Issue 246, 12th Aug 2021
our vision
d g 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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Auction Information
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Today’s Order of Sale
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from 8) 14 Shearer Avenue 11:00am
9) 593 Madras Street Bu
Latest Article: OMG! It’s the OCR!
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= Brought Forward
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Auction Success Stories
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Emerging House Trends 2021
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Gold Property Management
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Recruitment
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Forthcoming Auctions
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5) 12/27 Cornwall Street
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10) 1/24 Radnor Street
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6) 45 Banbury Street
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3) 5 Claremont Avenue
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2) 72 Cranford Street BF
7) 103A Waimairi Road
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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).
residemagazine
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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 you have any questions, please do not hesitate to contact your salesperson or their Manager.
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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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Office
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.
t i v e Ma n a g
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How am I affected by the new legislation? 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.
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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.
Ex
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auction team
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Conduct of Auction • 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.
Auctioneer
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• The auctioneer may nominate the sum by which the bidding can be raised.
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• 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.
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• 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. • 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.
Au
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This is an extract from the contract so please refer to the complete terms as supplied.
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1 44 Perry Street, Papanui
BROUGHT FORWARD
Perry Perfect Character, charm, and great living spaces identify this home as one to strongly consider. Retaining character features such as leadlight windows, wood panelling and a high stud makes the rooms wonderfully light filled. Perfect for a family, downsizers, or professionals, there is the potential to personalise the design layout of this home with regard to living options. Enjoy the additional benefit of three heat pumps and an upgraded studio room, ideal as a work from home option or teenage retreat.
Sale Price:
Ash & Shar Sutherland Todd
( for your reference)
Papanui
$
2 72 Cranford Street, St Albans
BROUGHT FORWARD
Affordable Saint Albans Abode! The sleek renovations and earthy style bring an exceptional level of satisfaction to this character home, which showcases modern style in this popular and ever growing suburb. School zones? This home has it all covered. Positioned for Heaton, St Albans, Christchurch Boys and Christchurch Girls High. Ready for you to enjoy, the home has been gorgeously upgraded head to toe. It’s clear time and care has gone into every corner, from the living and bedrooms through to the brand new kitchen and laundry.
Sale Price:
Jessica Downey & Deb Crosby
( for your reference)
Papanui
e
AUCTION!
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PA R K L A N D Sa r p
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PROPERTY OPPORTUNITY Y
OF
Pa
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LAST EASTSIDE BONANZA EVENT!
Don't miss the Harcourts gold
FIC E
2 SEPT 4P
100% SOLD FROM OUR
Ma
l l, Q u e e n s
AS IS WHERE IS PROPERTIES
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$
INVESTMENT PROPERTIES
FIRST HOMES
3 5 Claremont Avenue, Papanui Cool, Calm & Captivating! Offering privacy and pizazz in an enviable position, this recently renovated, picture-perfect bungalow effortlessly merges the charm of yesteryear with the cool, calm aesthetic of today. With a sunny, sanctuary-like 632m² section plus shops and schools nearby, be quick if you want to catch Claremont!
Sale Price:
Mary Turnbull
( for your reference)
Papanui
$
4 141 Woodham Road, Avonside Oodles of Options! “As Is” Renovate, detonate, landbank, develop, live in ... or with a little bit of compliance work, rent out. This generously sized 3-bedroom bungalow has two living areas, a galley kitchen, separate laundry, and a spacious yard with on-site parking. The EQ repairs to the dwelling were completed under Fletchers managed repair programme and subsequently found to be defective. Deferred maintenance over the years leaves opportunity for those looking for a renovation project or to add value.
Sale Price:
Andrew Swift & Milena Bartlett
( for your reference)
Parklands
$
5 12/27 Cornwall Street, St Albans That 70’s Style! You can’t beat that 70’s architectural feel. Cornwall Gardens and in particular Unit 12, have the 70’s style complemented by modern upgrades to give you the comfort and convenience you would expect in a modern home. This easy-care home offers 3 bedrooms upstairs with a modern bathroom featuring a bath and separate shower plus a separate toilet. Two of the bedrooms face north west and have built in robes. The third bedroom is a single, perfect for a child or as a study.
Margaret Danzer Redwood
residemagazine
Sale Price:
( for your reference)
$
page 7
6 45 Banbury Street, Burnside Corner Site - Corner Gains Situated on an expansive 769m² section providing space, off-street parking for additional vehicles, boat or trailer as well as a mancave at the rear of the garaging, this is a property that has a lot of upside on offer. Constructed of summerhill stone with the kitchen sitting open plan to the dining room which seamlessly blends with the outdoor northfacing deck allowing summer enjoyment amidst a secure section.
Sale Price:
Sandra O’Brien
( for your reference)
Papanui
$
7 103A Waimairi Road, Ilam Super Location, Super Home Just opposite to University of Canterbury and the College House of Canterbury University, zoned for Avondhead Primary, Ilam School and Riccarton High, this massive family home of 5 bedrooms and two bathrooms sitting on freehold TC1 land of 869 m2 approx is in the heart of an education hub that paves the perfect plan for a family from their education needs from primary to university. It is a superb choice of investment with high returns with such size and brilliant location.
Lu Ding & Michelle Fu Papanui
Sale Price:
( for your reference)
$
8 14 Shearer Avenue, Papanui Possibilities Aplenty -718m2 Of RMD Land! What a find! Positioned in the heart of Papanui just a stroll from schools and Northlands Mall, this functional 1950’s bungalow occupies the front part of a private 718m² section, offering up an outstanding opportunity to add a sleep-out or even potentially subdivide to generate an extra income. With privacy, sun and so many possibilities, we expect plenty of people to flock to Shearer!
Mary Turnbull Papanui
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Sale Price:
( for your reference)
$
9 593 Madras Street, St Albans Sensationally Single Storey! This fabulous home has undergone a transformation taking it from its former glory to its current extraordinary. Beautifully renovated to offer incomparable easy living without compromising on style. Conveniently located within walking distance to St Albans Park with great facilities for families and strolling distance to Edgeware Village, you are also less than 8 minutes’ drive to the heart of the CBD, so your carbon footprint could get an instant downsize as you walk, bike or scooter around town.
Sale Price:
Cameron Bailey
( for your reference)
Papanui
$
10 1/24 Radnor Street, St Albans Last Sold for $30,000 in 1981 Underpinned by the Girls and Boys School zones, Heaton Intermediate plus St Albans Primary, you may ask “where is Radnor St”?. Located near Abberley Park and Edgeware Village, this quaint street is ideal for the person who wants ease of access to buses, shops and services yet not be on an arterial road. Built in the 1970s, I can see why the family purchased the front north facing townhouse. A home that is nicely sited with a tidy yard and garden and fully fenced for the pets or the grandkids.
Mark O’Loughlin & Jenny Laney Redwood
Sale Price:
( for your reference)
$
11 3 Timberlands Terrace, Marshland Location, Convenience, Lifestyle This stunning architectural home in ever-popular Waitikiri subdivision features Oamaru stone and cedar, built by award winning builder Clive Barrington, offers the perfect blend of contemporary quality and comfortable living. Set on 638sqm, stunning outlook from the living area, and surrounded by equally substantial homes, it is just moments to Waitikiri Golf Club and Bottle Lake Forest. A supermarket, pharmacy and cafes are just a few minutes away and with Waimairi Beach and Taiora: QEII Recreation and Sport Centre also nearby, this is a desirable neighbourhood to call home.
Cameron Bailey & Brendan Hart Papanui
residemagazine
Sale Price:
( for your reference)
$
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forthcomingauctions Thursday
19 August 2021 2 Barossa Lane, Hoon Hay
133 Ravensdale Rise, Westermorland
39 Hamill Road, Halswell
80B Hinau Street, Fendalton
298A Hoon Hay Road, Hoon Hay
107 Racecourse Road, Sockburn
339 Withells Road, Avonhead
273 Worcester Street, Christchurch Central
29 Garden Road, Merivale
Sandra O’Brien
Estelle Yang
Christeen Flynn
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Michelle Fu
Cameron Bailey & Brendan Hart
Cameron Bailey & Catherine Aitken
Sandra O’Brien
Cameron Bailey
Cameron Bailey
23 Howe Street, New Brighton
30 Lees Road, Strowan
23 Westlake Drive, Halswell
9 Soberton Street, Aranui
21 Beamsgate Road, Halswell
8 Country Place, Burwood
Andrew Swift & Milena Bartlett
Allen Gunn & Kelly Shackleton
Deb Crosby
Xi Wang & Michelle Fu
Michelle Fu & Qing Yang
Andrew Swift & Milena Bartlett
29 Glencoe Street, Burnside Mark Wang & Yuting Yin
residemagazine
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Thursday
26 August 2021 2/333 Waimairi Road, Ilam
1/310 Memorial Avenue, Burnside
2/13 Abberley Crescent, St Albans
42 Browns Road, Merivale
16A St Albans Street, St Albans
11 Westmere Mews, West Melton
126 Bibiana Street, Aidenfield
64 Perry Street, Papanui
53 Mersey Street, St Albans
16 Bounty Street, Bryndwr
40 Farquhars Road, Redwood
13 Picadilly Avenue, Casebrook
Estelle Yang
Cameron Bailey
Cameron Bailey
Harrison Joseph
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Christeen Flynn
Ash & Shar Sutherland Todd
Cameron Bailey
Cameron Bailey
Jack Milligan
Cameron Bailey
Harrison Joseph
Debbie Soper
34 Jacobs Street, St Albans Ash & Shar Sutherland Todd
7 Taggart Place, Sockburn
32 O’Briens Road, Sockburn
Michelle Fu
Join the best
Simon Watson
in the business!
Are you curious about a career in real estate? Register to join Harcourts gold business owner, Lynette McFadden and special guests at the wildly popular Career for Success Seminar.
Career for Success Seminar
24th August 6:00pm 471 Papanui Road RSVP
by 20th August Angela 03 352 6166 angela.boyle@harcourtsgold.co.nz or online
www.harcourtsgold.co.nz
residemagazine
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DO YOU OWN A
RENTAL
PROPERTY?
t i e k a m We sy!
WHY
ea
OUR
CHOOSE US
SERVICES
Owning a rental or a portfolio of investment properties doesn’t have to be complicated. The team at Gold Property Management are here to help make owning an investment property easy. Experienced in the real estate industry and dedicated to providing a high level of service, our property managers take on the hard work so you don’t have to. From selecting the right tenants to rent collection, inspections and maintenance - we’ve got you covered.
Tenant Selection
Rental Statements Maintaining Your Property Inspections
With in depth knowledge of the Residential Tenancies Act and regular training and analysis of the Christchurch rental market, we work hard to maximise your returns and protect your most valuable asset. We can also prepare you a rental appraisal of your property free of charge to reveal the likely rental price range for your property. Contact the team at Gold Property Management to find out what we can do for you.
Jackie Youngman Manager
Ngaire Baker
Business Development Manager
Stacey Penter
Property Manager
Rent Payments Maximising Your Return
Steph Switala
Property Manager
GET IN
Nicole Hamilton Property Manager
TOUCH Arlene Guinan
Property Manager
page 14
Claudia Mills
Tenancy Manager
Harriet Ledger
Office Administrator
Katie Luckman
Property Manager
473 Papanui Road, Papanui P (03) 352 6454 E gpm@harcourtsgold.co.nz www.harcourtsgold.co.nz
01 Home Offices Working from home due to Covid-19 has elevated the importance of a space to do the work. Buyers are now looking for dedicated home offices or a place in the home where they can have the full set-up.
02 Outdoor Living Outdoor living areas have taken on renewed importance thanks to the Covid-19 lockdowns. Many are now seeking to carve out their own private outdoor space - such as a balcony, patio or garden.
03 Kitchens During lockdown, with most restaurants unable to open, it has lead to a renewed enthusiasm for cooking. A well-designed kitchen has now become a high priority for many when looking to purchase property.
residemagazine
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Explanation of terms
BROUGHT FORWARD If a vendor accepts a pre-auction offer, the auction may be “brought forward” and the preauction offer will be the first bid at the auction.
ON THE MARKET AT When bidding reaches an acceptable price and the vendor is ready to sell the property at that price, it is said to be “on the market”.
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residemagazine
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latest ! G OM it's The
OCR!
I’ve found that where property goes, speculation soon follows, and the current climate of speculation focuses on the likely effect of an imminent increase in interest rates. There’s also the daily trumpeting of spectacular sales figures, an extraordinary demand for new housing and the implications of property tax changes. It’s a busy platform with opinions aplenty and one where the uninitiated and poorly informed can easily lose their way. Let’s start and stop with the interest rates. Not that long ago, economists were signalling a potential interest hike. The word ‘potential’ is a lovely thing for an optimist and given some of the sales prices I’m observing, a lot of people are treating this as unlikely. But it is. It’s very likely, in fact. I’ve read that there’s a 90% chance the Reserve Bank will raise the O.C.R. For those of you unsure of exactly what that means, here’s an absolute layman’s explanation. The O.C.R. was introduced in March 1999 and is reviewed seven times a year. The next scheduled review is August 18th. It influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the levels of economic activity and controlling inflation.
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As a result, market interest rates are generally held around the Reserve Bank’s O.C.R. level. When increases occur, there can be a reluctance to spend on goods and services, and there’s a stronger incentive to save. It also follows that those with mortgages may experience higher interest rates. So, if you’re currently looking to buy, really work hard on your servicing calculation to avoid stress and talk to a mortgage expert (which I’m not) about possibly fixing. Having been brought-up in the times of 20% plus interest rates, however, I feel that we are still very lucky. In the meantime, everything you’re hearing about some fantastic sales results is true, tied closely to a reduced number of available properties and a strong drive from Kiwis in other parts of New Zealand, occasionally buying sight unseen. The reason being that Christchurch values are low compared to the buyers’ own cities. Spring is close, bank announcements even closer, and all of this could change as it does over time, but hopefully this has added a little more knowledge to current property rhetoric. Happy house hunting.
Lynette McFadden
Harcourts gold Business Owner 027 432 0447 lynette.mcfadden@harcourtsgold.co.nz
auction bid record
If you are bidding today
good luck! residemagazine
page 19
PAPANUI BRANCH
471 Papanui Road, Papanui (03) 352 6166 enquiries.papanui@harcourtsgold.co.nz
INTERNATIONAL DIVISION 471 Papanui Road, Papanui (+64) 3 662 9811 888@harcourtsgold.co.nz
REDWOOD BRANCH
280 Main North Road, Redwood (03) 352 0352 enquiries.redwood@harcourtsgold.co.nz
PARKLANDS & NEW BRIGHTON BRANCH
Parklands Mall, Queenspark Drive (03) 383 0406 enquiries.parklands@harcourtsgold.co.nz
GOLD PROPERTY MANAGEMENT 473 Papanui Road, Papanui (03) 352 6454 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.