OUR EXCLUSIVE PROPERTY MAGAZINE
Issue 196, 30th 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.
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gold Leaders
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Auction Team
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Conduct of Auction
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Order of Sale
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gold business owners n oh
McFadd e
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Important Information
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content Brought Forward (Monday, 27th July 2020):
1. 10/285 Lawford Road, West Melton 2. 42 Glencullen Drive, Casebrook
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Latest Article
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Tips for a Comfy Winter
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Auction Bid Record
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Forthcoming Auctions
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gold Top 10
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Auction Success Stories
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3. 207/272 Barbadoes Street, Christchurch Central
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133 Lonsdale Street, New Brighton
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27 Norwood Street, Beckenham
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*No.1 Harcourts Sales Consultant Canterbury (since 2012), Nationally (since 2017) and Internationally (since 2017).
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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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• 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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PI64832
Brought Forward
27 Norwood Street, Beckenham
SOLD
As Is, Where Is The earthquake repairs were completed to the EQC’s satisfaction however subsequent investigations and a re-assessment resulted in the foundations being deemed in need of repair. The owner has now settled the claim and is selling on an uninsured AS IS WHERE IS basis. The home is currently insured until mid August 2020. With our owners on the move after nearly 20 years tenure, we have been given clear instructions, sell our beloved 1900s villa Now! Approx 226sqm villa and garage in liveable condition. Log fire (unconsented), 2 heat pumps, insulation, partial double glazing. 800 sqm - TC2 Land, street frontage 16.61m approx. Lauren & Bill Clemett Papanui
PI64767
Brought Forward
Sale Price:
( for your reference)
$ 598,000
133 Lonsdale Street, New Brighton
SOLD
First Home, Downsizing or Investing! Just moments from the sand and surf, this modern and wellmaintained townhouse offers easy-care living in a great location - so you can focus on enjoying a superb lifestyle! With low-maintenance brick construction and partial double glazing for warmth, together with sunny and spacious outdoor living, this home ticks all the boxes for modern beachside living - all within strolling distance of the beach, hot pools, transport, shop, library and other amenities. North facing open-plan living is sunny and welcoming, with a heatpump for year-round climate control, and flows to dining and a practical kitchen with breakfast bar, dishwasher and well-planned layout. There’s a separate laundry too, along with a good-sized bathroom including separate bath and shower, while two double bedrooms ensure comfortable accommodation. Cameron Bailey & Brendan Hart Papanui
Do you own a rental property?
Sale Price:
( for your reference)
$ 375,000
! y s a e t i e k a m e W 473 Papanui Road, Papanui • (03) 352 6454 • gpm@harcourtsgold.co.nz
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1 10/285 Lawford Road, West Melton
PI64579
Calling All Families With Budding Olympians We have found every sporting families dream! A six hole golf course with bunkers (to test your accuracy) and a flood lit 62 x 42m equestrian arena. In a quiet lane three minutes from West Melton, this substantial family home (built by Kevin Englefield) delivers on all your dreams of country living, with superb facilities. Built by our current owners, it has been thoughtfully developed over the past 22 years and boasts wonderfully established gardens, water features and an orchard all on 6.4 hectares. Situated amongst other quality homes, it is handy to supermarket, cafés and primary school, and just a 15-minute drive to town. Inviting open-plan living is the perfect place for swapping stories after the day’s adventures, while sitting looking out over the magnificent gardens and golf course. Cameron Bailey & Catherine Aitken Papanui
Sale Price:
( for your reference)
$
2 42 Glencullen Drive, Casebrook
PI64594
Solid Architecture - Overlooking Tullet Park This architecturally designed 275sqm Masonry Villa (ex-show home) blends charm with solid, modern construction. Offering a strong and dignified design, full consideration has been given to the home’s build with rendered Hot Blocs chosen for their thermal properties, underfloor heating and living spaces positioned to capture the sun. The result is a fabulous warm home with two spacious sun drenched living areas overlooking Tullet Park. The open plan/ living/dining room offers a wonderful arena for entertaining with it’s pitched roof, huge ranch sliders and second set of double doors to large courtyards, plus a welcoming bay window seating area enjoying views to the park. Sale Price:
Debbie Soper
( for your reference)
Papanui
$
3 207/272 Barbadoes Street, Christchurch Central
RD7772
Developers Cashing Up! This is fantastic buying in the inner city, with CBD and beyond views. Located right in the CBD, neighbouring the new sports stadium and one block from Rydges International Hotel and Latimer Square. So easy and accessible to enjoy an inner-city lifestyle. 207 is a second floor west and south facing - corner apartment. 2 bedroom, 2 bathroom, with a central kitchen and living. A gross size of 83.2sqm, including a 73.7sqm apartment, 9.6sqm balcony. NEW and JUST COMPLETED. Being brand new this apartment is fully double glazed, insulated, and engineered to meet the current building code. Under tile bathroom heating, reverse cycle heat pump, and quality Bosch appliances are included. Mark O’Loughlin & Chris Cullens Redwood
Reside Magazine
Sale Price:
( for your reference)
$
page 7
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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 9
forthcoming auctions 60 Wiggins Street, Sumner Cameron Bailey
Friday
31st August 2020
14 Brookside Terrace, Bryndwr
58 Elizabeth Street, Riccarton
200B Kennedys Bush Rd, Kennedys Bush
39 Bengal Drive, Cashmere
24 East Stream Lane, Northwood
10A Fovant Street, Russley
77 Beechwood Drive, Northwood
92 McMahon Drive, Aidanfield
Sandra O’Brien
Estelle Yang
Thursday
6th August 2020
Cameron Bailey & Brendan Hart
Cameron Bailey
Cameron Bailey
Mary Turnbull & Amanda Barton
Cameron Bailey
Leeann Marriott & Phil Jack
Continues on next page...
page 10
1 Kingsgate Place, Burnside
34A Strowan Road, Strowan
6 Piko & 8 Piko Crescent, Riccarton
95 William Brittan Drive, Halswell
2 Helmores Lane, Merivale
19 Rockport Place, Waitikiri
Leeann Marriott
Deb Crosby
Thursday
6th August 2020 Continued...
8 McFaddens Road, St Albans
Cameron Bailey & Harrison Hopman
Michelle Fu
Lauren Clemett
Thursday
13th August 2020 49 Penrith Avenue, Somerfield Kurt Findlay
Cameron Bailey & Anthony Deyn
Geeta Rose
Continues on next page...
Reside Magazine
page 11
Thursday
13th August 2020
Continued...
1/37 Poynder Avenue, Merivale
2/37 Poynder Avenue, Merivale
159 Northbrook Road, Rangiora
69 Westpark Drive, Burnside
1/58 Andover Street, Merivale
29 Waterstock Way, Waitikiri
221 Cavendish Road, Casebrook
11 Southampton Street, Sydenham
9 Francis Mill Grove, Westmorland
20 Cave Terrace, Redcliffs
19 Cutts Road, Russley
20 Crosby Street, St Albans
Ash & Shar Sutherland Todd
Mark Wang & Danny Liu
Mark O’Loughlin
Cameron Bailey
page 12
Ash & Shar Sutherland Todd
Mark O’Loughlin & Jenny Laney
Mark O’Loughlin
Michelle Fu & Sissi Liu
Shelley Howe
Mary Turnbull & Kurt Findlay
Mary Turnbull & Amanda Barton
Ash & Shar Sutherland Todd
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
Reside Magazine
Lynette McFadden
Harcourts gold Business Owner
page 13
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 14
Electric Blankets Find an energy efficient electric blanket and look forward to climbing into a warm bed!
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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.