Reside 9th June 2016 by Harcourts Gold Group RE

WHEN YOU CHOOSE TO WORK WITH THE

N0. 1 HARCOURTS OFFICE

IN THE WORLD (OUT OF 800 OFFICES)

HARCOURTS GOLD

PAPANUI

reside OUR EXCLUSIVE PROPERTY MAGAZINE

ISSUE 14 9TH JUNE 2016

YOUâ&#x20AC;&#x2122;RE IN GOOD HANDS

URTS G

1 8

2 3 9 10

JUNE D

WORK WITH THE

BEST!

11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 GOLD AUCTION DAYS

JOHN MCFADDEN Business Owner Harcourts Gold AREINZ

LYNETTE MCFADDEN Business Owner Harcourts Gold AREINZ

CAMERON BAILEY Business Owner Harcourts Gold & Sales Consultant

ORDER OF SALE

Meet Our Top Performers

CONTENTS

Welcome to the JUNE edition of Reside magazine The property market is booming this June so if you’re looking to buy or sell, steady price growth and low interest rates make Autumn the right time to strike.

We’re conﬁdent that we have properties to meet everyones real estate needs.

Happy reading

06 07 08

Auction Results

Auction Bid Sheet

Upcoming Auctions

Market Comment

Gold Chat

Conduct Of Auction

ORDER OF SALE

MEET TODAY’S AUCTIONEERS

JUNE 9TH, 2016 Sold Prior •

20A sumner Street, Spreydon

From 10:00am 01

21 Mountfort Street, Spreydon

106 Teesdale Street, Burnside

74 Condell Avenue, Papanui

1/51 Watford STreet. Strowan

15B Waiwetu Street, Fendalton

9 Garden Road, Fendalton

22 Park Terrace, Christchurch Central

32 Torquay Place, Bryndwr

BRYAN THOMSON FREINZ AUCTIONEER

BEN DEANS AUCTIONEER

BIDDING TIP

NO.1

BE CONFIDENT IN YOUR BIDDING

30A Sumner Street, Spreydon SOLD PRIOR • An exciting opportunity has called our owners to Auckland and their muchloved Spreydon home must go – their loss could be your gain! • Offering the peace of mind of post-earthquake construction, this permanent material townhouse is set on a private rear section and offers contemporary living in a great location. • Featuring light and bright open plan living, stylish kitchen with Bosch appliances, three bedrooms, two bathrooms and a double internal access garage. • An easy-care 378m2 freehold section of TC2 land means you will have time to enjoy all the beneﬁts of being so close to Spreydon Domain, Barrington Park and the re-emerging CBD.

CAMERON BAILEY PAPANUI

21 Mountfort Street, Spreydon

FROM 10:00am

BROUGHT FORWARD • Families of all shapes and sizes will be instantly drawn to our feature property, a delightful home offered to the market in immaculate condition by our houseproud owners. • Situated on an established 646m2 section in an ever-popular pocket of the city, this robustly constructed home plays host to three double bedrooms and a luxurious contemporary bathroom, complete with spa bath and double shower! • Large windows bathe the open plan kitchen/dining/living area in natural light and a host of heating solutions including 3 heatpumps, partial double glazing and a moisture master system guarantees year-round comfort. A sunroom/ conservatory enhances functionality and a separate laundry adds to the appeal, although it’s the magniﬁcent grounds that will be the star of the show for many.

MARY TURNBULL PAPANUI

FOR YOUR REFERENCE. SALE PRICE

$...........................................

106 Teesdale Street, Burnside Entry Level to Sought After Location • A fabulous opportunity here as our owners are moving to be with family so sell she must. For 8 years they have enjoyed the property’s privacy, sun’s rays and easy care garden amidst good neighbors in a handy location. • Permanent material with own driveway this one feels bigger than she looks. On TC1 land with earthquake repairs complete, you can move in here and enjoy. Offering two bedrooms with a spacious lounge that houses the pellet ﬁre for warmth and the new carpet & modern bathroom mean life will be simple. The kitchen overlooks the backyard which is ample for those who like to potter in the garden. • Beneﬁt of being in school zones for Cobham Intermediate & Burnside High making your future investment both a secure & wise one.

SANDRA O’BRIEN PAPANUI

• First home buyers, investors or those looking to downsize should inspect her size will surprise.

FOR YOUR REFERENCE. SALE PRICE

$...........................................

74 Condell Avenue, Papanui Fresh, Funky and Fabulous! • When my owner moved into this brand new single level home late last year, he never envisaged leaving so early. However a change of plans and an impending shift overseas now means a sale is required, and is offering this stunning contemporary home to the market with genuine commitment and resolve. • Built by the highly regarded Benchmark Homes and covered by a 10-year Masterbuild guarantee, this 228m2(approx.) home features four double bedrooms (master with ensuite and walk-in-robe), a well-appointed family bathroom and a stylish kitchen complete with all the prerequisite bells and whistles. • The open plan kitchen/dining/living area is complemented by an interconnecting lounge, while a good-sized study nook is an added bonus. Outdoor entertaining is a delight with sliding doors opening out to a private and sheltered decking area - just perfect for alfresco dining!

MARY TURNBULL PAPANUI

FOR YOUR REFERENCE. SALE PRICE

$...........................................

1/51 Watford Street, Strowan Owners Returning Home Overseas. • A shift overseas necessitates the sale of this delightful townhouse. Location is superb & is highly sought after. • The home features 3 double bedrooms, 2 bathrooms, 3 toilets & 2 spacious living rooms. The laundry is in the double internal access garage. Both living rooms open out to a sunny paved entertaining area. • The property is well maintained, impeccably presented & has very good storage. It has a spacious feel about it & has a pleasant decor. • A bonus is the separate work station upstairs. • Situated in a popular residential street, it is close to excellent schools both public & private, with easy access to good shopping Malls, the Central city & CHCH Airport. Zoned for CBHS, Heaton intermediate,Waimairi Primary & Papanui High.

FOSS SHANAHAN PAPANUI

MARK BROWNLEE FOR YOUR REFERENCE. SALE PRICE

$...........................................

15B Waiwetu Street, Fendalton A Magical and Spacious Architectural Haven! • This gorgeous, architecturally designed home is set in the most picturesque and private garden setting, down a private drive in this quiet and popular culde-sac. With its strong lines and excellent “bones” and designed by renowned architect David Brocherie, this quality built home has been constructed in Oamaru stone and cedar to stand the test of time. • The home has been positioned on its own landscaped 858m2 established section to maximise both sun and privacy. • The main bedroom (ensuite) is downstairs with beautiful, sundrenched garden vistas. Upstairs there’s two very generous double bedrooms which share a bathroom. • Exceptionally light, bright and spacious throughout with the two living areas ﬂowing through French doors to the northfacing outdoors.

DEB CROSBY PAPANUI

• There’s an excellent oversized double internal access garage with good offstreet parking for a boat, caravan or trailer plus visitors cars.

FOR YOUR REFERENCE. SALE PRICE

$...........................................

9 Garden Road, Fendalton Your Opportunity Awaits: 1,214 sqm on Garden Road • 9 Garden Road is now available for sale and is being offered ‘as is, where is’, without insurance, making this an exciting proposition for securing land in one of the best streets in Christchurch. • In the short term, you’ll beneﬁt from the holding income presented by a substantial home in all the right school zones: in the longer term, the northwest aspect and private, rear setting of 1,214 sqm freehold land add up to the perfect site for building your future masterpiece. • Originally built in the 1950s, the current dwelling is a very liveable family home or investment property with 5 bedrooms, 3 bathrooms and 3 spacious lounges. • Great indoor-outdoor ﬂow to the established garden and in-ground swimming pool, and tasteful modernisation over the years - including a modern kitchen with scullery - make the home a practical and pleasant living space.

CAMERON BAILEY PAPANUI PAPANUI

• Underpinning the value of this very special property is a location second-tonone.

FOR YOUR REFERENCE. SALE PRICE

$...........................................

22 Park Terrace, Christchurch Central Prestige On The Park! • Thoughtfully designed by MAP Architects and built to the highest standards and the latest specifications, this brand new stunning, contemporary townhouse overlooking Hagley Park & the Avon River boasts a restful ambience which belies its proximity to the heart of the city. • From the minute you step inside you will be ‘wowed’ with what is on offer here. Downstairs the open plan dining/living area is a well-considered space that offers plenty of versatility and they effortlessly flow out to a very private north facing courtyard - just perfect for alfresco dining. • The kitchen is appropriately lavish, with Oak flooring, soft-closing drawers and a large oven is sure to impress even the most discerning home cook. • Upstairs you will find three double bedrooms, two of which open out onto an inviting balcony that enjoys compelling views across the park, while two luxurious bathrooms contribute to the further appeal.

MARY TURNBULL PAPANUI

FOR YOUR REFERENCE. SALE PRICE

$...........................................

32 Torquay Place, Bryndwr The Money Maker! • If you are looking for that mouth-watering opportunity to get into your ﬁrst home, to create equity by adding value or simply to invest at a core acquisition price then this property has to be it. • 1950’s brick and tile house on a freehold TC2 607sqm. Insurance cash payment of $24,986.38 relating to the driveway to be credited to the purchaser at settlement. • The house itself has three double bedrooms, large separate lounge, conservatory, kitchen, dining, bathroom and separate laundry. • Brand new double garage currently being built at the rear of the section.The rear boundary fence will also be replaced prior to settlement. • Located in a quiet cul-de-sac with Edgar MacIntosh Park at one end, with transport and amenities nearby.

FOSS SHANAHAN PAPANUI PAPANUI

• Entry level real estate, clear ability to add value combined with committed sellers makes the perfect opportunity to get started and build equity.

FOR YOUR REFERENCE. SALE PRICE

$...........................................

HARCOURTS CANTERBURY 2012-16

HARCOURTS CANTERBURY 2015-16

WORK WITH THE

BEST!

HARCOURTS CANTERBURY 2014-16

HARCOURTS CANTERBURY 2015-16

HARCOURTS CANTERBURY 2014-16

HARCOURTS CANTERBURY 2015-16

HARCOURTS CANTERBURY 2014-16

HARCOURTS CANTERBURY 2015-16

‘RISING STAR” AWARD HARCOURTS CANTERBURY 2015-16

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

15 PROPERTIES CONSISTING OF 8 AVAILABLE

NOT SOLD ON OR BEFORE AUCTION DAY

SOLD PRE AUCTION

12 PROPERTIES

24%

15 PROPERTIES

69% SOLD SOLD BY AUCTION

22 PROPERTIES

45%

31%

2 SOLD BETWEEN 0-5 DAYS

2 CURRENTLY UNDER OFFER

3 WITHDRAWN

TOTAL SOLD PRE AUCTION TOTAL SOLD BY AUCTION TOTAL NOT SOLD ON OR BEFORE AUCTION DAY

AUCTION STATISTICS BASED ON...

49 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

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

Highly trained and exceptionally skilled gold consultants.

MAY 2016

238

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

Market Comment

GOLD COMMENT

Here in Christchurch our reported median price has risen to $450,000 - a record high. On a month by month basis that ﬁgure represents only small incremental increases, last month it was $447,500 but the pressure remains. When writing a market update each month, you start to realise how frighteningly quick the year flies by. So here we are in May, already reporting on what is happening in our Real Estate market over the month of April. The release of REINZ data and our own figures show that in both our local Christchurch market and right across the country, everyone is experiencing very similar Real Estate market conditions. To give you an idea of what I am referring to with the release of the REINZ regional data the headline on the article reads “Chronic Lack of Supply Fuels Regional Growth”. The data goes on to tell us that for the month of April there was a drop in supply nationally of close to 30% compared to the same time last year. The aforementioned effects have played out in our Christchurch marketplace over the last few years. What we have heard about happening in Auckland has now spread throughout the country, it has been termed the “Halo effect” in the media. So what does all this mean in real terms for Christchurch? In a nutshell, our strong solid market is continuing and pressure remains on price levels due to stock shortages. Here in Christchurch our reported median price has risen to $450,000 a record high. On a month by month basis that figure represents only small incremental increases, last month it was $447,500 but the pressure remains. The REINZ data reports 692 dwellings and sections sold in Christchurch in April. Whilst this figure is less than our

reported March sales figure, once it is seasonally adjusted (as typically April is always a slower month compared to March) the end result shows an increase in sales volume of 1.2% compared to April last year. Looking at the reported Harcourts Christchurch data for April, we are experiencing similar stock level issues due to being the major company selling in the region. Total available stock is down 23% compared to a year ago and we too are experiencing record price levels. For the first time the average price for Harcourts sales in our fine city is exceeding $550,000. Feedback from our sales consultants reinforces this information. Their input informs us that there has been no drop off in demand from the buyers. Based on their reported phone inquiries and open home visits, we know that certainly there has been no discernible let-up in enquiry. As mentioned last month, the good old Traditional “Blue Chip” locations continue to get huge levels of interest in whatever property is available. In recent times we have started to see an even greater availability of the “As Is“ properties coming up in these sought after areas. From this increased availability it is noticeable that this is creating a large amount of interest. Within the development sector, developers and investors now competing with individuals wishing to purchase in the “Blue Chip” locations. Our auctions here at Harcourts Gold continue to provide an economic advantage to our vendors. We firmly believe that there is a premium

JIM DAVIS BUSINESS DEVELOPMENT MANAGER HARCOURTS GOLD achieved for any property marketed using this premium sales method, especially when we are working in the type of market Christchurch is experiencing at the moment. If you currently contemplating selling property at the moment, you need to talk with our Gold consultants to enable yourself the chance to achieve this economic advantage The rental market across the city across the city continues to show an excess of available rentals. Last month I mentioned there were around 1800 reported available rentals in our city and that number hasn’t dropped in the last month. 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, doesn’t mean there is another prepared to pay the same level, especially when they have so much choice available. Think carefully of the rent you want, taking into consideration 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, 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.

OUR DREAMS FUEL OUR OUTCOMES! Planning for business & life!

Real estate has its own annual rhythm and it’s about this time of year I start reacquainting myself with some of its finer points.

LYNETTE MCFADDEN BUSINESS OWNER HARCOURTS GOLD

GOLD CHAT

It’s the end of the financial year, the commencement of business planning and, for the brand I’m associated with, conference time. It’s surreal, stressful and strategic all at once, with the pressure really being applied to enter the new financial year refreshed and refocused. Which after a year of long hours and big results is not easy. Remaining relevant to your marketplace, engaged and committed takes planning and the kind of thought processes that keep you awake at night. I run the business planning sessions for our large team of consultants and because I want to fill the box, not just tick it. I put serious amounts of time and thought into my delivery. This year I utilised a relatively creative approach to the session incorporating the following truths. There are five of them and they are my feelings and thoughts after many years at the helm.

1. Any plan is better than no plan at all We all know the statistics that sit behind this statement and these can be readily accessed using Google. Basically they establish that there is a wide gulf between having a formal written plan and no plan at all. Completing a plan and following it positively correlated with business success and for many this flows on to personal success too.

tell you it’s almost impossible to engage everyone every time. So I go for as much participation as possible and I did remind them that there were some good take-home points of value so it was best to be alert to them.

Including me! So if we’re together, let’s bring our best selves.

5. Our dreams fuel our outcomes Having the right dreams, goals or purpose is like having rocket fuel in the tank. It’s just a matter of identifying them and for most people that’s one of the hardest things to do.

2. I know one plan does not fit all Plans can be long, short, elaborate or simple. Over the years I’ve had to do some plans that were so complex you needed a PhD to navigate them (hopeless). But the main aim for me as I dealt with my large group of attendees was providing a framework that got most, if not everyone thinking. Any trainer will

4. None of us has to be here

3. We can all be open to being better Better people, realtors, partners, siblings, parents, etc. and putting time aside to determine how to do this makes us better human beings. So I always include this as one of my personal truths.

So there you are, that’s the framework. Now all I’m waiting for are the results! Enjoy this warm, lingering autumn as anyone who watches Game of Thrones will tell you – winter is coming.

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.

UPCOMING

GOLD

AUCTIONS

23RD JUNE

16TH JUNE

53 Harris Crescent

Leeann Marriott

247 Lake Terrace Road

Leeann Marriott

239 Wairakei Road

Debbie Soper

136 Rutland Street

Leeann Marriott

81 Conway Street

Mary Turnbull

188A Harewood Road

Lauren & Bill Clemett

29 Tudor Avenue

Cameron Bailey

89 Gardiners Road

Mark O’Loughlin &

42 Mersey Street

Julie Proctor

20 Lonsdale Street

Peter Grifﬁoen

342 Stanmore Road

Debbie Soper

8/6 Harts Creek Lane

Deb Harvey

1 Glenview Terrace

Leeann Marriott

3 Tanu Place

Sarah Gwyther

61A Wai-iti Terrace

Debbie Soper

54 Ranfurly Street

Mary Turnbull

21 Monterey Place

James &

27 Main Road

Clare Beer

6 Beverley Street

Deb Crosby

2/42 Ofﬁce Road

Deb Crosby

9A Berwick Street

Leeann Marriott

Pedro Park

Katherine Shepherd

FOR A COMPLETE LIST OF OUR UPCOMING AUCTIONS GO TO:

http://www.homes4sale.co.nz /auction/upcoming-auctions

AUCTION BID RECORD 9TH JUNE 2016

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 ITâ&#x20AC;&#x2122;S ACCURACY AND INTERESTED PARTIES SHOULD RELY ON THEIR OWN ENQUIRIES