ISSUE 29 13TH SEPTEMBER 2016
reside OUR EXCLUSIVE PROPERTY MAGAZINE
LEO TOLSTOY
SEPTEMBER R
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10 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
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ORDER OF SALE Meet Our Top Performers
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Auction Results
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Welcome to the September edition of Reside magazine The property market is booming this September so if you’re looking to buy or sell, steady price growth and low interest rates make Spring the right time to strike. We’re confident that we have properties to meet everyones real estate needs.
Market Comment
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Gold Chat
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Happy reading
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Auction Bid Sheet
Upcoming Auctions
Conduct Of Auction
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ORDER OF SALE
MEET TODAY’S AUCTIONEER
SEPTEMBER 13TH, 2016 From 12:00pm 01
11 Shaftesbury Street, Avonhead
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5 Iti Place, Tumara Park
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10 The Belfry, Waimairi Beach
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39 Beatty Street, South New Brighton
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1 The Belfry, Waimairi Beach
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176 Knowles Street, St Albans
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1 Springvale Gardens, Harewood
Wednesday, 14th September •
2/8B Jeffreys Road, Fendalton
BIDDING TIP
NO.1
BE CONFIDENT IN YOUR BIDDING
BEN DEANS AUCTIONEER
01
11 Shaftesbury Street, Avonhead
FROM 12:00pm
Potential Plus +++ • Situated in the highly desired area of Avonhead sits this solid red brick bungalow ripe for renovation. • The property sits on north west site of 857sqm. Indoors flows so easily to the outdoors where the section is ideal for family activities and fun. • Our owners are well aware that over recent times the property has been too much for them to handle, which now leaves this home wide open for enthusiastic new owners to come and breathe new life into the property again. • The home is partially double glazed and over the years has had an addition of a large conservatory/living area at the back of the home, which opens to the lawn and section beyond. • There is huge scope in this home and really it is a matter of viewing to appreciate what is on offer and what can be done to turn this property into a great family home which it has been in years gone by.
CLARE BEER PAPANUI
FOR YOUR REFERENCE. SALE PRICE
02
$...........................................
5 Iti Place, Tumara Park Career Move Provides Opportunity... • Our clients’ pending relocation to Central Otago means decisive family plans are well and truly in place. With the clock ticking prudent buyers should take note. • Our subject property combines style with practicality, providing a quality easy-living home within a convivial, cul-de-sac community. Clean lines plus reassuring plaster over brick construction combines durability with modern convenience and comfort. • The striking island-style kitchen forms the central hub for day to day living and is complemented by the two sizable living areas that provide family functionality and privacy when required. The four double bedrooms, well serviced by full well specified bathroom facilities easily accommodate all ages and stages.
PETER GRIFFIOEN PARKLANDS
& CALEB GRIFFIOEN
• Nestled into the established Tumara Park community, where this recreational Mecca further underpins the home’s value. Desirably zoned for the soughtafter and recently opened Waitakiri School; while parks, open walkways and Bottle Lake Forest Park are yours to enjoy.
FOR YOUR REFERENCE. SALE PRICE
03
$...........................................
10 The Belfry, Waimairi Beach A New Standard of Living • This stunning contemporary home takes lifestyle to a new level, combining practical design with a myriad of extras in a desirable location bordering a golf course and just a short stroll from Waimairi Beach and Bottle Lake. Modern design, featuring clean, square lines, puts this property in a class of its own, while post-earthquake construction offers peace of mind.
CAMERON BAILEY PAPANUI PAPANUI
• The open-plan living area is made for soaking in the views - extensive glazing floods the room with light and creates natural flow to outdoor living. With space for dining and relaxing, along with a sleek kitchen boasting all the conveniences a home chef could ask for, this is a natural hub for family living. An adjoining lounge offers an alternative retreat. Upstairs is an additional living room, plus guest bedroom with bathroom. Downstairs are another three bedrooms - including palatial master suite - office (which could also be used as a 5th bedroom), family bathroom and double internal-access garage (plus garaging for the golf cart!).
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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39 Beatty Street, South Brighton Last Chance! Owner on the move! • A real winner, motivated seller last chance to purchase this lovely property with doesn’t change hands often. • Popular seaside location, timeless charm with a definite Mediterranean art deco feel, beach and domain walking distance a real treat on offer here for couples or smaller families. • Offering 3 bedrooms, small study, cute kitchen, formal dining and separate large living with French doors opening to a brilliant north facing deck capturing all day sun. • The grounds are super delicious with different areas to relax and enjoy the outdoors with all bedrooms having French doors to these idyllic spots. • New single garage, plus single carport and off street parking. • It’s a real pleasure to market this property with all EQC repairs completed on TC2 land slightly elevated.
DEBBIE GORDON NEW BRIGHTON
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
1 The Belfry, Waimairi Beach Coastal Quality • Our clients have thoroughly enjoyed their time nestled within this enclave of quality homes. Located a literal stone’s throw from the renowned Waimairi Beach Golf Club and within a relaxed 5-minute walk to the beach. • Maximising sun and site this 776sqm parcel comfortably assisted with building this impressive modern home. Location, quality and design have combined to afford this impressive package for discerning buyers. It’s not difficult to envision the family utilising the comprehensive living and entertaining spaces on offer here.
PETER GRIFFIOEN PARKLANDS
• With a generous floor area of 276m² the home provides versatility and options for the modern family; the single level configuration for ease of living on a daily basis. Defined living areas are both sizeable, interconnect beautifully and enjoy direct outdoor flow. The impressive island style kitchen with granite counter, dual oven and scullery round out some of the modern conveniences on offer - the list comprehensive!
& TESS MALEY
• We see this property as ticking many boxes for leisurely living
FOR YOUR REFERENCE. SALE PRICE
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$...........................................
176 Knowles Street, St Albans A New Chapter Beckons • This is a story of life well lived and a home well loved. Now our owners’ sights are set with certainty on a new home after 22 halcyon years guiding their thriving family to their happy adult lives. • It will be a wrench for them to leave the comforts of home, neighbourhood and location having enjoyed the best of the quality local schools, community and amenities. • This property is well placed for an easy walk to Malvern and Rugby Parks, local shops and cafés on Rutland St, and a quick jaunt to Both Merivale and Northlands precincts.
LEEANN MARRIOTT PAPANUI
& FIONA NANKIVELL & ILAM 2
• Warmth and natural light permeate the generous family living area and cosiness is abetted by heat pumps and a log burner. The north facing separate lounge room is a wonderful additional space with a multiplicity of uses and French doors opening to a patio and garden. • So if you thought a four bedroom family home on a great piece of land was above your budget, you may be in for a pleasant surprise!
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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1 Springvale Gardens, Harewood Goodbye means “Good Buy” • An exciting opportunity has our owners Sydney-bound and sadly saying goodbye to their beautiful home. • With the proximity to local parks, Styx Mill Reserve, Willowbank Wildlife Centre and the Northwood shopping precinct, the benefits go far beyond just those of the home. • Four double bedrooms are conveniently spread over two levels, along with the office and two spacious bathrooms, whilst there are also three separate living areas for ease of family living functions. • Enjoying a sunny orientation, the home’s inherent warmth is also enhanced with double glazing and efficient heating systems. • The over-sized garaging also offers drive-through access to the rear of the section, plus a large, lined loft area.
DOUG SOPER PAPANUI PAPANUI
List with Harcourts in Canterbury and you could .. .
& LAN CHEN
• Established planting, a heated in-ground pool and the paved Barbeque area will offer your family and guests endless hours of summer enjoyment whilst there’s also ample room on the 1200 m2 section.
FOR YOUR REFERENCE. SALE PRICE
the
ING 7 AMAZTIONS A IN T S DE TO 7 TRIPS N! O W E B
WORLD
$...........................................
5 NIGHTS IN LONDON FOR TWO
5 NIGHTS IN NEW YORK FOR TWO
5 NIGHTS IN PARIS FOR TWO
5 NIGHTS IN SHANGHAI FOR TWO
5 NIGHTS IN FIJI FOR TWO
5 NIGHTS IN SYDNEY FOR TWO
5 NIGHTS IN HONG KONG FOR TWO
Contact your local Harcourts consultant today!
TERMS AND CONDITIONS: All exclusive 90 day listings received and live in our system between 10th September and 30th of November 2016. To be included in the draw these listings must be with our offices located in: Christchurch, Kaiapoi, Rangiora, Hanmer and Akaroa including NAI commercial sales, leasing and Business Brokers. The prizes will be drawn under Police supervision. All winners will be notified in person with the result published on our website, www.harcourtscanterbury.co.nz, on 5th December 2016. For more terms and conditions talk to your sales consultant today.
2/80B Jeffreys Road, Fendalton
14TH SEPTEMBER
BROUGHT FORWARD Spacious, Sundrenched Haven! • Hidden from the street, down a private drive, is this beautifully modernised, exceptionally spacious three double bedroom (ensuite + WIR) two living room townhouse which is now surplus to requirements and must be sold... • The sectiion it is positioned on is larger than most and receives maximum sun and privacy. The gorgeous, modern open plan kitchen/dining/family living flows outdoors through sliding doors to the large deck and north facing garden • The second living could also be used as a fourth downstairs bedroom if ever required. There’s a spacious, modernised bathroom plus laundry downstairs too
DEB CROSBY PAPANUI PAPANUI
• Upstairs there’s three decent sized double bedrooms - the main is very generous in size and has an ensuite and walk-in-robe • The spacious grounds enjoy all day sun, are secure for children or pets, and are exceptionally private
FOR YOUR REFERENCE. SALE PRICE
$...........................................
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CONSULTANTS
HARCOURTS GOLD
R
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TOP 10
HA
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WORK WITH THE
BEST!
AUGUST 2016 TOP
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CONSULTANT IN AUGUST
CAMERON BAILEY
PETER GRIFFIOEN
PAPANUI
PARKLANDS
06 BEV JOHNSON NEW BRIGHTON
07 DEBBIE SOPER PAPANUI
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
04 DEB HARVEY
REDWOOD
PAPANUI
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TRACY FREW
DEBBIE GORDON
PAPANUI
NEW BRIGHTON
05 SANDRA O’BRIEN PAPANUI
10 ASHLEY
SUTHERLANDTODD 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
5.5 PROPERTIES
14%
13 PROPERTIES CONSISTING OF
NOT SOLD ON OR BEFORE AUCTION DAY
9 AVAILABLE
13 PROPERTIES
33%
67%
SOLD
4 SOLD BETWEEN 0-5 DAYS
80 TOTAL SOLD PRE AUCTION TOTAL SOLD BY AUCTION
SOLD BY AUCTION
21 PROPERTIES
53%
TOTAL NOT SOLD ON OR BEFORE AUCTION DAY
SO
SOLD PRE AUCTION 2 PROPERTIES
5%
NOT SOLD ON OR BEFORE AUCTION DAY
8 PROPERTIES
20%
AUCTION STATISTICS BASED ON...
39.5 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.
AUGUST 2016
379.5
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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.
307.5
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Market Comment
JIM DAVIS
BUSINESS DEVELOPMENT MANAGER HARCOURTS GOLD
It is noticeable, now that we are experiencing longer days, that the mood of the market is lifting a bit. For the first time in a few months we are seeing more new listings showing on our “sales board” than contracts, and our consultants are definitely getting busier with appraisals of potential new stock for the market. With the advent of spring and the arrival of warmer weather I expect we will see a further lift of activity over the next few months. Stock levels will lift again and a normal trading market will return.
GOLD COMMENT
Christchurch’s August sales figures have just been released by the REINZ and typically show what we expect in the market at this time of the year. To appreciate these figures fully, here is a copy of the opening paragraphs from my market report written this time last year: “The August sales figures have just been released by the REINZ and these indicate that winter once again showed a good sting in its tail. Typically we expect to see market activity at its lowest point around the July-August period and this is usually a reflection on how most people seem to hunker down a bit over these colder winter months. This slow down in activity usually also means a reduction in the volumes of listed property, which ultimately also affects volumes of property sold when there is not a lot of fresh stock coming onto the market. This year the July/ August period has not been much different, and we have seen a marked drop in listings and new stock coming on over the winter months, the end result has shown up in the low winter sales volumes, but with good demand still evident from buyers waiting
to resolve their accommodation requirements. “ Re-reading this, I can say not much will be changing in my report for August 2016. Overall stock levels are at a new low, across the city and the sales figures for Harcourts as a whole typify what is happening across the market, since we list and sell the majority of the market here. Total available stock is down nearly 29% on the same time last year, as a result of less new listings coming onto the market. Whether this is due to the winter doldrums or everyone just saying let’s take a break, stock levels are at near record low numbers. But it’s not all doom and gloom, the sales are still continuing at a steady pace and this is continuing to place pressure on prices and, as a consequence, we are still seeing the average sale price creep up month on month. The release of REINZ data that combines sales across the industry tells us there was some 567 residential sales for the month of July. These figures are virtually identical to the number sold
last July, and it is this continual sales pressure that is pushing the average sale price month-in month-out to the $521,885 as recorded by Harcourts this last month. Amazingly, even in this type of market, there can still be the odd property anomaly where for whatever reason the right buyer is just not there at the right time. Sometimes we know why a property hasn’t sold as there is a glaring issue or fault that either may or may not be able to be changed, and at other times the vendor’s expectations are just well above market reality. Very occasionally there can be a situation where there is just no one in the market at that point of time wanting that particular property for whatever reason. Most faults, issues and initial price expectations can typically be sorted out with a price adjustment. As professionals in the industry we can overcome most of these issues by suggesting that you auction your property, price then no longer becomes the stumbling block to a potential purchaser. As the seller the benefits are that you get to see exactly what the cashed up public are prepared to pay, whether or not
it is enough is your call ,at least you have an option. If no one bids it’s not the end of the world, because shortly afterwards you will get to see what the conditional buyers who are interested are prepared to pay, along with their conditions. Over all, auction is a process that in my opinion offers the best option for all concerned. It is noticeable, now that we are experiencing longer days, that the mood of the market is lifting a bit. For the first time in a few months we are seeing more new listings showing on our “sales board” than contracts, and our consultants are definitely getting busier with appraisals of potential new stock for the market. With the advent of spring and the arrival of warmer weather I expect we will see a further lift of activity over the next few months. Stock levels will lift again and a normal trading market will return. Good luck with your buying and selling decisions, I expect we will be seeing even more activity in the near future.
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LYNETTE MCFADDEN BUSINESS OWNER HARCOURTS GOLD
GOLD CHAT
FINALLY ... TWO MONTHS PAST OUR EXPECTED COMPLETION DATE AND WITH THINGS STILL TO FINISH WE HAVE MOVED INTO A NEWLY CONSTRUCTED HOME, AND AFTER A 16-MONTH BUILD I HAVE SOME TIPS I’D LIKE TO SHARE WITH ANYONE ELSE WHO IS CONSIDERING BUILDING.
THE REALITY OF BUILDING AND FIRST WORLD PROBLEMS
1) Don’t (!!!!) even start if you think it’s going to be a walk in the park. It’s a massive commitment, financially and emotionally. Constant decisions are required and there are a multitude of places where instructions and interpretations can become entangled and confused, leaving all parties at loggerheads.
factor in fluctuating prices. Contractors are busy, some more than others, and this is often reflected in their attendance at the project and in their quotes. The reality, as in my own industry, real estate, is that ‘cheapest is rarely best’.
4) Expect issues. It’s not plain sailing on most jobs. There will always be compromises and sometimes it actually doesn’t all come together till the last, but be assured that it will.
Think carefully, think ahead and communicate clearly. I’ve noticed that a lot of Kiwi tradespeople tend to be the strong, silent types, so don’t be put off if they don’t say much back.
2) Work to a budget, because no-one enters into a new build without a firm idea of what the financial commitment should be, but be prepared to have that challenged by concerned contractors trying to help you realise your dreams, because ideas inevitably expand. The supply-and-demand marketplace that exists in Christchurch is also a
when they get their agent to put a ‘shoes off, please’ sign inplace. Let your expectations be known and short of these, swear!!!!!
3) Wipe your feet. This is just an on-site observation. You get to the exciting stage when it’s time to move inside. Some of the floor coverings may be in situ and walls painted, and the odd contractor who you don’t know rocks up with work boots that look like they’ve climbed a mountain pass in Bolivia. As an owner, it’s heart-breaking and it’s given me a new appreciation of what vendors expect and deserve
Now if only we could stop setting the alarm off in the early hours and I could sort out how to work the new appliances, then we could get on with completing what has been a significant challenge and the fulfilment of a dream! Thanks to everyone involved helped, you know who you are and also to my ever patient husband John, and in case you are wondering this storyline is now closed! 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 22ND SEPTEMBER
29TH SEPTEMBER
76a Memorial Avenue
Mary Turnbull
46 Kotuku Crescent
Sandra O’Brien
225 Cannon Hill Crescent
Mary Turnbull
92 Philpotts Road
Sandra O’Brien
36 Camberwell Place
Belinda
6 Church Lane
Lewis Donaldson
& Sam Dunster
68 Rocking Horse Road
Andrew Swift
102 Somerfield Street
Mary Turnbull
32 Chepstow Avenue
Tracy Frew
12 Braithwaite Street
Margaret Danzer
76 Packe Street
Mary Turnbull
10 Kieran Grove
Mary Turnbull
24 Cossar Street
Andrew Swift
72a Dunedin Street
Lauren
324 Highsted Road
Foss Shanahan
14 Anglem Way
Deb Harvey
& Bill Clemett 10 Hilldale Place
Sarah Gwyther
8 & 8A Grants Rd
Deb Crosby
38 Austin Street
Andrew Swift
1 Palazzo Lane
Michelle Fu, Mark Wang & Chris Mangels
309C New Brighton Road
Andrew Swift & Jenny Howley
& Sharon Trumper 2/83 Watford St
Foss Shanahan
24 Linkwater Way
Judith Bodger
3/ 64 Straven Road
Cameron Bailey & Johanna Bainbridge
7 Canter Lane
Michelle Fu & Mark Wang
13 Holmwood Road
Peter Griffioen
1 Courtfield Close
Peter Griffioen
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 13TH SEPTEMBER 2016
ADDRESS
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
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 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 Gold Property Management Eastside, New Brighton Mall PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 382 0043 FAX: (03) 388 0116 GOLD REAL ESTATE GROUP LTD LICENSED AGENT REAA 2008 A MEMBER OF THE HARCOURTS GROUP
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
VIEW OUR LIVE ONLINE AUCTIONS AT...
www.homes4sale.co.nz FOLLOW US ON...
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