ISSUE 21 28TH 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
01
ORDER OF SALE
MEET TODAY’S AUCTIONEERS
JULY 28TH, 2016 Sold Prior •
7 The Belfry, Waimairi Beach
•
16 Munro Street, Redwood
•
10 Janal Place, Northwood
From 10:00am 01
31A Garden Road, Fendalton
02
34B Bennett Street, Papanui
03
5 Tatahi Street, Tumara Park
04
1/35 Collingwood Street, New Brighton
05
21 Pewter Place, Northwood
06
64A Ottawa Road, Wainoni
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50 Roosevelt Avenue, St Albans
08
499A Pages Road, Bexley
09
55 Memorial Avenue, Fendalton
10
48 Hooker Avenue, Bryndwr
11
162B Ilam Road, Ilam
12
1-6, 151A Yaldhurst Road,
BEN DEANS AUCTIONEER
Upper Riccarton
From 12:00pm 01
12A Southey Street, Sydenham
02
1/32C Aylmer Street, Somerfield
03
40 Tui Street, Fendalton
04
15 Dee Street, St Albans
From 4:00pm 01
33 Brookfield Drive, Northwood
BRYAN THOMSON FREINZ AUCTIONEER
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
7 The Belfry, Waimairi Beach SOLD PRIOR • Exhibiting a mere 42mm of floor level settlement, one can be forgiven for questioning the “as is” labelling of this quality home. However, having achieved a resolution with their insurers, our clients have firm plans in place to build, leaving behind their dream home for lucky new owners. • Marc Coulthard’s inspired design combined with the careful crafting of Metzger Builders resulted in a Master Builders House of the Year Gold Award 2010. Tailored to ensure saturation from the sun and year round warmth - you’ll barely need to use the home’s extensive heating systems.
PETER GRIFFIOEN PARKLANDS
• Benefitting from bespoke specification, the quality and attention to detail is evident throughout. All bedrooms are doubles and both interconnected living spaces are generously proportioned, offering ample space for entertaining family and guests with ease. • Set on a prime 600m² site zoned TC2 enjoying views of the golf course and beyond to the Alps, the property is enveloped in an established cul-de-sac renowned for its homes of distinction. Offering a variety of sheltered outdoor entertaining areas, your al fresco options are aplenty.
16 Munro Street, Redwood SOLD PRIOR • More home to spread out and grow into on the inside and more backyard for Cricket! The clincher to make Dad happy is ‘more’ garaging (9x6.5) with a single door at the back to take the boat or trailer through for extra parking. • From the street you can tell this is a home that commands attention! Yes it’s impressive, and yes the home delivers on the inside as you’d hope and expect. • Built in the 1950’s and extended in the 1970’s the result is a successful culmination of a well-balanced and flowing 4 bedroom, 2 bathroom and 2 living area home.
DEBBIE SOPER PAPANUI
• Oozing family values of backyard cricket, endless summer barbeques and outdoor entertaining on the generously sized deck, you’ll be living in your happy place, the home you’ve long dreamt of owning to bring up your children. • This home will have broad appeal to families large or growing who want ‘MORE’.
10 Janal Place, Northwood SOLD PRIOR • If it’s a sizable, modern, double glazed family home you’re looking for, you won’t want to go past this one. • Offering over 300m2 of floor area, with a versatile layout, this welcoming home is a must sell! Our current owners have moved on and are determined to see a sold sign up on auction day. • Immediately upon entering the home, your heart will be captured by the large spaces throughout the home, from living areas to bedrooms. The open plan family living flows beautifully to a north facing, easy care outdoor area, and the large, light filled kitchen has an abundance of storage and bench space.
JULIE PROCTOR PAPANUI
• Upstairs, there is a fabulous open space with a landing gallery area, well suited for teenagers to hang out with their friends and their technology essentials!
FOR YOUR REFERENCE. SALE PRICE
$...........................................
01
31A Garden Road, Fendalton
FROM 10:00am
When Location Counts • Situated in Christchurch’s residential dress circle, this spacious townhouse architecturally designed by Chris Prebble offers all the convenience of a top location along with potential to add further value. • At the heart of the home, the open-plan kitchen, dining and living is light-filled and private, opening to a leafy courtyard garden. The kitchen is a bright and practical workspace that connects through to a large separate laundry A second, adjoining lounge also opens to the garden and all living spaces perfectly positioned for all day sun. • Four double bedrooms will comfortably accommodate a large family - the upstairs master is a tranquil retreat with balcony and en suite bathroom. There is an additional double bedroom downstairs with separate bathroom including bath. • Tasteful neutral décor throughout creates a serene ambience, while touches of timber add warmth.
CAMERON BAILEY PAPANUI
• Set back from the road, peace and privacy is assured by the established northfacing garden enveloping the home.
FOR YOUR REFERENCE. SALE PRICE
02
$...........................................
34B Bennett Street, Papanui ‘Beautiful Bennett!’ • In the heart of one of the city’s most sought-after spots sits our feature property, an immaculately presented rear unit/townhouse that has been renovated throughout to an extremely high standard. • Robustly constructed from Summerhill stone, this sun-drenched home boasts two double bedrooms (both with built-in wardrobes), a modern bathroom (with bath and separate shower) and a superbly-appointed kitchen complete with granite surfaces and a 90cm freestanding oven. • The open plan dining/ living areas are bathed in natural light, with bold splashes of colour adding plenty of personality. The private sun-drenched outdoor area is sure to be the place to relax in on those balmy summer nights... • Other highlights include the single garage, the lovely neighbours, and the zoning for sought-after schools including Papanui High, Heaton Intermediate and Paparoa Street Primary. Also located within a short drive to Northlands Mall and the Merivale Precinct.
MARY TURNBULL PAPANUI
FOR YOUR REFERENCE. SALE PRICE
03
$...........................................
5 Tatahi Street, Tumara Park Moving back to the Hill • Although they have enjoyed a lengthy tenure, our owners are yearning to return to hill life. • When asked what they have enjoyed most about their current home, their response was immediate - “warmth, sunshine, generous living spaces, the ‘mancave’ and outdoor area” to name a few. A home with many extras, it is hard to believe why they would leave. • Family living will be easy here with open plan kitchen/dining/living flowing easily to the northfacing outdoor patio and when entertaining the separate lounge will accommodate those extra visitors. All bedrooms are generous doubles with wardrobes, with the master of course enjoying a walk in robe and ensuite. The family bathroom offers a separate shower and that much sought after bath with a roomy separate laundry adding further appeal.
SANDRA O’BRIEN PAPANUI
• The separate workshop/mancave at the rear of the garage has been a thoughtful addition and allows for some private space for hobbies etc.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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1/35 Collingwood Street, New Brighton “ As is where is” Really rough and damaged, really for sale! • 2-bedroom unit one of two and street facing on a corner site. • Selling on an as is where is basis. • Deemed a rebuild, current owners overseas and have accepted the payout. • This property is no longer required and currently tenanted on a periodic basis. • For definite sale!
DEBBIE GORDON NEW BRIGHTON
FOR YOUR REFERENCE. SALE PRICE
05
$...........................................
21 Pewter Place, Northwood Popular Location, Exceptional Home • When our current owners created our feature property a little over a decade ago, the instructions were clear - quality is non-negotiable, when in doubt, over-specify! • The result is a 240m2 home designed and built to stand the test of time. Accommodation is provided by four double bedrooms, including a master which enjoys direct access out to a sun-soaked deck. Two bathrooms, two toilets and a study all add to the functionality of this well-considered home, while a well-appointed kitchen and a variety of generouslyproportioned living areas ensure the ability to cater to any and every occasion. • The same standards on display inside are also evident outside, with landscape architect Chris Goom having designed the 704m2 grounds. Sheltered Kwila decks and paved entertaining areas are framed by manicured lawns and established gardens, while raised veggie gardens ensure those with green thumbs will never be bored!
DEB HARVEY PAPANUI
FOR YOUR REFERENCE. SALE PRICE
06
$...........................................
64A Ottawa Road, Wainoni Mortgagee Auction • The required sale of this home in its current as is where is condition presents an opportunity for those looking for a renovation project. • As Is Where Is 3 bedroom home situated on the rear of a cross lease title with ½ interest in 1,009m². • Open plan kitchen/dining/living with detached garage suitable currently for one car plus storage has potential to convert to a two car garage. • Close proximity to shops, transport & schools
JAMES & KATHERINE SHEPHERD PARKLANDS
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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50 Roosevelt Avenue, St Albans Position Perfection! • Located on the highly desirable Roosevelt Ave and overlooking the picturesque Malvern Park, our feature listing is offered to the market by a motivated owner wanting to embark on the next exciting chapter of his life! • Built in the 1940s, this generous family home is packed full of character, with everything from an ornate fireplace to stunning timber floors and paneling contributing to its timeless appeal. • Accommodation is provided by four bedrooms and is complemented by two bathrooms, while a study is an added bonus. The kitchen is both large and well-appointed, with two separate large living spaces and sunroom ensuring the ability to cater to any and every occasion. • Winter warmth is ensured with 3 heatpumps, a gas fire and double glazing upstairs. • Outside, established gardens frame the 615m2 section, while the adjacent park ensures both the kids and the pets will never be short of space!
MARY TURNBULL PAPANUI
FOR YOUR REFERENCE. SALE PRICE
08
$...........................................
499A Pages Road, Bexley “As is Where is” great buying! • This is low maintenance 2 bedroom townhouse/unit that will provide excellent value for money . • Built in the 1990’s of permanent material with a heat pump and internal access from the single car garage, this is a very tidy home. • My seller is serious about selling and the suggested reserve price is extremely appealing. If you are looking for an easy care home or investment property this property must be considered. • Conveniently located within a kilometre so of the local shops, Wainoni Primary, Aranui High and the soon to be established super school. • Enjoy the sun and surf with New Brighton beach a mere five-minute drive away.
LEWIS DONALDSON PAPANUI
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
55 Memorial Avenue, Fendalton Bring Your Overalls! • Our overseas owners no longer wish to maintain the upkeep of this family home. • In such a great location but in need of love & care, this property is not for the fainthearted but for those who are looking for an opportunity - ideal for builders, renovators or buyers seeking entry level buying in a fabulous area. • Majority constructed of solid plaster over original brick veneer with aluminium joinery and partial double glazing, she offers two living areas along with four bedrooms and two bathrooms. • Situated in walking distance to Fendalton Mall and included in Burnside High, Fendalton & Cobham school zones along with Christchurch Boys High - all of which add an underlying value to your future investment.
SANDRA O’BRIEN PAPANUI
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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48 Hooker Avenue, Bryndwr Big Multi-Unit Section. Quick Sale demands your attention. • Just listed. First time for sale in 26 years. Our retiring owner wants this home sold so he can enjoy his new leisure time. • The is a great site of 1065sqm, Living 1, TC2 land and zoned for Burnside High Schools and Cobham Intermediate and handy to Jellie Park, Christchurch Airport, Westfield Mall, Canterbury University and public transport. • The 4 bedroom home sits at the front of the section, it is tidy yet provides added value and upgrading options. • Do you redevelop, subdivide or keep as a rental and enjoy the benefits of a good cash flow for future options? • Our instructions are clear - after 26 years, it is time to relinquish this property.
MARK O’LOUGHLIN REDWOOD
& PEDRO PARK FOR YOUR REFERENCE. SALE PRICE
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$...........................................
162B Ilam Road, Ilam 20+ Year Tenure Usually Defines Quality • Well positioned up a long driveway, this absolutely classic single level white Summerhill stone property holds more than a few surprises. • Expansive north-facing living spaces feature cathedral ceilings and floor-toceiling windows that ensure this area is light-filled and enjoys uninterrupted views of the glorious grounds. • The contemporary kitchen opens to great outdoor entertaining areas. • Three double bedrooms are all on the north side, enjoying both garden views and sun, with the main bedroom enjoying a walk in wardrobe and ensuite. • These north-facing rooms overlook a classic English garden that features roses, lavender, rhododendrons and a mass of perennials with an idyllic stream making its way through the centre. • With all the advantages of its 1970’s origins, including a solid build and large spaces, there is still scope to add your own personal touches.
CAMERON BAILEY PAPANUI
FOR YOUR REFERENCE. SALE PRICE
12
$...........................................
1-6, 151A Yaldhurst Road, Upper Riccarton An Oldie But A Goodie!!! • Purpose built, this fully tenanted block of 6 single level, two bedroom units offers a wonderful opportunity for anyone considering expanding their property portfolio... • They have been a very successful investment for my owners and occupancy has always been excellent (eg one tenant for 16 years!) • Sitting on a rear 1502m2, TC1 section • Rental income ranges from $290-$320/unit • Due to a business opportunity this excellent investment is reluctantly being relinquished by the current owners • Located close to amenities at Church Corner, Avonhead Mall, Riccarton Mall and Hornby plus on main arterial routes and public transport. Minutes only to the airport too...!
DEB CROSBY PAPANUI
• TIME TO ADD VALUE...!
FOR YOUR REFERENCE. SALE PRICE
$...........................................
Well Winter’s nearly here and at Harcourt’s gold we know that means an increase in most peoples power bills. We would love you to nominate yourself or someone who you think deserves a helping hand and go in the draw to win one of eight $200 vouchers towards the next power bill! To go in the draw, just fill in the entry form on our website
www.homes4sale.co.nz. Entries close Friday 29th July 2016
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12A Southey Street, Sydenham
FROM 12:00pm
Smart, Central and Brand-new • Boasting brand-new post-earthquake construction, this smart townhouse is constructed of cedar and lightweight concrete for timeless style and ease of maintenance. • Conveniently situated close to supermarket, shops and transport, it’s handy to both city and hills for the ultimate lifestyle. • The front townhouse of four designed by Krush Architecture, the northwest orientation of the open-plan living space ensures it soaks up the sun. The sleek, contemporary kitchen features a butler’s pantry and the added bonus of a separate study nook. Upstairs, three double bedrooms (master with en suite bathroom) also enjoy great light and sun. • An internal-access double garage and courtyard garden complete this very tempting package. With value underpinned by its own freehold title and an undeniably popular location, in zone for Beckenham School, Christchurch South Intermediate and Cashmere High, this will be a smart and worry-free buy for investors and home buyers alike.
CAMERON BAILEY PAPANUI
FOR YOUR REFERENCE. SALE PRICE
02
$...........................................
1/32C Aylmer Street, Somerfield No Plan B! This must be Sold!!! • With the current owners embarking on a new chapter in their lives, this fantastic townhouse in the highly desirable suburb of Somerfield simply must sell on or before auction day! • There are three good sized double bedrooms all with built in wardrobes • The open plan Dining and Living rooms are exceptionally spacious and flow effortlessly to the sun drenched deck - perfect for entertaining! • The large modern kitchen is the hub of the home with the bonus of an inbuilt study nook and a large breakfast bar • The education options couldn’t be better - In the zones for Thorrington and Somerfield Primary and Cashmere High School!
CHRIS MANGELS PAPANUI
• Safe, secure and fully fenced this home is perfect for families, couples, young professionals, those downsizing or investors! • The EQC repairs to the home are complete and cherry on top is a sizable cash settlement for the driveway claim that will be assigned to the new owners.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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40 Tui Street, Fendalton Winning Ticket on Tui • Rent, renovate or redevelop? This property could be your lucky ticket with a mouth-watering array of opportunities for the savvy investor. Situated on a superb 1,004 sqm freehold corner site with a blue chip Fendalton address, the upside of this house and land couldn’t be sweeter. • The substantial character home is presented in very tidy condition. Two generous living areas boast wood-panelling and lead-lights to excite the character lover, while the roomy separate kitchen is perfectly functional, but ripe for updating. • There are four good bedrooms and the bathroom is fresh and neat, with a separate shower. A heat-pump and log-burner will keep family or tenants cosy. Outside, the section is fully fenced with a single garage and established gardens.
CAMERON BAILEY PAPANUI
• Breathing new life into the home would be an enticing project, but others will be drawn to the possibilities presented by renting out the property while developing plans for a new build on the site.
& JACK LOURIE
FOR YOUR REFERENCE. SALE PRICE
04
$...........................................
15 Dee Street, St Albans A Rare Opportunity • Property in this prestigious area are tightly held and fiercely competed for and so it is with pleasure we bring this fabulous property with lots of options to the market. • Tradition and character have met with modern to give you the ultimate family living. There is a complete and well planned family kitchen which is great for entertaining and family interaction. • Downstairs are three double bedrooms with two bathrooms, one being an ensuit to the master bedroom which also has a walk thru wardrobe. • Upstairs is a further double bedroom and bathroom which is big enough to have a lounge suit for your comfort and privacy. Also upstairs is a heatpump with ducted heat to the downstairs which complements the lovely gas fire to keep everybody toastie warm on these cold winter mornings. • The property has undergone extensive renovations including new piling and foundation repair to a structural engineers standard.
SHARON SMITH PAPANUI
FOR YOUR REFERENCE. SALE PRICE
01
$...........................................
33 Brookfield Drive, Northwood
FROM 4:00pm
BROUGHT FORWARD Large, Light And Luxurious! • Families who crave space and demand quality will find our feature property - an expansive executive home in a highly-desirable location - utterly irresistible! • This residence boasts a total of five bedrooms, including a master complete with ensuite, walk-in-robe and doors out to a sheltered patio.
DEB HARVEY PAPANUI
• Two more bathrooms (both with baths) enhance functionality while a fabulous kitchen is complemented by a variety of formal and informal living areas. High ceilings and bulkheads add to the sense of grandeur in the separate lounge, with excellent indoor/outdoor flow promoting easy access to the fully fenced grounds. • Outside, manicured lawns and established gardens contribute to the restful ambience, while planter boxes, a barked play area and a double, internal access garage (with drive-thru) all add further appeal.
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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TOP 10
CONSULTANTS
LD O
R
UR TS CO
WORK WITH THE
BEST!
HARCOURTS GOLD
JUNE 2016 TOP
CONSULTANT IN JUNE
02
MARY TURNBULL
CAMERON BAILEY
PAPANUI
PAPANUI
06
07
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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10
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
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
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Highly trained and exceptionally skilled gold consultants.
JUNE 2016
293
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
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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
05
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.
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 4TH AUGUST
11TH AUGUST
126 Watford Street
Sandra O’Brien
3 Roullet Lane
Peter Griffioen
11 Kohi Drive
Judith Bodger
84 Windermere Road
Leeann Marriott
16 Cottonwood Street
Peter Griffioen
33 Pohutukawa Crescent
Sharon Trumper
18 Millstream Drive
Leeann Marriott
7 Cromer Place
Peter Griffioen
1434 Coaltrack Road
Sandra O’Brien
116 Watford Street
Cameron Bailey
42 Raleigh Street
Estelle Yang
8 Forresters Crescent
Peter Griffioen
35 Hewitts Road
Cameron Bailey &
69 Deans Avenue
Tracy Frew
Johanna Bainbridge
3 Argo Place
James & Katherine
33 Reginald Street
Cameron Bailey
60 Perry Street
Tracy Frew
Shepherd 1D Moule Street
Lewis Donaldson
FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:
http://www.homes4sale.co.nz /auction/upcoming-auctions
08
AUCTION BID RECORD 28TH 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
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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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