OUR EXCLUSIVE PROPERTY MAGAZINE
ISSUE 32 6TH OCTOBER 2016
reside
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WORK
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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
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Welcome to the October edition of Reside magazine The property market is booming this October so if you’re looking to buy or sell, steady price growth and low interest rates make Spring the right time to strike. We’re confident that we have properties to meet everyones real estate needs.
Market Comment
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Gold Chat
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Happy reading
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04
Auction Bid Sheet
Upcoming Auctions
Conduct Of Auction
01
ORDER OF SALE
MEET TODAY’S AUCTIONEERS
OCTOBER 6TH, 2016 From 10:00am 01
77 Waimea Terrace, Beckenham
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66 Pembroke Street, Avondale
03
118 Baker Street, North New Brighton
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45 Harrowdale Drive, Avonhead
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22 Rushden Rise, Westmorland
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5 Leo Street, Bishopdale
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11 Sharnbrook Lane, Regents Park
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2 Ti Rakau Drive, Brookhaven
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16 Prossers Road, St Martins
BRYAN THOMSON FREINZ AUCTIONEER
BEN DEANS AUCTIONEER
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
01
77 Waimea Terrace, Beckenham
FROM 10:00am
BROUGHT FORWARD Picturesque, Peaceful and Private • Nestled in the highly desired Beckenham Loop, standing strong and proud on an elevated site, is this delightful bungalow consisting of three bedrooms, two bathrooms and two living areas. The jewel in the crown is the picturesque views out over the tree lined river. • You are spoilt for choices in living, both indoors and out, there is room for family fun activities on a private secure back yard and the north facing terrace at the front of the house allows you to take advantage of the views, afternoon and evening sun. Here you can relax after a busy day amidst the peace and tranquillity here in this special location. • A big plus is the outdoor studio, ideal for work from home, hobby room or a super playroom for the family, you choose.
CLARE BEER PAPANUI
• All EQC work completed and the property has been tastefully renovated over recent times, with neutral décor, giving a lovely relaxed and fresh feeling.
FOR YOUR REFERENCE. SALE PRICE
02
$...........................................
66 Pembroke Street, Avondale Ripe for Remediation - As Is, Where Is • The insurance claims have been settled and our owners have relocated elsewhere leaving 66 Pembroke Street now surplus to requirements and selling on an uninsured, as is, where is basis. • 1950’s solid brick construction • 646sqm site oriented for maximum sunlight • Extra large double skyline garage with attached sleepout • Repairable pile and concrete ring type foundation • Geotech Report, Repair Strategy and Rental Assessment available • Located in the heart of Avondale, boasting an enviable outlook towards the Avon River, this family home is well suited as a tidy rental, DIY project or low cost housing option.
VICKY & NIKILA GRACE CREAGH PARKLANDS
FOR YOUR REFERENCE. SALE PRICE
03
$...........................................
118 Baker Street, North New Brighton “As Is, Where Is” Plenty of Potential Here! • 140sqm home on 1032sqm section with double garage. • Spacious sunny home built in the 1970’s on ring foundation with piles. • Deemed a rebuild after much debate, owners cashed settled and moved. Vacant and ready for new owner. • 3 large double bedrooms, kitchen has been upgraded over the years, spacious living and conservatory. • Great indoor outdoor flow to BBQ area, large section suitable for children and pets. • Plenty of new builds in the street, close to the newly proposed schools and sporting facilities.
DEBBIE GORDON NEW BRIGHTON
FOR YOUR REFERENCE. SALE PRICE
$...........................................
04
45 Harrowdale Drive, Avonhead Make Haste to Harrowdale • This stunning townhouse is simply flooded with natural light, warming you from the inside out. • The large garage, two double bedrooms, bathroom with separate toilet provide easy living. • On the subject of living, there is a spacious lounge, large modern dining and kitchen as well as a fantastic hobby room combined with a laundry. • This corner site on the sought after Harrowdale Drive offers plenty of off street parking; low maintenance established grounds and is within easy reach of Fendalton, Merivale and Riccarton. Zoned for Avonhead Primary and Riccarton High School and close to all amenities, this desirable townhouse will be snapped up fast so don’t delay!
ASHLEY SUTHERLAND TODD PAPANUI
FOR YOUR REFERENCE. SALE PRICE
05
$...........................................
22 Rushden Rise, Westmorland As Is Where Is - An Easy Fix! • Combine modern construction, largely cosmetic damage, and a desired location for the ideal ‘as is, where is’ opportunity. • Our subject property, located on the desired lower slopes of Westmorland predominantly exhibits cosmetic damage to internal wall linings and exterior cladding. No relevelling of the foundation is required (see Cook Costello Foundation Assessment Report). Convincingly, for an ‘as is where is’ property, this equates to a more straightforward repair strategy. • Constructed in 2008, providing functional design for maximum sun and year-round warmth. With an enviable outlook, the open plan living space ensures easy entertaining and day-to-day living. All bedrooms are genuine doubles (master with walk-in robe and ensuite upstairs) and the two downstairs also benefit from full bathroom facilities. • Nestled in an enclave of modern homes with the Port Hills on your back doorstep, you can be assured the property’s position will underpin the value of your investment. Zoning for popular Thorrington Primary and Cashmere High is a further asset for families.
PETER & TESS GRIFFIOEN MALEY PARKLANDS
FOR YOUR REFERENCE. SALE PRICE
06
$...........................................
5 Leo Street, Bishopdale Lunge into Leo! Repairs & Reno Completed! • Ready for your family to move in and enjoy - this recently renovated bungalow has to be seen to be truly appreciated. • Featuring all the comforts and modern convenience of a brand new home, but also having the benefit of a mature site in an already-established, highly sought-after neighbourhood. • No compromises have been made or detail overlooked in transforming this 1960’s bungalow into a property that you will be proud to call home. • Recent renovations have given this fantastic home a new lease on life. Boasting a new kitchen and bathroom, open plan living areas, and oriented to the north-west. Opens onto a recently built deck overlooking an expansive lawn and manicured section - offering alfresco dining opportunities during the spring and summer months.
HEATH KELLY PARKLANDS
• Exterior painting gives a sharp, fresh presentation and leaves the dwelling maintenance-free for the next few years. • Zoned for Roydvale Primary, Breens Intermediate, and Papanui High. TC1 land classification.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
07
11 Sharnbrook Lane, Regents Park New Listing - Always Popular Regent’s Park • Built in brick with colour steel roof (recently repainted with 10 year warranty), this home is immaculately presented for immediate sale. • New carpets, tiles, blinds, and redecorated neutral tone decore means the home is ready for you to move in and just unpack to enjoy. • Offering two spacious living rooms both catching optimum sunshine. Four bedrooms all with wardrobe space, one easily usable as a home office. The master has ensuite with tiled shower. A bonus too is that there is a separate laundry with generous storage. • This home will easily suit a family or a couple as a retirement option or “empty nester” buyers with no family now at home. • All EQC work has been completed enabling the new owners to just move in to enjoy all this location has to offer.
ALISTER ANDERSON PAPANUI PAPANUI
• Sited on a private rear section, good off street parking and the ability to create more with space for boat or extra vehicles - could suit trades people.
FOR YOUR REFERENCE. SALE PRICE
08
$...........................................
2 Ti Rakau Drive, Brookhaven As Is Where Is - Well, Just! • Currently insured and exhibiting minimal damage this one should definitely move to the top of your as is where is shopping list! • Likely cost effective repairs as follows: • Foundation - only requiring replacement garage floor (see engineers report) • Internal - cosmetic repairs to wall linings • External - plaster repairs and painting of monolithic wall cladding • While being sold on an ‘as is, where is’ basis, 2 Ti Rakau Drive provides every opportunity for a straightforward repair, reinsure and resell! • A generous 750sqm parcel of land allows easy and secure outdoor living, while the home’s orientation captures natural light and warmth.
PETER & CALEB GRIFFIOEN GRIFFIOEN PARKLANDS
09
• On the lower level you’ll find the master bedroom with walk-in robe and ensuite, with the remaining three doubles located upstairs with additional bathroom facilities.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
16 Prossers Road, St Martins “WOW” - An Exciting, Spacious “As Is, Where Is” Opportunity • ..Sitting on 1017m2, TC2 Land... • Secure this exceptionally spacious, plaster over brick home, at an affordable price with excellent investment, remediation or redevelopment potential now or in the future. • Although it’s being sold on an “as is, where is” basis without insurance or assignment of EQC or insurance claims/proceeds the size and presentation of the home will definitely impress on inspection • A rear and private, TC2, 1017m2 section in a gorgeous, quiet tree-lined street offers excellent holding income for investors if required
DEB CROSBY PAPANUI
• This exceptionally spacious five double bedroom (ensuite and WIR) home has been tastefully upgraded throughout and has the advantage of having three separate living rooms which all receive wonderful sun and flow to the northfacing patio and garden • In St Martins and Opawa Primary plus Cashmere High School zones
FOR YOUR REFERENCE. SALE PRICE
$...........................................
02
CONSULTANTS
HARCOURTS GOLD
R
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TOP 10
HA
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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
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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 20TH OCTOBER
13TH OCTOBER
12 Shenley Drive
Debbie Soper
58 Waiora Lane
Doug Soper
50 Sherbourne Street
Mary Turnbull
44 Blue Gum Place
Debbie Gordon
60 Francis Avenue
Mary Turnbull
6 Seclusion Lane
Sandra O’Brien
46 Travis Country Road
Lewis Donaldson
6A Braco Place
Mark O’Loughlin
89 Te Korari Street
Cameron Bailey
160 Hills Road
Cameron Bailey
118 Leinster Road
Mary Turnbull
& Kelly Cross
73-75 Antigua Street
Cameron Bailey
& Pedro Park
& Kelly Cross
161 Soleares Avenue
Cameron Bailey
295 Armagh Street
Cameron Bailey
60 Lansdowne Terrace
Cameron Bailey
& Kelly Cross
205 Knowles Street
Julie Proctor
1/29 Wainoni Road
Debbie Gordon
79 Tuckers Road
Andrew McNabb
3 Royalist Avenue
Peter Griffioen
710 Downs Road
Keta Ferrari & Karen Adamson
9 Westpark Drive
Julie Proctor
16 Pukeko Place
Peter Griffioen
11 Christian Street
Cameron Bailey
24 Stackhouse Avenue
Clare Beer
26 Millhill Lane
Lewis Donaldson
FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:
http://www.homes4sale.co.nz /auction/upcoming-auctions
08
AUCTION BID RECORD 6TH 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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