ISSUE 11 28TH 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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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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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
Market Comment
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Auction Bid Sheet
Tips For New Builds
Conduct of Auction
Upcoming Auctions
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ORDER OF SALE
MEET TODAY’S AUCTIONEERS
APRIL 28TH, 2016 From 10:00am 01
155 Major Hornbrook Road, Mt Pleasant
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14 Eglinton Street, Avondale
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140 Baker Street, New Brighton
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10 Newnham Terrace, Upper Riccarton
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471 Greers Road, Bishopdale
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2 Sumner Street, Spreydon
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24 Woodlau Rise, Huntsbury
BRYAN THOMSON FREINZ AUCTIONEER
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
BEN DEANS AUCTIONEER
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155 Major Hornbrook Road, Mt Pleasant As Is - SEA Beyond the Obvious • Exhibiting only 15mm differential settlement, 155 Major Hornbrook Road provides one of those rare ‘as is, where is’ repair opportunities for the astute buyer. • Whether you’re a tradie, investor or simply seeking an affordable renovation option in one of Christchurch’s premier suburbs, we urge your prompt enquiry - clear instructions to sell have been issued. • The semi-self-contained studio with its own kitchen, bathroom and laundry facilities provides you with further options - whether it be for extended family arrangements, homestays or Airbnb. • The upper level provides a further two bedrooms and expansive living space with commanding views out to the Pegasus Bay shoreline and Kaikoura Ranges. • You may wish to renovate and/or extend with the owners’ architect-designed floor plan while living onsite. If your intentions are to ultimately build, the 1070sqm level site provides you with an ideal platform for your dream home.
PETER GRIFFIOEN PARKLANDS
FOR YOUR REFERENCE. SALE PRICE
WITH OUR COMPLIMENTS
$...........................................
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14 Eglinton Street, Avondale Land Going, Going, Cheap? • You would have to be absolutely crazy not to take advantage of this opportunity! • 615sqm section on the auction block must be sold as our owner has detached all emotions and moved on. • TC3 site, full geotechnical report available, cleared and ready for its next stage of use. • Existing rights still possible, all services to site, some new builds already in the street. • Suit building companies, home builders or buyers looking for a cheap section, maybe relocating a home possible? Options are endless. • Be the lucky buyer on the fall of the hammer.
DEBBIE GORDON NEW BRIGHTON
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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140 Baker Street, New Brighton As is, where is - A Little TLC Will Go a Long Way. • This four bedroom home offers an affordable opportunity to escape the cycle of renting and set your family up for a bright future. Being sold as is, where is, the home is currently liveable, but a little bit of TLC and some quality DIY handiwork could turn this home into a real gem. • A neatly maintained weatherboard exterior uses fresh, neutral tones to present a tidy image on the outside. The spacious 688m² section is dotted with mature trees and plants, giving the kids a great outdoor area to play in, while the adults enjoy the private barbecue area out the back. • An open plan, living, dining, and kitchen area is the heart of the home. With great flow through to the deck and outdoor areas beyond, this is a sunny and spacious area for everything from entertaining to daily family life. The spacious kitchen has loads of bench and storage space, and is well lit by natural light. • There’s enough room here for the whole clan, and the bathroom has a full-sized bath with a shower above. A separate laundry and good-sized garaging add convenience and there’s plenty of off street parking. .
BEV JOHNSON NEW BRIGHTON
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
10 Newnham Terrace, Upper Riccarton Worst House - Best Street! • The retired owner has had enough and has decided to sell this 4 bedroom rented property on a subdivideable 809m2 section. • Great location just minutes from Bush Inn centre, excellent schools and close to the University. • Calling all investors, bargain hunters and renovators.
MARK O’LOUGHLIN REDWOOD
FRIENDS AND FAMILY UNABLE TO ATTEND? To view our auctions live online just go to...
www.homes4sale.co.nz Click on the Online Auction button and follow the instructions.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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471 Greers Road, Bishopdale What A Honey - Value For Money! • Purchasers looking to establish themselves in a family-friendly pocket of the city will be instantly drawn to our subject property; a robustly constructed home perched upon a freehold 607m2 section. • Built from Summerhill stone in the 1970s, this sun-soaked home boasts three double bedrooms (all with built-in wardrobes) and a large bathroom, complete with bath and separate shower. The open-plan kitchen/dining area features beautiful timber floors; the spacious lounge offers plenty of versatility, and a separate laundry enhances functionality. • A good-sized deck and an equally generous backyard ensure families of all shapes and sizes will be content here, with the proximity to a host of schools including Bishopdale Primary and Papanui High, Bishopdale & Northlands Malls and handy amenities catering to your every need. • While the home is warm and inviting as-is with a new log burner and heat pump, there’s still scope to add your own sense of personality and style, and astute purchasers will recognise this as an opportunity to increase the value of their investment.
MARY TURNBULL PAPANUI
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
2 Sumner Street, Spreydon A Honey for the Money • With our owners now residing full time on the West Coast there is no turning back - a sold sticker is sought. • Sitting on a corner site, she offers a quaintness and charm about her with heatpump for your year round comfort. Enhance the original style and you will add value, while claiming this cutie as your own. • Of added benefit is the property’s location in walking distance to Barrington Mall for all your conveniences although the planted out vegie patch may limit your trips! • With low interest rates, there has never been a better time to get on to the property ladder. A building report is available to assist you with your due diligence. • Right time, you add the right price and you’re in the right place. We encourage you not to undermine our owner’s motivation as she has to go!
SANDRA O’BRIEN PAPANUI
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
24 Woodlau Rise, Huntsbury As Is, Where Is - Lofty Heights Lowly Expectations • Entry level opportunity to rise to the occasion and return this earthquake-damaged property to a habitable condition, while benefiting from the evident upside on offer. • Enviably situated on the desired slopes of Huntsbury hill and boasting vistas of the city’s ever-evolving skyline, you can be assured this location and position will underpin the value of your investment over years to come. • 241sqm (approx.) across two levels. • Floor level variation: 20mm ground floor, 72mm upper floor. • Cladding: Solid plaster over ply. • Water ingress found in bathroom outside wall cavity. • Some movement to front retaining wall. • RV: $610,000 - LV: $110,000 - VI: $500,000 (1 November 2013).
PETER GRIFFIOEN PARKLANDS
• Now’s time to don your hard hats and steel-cap boots and head down to Woodlau Rise to see what you can make of it. Potentially too hard for some but opportunity for others!
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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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 19TH MAY
5TH MAY 24 Cashmere View Street
Sandra O’Brien
61 Grange Street
Lewis Donaldson
26B Highland Place
Deb Harvey
55 Queenspark Drive
Debbie Soper
25 Birchs Road
Ben McNab
4 Primrose Hill Lane
Mark O’Loughlin
29 Henley Green
Deb Harvey
7 Pewter Place
Debbie Soper
403 Avonhead Road
Cameron Bailey
15 Morgans Valley Road
Cameron Bailey
26 Holbrook Way
Cameron Bailey
11 Jacobs Street
Cameron Bailey
12TH MAY 15 Maurice Stanton Place
Julie Proctor
15 Gothic Place
Sandra O’Brien
82 Rothesay Road
Sandra O’Brien
18 Takahe Drive
Sandra O’Brien
53 Rugby Street
Deb Crosby
2/57 Withells Road
Cameron Bailey
15 Mahlet Street
Cameron Bailey
607 Johns Road
Debbie Soper
121A Puriri Street
Sandra O’Brien
1/172 Bowhill Road
Andrew Swift
6B Highgate Avenue
Deb Harvey
3-13 Garreg Road
Lauren & Bill Clemett
45 Waimea Terrace
Clare Beer
5 Cargill Place
Andrew Swift
38 Hewitts Road
Deb Crosby
104 Edward Avenue
Lauren & Bill Clemett
32 Main Road
Cameron Bailey
11 Cleveland Street
Cameron Bailey
11 Talbot Road
Mary Turnbull
FOR A COMPLETE LIST OF OUR
334A Clyde Road
Nathan Tamihana
UPCOMING AUCTIONS GO TO:
36 Surfers Place
Sarah Gwyther
17 Glenrowan Avenue
Peter Griffioen
http://www.homes4sale.co.nz /auction/upcoming-auctions
54D Brodie Street
Julie Proctor
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AUCTION BID RECORD 28TH 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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