town and country living.
FOR YOUR REFERENCE. SALE PRICE
08
$...........................................
67 Mays Road, Papanui A Site To Behold! - ‘As Is’ • If you google the word ‘opportunity’ you’ll see it defined as ‘a time or set of circumstances that make it possible to do something’. And that’s exactly what our feature listing is - a rare opportunity to do something very special. • Located on the corner of Mays Road and Scotston Ave - one of the city’s most popular streets - this 675m2 property is ripe for redevelopment. • The existing home is in very original condition and no EQC work has been carried out, however the home is still currently insured. • The property comprises of three bedrooms, a bathroom with shower over bath, and generous living areas. • Surrounded by other homes of undeniable quality this substantial parcel of land would make the perfect setting for your new home. Zoning for some of Christchurch’s most sought after schools including CBHS, Heaton Intermediate and Paparoa St. Primary, adds strength to any investment, as does the proximity to Northlands Mall and the exclusive Merivale shopping precinct.
MARY TURNBULL PAPANUI
FOR YOUR REFERENCE. SALE PRICE
09
$...........................................
24 Shillingford Boulevard, Rolleston A Twist of Difference • If you are looking for a home with that “Something Special”, then here it is. • Situated in the highly desired development of Faringdon in Rolleston is this bespoke home of Scandinavian influence with high quality fixtures and fittings which add to the European touch. Our owner’s creative flair and beautiful combinations compliment every room which exudes personality and charm. • In this location you will become part of an effervescent friendly community. Close by a new shopping complex is under construction which will include café, convenience store, clothing store and restaurants. The new Lemonwood Grove Primary School is coinciding to open with Rolleston College at the beginning of the 2017 school year. Walk through Forest Park to the aquatic centre and recreational facilities. This location is live where you play. • 10 year Master Build Guarantee transfers to new owner on settlement.
CLARE BEER PAPANUI
• Our owners heart and soul has gone into the completion of this property and they will be sad not to enjoy the results of their hard work.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
10
399A Main North Road, Redwood My Owners Have Purchased! • Welcome to this generously sized 228sqm 4 double bedroomed townhouse set on a private rear 437sqm freehold section. This is a great home for the busy lifestyle where an easy care lifestyle can be enjoyed, as well as great for the lock up and leave travellers at heart. • A spacious entrance sets the scene for the spaces on offer throughout. The open plan kitchen / dining area is a sociable hub with doors to the outdoors conveniently placed to access the raised vege garden, or head through the double doors to discover the light filled lounge, which also opens to the private outdoor living area. • A downstairs bedroom makes for a convenient separate office and the guest toilet room is large enough to install a shower should you wish to. Upstairs you will discover the meaning of spacious bedrooms and great wardrobing with the remaining bedrooms. If you want a master bedroom large enough to get away from it all ... this is it! There’s room to place a comfy chair or two, and not to mention, an easily accessible walk through wardrobe and ensuite. The family bathroom is also generous in size.
DEBBIE SOPER PAPANUI
FOR YOUR REFERENCE. SALE PRICE
11
$...........................................
7 Queens Avenue, Fendalton Style Without Compromise • Supremely elegant, this generously proportioned home is appointed to the highest specifications. Boasting a blue chip address, in zone for top schools and close to Merivale and the CBD, this is contemporary living without compromise. • Designed to allow natural light to flood in, the home is as practical as it is beautiful. The north-facing living is a large, sunny space opening to the garden for year-round entertaining. The pared-back simplicity of timber floors and neutral tones in the sitting and dining areas flows to a stunning monochromatic kitchen with butler’s pantry. An adjoining separate lounge features a gas fire. • Upstairs is a sumptuous master suite with WIR and luxurious en suite with sauna, along with two further bedrooms and a family bathroom. Downstairs, two more bedrooms share an en suite. A separate laundry and triple internalaccess garage complete this lavishly appointed home.
CAMERON BAILEY PAPANUI
• Outside, the garden has been landscaped for ease of living and entertaining, with generous decking, lawns and easy-care plantings.
FOR YOUR REFERENCE. SALE PRICE
12
$...........................................
95 Brookside Terrace, Bryndwr Big House - Small Price! • First home buyers, renovators wanting a project or rental investors looking for a cash cow, this commodious family home in need of some TLC sited on a full sized 873m2 kiwi section, caters to all. • With four bedrooms and two livings or five bedrooms and one living, two showers and one toilet you have real options to consider. • Cobham and Burnside school zones and the convenient location make this fast improving area a wonderful place to make your move onto the property ladder. • A real value for money property and very attractive to Kiwi savers. So much opportunity for improvement or development but quite liveable as it is. • No if’s or but’s this will be sold on auction day as our vendor has already purchased.
LAUREN & BILL CLEMETT PAPANUI
FOR YOUR REFERENCE. SALE PRICE
$...........................................
13
12 Fovant Street, Russley A Timeless Classic • Built in the 1970s this 220sqm family home is a classic design that stands the test of time. • On a full family sized section of 759sqm with the outdoors blending seamlessly with the indoors, summer can be enjoyed in full here. Security provides peace of mind with gated access via intercom entry allowing the children to freely roam & enjoy their space and a thoughtfully planned garden provides an enjoyable vista with numerous outdoor options. • This is a home that needs to be seen to be appreciated as it offers a flexible floor plan that can be configured to suit depending on your family requirements. The ground floor offers open plan kitchen/dining/living keeping all family members together and the second living area is spacious providing comfort to families or when entertaining. • The upper level caters for an expansive master bedroom along with its own balcony and ensuite. Ceiling storage is abundant and there is also a separate room on this level ideal for use as a nursery or additional office/ work space.
SANDRA O’BRIEN PAPANUI
FOR YOUR REFERENCE. SALE PRICE
14
$...........................................
66B Derby Street, Merivale City Life, Easy Living! • Combining timeless style and practicality in one easy-care package, this modern functional home boasts a desirable location, in zone for top schools and perfectly placed for enjoying the CBD and Merivale. Built by Mike Greer Homes for your peace of mind, it offers the ultimate contemporary lifestyle. • With a northwest aspect, the sunny open-plan living opens to decking for easy entertaining. Lounge and dining areas flow to a family-sized kitchen with walk-in pantry. • Upstairs, the master bedroom is well-appointed with balcony, WIR and en suite bathroom. Two further double bedrooms on this level are served by a spacious family bathroom. A fourth, light-filled bedroom downstairs - and the convenience of a third bathroom - are ideal for guests. A separate laundry and double internal-access garage complete this practical home.
MARY TURNBULL PAPANUI
& LEEANN MARRIOTT
• Outside, the manicured freehold 342m2 section features extensive decking and easy-care plantings, keeping maintenance minimal.
FOR YOUR REFERENCE. SALE PRICE
01
$...........................................
5 Parnwell Street, Burwood
FROM 12:00 Noon
“As Is, Where Is” - A Wee Cheapie • The owner has cash settled with their Insurer and this now presents you with an entry level opportunity to buy this 1950’s roughcast home on an uninsured basis. • So many options here - add to your rental portfolio, remediate and reinsure, or simply live in the home, the choice is yours. • Three double bedrooms, double garaging, and sited on a generous 809sqm of land. • Located in zone for Waitakiri Primary School, and close to Travis Wetlands and the proposed development on the old QEII site. • Come and explore the potential, you won’t want to miss this opportunity.
JUDITH BODGER PARKLANDS
FOR YOUR REFERENCE. SALE PRICE
$...........................................
02
2/27 Sherborne Street, St Albans Clear “Must Sell Instructions” • This is an amazing opportunity to obtain a significant (approx 170sqm) brand new, stand alone home on a freehold title, just on the fringe of the inner city. • Our owner has clearly stated that a sold sticker is required as their next project is well under way and they wish to utilise their equity further. • Previous price points are irrelevant. This two storey home has just been completed with a large double internal access garage, generous open plan living, granite bench top plus a ground floor guest toilet. Upstairs accommodation includes a massive master bedroom with an awesome walk in robe plus tiled ensuite. The additional two oversized bedrooms also have lovely tiled ensuites. • This is the second standalone townhouse complete with standard warranties, double glazed, fully insulated, north facing plus easy access to the inner city yet with close proximity to Edgeware Village. Ideal town base, investment option or professional couple.
MARK O’LOUGHLIN REDWOOD
FOR YOUR REFERENCE. SALE PRICE
03
$...........................................
1/51 Watford Street, Strowan “Leaky Home” - Overseas Owners Resigned To Selling! • An Invasive building inspection has identified weather-tightness issues in this 1990’s constructed townhouse, a full copy of this report is available. What this means is the property needs to be remediated, which will include, but not necessarily be limited to re-cladding, replacement of some timber framing and redecoration. • Is a property like this saleable?? Absolutely - particularly if the price is right. Naturally we have had some tough conversations with our owners who understand what it is going to take to get this property sold, and they have instructed us to “just get on with it”! • Hence, ignore absolutely all previous pricing as it no longer applies given the evidence of the identified weather tightness issues.
FOSS & MARK SHANAHAN BROWNLEE PAPANUI
04
• However, all is not lost given some of the fundamentals of this home, such as its excellent location on the Western side of ever popular Watford Street, school zones being CBHS, Heaton Intermediate, Waimari Primary and private schools nearby including St Andrews College at the end of the road.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
25 Willoughby Lane, Queenspark Nature on Your Doorstep... • Welcome to Willoughby Lane where homes are tightly held and the recreationalist haven of Bottle Lake Forest is virtually on your front doorstep. • Encompassing a floor area of 260sqm approx., our subject area provides the space and proportions you won’t find in the new subdivisions. Living spaces bask in natural light, while the four bedrooms provide plenty of options for family and guests. Storage is aplenty in the well-appointed kitchen, which forms the central hub of the home and lends well to seamless entertaining. • The landscaped 993sqm grounds include plenty of space for kids and pets to run amok. The summer barbie housewarming will be a blast with the cleverly configured deck and patio areas.
PETER & CALEB GRIFFIOEN GRIFFIOEN PARKLANDS
• With desirable zoning for Queenspark School and the pending relocation of Avonside Girls’ and Shirley Boys’ to the former QEII site - you can consider this as a long-term housing option for the whole family.
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
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.
07
UPCOMING
GOLD
AUCTIONS 3RD NOVEMBER
10TH NOVEMBER
12 Jacksons Road
Mary Turnbull
176 Pine Avenue
Alister Anderson
6 Claremont Avenue
Mary Turnbull
86 Cavendish Road
Mary Turnbull
12 Pentlow Place
Mark O’Loughlin
1/128 McFaddens Road
Mark O’Loughlin
& Jenny Laney
& Chloe Brewer
174 Idris Road
Lauren & Bill Clemett
127A Fendalton Road
Cameron Bailey
57 Lancewood Drive
Clare Beer
11 & 11A Manor Place
Julie Proctor
50 Longhurst Terrace
Mary Turnbull
9 Holly Road
Debbie Soper
11 Cottesmore Close
Sandra O’Brien
10 Argo Place
Doug & Debbie Soper
9 Aztec Place
Belinda & Sam Dunster
1-4/62 Barbour Street
Peter Griffioen
33 Naseby Street
Cameron Bailey
31 Central Avenue
Doug & Debbie Soper
22 Horotane Valley Road
Cameron Bailey
10 Hatton Court
Mary Turnbull
17A Halton Street
Cameron Bailey
48 Roosevelt Avenue
Ashley Sutherland Todd
544 Madras Street
Cameron Bailey
8 Valley View
Debbie Soper
8 The Belfry
Cameron Bailey
1/33 Trafford Street
Tracy Frew
38 Crombie Green
Deb Harvey
22 Flockton Street
Peter Griffioen
435 Ilam Road
Ashley Sutherland Todd
74A Glandovey Road
Foss Shanahan
1/58 Cresswell Avenue
Deb Harvey
111B Yaldhurst Road
Julie Proctor
2 Seacroft Place
Peter Griffioen
98 Hawthorne Street
Mark O’Loughlin
28 Alpine View Lane
James Shepherd
2/177A Grimseys Road
Mark O’Loughlin
166B Hackthorne Road
Debbie Soper
19 Willoughby Lane
Frances Hawker & Nikila Creagh
205 Burwood Road
Chris Mangels
29 Woodhaven Place
Peter Griffioen
6 Courtfield Close
Peter Griffioen
& Jenny Laney 50A Winchester Street
Deb Crosby
28 Carrick Street
Cameron Bailey
23 Kapiti Street
Debbie Gordon
13 Straven Road
Tracy Frew
21 De Bloge Place
Debbie Gordon
FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:
http://www.homes4sale.co.nz /auction/upcoming-auctions
08
AUCTION BID RECORD 27TH 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
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