OUR EXCLUSIVE PROPERTY MAGAZINE
Issue 193, 9th 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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Important Information
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content Brought Forward (Tuesday, 7th July 2020):
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Latest Article
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Auction Bid Record
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Forthcoming Auctions
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Auction Success Stories
Reside Magazine
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3 Nina Lane, Somerfield 15 Te Kereme Street, Marshland 8 Dow Square, Wigram 5/117 Canon Street, St Albans 6 Briarmont Street, Avondale
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2/55 Garreg Road, Fendalton
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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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Reside Magazine
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PD4867
Brought Forward
SOLD
2/55 Garreg Road, Fendalton You Won’t Believe Your Luck... Generously proportioned and ripe for investors, busy couples or those with a knack for DIY, this original 1970’s property could secure your grasp in a sought-after location. Fully fenced for privacy and shrouded in greenery creates the perfect pocket for you to call your first home. The interior offers light-filled living spaces, heat pump, the option to utilise as a 2 bedroom, 1 living or 1 bedroom and extended living, plus there is an internal access garage with off-street parking. The home has been well maintained over the years, it is set well back from the road and has all key elements when considering buying - good bones, huge potential and a realistic price.
Sale Price:
Vicki Grace
( for your reference)
Parklands
$ 501,000
1 3 Nina Lane, Somerfield
PD4863
As Is, Where Is Here’s one that’s a little outside the typical ‘as is, where is’ box. Our owners have finally concluded a settlement with EQC for unrepaired earthquake damage to the property, which has been assessed at just under $65,000. Having outgrown the home, and not inclined to go through the hassle of managing their own repairs, they’ve elected to simply retain the payout and sell on an uninsured ‘as is, where is’ basis. Located within handy proximity to the Port Hills, Barrington Mall and sought-after schools, this popular family-friendly location certainly underpins the value of your investment here.
Caleb Griffioen Parklands
Sale Price:
( for your reference)
$
2 15 Te Kereme Street, Marshland
PI64446
A Home For All Seasons Walking in the front door you will instantly feel at home in this warm and welcoming property. Our owners have loved their tenure here, but a lifestyle change is planned and they are moving on. This is your opportunity to secure a prime spot with a gorgeous outlook in the very popular Prestons subdivision. The modern kitchen is well appointed and the open plan dining area opens out onto a paved area with a sheltered spot perfect for your morning coffee. A gas fire provides warmth and ambience in the living area and large double doors open out to a cleverly designed outdoor room. The automated blinds turn the covered entertaining area into a fully enclosed space which with the right heating, provides a further living area for year-round use. Leeann Marriott Papanui
page 6
Sale Price:
( for your reference)
$
3 8 Dow Square, Wigram
PI64458
Freehold Section With Consented Plans A wonderful opportunity to purchase this 288 sqm freehold section, in one of the most popular subdivisions in Canterbury. Fantastically positioned the site allows you to take advantage of the already consented plans the current owners have, or design and build your own dream home. Wigram is a fast-growing and thriving community that many want to be part of, the site is close to the Landing, New World Supermarket, shops and medical centre, and walking distance to the reserve.
Sale Price:
Nathan Tamihana & Belinda Dunster
( for your reference)
Papanui
$
4 5/117 Canon Street, St Albans
PD4856
Triple Treat Embrace the lifestyle of easy-care, city fringe living here at 5/117 Canon Street. My owners have absolutely loved living here, however, their growing family now means this sharply presented townhouse is seriously for sale! Given its low-maintenance set up and handy proximity to the city’s ever-changing CBD, we see this offering appealing to young professionals, young first-home buyers and investors alike.
Sale Price:
Caleb Griffioen
( for your reference)
Parklands
$
5 6 Briarmont Street, Avondale
PI64443
Warm, Modern & 4 Car Garaging! This modern single-level home offers easy living with lowmaintenance brick construction and superb flow to fully fenced gardens perfect for family living and entertaining, with the added bonus of newly renovated kitchen and bathrooms. Generously proportioned spaces are beautifully presented to ensure your immediate enjoyment - and a second double garage adds amazing versatility for hobbies, sports or working from home. Lovely open-plan living spaces enjoy great natural light thanks to north-facing orientation and windows to the front and rear. A large separate lounge, warmed by a heat-pump, flows to casual living/ dining, where sliders provide easy access to a spacious outdoor entertaining and BBQ area. Cameron Bailey & Brendan Hart Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 7
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auction success stories
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15 July Wednesday 6pm
gold Rooms gold Auction Auction Rooms 471 Road 471Papanui Papanui Road
A career in real estate with the No.1 Franchise in New Zealand allows you to set your own income and hours, and be mentored for success by the industry's best. Join our leadership team for an evening of information, inspiration and fun.
Reserve your seat today: angela.boyle@harcourtsgold.co.nz or 03 352 6166
Do you own a rental property?
! y s a e t i e k a We m 473 Papanui Road, Papanui • (03) 352 6454 • gpm@harcourtsgold.co.nz
Reside Magazine
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
page 10
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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
Electric Blankets
4
Find an energy efficient electric blanket and look forward to climbing into a warm bed!
Now that windows are closed, keep your whānau safe by checking your smoke alarms.
Reside Magazine
page 11
forthcoming auctions Thursday
16th July 2020 56 Bluestone Drive, Waitikiri
517 Marine Parade, Sth New Brighton
2 Bolero Place, Parklands
88A Memorial Avenue, Ilam
7 Norfolk Street, St Albans
38 Repton Street, Merivale
58 Cox Street, Merivale
62 Bluestone Drive, Waitikiri
52 Glen Oaks Drive, Northwood
Mary Turnbull & Kurt Findlay
Mary Turnbull
Cameron Bailey
106 Conway Street, Somerfield Foss Shanahan
page 12
Chantale Johnson & Bev Johnson
Ash & Shar Sutherland Todd
Tarun Singh & Ankita Thakur
Caleb Griffioen
Cameron Bailey
Chantale Johnson & Bev Johnson
Thursday
23rd July 2020 1 Innisfree Place, Northwood Caleb Griffioen
58 Westpark Drive, Burnside
1/17 Salisbury Street, Central City
Mark O’Loughlin & Pedro Park
Foss Shanahan
2
Air Force Museum
With no entry fee and an amazing collection of impressive aircrafts, this is a family favourite for many people in Christchurch!
Make a Time Capsule
3
Only using things in your home, what can you come up with to create a blast from the past for some years down the line.
1
Get Geocaching
Geocaching is a great way of getting the family outdoors without spending a thing. See geocaching.com to learn more!
Reside Magazine
4
Create a Jigsaw
Wet outside? Bored? Put on a TV show and get cracking on a jigsaw puzzle with the kids! More pieces more fun together!
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.