ISSUE 20 21ST JULY 2016
reside OUR EXCLUSIVE PROPERTY MAGAZINE
JULY S
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9 10 11 12 13 14 15 16 17 18 19 20 21 22 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
Meet our Top performers
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CONTENTS
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Welcome to the JULY edition of Reside magazine The property market is booming this July so if you’re looking to buy or sell, steady price growth and low interest rates make Winter 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
Conduct of Auction
Auction Results
Market Comment
Gold Chat
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ORDER OF SALE
MEET TODAY’S AUCTIONEER
JULY 21ST, 2016 Sold Prior •
21 Elmwood Drive Prebbleton
•
80 Proctor Street, Papanui
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27 Vogel Street, Richmond
From 10:00am 01
239A Wainoni Road, Wainoni
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95 Carisbrooke Street, Aranui
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50 Main North Road, Papanui
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2 Leander Street, Papanui
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
BRYAN THOMSON FREINZ AUCTIONEER
21 Elmwood Drive, Prebbleton SOLD PRIOR • Seamlessly blending elegant styling with a host of contemporary creature comforts, this stunning executive residence (330m2 approx) really does offer the best of both worlds. • Situated on a 799m2 section in the heart of the township of Prebbleton, this sprawling home plays host to five double bedrooms plus a study, including a master bedroom with walk-in-robes and an ensuite bathroom. • Both the contemporary modern kitchen (which includes quality appliances, granite benchtops and a built-in coffee machine!) and the main bathroom (complete with spa bath) are lavishly appointed. A variety of formal and informal living areas including an open plan kitchen/dining area, separate formal lounge and an upstairs mezzanine area provides plenty of flexibility.
MARY TURNBULL PAPANUI
• Other highlights include a movable outdoor cottage/studio, two attic storage spaces and a stunning curved staircase, not to mention a host of intelligent heating solutions including 2 x heatpumps. a gas fire and double glazing.
80 Proctor Street, Papanui SOLD PRIOR • This stunning home is the perfect remedy for the hustle and bustle of today’s modern life... your secret escape! Tucked away on its own private rear section, conveniently located within a short stroll to Northlands Shopping mall, this home will instantly command your attention. • An entertainers’ delight with high end finishes, immaculate attention to detail and stylish entertaining areas, both inside and out, create an area for your enjoyment. • Central to this home is the spacious and sun drenched open plan kitchen/ family zone, opening to al fresco entertaining spaces.
KAYE CADDICK PAPANUI
• The outdoor area is complete with water feature, which is particularly restful at the end of a busy day. T • he kitchen is a sleek design with engineered stone surfaces, generous work spaces and glass accents. The living spaces interconnect well and the separate lounge comes complete with cosy gas fire, complete with built in bookcase for storage for CD’s and DVD’s.
27 Vogel Street, Richmond SOLD PRIOR • Seize the day. When the current owners first purchased this home, they were in love with its potential, the underlying value the 502Sqm of L3 land and the proximity to the Christchurch CBD. Unfortunately their dreams were shattered as a result of the Canterbury earthquakes and now with having cash settled with their insurer the time has reluctantly come to part ways with this home and make a fresh start. • So who will be the lucky one to take over this property and re-develop it? • The Facts: • Situated on 502sqm of TC3 land • Zoned L3
LEEANN MARRIOTT PAPANUI
• 3 bedroom 1900’s built cottage, with single garage • Weatherboard exterior • Deemed a rebuild • LIM, Title and all EQC, & engineers reports are available upon request
Chilli Hot Chocolate INGREDIENTS 750ML SKIMMED MILK 2 RED CHILLIES, HALVED AND DESEEDED 1 CINNAMON STICK 100G DARK CHOCOLATE, GRATED 25G DEMERARA SUGAR Place the milk in a saucepan with the cinnamon stick and chillies. Carefully bring to a very gentle simmer for one minute. Take off the heat and leave to one side for five minutes so the flavours infuse. Reheat, then remove the cinnamon, keeping the chillies. Add the chocolate and stir in until it melts, add the sugar and mix. If you want to go for total luxury and a real one-off treat then top with a spoon of whipped cream, a dusting of chocolate and decorate with a half chilli.
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239A Wainoni Road, Wainoni
FROM 10:00am
As Is, Where Is - Convincingly Cheap! • A job transfer to the Middle East is on the horizon for our seller, thus our subject property is surplus to requirements. Here’s a tantalising opportunity to secure a tidy 1940s bungalow at a price well below entry level. To be sold on an uninsured, ‘as is, where is’ basis. • In largely original condition (patterned carpet, ceiling roses and the floral benchtop are just a few of the period features), 239A Wainoni Road provides a great starting point for your renovation or capital enhancement plans. • Post-quake regeneration is well underway in Wainoni, with much of its horizontal infrastructure restored and improved. The property is within walking distance to local shops, sporting venues and the new Haeata Community Campus, due to open at the start of 2017.
PETER GRIFFIOEN PARKLANDS
& CALEB GRIFFIOEN
• With our owner’s relocation plans well and truly in motion, a sale under the hammer is all but inevitable. This is one very affordable opportunity for astute purchasers!
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
95 Carisbrooke Street, Aranui Long Held Investment - “As Is Where Is” • Attention all investors, opportunists and those seeking an ‘as is where is’ property in an area that is currently under development on TC3 land. • Original 1960’s Summerhill stone, 3 bedroom family home on 769sqm with opportunity to develop the land or let the long term tenant remain. The house has been deemed a rebuild by the insurance company and while it has been an excellent investment for 15 years, the current owner has new plans and is motivated to sell. • LIM, title, scope of works, habitability report and engineers reports all available upon request. • Currently renting for $235 per week. • Realistic expectations of its residential value by the current owner makes this an opportunity not to be missed.
LEEANN MARRIOTT PAPANUI
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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50 Main North Road, Papanui Consented Medical Rooms Opposite Northlands Mall • Outstanding location for the astute buyer and investor wanting to secure a medical property on the high profile Main North Road adjacent the Northlands Mall in Papanui. • This building has been extensively refurbished including new roof, refurbished foundations, wiring, plumbing, carpet and external repaint. Wheel chair access is in place. • Previously a doctors surgery plus medical services then a personnel recruitment tenant leased at $42,000 per annum. There is a formal reception area, client waiting area, staff room, 5 offices, dual access bathroom with shower. Options are for multiple usage medical, educational and spiritual practitioners or other services with appropriate consents. • This corner profile site is superb for your business with over 40,000 vehicle movements daily and recent Northlands Mall extensions will add value to your investment.
MARK O’LOUGHLIN REDWOOD
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
2 Leander Street, Papanui Sunny Townhouse - Mall location! • Affordable freehold stand-alone townhouse, a perfect no fuss home for secure comfortable living. • The light and bright open plan kitchen and dining with doors to the separate lounge offer indoor-outdoor flow to the garden perfect for entertaining and BBQs. • Three double bedrooms, the master with en-suite, walk-in-robe and doors to terrace, family bathroom, Heat-pump and DVS, separate laundry and double internal access garage, what more could you want. • Much admired, you will love the north facing street-front location opposite Northlands Mall in a quiet side street just a few steps to bus and cafes with every amenity close by.
LAUREN & BILL CLEMETT PAPANUI
• Add your own touch and make your mark, spacious modern properties like this are very hard to find.
FOR YOUR REFERENCE. SALE PRICE
WISHING EVERYONES MOTHERS
UR TS G CO
WORK WITH THE
BEST!
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We’ve got buyers looking for homes in your area! Contact us today about the benefits of working with a company and consultants that are committed to excellence in everything!
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TOP 10
CONSULTANTS
LD O
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UR TS CO
WORK WITH THE
BEST!
HARCOURTS GOLD
JUNE 2016 TOP
CONSULTANT IN JUNE
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MARY TURNBULL
CAMERON BAILEY
PAPANUI
PAPANUI
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LAUREN CLEMETT
PETER GRIFFIOEN
PAPANUI
PARKLANDS
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 MARK O’LOUGHLIN REDWOOD
08 DEB CROSBY PAPANUI
04 FOSS SHANAHAN PAPANUI
05 SANDRA O’BRIEN PAPANUI
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DEBBIE SOPER
CLARE BEER
PAPANUI
PAPANUI
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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
SOLD PRE AUCTION 6 PROPERTIES
11%
SOLD BY AUCTION
33 PROPERTIES
60%
16 PROPERTIES CONSISTING OF 6 AVAILABLE
NOT SOLD ON OR BEFORE AUCTION DAY
16 PROPERTIES
29%
71% SOLD
4 SOLD BETWEEN 0-10 DAYS
1 SOLD BETWEEN 10-20 DAYS
5 CURRENTLY UNDER OFFER
TOTAL SOLD PRE AUCTION TOTAL SOLD BY AUCTION TOTAL NOT SOLD ON OR BEFORE AUCTION DAY
AUCTION STATISTICS BASED ON...
55 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
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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
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Highly trained and exceptionally skilled gold consultants.
JUNE 2016
293
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The provision of an attractive, customised and non-threatening environment with online hosting so our auctions could be viewed from anywhere in the world.
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Market Comment
GOLD COMMENT
June market comment
NEWSFLASH! NEWSFLASH! NEWSFLASH!
JIM DAVIS BUSINESS DEVELOPMENT MANAGER HARCOURTS GOLD
Just in case you haven’t heard yet, the Christchurch market continues to set new month on month record sale prices. Harcourts May sales results show that the average sale price achieved has topped $553,156 for the first time. This data is also reinforced by the latest release of the REINZ statistics, showing that the median sale price for all Christchurch residential sales during May is recorded as $455,000 another reported record figure. This would likely be of little surprise to anyone following the market here in Christchurch, or in fact the Real Estate market over the country. Market commentary in every part of the media is currently telling us that property values continue to increase right across the country and in almost every population centre. The main reason cited for this increase is a chronic lack of stock, with reports indicating that in some centres, stock levels are down over 30% in comparison to the same time last year. Our Christchurch sales figures have continued the strong showing we have been used to seeing over the last months. May REINZ statistics show some 717 Dwellings and sections sold in the Christchurch area over the month. To give you a basis for comparison and put this in perspective, this represents a 10% increase on sales in May last year. These 717 sales make this month the third best May in the last 10 years. The worst month of May sales was in 2011 with 358 sales immediately following our devastating earthquakes, so this volume is understandable.
The largest May volume was in 2006 with 1132 recorded sales during the height of the last market boom. When you look at these figures from a high of 1132 to a low of 358, current sales levels at around 700 odd places our market comfortably in the middle ground. The more concerning statistic we are seeing however, is the less than three months of stock supply available, and we would assume this current trend will continue for the near future. It is this shortage of stock both here and around the country that is fuelling the price pressure that we continue to see played out in the media, and in the marketplace. The big question on everyone’s’ lips is how long these market conditions will last. Quite frankly we don’t know, but my best guess is that the market conditions will not be changing much over the foreseeable future. I predict stock will still be in short supply for the next few months especially in Christchurch, the pressure on prices I expect to remain too. I am also not expecting property values to drop in the near future. Ordinarily winter is seen as a quieter time in the real estate market, but this year that is definitely not the case. If you are thinking “I will wait for spring to place my home on the market,” you might like to rethink that. With the current stock shortage very good sales prices are being achieved right now, owning to the unusual conditions we are currently experiencing. Don’t however, be lulled into the cheap
commission to get a sale trap. There is one tried and proven sales method that achieves the best possible price, time and time again. Auction…but auctions conducted by HARCOURTS GOLD. the acknowledged experts in the business. Talk to any of our Harcourts Gold consultants let them take you through our auction process. Let them tell you the differences we bring to the process that achieves for you the price advantage that we know a Harcourts Auction achieves. In the other areas of the property market… Rental activity in Christchurch remains at a steady pace throughout the city, with plenty of rental stock available according to the rental websites. Levels seemed to have topped out at the moment at around 1800 available properties being advertised, mind you this is considered a quiet time in the rental market as people traditionally hunker down for the colder months. If you are interested or involved in the rental market as a landlord I am sure you aware of the new legislation around having to have operating fire alarms in your properties by the 1st July, also the requirements around insulation in property that is tenanted that will come into play in the next year. Regardless as to whether you are in the rental investment market or just looking to buy and sell, if you want or desire an outstanding result where you know you have achieved the best possible outcome along with the best possible price, talk to a Harcourts Gold consultant today.
HEART
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I’m often party to conversations that reaffirm the power of emotion when purchasing property and every day I’m reminded of the enormous significance emotion plays in the sales process.
LYNETTE MCFADDEN BUSINESS OWNER HARCOURTS GOLD
GOLD CHAT
In fact, real estate marketing, sales and activity places constant emphasis on igniting an emotional response in purchasers. Warmth, smell, colour, presentation, street appeal and texture are all emotional elements that a sales consultant should consider when going to the market with any listing. We’re taught our words and photos (and now video too) should ‘sell the sizzle, not the sausage’, and I’m always a fan of highlighting benefits for consumers rather than blandly listing a set of facts or statistics. Sure, that property may have four bedrooms and two bathrooms, but nowadays most properties do, so encouraging a hot-button response takes more than a brief set of
HEAD bullet points. I guess the flipside to this is rhetoric that’s so contrived or lofty it bears little relevance to the subject property and the reader of the advertisement is so bored they switch off. I’ve also found an emotional purchase doesn’t have to make sense to anyone but the purchaser – and sometimes it really doesn’t seem to make sense to anyone else! I’ve seen families buy properties that would have provided some real accommodation challenges. One purchase was triggered by one of the parties falling in love with the garden and envisaging family weddings taking place (albeit in 20 plus years) and nothing could shift her from that purchase. Logic had no place in this deeply emotional buy, much as it had no
place in the purchase of a property by two frail and ageing clients who decided on a home with multiple flights of narrow stairs, but a view you could only dream of. On the face of it, it didn’t make sense, but who am I or any of us to judge? So it’s fair to say emotion will always play a part in the world of real estate, but the other big player is its nemesis, logic. Investors are very rarely emotional. They require a strong analytic framework to determine whether a property stacks up, if returns are viable and if a profit can be made. Emotional purchasers who look for an investment property hoping for a great future gain can often be disappointed when the amount of money they put into fixing it up or
on chattels to furnish it eats up any future profit. It doesn’t make sense to buy the most expensive and beautiful curtains only to find a new purchaser cares little for your taste or your ‘need’ to get back every cent you spent on them. It seems like common sense, but emotion and logic can collide like that. Great realtors are often great communicators that can assist a logical analytical purchaser brilliantly but also guide an emotional buyer in their choices. I’m always deeply emotional about buying a family home and tough on potential investment purchases. I guess you could say there’s room for a foot in both camps and a world of choice. Make good ones! In the meantime, keep warm and enjoy your home.
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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 28TH JULY
4TH AUGUST
50 Roosevelt Avenue
Mary Turnbull
126 Watford Street
Sandra O’Brien
5 Tatahi Street
Sandra O’Brien
11 Kohi Drive
Judith Bodger
55 Memorial Avenue
Sandra O’Brien
18 Millstream Drive
Leeann Marriott
31A Garden Road
Cameron Bailey
16 Cottonwood Street
Peter Griffioen
1-6, 151A Yaldhurst Road
Deb Crosby
1434 Coaltrack Road
Sandra O’Brien
499A Pages Road
Lewis Donaldson
7 The Belfry
Peter Griffioen
162B Ilam Road
Cameron Bailey
10 Janal Place
Julie Proctor
34B Bennett Street
Mary Turnbull
42 Raleigh Street
Estelle Yang
1/35 Collingwood Street
Debbie Gordon
16 Munro Street
Debbie Soper
64A Ottawa Road
James & Katherine
35 Hewitts Road
Cameron Bailey
Shepherd
& Johanna Bainbridge
21 Pewter Place
Deb Harvey
33 Reginald Street
Cameron Bailey
48 Hooker Avenue
Pedro Park
60 Perry Street
Tracy Frew
& Mark O’Loughlin 15 Dee Street
Sharon Smith
40 Tui Street
Cameron Bailey
12A Southey Street
Cameron Bailey
1/32C Alymer Street
Chris Mangels
FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:
http://www.homes4sale.co.nz /auction/upcoming-auctions
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AUCTION BID RECORD 21ST JULY 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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