Issue 229, 15th April 2021
our vision To be the best, most outstanding company in the country adding value to our clients and to the lives of the people who make up our team.
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gold Leaders & Auction Team
page 4
Conduct of Auction
page 5
Auctions Brought Forward
page 6
12 April 1) 10 Sarah Street
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Important Information
gold business J
content
2) 32 Applefield Court
13 April 19 Glandovey Road Bu
page 7
3) 12 Palmers Road
10) 194A Ilam Road
4) 11 Natalie Place
11) 117 & 121 Woodham Road
5) 11 Arlington Street
12) 1636 Chch Akaroa Road
6) 17a Vickery Street
13) 208A Racecourse Road
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Auction Success Stories
page 16
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Latest Article: The Bank of Mum & Dad
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7) 98 Elizabeth Street
Forthcoming Auctions
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9) 9 Hanover Place
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2) 214E Springfield Road
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from 1) 74A Winchester Street from 8) 7 Sunningvale Lane 10:00am 11:00am
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Today’s Order of Sale
N o . 1 Ha r c o u r t
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*No.1 Harcourts Sales Consultant Canterbury (since 2012), Nationally (since 2017) and Internationally (since 2017).
Reside Magazine
page 3
important gold information leaders How does AML/CFT affect me?
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New Legislation in the Real Estate Industry The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 – or “AML”, as it is more commonly known, is part of a worldwide initiative to crack down on illegal activities, including money laundering and terrorism.
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Criminals have been known to use banks, lawyers, accountants and real estate agents to help hold and move assets. The new legislation is aimed at detecting and ultimately deterring this activity.
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If your property or business is held in the name of a company, trust, or has overseas ownership, we will need specific information about the entity including the people associated with it - such as directors, shareholders, trustees and beneficiaries. The Act also requires us to ask you to confirm source of funds for these entities.
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From the 1st of January 2019, all Real Estate companies under the Act must request specific information from our clients before we may advertise the property or business to sell. This information will also be required from clients who have commercial property they wish to lease.
If you have any questions, please do not hesitate to contact your salesperson or their Manager.
t i v e Ma n a g
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How am I affected by the new legislation?
Under the new rules, we will require documents such as a birth certificate, passport or driver’s licence, to prove your identity. We may also request a copy of your rates bill, electricity account or bank statement to confirm your usual residential address.
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New Zealand is held in high regard internationally as one of the least corrupt countries and as a great place to do business. The new rules have been introduced to safeguard that reputation and to play our part in combating global crime.
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auction team
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• 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.
Auctioneer
• The auctioneer may refuse any bid.
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Conduct of Auction
• 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 without declaring the reserve price.
Auctioneer
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• 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: c t i o n Ho s t e s s
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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. This is an extract from the contract so please refer to the complete terms as supplied.
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Reside Magazine
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Brought Forward
SOLD
10 Sarah Street, Marshland
12 April
PI68495
In a Class of Its Own This stunning near-new (built 2020) home combines impressive contemporary style with clever design elements and an enviable setting. Set in a quiet street, a park boundary wraps around the north and east, creating a wonderful sense of space and ensuring lovely open views from much of the home. With high-performance Hebel construction for your peace of mind, and all the extras for your absolute comfort, this property stands apart from the competition!
Cameron Bailey & Harrison Hopman Papanui
PI68433
Brought Forward
SOLD
Sale Price:
( for your reference)
$ 1,065,000
32 Applefield Court, Northwood A Touch of Magic Immaculately presented and set in the most exquisitely landscaped award-winning gardens, this handsome and substantial home has been lavished with care, ensuring the lucky new owners enjoy peace of mind and worry-free living in magical surroundings. Enjoying peace and privacy in a prestigious gated community, it is strolling distance to Styx Mill Country Club and the Conservation Reserve, with all the amenities of Northwood Supa Centa just five minutes away by car.
Cameron Bailey & Harrison Hopman Papanui
Brought Forward
SOLD
( for your reference)
$ 1,050,000
19 Glandovey Road, Fendalton A Remarkable ‘As Is, Where Is’ Opportunity Boasting timeless classical design, this beautifully maintained and much-loved home has been deemed ‘as is, where is’. Presenting purchasers with an extraordinary opportunity to secure an immaculate family home on park-like 1,163sqm grounds (with Wairarapa Stream boundary) in a highly desirable street - and packed with potential to repair and renovate to your taste.
Cameron Bailey Papanui
page 6
Sale Price:
( for your reference)
$ 2,020,000
13 April
PI68486
Sale Price:
Do you own a rental property?
! y s a e t i e k a We m
from 10:00am
473 Papanui Road, Papanui • (03) 352 6454 • gpm@harcourtsgold.co.nz
1 74A Winchester Street, Merivale
PI59156
A Class Act There are not enough superlatives to describe this stunning home built in 2015 of Hebel construction which offers luxurious living and accommodation for family and friends in this highly desirable location in the heart of Merivale. Designed to perfection for todays’ living and positioned on a rear site with its own driveway, this light, bright and exceptionally spacious, private home has been finished to an impeccable standard throughout
Deb Crosby Papanui
Sale Price:
( for your reference)
$
2 214E Springfield Road, St Albans
PI68368
Scoop Up This 70’s Stunner! Boasting a sun-soaked position and a serene disposition thanks to the gorgeous courtyard, this private, spacious 1970’s townhouse is sure to put a spring in your step. Conveniently located within walking distance to great shops, schools, and parks, you’re really spoilt for choice with this one!
Mary Turnbull Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 7
3 12 Palmers Road, North New Brighton
PD5020
It’s Your Turn Now After a 52 year tenure at 12 Palmers Road the owners are ready to pass the keys of their home over to a new family. Repairs and upgrades were carried out in 2014 so it is now fresh and ready for you to move in to and enjoy your tenure here with your family. Upgrades included new cladding and roof, wall and ceiling insulation, heat pump, garage, driveway - and so much more.
Judith Bodger Parklands
Sale Price:
( for your reference)
$
4 11 Natalie Place, Harewood
PI67964
Harewood Hideaway Haven! Tucked away on a quiet rear section lies this fabulous family home built 2016, positioned amongst established homes in a quiet, tree-lined Harewood cul-de-sac. This property is designed for easy living, rest and recreation where home is a haven to come home to. Wrap around decks with stacker doors and bi-fold doors create seamless flow from the indoors out. An outdoor gas fire provides the ambience for evening night caps along with a spa pool for a good nights sleep.
Debbie Soper Papanui
Sale Price:
( for your reference)
$
5 11 Arlington Street, Burnside
PI68338
Epitome of Elegant Taste in Prime School Zone A well-balanced family home positioned on a generous 754m2 freehold TC1 section in a prime school zone, brimming with elegance. It is a school zone epitome, with the excellent choices of Roydvale Primary, Cobham Intermediate and Burnside High School.
Michelle Fu Papanui
page 8
Sale Price:
( for your reference)
$
6 17a Vickery Street, Kaiapoi
RD7938
First home? Downsizing? Check out this cutie! This is a truly delightful 2 double bedroom townhouse on an easy care section with open plan living areas and double internal access garaging. It’s sunny, spacious and bright with a colourful garden and room to enjoy the outdoors. Located in a quiet street with a peaceful outlook, this home will suit small families, first home buyers or those looking to downsize.
Christeen Flynn Redwood
Sale Price:
( for your reference)
$
7 98 Elizabeth Street, Riccarton
PI68336
Two Homes Too Many! Prime Location! Immaculate town house close to Westfield shopping precinct, Hagley Park and to the CBD. In zone for popular Christchurch Girls’ and Boys’ High School. 211m2 floor area promises spacious room for all family members. 2007 build-quality and durability of the modern plaster cavity system cladding.
Sissi Liu & Michelle Fu
from 11:00am
Papanui
Sale Price:
( for your reference)
$
8 7 Sunningvale Lane, Fendalton
PI67947
As-Is-Where-Is, School Zone Trifecta This as-is-where-is property set on 754sqm, could be your next dream home or new repair project. Rising up from its quiet cul-desac surroundings and boasting elevated transparent stream views and magical sunsets, sits a show-piece of design and detail. It is a rarity indeed to find a hidden treasure with so many redeeming features merged to form such an agreeable family environment. This Northwest-facing home with its beautifully landscaped garden is bound to steal your heart.
Mark Wang & Danny Liu Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 9
9 9 Hanover Place, Ilam
PI67997
Twisting By The Pool Whilst we head into the autumnal season, you can still dream of the summer months ahead where you could be lounging by the pool. This 1970’s home has stood the test of time and while it has worked for our current owners for nearly 10 years the time has come to hand over the keys of this classic home to one lucky new owner. Situated in a quiet cul-de-sac amongst quality homes and located close to a bevy of amenities and handy to public transport and excellent schooling options, this four double bedroom plus two living room home is ideally located for those seeking both convenience, and security of an investment long term.
Leeann Marriott Papanui
Sale Price:
( for your reference)
$
10 194A Ilam Road, Ilam
PI68247
International Style Within Educational Zones! This stylish, cutting edge family home sits proudly on a quiet back section with 872sqm of TC2 land. Extremely well maintained and renovated throughout with crisp charcoal and white tones, moderated by the vibrancy of floating floors and detailing which form the basis of the home’s timeless interior design. The high attention to detail is evident in the feature lighting and high-end fittings which are not to be overlooked.
Ash & Shar Sutherland Todd Papanui
Sale Price:
( for your reference)
$
11 117 & 121 Woodham Road, Avonside
PD5022
Builders, Developers, Opportunists - Take Note! Prime development site of 1287sqm in two titles. Selling ‘as is, where is’. Existing dwellings are damaged, abandoned, and vandalised - but there is a modern detached double garage in good condition courtesy of the insurer. A brave entrepreneur with vision may choose renovation, but a more probable scenario is elimination. To be offered to the market initially as one lot, and if not sold then immediately as two separate titles.
Andrew Swift & Milena Bartlett Parklands
page 10
Sale Price:
( for your reference)
$
12 1636 Christchurch Akaroa Road, Motukarara
PD5025
Race to Motukarara! Race to the plains of Motukarara for an entry-level lifestyle property just 25 minutes from central Christchurch. We offer a generous 6.78 hectare (16.7 acre) parcel with established trees, charming character bungalow and plenty of storage options.
Sale Price:
Caleb Griffioen
( for your reference)
Parklands
$
13 208A Racecourse Road, Upper Riccarton
PI68268
Your First Step on the Real Estate Ladder This renovated painted brick bungalow is a real gem and sits on a sunny landscaped rear TC1 section. Modern kitchen and bathroom areas, fabulous presentation, large entertainers deck, separate studio/rumpus room and zoning for Avonhead Primary & Riccarton High School.
Sale Price:
( for your reference)
AS IS WHERE IS PROPERTIES
Reside Magazine
INVESTMENT PROPERTIES
Pa
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AUCTION!
28 APR 6P
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PROPERTY OPPORTUNITY Y
THE PERFECT OPPORTUNITY TO SELL YOUR PROPERTY!
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Don't miss the Harcourts gold
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Allen Gunn
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FIRST HOMES
page 11
forthcomingauctions Thursday
22 April 2021 476A Greers Road, Bishopdale
3 Korowai Street, Marshland
88 Warden Street, Richmond
3 Steam Wharf Lane, Woolston
53 Derby Street, Merivale
116 Rugby Street, Merivale
2 Serenata Lane, Redcliffs
165A Hoon Hay Road, Hoon Hay
64 Karnak Crescent, Avonhead
Estelle Yang
Mary Turnbull
Cameron Bailey
page 12
Mark O’Loughlin & Pedro Park
Deb Crosby
Caleb Griffioen
Ash & Shar Sutherland Todd
Cameron Bailey & Brendan Hart
Bev & Chantale Johnson
20 Pistacia Place, Wigram
79 Tuckers Road, Casebrook
84 Heaton Street, Merivale
62 Te Rito Street, Marshland
577B Madras Street, St Albans
67 Bordesley Street, Phillipstown
Michelle Fu & Archer Xu
Sharon Trumper
Mark O’Loughlin
Mark O’Loughlin
Cameron Bailey
Graeme Jones
Whang ai a k a tupu, k a pu awai. That which is nurtured, blossoms then grows.
Reside Magazine
page 13
Wednesday
28 April 2021 Parklands Office 26 Hutcheson Street, Sydenham
8A Bray Street , Woolston
148 North Avon Road, Richmond
35A Harrison Street, Mairehau
Caleb Griffioen
Vicki Grace
Sheena Robinson
263 Mount Pleasant Road, Mount Pleasant Caleb Griffioen & Cameron Bailey
Caleb Griffioen
Thursday
29 April 2021 396 Greers Road, Papanui
8A Strowan Road, Strowan
55 Ledbury Drive, Rolleston
7 Orca Lane, Parklands
13 Westholme Street, Strowan
457A Durham Street, St Albans
Mary Turnbull
Rob Ilott
page 14
Leeann Marriott & Phil Jack
Debbie Soper
Ash & Shar Sutherland Todd
Cameron Bailey & Brendan Hart
33 Watford Street, Strowan
12 Joy Street, Shirley
45 Peraki Street, Kaiapoi
386 Papanui Road, Strowan
4 Paparoa Street, Papanui
16 Tinokore Street, Hei Hei
50 Mooray Avenue, Bishopdale
224 Springston Rolleston Rd, Rolleston
24 Shillingford Boulevard, Rolleston
46 Whitburn Avenue, Halswell
15 Woodlau Rise, Huntsbury
Mary Turnbull
Mark O’Loughlin & Jenny Laney
Mark Wang & Lily King
Michelle Fu & Archer Xu
Reside Magazine
Mary Turnbull
Mark O’Loughlin & Jenny Laney
Jack Milligan
Mark O’Loughlin
Michelle Fu
Debbie Soper
Cameron Bailey
page 15
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page 17
latest article BANK OF
Every week in our auction rooms I get to see a huge range of emotions playing out. I’m often very moved by the drama that a competitive process can create for attendees and my heart goes out to them. There are tears about missing a much-wanted but very sought-after property, there’s elation at successfully purchasing, there’s a genuine pride at finally getting on the property ladder and, for some parents, there’s the realisation that without them the purchase would not have been possible. These are tears that I can definitely relate to. It seems more and more parents are seeing withdrawals from the trusty, rusty or even crusty ‘Bank of Mum and Dad’ and as we personally get a little bit nearer to that time ourselves, I thought I’d take a closer look. Obtaining funds from family is not a new phenomenon, but it is a very important one for some first-home buyers – and with lofty deposits often required, it can involve big numbers. It’s essential parents are aware of this and that’s why we will often see parents not just on auction day but throughout the whole process, including open home attendances, and second and third visits. Being part of a very close family, I imagine that I’d want to do this as well and whilst some real estate professionals struggle with large family viewings – and even larger post-visit
page 18
family debates – best you get used to it! During my research, I’ve also discovered that providing funds is not as straightforward as it once was. Originally the main means of assisting were, firstly, contributing to the deposit, to a level the lender was happy with, and, secondly, supplementing additional funds to ensure the debtservicing criteria were met. It’s often referred to as a guarantee. This second method needs to be carefully thought through by parents, as a default by their son or daughter (and much as we don’t like to imagine it, this can happen) could see them shouldering the responsibility for the loan themselves. This can become extremely uncomfortable, especially if they have their own financial commitments and pending retirement. To address this, there have been changes to the legislation deeming that any and all guarantors to a loan need to demonstrate the ability to meet the required loan payments to avoid the worst from happening. As much as we all love our families, if you are considering helping in this particular way it’s essential to get independent advice.
in some cases the market is giving them a robust education in looking at properties that buyers might have had the luxury of excluding in the past. Varied locations, new subdivisions made infinitely more desirable due to improved motorway access, new schools and communities, are all hugely popular. We are also encountering parents looking on behalf of overseas offspring with British Pounds and American Dollars burning a hole in their pockets and those budgets are extraordinary when compared with what was once considered necessary for making a purchase in our local market. So much of what we achieve as human beings relates to how we have helped or been helped by others, and I imagine one day I’ll be in an auction room helping one of our family members make a withdrawal from the trusty bank of Mum and Dad too! So, to all those parents in the same position, well done, without you a whole generation wouldn’t get to enjoy what we thought of as a right – and that’s home ownership.
So, what are these purchasers buying? It seems they are trying everything. First-home buyers with limited budgets are thinking outside the square and
Lynette McFadden
Harcourts gold Business Owner 027 432 0447 lynette.mcfadden@harcourtsgold.co.nz
auction bid record
If you are bidding today
good luck! Reside Magazine
page 19
PAPANUI BRANCH
471 Papanui Road, Papanui ph: (03) 352 6166 e: enquiries.papanui@harcourtsgold.co.nz
INTERNATIONAL DIVISION 471 Papanui Road, Papanui ph: (+64) 3 662 9811 e: 888@harcourtsgold.co.nz
REDWOOD BRANCH
280 Main North Road, Redwood ph: (03) 352 0352 e: enquiries.redwood@harcourtsgold.co.nz
PARKLANDS & NEW BRIGHTON BRANCH
Parklands Mall, Queenspark Drive ph: (03) 383 0406 e: enquiries.parklands@harcourtsgold.co.nz
GOLD PROPERTY MANAGEMENT 473 Papanui Road, Papanui ph: (03) 352 6454 e: gpm@harcourtsgold.co.nz
Gold Real Estate Group LTD Licensed Agent REAA 2008. A member of the Harcourts Group.
0800 buyahome (0800 289 24 663) info@harcourtsgold.co.nz View live online auctions: www.harcourtsgold.co.nz
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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.