ISSUE 10 21ST APRIL 2016
Jim Davis
An insight into the current real estate market in Canterbury
Learn how to utilise our Wifi hotspot Lynette McFadden New Build Tips
reside
OUR EXCLUSIVE PROPERTY MAGAZINE
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APRIL
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GOLD AUCTION DAYS
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JOHN MCFADDEN Business Owner Harcourts Gold AREINZ
LYNETTE MCFADDEN Business Owner Harcourts Gold AREINZ
CAMERON BAILEY Business Owner Harcourts Gold & Sales Consultant
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ORDER OF SALE
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Auction Excellence
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CONTENTS
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Welcome to the April edition of Reside magazine The property market is booming this April so if you’re looking to buy or sell, steady price growth and low interest rates make Autumn the right time to strike.
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We’re confident that we have properties to meet everyones real estate needs.
Happy reading
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Auction Bid Sheet
Upcoming Auctions
Market Comment
Tips For New Builds
Conduct of Auction
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ORDER OF SALE
MEET TODAY’S AUCTIONEERS
APRIL 21ST, 2016 From 10:00am 01
228 Clyde Road, Fendalton
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70 Glandovey Road, Fendalton
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47 Westburn Terrace, Ilam
Brought Forward From 4:30pm 01
108 Knowles Street, Merivale
BRYAN THOMSON FREINZ AUCTIONEER
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
BEN DEANS AUCTIONEER
From 10:00am 01
228 Clyde Road, Fendalton Double Vision - As Is Where Is • You would be forgiven for thinking you are seeing double! • This is a fabulous opportunity for you to purchase two properties side by side on an as is uninsured basis. Being sold together as one unit, and deemed a repair on TC2 land, there are options going forward here. Either hold and landbank whilst renting the two units, develop the site or live in one and rent out the other. • The location speaks volumes so close to Fendalton Village & the Library as well as being in Fendalton, Cobham, Burnside High & Christchurch Boys’ High school zones. • With each townhouse offering three bedrooms, two bathrooms and generous dining/ living areas. • Such is their resolution to move forward, our two owners have agreed formally to sell these two units together as one lot. • We suggest you seize the day as motivation is high.
SANDRA O’BRIEN & JAMES SHEPHERD PAPANUI & PARKLANDS
FOR YOUR REFERENCE. SALE PRICE
$...........................................
ANZAC
DAY 2016 MONDAY 25TH APRIL “With everyday gratitude we remember those who gave us our future.”
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70 Glandovey Road, Fendalton A True Classic: Heathcote Helmore on 2,023 sqm • All too rare and becoming rarer by the day, the classic properties of Christchurch combined gracious yet family-friendly homes with space and leafy privacy. • Occupying 2,023 sqm of prime Fendalton real estate in two titles, 70 Glandovey Road offers all the grace of a traditional home designed by renowned architects Heathcote Helmore and Henry Cotterill, lovingly modernised for contemporary living. • Originally built for local businessman Bryan Todd, son of Charles Todd (renowned for establishing the Todd Motor Company), the property has a Category 2 listing with Heritage NZ for both its historic and architectural significance. • Inside, generously proportioned rooms have been gently enhanced by the current vendors.
FOSS SHANAHAN PAPANUI
• Outside, the Robert Watson-designed garden boasts an elegant Oamaru stone pergola linking the sheltered pool area with the all-weather tennis court (newly resurfaced in 2016), and provides a very private and established botanical retreat. • This is a very rare opportunity to secure a true classic.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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47 Westburn Terrace, Ilam A Family Haven or 1163sqm of Pure Potential • Tucked away down a long driveway off the highly desirable Westburn Terrace, this home offers an exceptional opportunity to secure a large parcel of land for your family to enjoy... Or for savvy developers to unlock the potential and develop. • The current owners have undertaken and completed an excellent modernisation to the existing dwelling, creating a spacious three double bedroom, two bathroom home that can simply be shifted into and enjoyed. • There are three outstanding, interconnected living spaces that bask in all day sun have great indoor / outdoor flow - perfect for entertaining! • The section itself has benefits that are so rare these days. 1163sqm of Technical Category 1 land (TC1) that offers potential for further development. The landscaping has been undertaken sympathetically as not to encumber the existing dwelling in the future and to protect its value. • To complete the package this home is zoned for the sought after Westburn Primary and Burnside High School.
CHRIS MANGELS PAPANUI
FOR YOUR REFERENCE. SALE PRICE
WITH OUR COMPLIMENTS
$...........................................
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VALID FOR 8 HOURS
From 4:30pm 01
108 Knowles Street, Merivale BROUGHT FORWARD Classic Character, Desirable Location! • Nestled on a family-sized 761m2 section and surrounded by other quality homes, this character-packed residence plays host to three double bedrooms and two bathrooms, including an ensuite off the master. • The open plan kitchen/dining area opens out to an expansive entertainer’s deck - the perfect spot for alfresco dining - while the ‘L-shaped’ formal lounge is the ideal place to relax and unwind on those cold winter nights!
MARY TURNBULL PAPANUI
• The outdoor area is simply idyllic, with manicured lawns and established gardens framing the sun-soaked deck. Zoning for highly-desirable schools including CBHS, Heaton Intermediate and Paparoa Street Primary adds to the appeal, as does the proximity to everything from Rugby and Malvern Parks to the exclusive Merivale shopping precinct, with its vibrant cafes, thriving bars and boutique shops. • Homes of this era, in this condition, are always in demand, particularly when they’re situated in this eminently popular pocket of the city.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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AUCTION EXCELLENCE With excellent sales prices, large numbers of attendees and very high clearance rates, it is easy to understand why our owners choose the gold team and its auction process when selling. Our auction results continue to exceed expectations as we steadily provide outstanding results for our owners on a weekly basis. ‘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
At Harcourts gold we believe auction has fast become the preferred and most proven method of buying and selling property in the current Christchurch Real Estate market. Whether you are auctioning a small property, investment property, or one worth millions of dollars, the Harcourts gold action experience is tailored specifically to your needs. We have a committed group of consultants, whose combined years in the industry mean they have a wealth of experience in assisting both buyers and sellers through the auction process. As auction advocates and practitioners, we know it is imperative that we operate at the highest level for our clients. With regular in-house training and a particular focus on customer care, we regularly review our processes in order to ensure we have up to the minute technology and systems in place for our clients. Harcourts gold has proven systems in place that enable all our consultants to be effective in guiding you through the auction process, and to ensure a positive outcome on auction day and beyond. They are supported throughout the auction campaign by an experienced gold management
team, with proven negotiation skills and many years of real estate experience between them.This team focus is complimented by the combined skill and expertise of our two in-house auctioneers, both during the reserve set meeting prior to and in the room on auction day. It is our aim is to facilitate an unconditional sale at a price you consider acceptable, within a specific timeframe. Your Harcourts gold consultant can provide you with a current copy of our recent auction sales statistics or you can download a copy from our website under the ‘Auction’ tab. This information is updated weekly and published in our Reside magazine every auction day. A copy of Reside is available weekly either on our website or presented to you as you arrive in our auction room. The entire auction process with the Harcourts gold group is treated with the utmost professionalism and we are extremely proud of the results it has produced for both owners and buyers. With a proven record of success we will do everything we can do to assist you in achieving a successful sale!
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Market Comment
GOLD COMMENT
We have listed and sold an additional 104 Auctions in the past year, an increase of over 18%. Our total number of written sales has also increased by close to 18% over the year. It is this sort of level of performance you require from a professional team and a professional company when you are selling your biggest asset. With the release of the April REINZ data it is apparent that Christchurch has continued with the strong steady market we have been talking about and experiencing for over a year now. From what our consultants are telling us and based on open home visits, there has been no drop off in demand from the buyers, and certainly no discernible letup in enquiry. The REINZ stats tell us there were some 810 residential sales of dwellings and sections recorded in Christchurch city for March this year, almost 80 more than March last year. This increase of around 10% is showing us that our market is still strong and steady. The aforementioned volume of sales makes it the third best March sales month recorded in the last 10 years. We have now had the last two months consecutively showing near record sales volumes, a very positive sign for our city and what is happening around us. As mentioned last month we have noticed a significant slowdown in listing activity, in comparison to what we would normally expect. There is no discernible reason that we can think of to account for this, unless Christchurch is just taking a breather while people enjoy their homes having been remediated, replaced, repainted and repaired. So once again, with good sales still occurring and reasonable stock levels, we can expect that prices will remain steady for the near future. This is borne out with the current Median sale price
for Christchurch showing very little movement over recent months and it has consistently hovered around the $440,000 level +/- according to the REINZ data. Certainly when talking with our consultants there is seems to be a feeling that we are still not seeing a lot of movement price-wise either up or down, and that’s purely because there is currently a reasonable amount of choice out there for buyers. As mentioned last month the good old Traditional “Blue Chip” locations continue to get huge levels of interest in available property. In recent times we have started to see an even greater availability of the “As Is“ properties coming up in these sort after areas, and it is noticeable that this is creating a large amount of interest within the development sector, which developers, and investors competing with individuals wishing to purchase in the Blue Chip locations. Here at Harcourts Gold we have just finished up the latest financial years results, and as you would expect with a well performing group of offices they are outstanding. We have listed and sold an additional 104 Auctions in the past year an increase of over 18%. Our total number of written sales has also increased by close to 18% over the year. It is this sort of level of performance you require from a professional team and a professional company when you are selling your biggest asset. As mentioned earlier, the REINZ figures capture the median sale price as an indicator of what values are doing.
JIM DAVIS BUSINESS DEVELOPMENT MANAGER HARCOURTS GOLD Here at Harcourts Gold, we capture the average sale price of all our transactions across the city. According to our statistics, there has been a very modest 2% rise in the last year which reinforces what I said earlier - that property prices have not altered greatly in the last year. If you are interested in the rental market across the city, a quick search shows that currently there are in excess of 1800 rentals available to rent at any given point of time. As a landlord this equates to a lot of lost income potential, and the longer your property remains untenanted the greater the potential lost income. More than ever it is critical your rentals are priced competitively in the current climate. Just because you had a great rent last year when you signed in your tenant, this doesn’t mean there is another prepared to pay the same level when they have so much choice available. Think carefully of the rent you want, especially as there are now plenty of newly renovated (and in some areas plenty of new built) property available. If you need help in this regard, contact our Team at Gold Property management as they are experts in the Property management field. Autumn is well and truly here now, but make no mistake the market is still very active. So if you need the best of the best working on the sale of your property, call Harcourts Gold or one of our Gold sales consultants.
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Tips for New Builds
After an almost three year mission involving selling (a home I loved), moving (next door), selling again to the same neighbours (thanks guys), and wondering why we didn’t just buy instead, we are now only three months away from moving in to our newly constructed home.
Well at least that’s what I’m working towards and it would be fair to say there might be some tears if it takes longer than that! It’s so close I dream about it at night. I see the colours on the walls and the furniture in its ‘just right’ position. I no longer see the builder’s rubble, the mounds of dust or bang my head on the scaffolding. Don’t you just love that about dreams?
GOLD CHAT
But this dream sits across some very harsh realities and I’ve got a new appreciation of how it feels to embark on a massive project whilst trying to juggle a life and career that’s full to overflowing. This month I’ve got some building dos and don’ts to share which even though they may be of little relevance to others in the same boat, it makes me feel better to have expressed them.
LYNETTE MCFADDEN BUSINESS OWNER HARCOURTS GOLD
Everything and everybody in their place It’s brilliant to engage specialist assistance. It could be an architect or a designer, both of whom will have their own unique prospective about the project, which is brilliant. The issues can start when the reality of what they draw or envisage and how you like to live collide. I’m all for beauty but it can come at a massive price tag and an absence of practicality. Constant communication is the secret to reducing stress, allowing everyone to work together rather than wrangle over fittings, spaces and colours. Get good tradies What a difference a wonderful team of tradies makes. I’ve really enjoyed the team who have worked for us, ably lead by our young foreman Jake.
Despite numerous challenges this savvy team have battled the elements, the size and complicated nature of the build and the occasional apathy of other introduced tradesmen. Make sure you get the best possible team, shout beers when it’s hot and keep the coffee and other goodies up. Watch those “extras” Don’t be afraid to make changes if you must but remember ‘extras’ add up and will sit outside of your initial quote. Get any in writing and make sure all parties know what’s expected. Don’t fall out over not having an understanding of what you were requesting and it’s easy to occur when some extras, a change here, a change there can amount to thousands of dollars.
The devil is in the detail Not everyone can read plans! I like 3D drawings because I can get a better picture of things and I can see details. Ask for these if looking at a set of plans if it helps. Despite my best efforts I have visited our site to be surprised by elements I never realized were going to appear. Windows I hadn’t expected, different door handles, ceiling heights, all examples of details I’d missed. Thankfully it still worked well, once I’d seen everything but it would have been good if I’d paid more attention. So here we are three months and counting down, wish me luck and wish some for the poor movers who will have me hovering around as they cart my life’s treasures from our current place to our new home. And that’s it because I’m not moving again!
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Conduct of Auction This is an extract from the contract so please refer to complete terms as supplied and available on display.
• The property is offered for sale subject to a reserve price being met, the highest bidder whose bid is accepted by the auctioneer shall be the purchaser. • The auctioneer may nominate the sum by which the bidding can be raised. • The auctioneer may refuse any bid. • The auctioneer or the licensed real estate agent acting for the vendor in respect of the sale may submit a bid on behalf of any person. • The auctioneer shall identify a person so acting before the commencement of bidding. •
The vendor reserves the right to bid personally, by a representative, or through the auctioneer and to withdraw the property at any time before it has been sold and with out declaring the reserve price.
• If a dispute arises concerning any bid, the auctioneer will determine the dispute or re-offer the property at the last undisputed bid.
THE PURCHASER SHALL IMMEDIATELY ON THE COMPLETION OF THE AUCTION: a) Sign the Memorandum of Contract failing which the auctioneer may sign on behalf of the purchaser. b) Pay to the vendor’s licensed real estate agent the deposit being 10% of the purchase price unless otherwise agreed; and c) Complete its GST information in Schedule 1.
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UPCOMING
GOLD
AUCTIONS 12TH MAY
28TH APRIL 2 Sumner Street
Sandra O’Brien
15 Maurice Stanton Place
Julie Proctor
471 Greers Road
Mary Turnbull
82 Rothesay Road
Sandra O’Brien
14 Eglinton Street
Debbie Gordon
53 Rugby Street
Deb Crosby
10 Newnham Terrace
Mark O’Loughlin
15 Mahlet Street
Cameron Bailey
155 Major Hornbrook Road
Peter Griffioen
32 Knowles Street
Cameron Bailey
140 Baker Street
Bev Johnson
121A Puriri Street
Sandra O’Brien
25 Birchs Road
Ben McNabb
6B Highgate Avenue
Deb Harvey
24 Woodlau Rise
Peter Griffioen
45 Waimea Terrace
Clare Beer
38 Hewitts Road
Deb Crosby
32 Main Road
Cameron Bailey
5TH MAY 24 Cashmere View Street
Sandra O’Brien
11 Cleveland Street
Cameron Bailey
26B Highland Place
Deb Harvey
11 Talbot Road
Mary Turnbull
54D Brodie Street
Julie Proctor
334A Clyde Road
Nathan Tamihana
29 Henley Green
Deb Harvey
36 Surfers Place
Sarah Gwyther
403 Avonhead Road
Cameron Bailey
17 Glenrowan Avenue
Peter Griffioen
19TH MAY 61 Grange Street
Lewis Donaldson
55 Queenspark Drive
Debbie Soper
FOR A COMPLETE LIST OF OUR
4 Primrose Hill Lane
Mark O’Loughlin
UPCOMING AUCTIONS GO TO:
7 Pewter Place
Debbie Soper
15 Morgans Valley Road
Cameron Bailey
26 Holbrook Way
Cameron Bailey
11 Jacobs Street
Cameron Bailey
15 Gothic Place
Sandra O’Brien
18 Takahe Drive
Sandra O’Brien
2/57 Withells Road
Cameron Bailey
http://www.homes4sale.co.nz /auction/upcoming-auctions
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AUCTION BID RECORD 21ST APRIL 2016
ADDRESS
ADDRESS
PAPANUI BRANCH & ADMINISTRATION
NEW BRIGHTON BRANCH
471 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch PH: (03) 352 6166 FAX: (03) 352 1322 E: enquiries.papanui@harcourtsgold.co.nz
New Brighton Mall PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 382 0043 FAX: (03) 388 0116 E: enquiries.newbrighton@harcourtsgold.co.nz
Harcourts gold, International & Migrant Division, 473 Papanui Road, Papanui PO Box 5400, Christchurch 8542 | PH: (+64) 3 662 9811 | FAX: (03) 352 1322 | E: 888@harcourtsgold.co.nz
GOLD PROPERTY MANAGEMENT LTD 501 Papanui Road, Papanui PO Box 5400, Christchurch 8542 PH: (03) 352 6454 FAX: (03) 352 6456 E: gpm@harcourtsgold.co.nz
REDWOOD BRANCH 280 Main North Road, Redwood PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch PH: (03) 352 0352 FAX: (03) 352 8400 E: enquiries.redwood@harcourtsgold.co.nz
GOLD REAL ESTATE GROUP LTD LICENSED AGENT REAA 2008 A MEMBER OF THE HARCOURTS GROUP
VIEW OUR LIVE ONLINE AUCTIONS AT...
www.homes4sale.co.nz
PARKLANDS BRANCH Parklands Mall, Queenspark Drive PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 383 0406 FAX: (03) 383 0525 E: enquiries.parklands@harcourtsgold.co.nz THE INFORMATION CONTAINED HEREIN IS GATHERED FROM SOURCES WE BELIEVE TO BE RELIABLE. HOWEVER WE CANNOT GUARANTEE IT’S ACCURACY AND INTERESTED PARTIES SHOULD RELY ON THEIR OWN ENQUIRIES
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