OUR EXCLUSIVE PROPERTY MAGAZINE
Issue 194, 16th July 2020
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.
d ol g
content Important Information
page 4
gold Leaders
page 4
Auction Team
page 5
Conduct of Auction
page 5
Order of Sale
page 6 J
owners n oh
McFadd e
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Brought Forward (Tuesday, 14th July 2020):
gold business
1/82 Packe Street, Edgeware 6. 52 Glen Oaks Drive, Northwood
10. 38 Repton Street, Merivale
gold Top 10
page 11
Winter Tips
page 12
Forthcoming Auctions
page 13
Latest Article
page 14
Auction Bid Record
page 15
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Auction Success Stories
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5. 62 Bluestone Drive, Waitikiri
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9. 2 Bolero Place, Parklands
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4. 56 Bluestone Drive, Waitikiri
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8. 88A Memorial Avenue, Fendalton
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3. 106 Conway Street, Somerfield
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7. 58 Cox Street, Merivale
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2. 517 Marine Parade, South New Brighton
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1. 7 Norfolk Street, St Albans
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From 10:00am:
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).
page 3
important gold information leaders a McKenz nn
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How does AML/CFT affect me? New Legislation in the Real Estate Industry
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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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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. Lia
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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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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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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How am I affected by the new legislation?
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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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Sales
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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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page 5
RD7761
Brought Forward
1/82 Packe Street, Edgeware
SOLD
Health & Family Dictate Sale An intelligent configuration, affordability and modern comforts contribute considerable appeal to this two-bedroom townhouse which promotes a low-maintenance lifestyle near the city-fringe. The vendor has gained a superb reputation for creating quality homes within the greater St Albans area, and this tenanted townhouse is no exception. Positioned within a boutique block of four this front townhouse embraces everyday ease courtesy of a lower level living zone and an ideal north-facing aspect. Both bedrooms are accompanied by en suites to offer the ultimate convenience, and double glazing, an internal access garage and a ground floor toilet represent further advantages. Mark O’Loughlin & Jenny Laney Redwood
Do you own a rental property?
Sale Price:
( for your reference)
$ 410,000
! y s a e t i e k a We m 473 Papanui Road, Papanui • (03) 352 6454 • gpm@harcourtsgold.co.nz
1 7 Norfolk Street, St Albans
PI64544
Picturesque, Renovated Bungalow This stunning freshly renovated 1950’s bungalow, oozes charm with its polished wooden floors and greets you with space and light. Boasting three bedrooms and a large family bathroom, the time and love spent on attention to details is clearly evident here. There is a brand new kitchen and open plan dining/living area, perfect for all home chefs and ideal for catching up with family and friends. Comfort and warmth are guaranteed all year round with a gas fire and heat pump. This easy care North West facing home and garden offers privacy with a large deck providing plenty of options for entertaining. All EQC works have been completed plus further value added for your benefit. Ash & Shar Sutherland Todd Papanui
page 6
Sale Price:
( for your reference)
$
2 517 Marine Parade, South New Brighton
PD4859
Book the Movers - You Have Found It! Immaculate rebuild – 2013. Tenure speaks volumes, the current owners of this property have resided on this parcel of land for over 30 years but the time has come to now pass the baton. On offer – a lovely home and garden with elevated views. Modern and spacious with all the creature comforts – just move in and enjoy. Located in South New Brighton with Pegasus Bay and kilometres of beautiful beach at the door step. In zone for sought after schools, with easy access to the popular new Te Puna Taimoana hot pools just down the road.
Chantale & Bev Johnson Parklands
Sale Price:
( for your reference)
$
3 106 Conway Street, Somerfield
PI64625
A Honey for the Money! How do you get this much house, in an area like this for such good value? Well don’t look a gift horse in the mouth - get on with it and be proactive - not reactive. The current owner who has been here for 15 years is down sizing and has all ready found their next home meaning there is a laser like focus on getting sold. The home has four bedrooms which is configured as three in the house , master with ensuite and a sun room. Then there is a fourth bedroom off the garage which is consented and makes for the perfect teenagers retreat or a separate games room. Sale Price:
Foss Shanahan
( for your reference)
Papanui
$
4 56 Bluestone Drive, Waitikiri
PI64483
A Rock-Solid Address! A modern family miracle just waiting to be experienced, this largerthan-life sun-kissed sanctuary (331m2) will certainly sweep you off your feet. Backing onto the beautiful Waitikiri golf course with big proportions, blissful grounds and the best views of the fairway, the sumptuous living and resort-like garden promises a new level of family luxury. Nestled on a private 813m2 section and surrounded by park-like tranquillity, this immaculate contemporary has three modern bathrooms to compliment four generous double bedrooms, including an exceptional master with an ensuite, walk-in wardrobe and access to your own balcony!
Mary Turnbull & Kurt Findlay Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 7
5 62 Bluestone Drive, Waitikiri
RD7767
Our Dream Relinquished in Favour of Yours! In Real Estate, location always matters and the beautiful Waitikiri area is certainly no exception! Positioned on an elevated 738sqm lot, it is right in the heart of some of the area’s most stunning homes. Also close at hand is a park, ideal for the kids to kick a ball around, your choice of two golf courses and of course, our famous Bottle Lake Forest; ideal if you love off-road biking or just walking through the myriad of tracks which criss-cross throughout the forest, reaching right out to the beach. The new Preston’s shopping precinct and supermarket are close by, as is the brand new Marshland primary school, making life convenient for the lucky families who reside here. Tarun Singh & Ankita Thakur Redwood
Sale Price:
( for your reference)
$
6 52 Glen Oaks Drive, Northwood
PD4865
Don’tJust Dream It - Live It! This graciously appointed property has to be seen to be experienced. Beautifully designed to allow for indoor to outdoor access from almost any part of the home, the feeling of space and comfort would be difficult to find anywhere else. This property has a layout that will enable many different family situations to live comfortably without compromising on style or space. Situated on a corner site with private established gardens makes entertaining a dream. On offer at this property are 5 bedrooms - two of which are master suites - a large family bathroom, a powder room and open plan living, kitchen and dining with a further formal living room. You cannot disguise the amount of floor area available here. Chantale & Bev Johnson Parklands
Sale Price:
( for your reference)
$
7 58 Cox Street, Merivale
PI64554
Urban Luxe: Brand-New Architectural Home A stones throw to Merivale Village, in a street sought-after for its ‘quiet yet convenient’ appeal and surrounded by high-calibre homes, this stunning brand-new 190m2 home with freehold title offers an urban lifestyle in uncompromising luxury. Thoughtfully designed by Bespoke Architecture, it boasts sun-drenched living and easy flow to landscaped outdoor spaces on easy-care 259 sqm grounds, perfect for busy modern lives or a lock and leave. The open-plan living is warm and inviting, with in-slab hydronic underfloor heating (heat-pump) and the ambience of an Escea gas fire. Doors can be pushed back to seamlessly connect two separate outdoor entertaining spaces - a tiled courtyard to the north and decking to the west. Cameron Bailey Papanui
page 8
Sale Price:
( for your reference)
$
8 88A Memorial Avenue, Fendalton
PI64526
Sun, Style & Single-Level! A crystal-clear winner when it comes to the five family must-haves - position, privacy, space, sun and schooling - this exceptional renovated executive home has all the amenities on your doorstep yet retains its air of tranquillity. Trust us, this modernised family base on Memorial Ave is one to remember. Set back from the road on a beautifully private rear 759m2 section, this spacious single-level property has been renovated to a premium standard. Inside, four generous double bedrooms all with built-in wardrobes, plus two modern bathrooms including an en suite will easily accommodate the whole family comfortably, while multiple living areas with effortless interconnection give you the flexible communal spaces desired of family homes. Mary Turnbull Papanui
Sale Price:
( for your reference)
$
9 2 Bolero Place, Parklands
PD4858
Tickets Booked and Bags Packed! With our owners moving overseas, clear instructions have been issued to sell on or before auction day. Our offering at 2 Bolero Place provides a winning combination of lifestyle, exceptional presentation and affordability that is sure to impress. Recreationalists and lifestylers will love this home’s handy proximity to the Travis Wetlands, Waimairi Beach, Bottle Lake Forest and the new QEII Sport and Recreation Centre. Easy access to key arterial routes ensure you’re within an easy commute to the CBD.
Caleb Griffioen Parklands
Sale Price:
( for your reference)
$
10 38 Repton Street, Merivale
PI64563
The House That Don Designed... This very special home designed by Don Donnithorne is packed with character and architectural features, making it an immensely exciting candidate for a renovation project in a blue-chip location. Set on an easy-care 400 sqm section in the heart of Merivale, it’s just a short stroll to the village or a three-minute drive to Victoria Street or Hagley Park, while zoning for your pick of schools - Elmwood School, Heaton, Burnside High, Boys’ High, Girls’ High - ensures wide appeal. Cedar construction and pitched rooflines lend distinctive character to the exterior, but inside the architectural feel of this home comes into its own, with a series of visually interesting spaces, several making full use of the roofline with vaulted ceilings and exposed beams. Cameron Bailey Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 9
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When your brand includes the top Harcourts office out of 900 around the world in addition to the top franchise in New Zealand for income per sales consultant, it’s clear that you’ve got an extraordinary team.
10
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So for these consultants to earn the position of one of the top ten real estate sales consultants at Harcourts gold is truly a remarkable achievement. They are phenomenally good at what they do; skilled, highly trained and dedicated to delivering exceptional results for property owners. I am extremely proud to work with these real estate professionals.
John McFadden
Harcourts gold Business Owner
Reside Magazine
page 11
Let the sun in TIP
1
TIP
3
As the sun sets earlier, there is less opportunity to get natural sunlight so get it while you can.
Clear Gutters Clogged gutters can lead to water damage, it’s best to make sure they’re functioning well before the rainy season!
TIP
Draft Stoppers
2
Have unsealed doors and windows that let warm air escape? Try out a draft stopper or be creative and make one at home!
TIP TIP
5
Smoke Alarms
Now that windows are closed, keep your whānau safe by checking your smoke alarms.
page 12
Electric Blankets Find an energy efficient electric blanket and look forward to climbing into a warm bed!
4
forthcoming auctions Thursday
23rd July 2020 1 Innisfree Place, Northwood Caleb Griffioen
58 Westpark Drive, Burnside
1/17 Salisbury Street, Central City
42 Glencullen Drive, Casebrook
10/285 Lawford Road, West Melton
Mark O’Loughlin & Pedro Park
Foss Shanahan
Thursday
30th July 2020 20 Crosby Street, St Albans Ash & Shar Sutherland Todd
Debbie Soper
Cameron Bailey & Catherine Aitken
207/272 Barbadoes Street, Christchurch City Mark O’Loughlin & Chris Cullens
Reside Magazine
page 13
latest article
Here we are in July and the world for many of us continues to offer both significant challenges and unexpected opportunities. It’s relevant to note that one of the biggest questions ( for myself included) is: which of these challenges or opportunities should I truly focus on and which should I leave behind?
Can you envisage the future? Are you like me and astounded at the choices – and at the constant rhetoric about the economy and our community – or are you one for just moving forward anyway? Remaining pragmatic and purposeful in a sea of uncertainty. At an industry level, and being collaborative by nature, I’m intuitively choosing the latter: to work hard within the current marketplace. And, to be fair, there’s plenty to work with. Here are some of the themes I’m noticing.
It’s busy out there. Yes, it is. It may not stay that way, but at this point in time there’s a massive push from buyers to be settled and that demand is creating some very strong results, especially in the auction rooms. Three properties that went to auction at Harcourts gold over a recent ten-day period stand out: 3 Ashdale Lane – 6 bidders and sold for $1,505,000 506 Ilam Road – 2 bidders, “on the market” (selling) at $1,050,000 and additional bidding saw it sell for $1,143,000 7 Wherstead Road – 3 bidders, “on the market” (selling) at $340,000 and sold for $460,000 The position of property owners in all of this is interesting. At a time when many are choosing to wait-out the post-COVID19-lockdown world, the shortage of properties available for sale (usually referred to in our industry as ‘stock’, a term I use for soup rather than property!) means those actually on the market are getting excellent prices based on scarcity. Markets universally work this way and to those securing the benefits of that, well done.
most of carefully accumulated savings. Purchasing property is high on the list, in fact, it’s at the top and this is fuelling interest in both new homes in outlying locations and character properties in well-regarded areas (think good schools close by). This is proving a positive in so many ways: earlier access to the property ladder for buyers and large open home attendance numbers for sellers.
“I’ve got to get some investments.” Yes, at the other end of the property spectrum are those that are wondering and, in some cases, worrying about their retirement futures and therefore looking to supplement their KiwiSaver with additional rental income. Buoyed by enticing lending rates and disappointed with the corresponding extremely low interest rates for savings, these are active, educated and cautious purchasers. If you are a member of this group, work with a consultant who understands your requirements, appetite for risk and timeframes. Better still, work with someone who actually has investment property (for obvious reasons). Now, the last of the trends and perhaps the most important.
Expectation Many of us have come out of lockdown with a new set of values and thoughts. I’m noticing that people are genuinely trying to be kinder and more connected. Coupled with this is a requirement for more: more service; more value; and not just occasionally but every time. It’s a time for being customer/client-obsessed – and adaptive. So, are you up to it? Are these the challenges and changes you’ve been noticing? Remember, it’s all part of a bigger set of opportunities that everyone and every industry can take part in. I’m definitely up for it and here’s a good luck wish if you are too! Stay warm this winter.
“I’m not traveling, so I’m definitely buying.” That’s right, a whole new demographic – mostly would-be firsthome buyers who had planned to travel or to take up lengthy overseas working adventures – is now determined to make the
page 14
Lynette McFadden
Harcourts gold Business Owner
auction bid record
If you are bidding today
good luck! Reside Magazine
page 15
Papanui 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
International Division
471 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 ph: (+64) 3 662 9811 fax: (03) 352 1322 e: 888@harcourtsgold.co.nz
Gold Property Management 473 Papanui Road, Papanui PO Box 5400, Papanui, 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
Parklands & New Brighton 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
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.homes4sale.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.