reside magazine Issue 210, 5th November 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 page 2
content page 4
gold Leaders & Auction Team
page 4
Conduct of Auction
page 5
Order of Sale
page 6
gold business owners n oh
McFadd e
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Important Information
Brought Forward 190 Idris Road (3 November)
page 12
Latest Article
page 14
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Reside Magazine
Tu We Th Fr Sa Su 1 3 4 5 6 7 8 10 11 12 13 14 15 17 18 19 20 21 22 24 25 26 27 28 29
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Forthcoming Auctions
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page 11
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Auction Success Stories
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12) 9 Seaward Street
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6) 231 Wolfes Road
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11) 27A Rata Street
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5) 1/193 Kilmore Street
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10) 16 Harrys Way
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4) 54 Dublin Street
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9) 16 Marriner Street
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3) 31 Dormer Street
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8) 385 Sawyers Arms Road
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2) 57A Cashmere Road
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7) 55 Staveley Street
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1) 22 Ruby Avenue
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2A Wildberry Street (3 November) From 10:00am
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26 Birchgrove Gardens (3 November)
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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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page 4
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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
PI65997
Brought Forward
SOLD
190 Idris Road, Strowan Your Private ‘Peace’ Of Strowan! You’ll love this charming 1950’s weatherboard home, tucked away on this secluded rear section, exuding the character of its era along with all the modern conveniences of today after extensive refurbishment. Four bedrooms plus an office / 5th bedroom are well supported with the two separate tiled bathrooms (one up, one down). The family room is a blend of all everyday family necessities with an open plan kitchen ( breakfast bar with granite benches), dining and sitting area, along with a built in office.
Sale Price:
Debbie Soper
( for your reference)
Papanui
PI65955
Brought Forward
SOLD
$ 955,000
26 Birchgrove Gardens, Mairehau A Beauty On Birchgrove! With our owners on the move, a wonderful opportunity has arisen to purchase this lovely family home in the delightful Birchgrove Gardens. Standing proud in a private, tree lined cul de sac, the features and benefits of this property offers effortless living and entertaining options for modern day families. The outside area is beautifully landscaped with ample space for the kids and pets. Situated in a sought-after location, this home is within close proximity to The Palms Shopping Centre.
Sale Price:
Ash Sutherland Todd & Miranda Laney
( for your reference)
Papanui
PI66263
Brought Forward
SOLD
$ 656,000
2A Wildberry Street, Woolston Life + Style This chic modern home (built 2006) is perfect for first home buyers or investors. Boasting timeless brick construction and double glazing for easy-care comfort that leaves you more time to enjoy the exciting lifestyle on offer here! Five minutes’ drive will have you on the edge of the CBD or at renowned boutique breweries and pubs in Ferry Road and The Tannery - or, in less than 10 minutes, you can be at the foot of the Port Hills.
Cameron Bailey & Brendan Hart Papanui
page 6
Sale Price:
( for your reference)
$ 500,000
1 22 Ruby Avenue, Northwood
PI65892
A Real Gem On Ruby! Keen to swap the hustle and bustle of city life for the fresh air and open spaces of suburbia? Set a new standard of living with this magnificent 282m2 contemporary home! An impressive architectural delight with a sought after Hampton Grange address offers grand living, fab proportions and a sanctuary of a garden this precious gem on Ruby Avenue shines brighter than the rest. Designed by Paul Foley and built by John Creighton Builders in 2006, this stunning contemporary doesn’t compromise on style or space.
Sale Price:
Mary Turnbull
( for your reference)
Papanui
$
2 57A Cashmere Road, Cashmere
PI65553
Time to Pass the Baton! Homes such as this seldom come to the market in one of Christchurch’s sought after neighbourhoods. Our current vendors having lived at this address for 26 years, this original character is a classic, ready and waiting for a new owner to renovate and modernise. Set back from the road with views towards the city and mountains, the large section is well maintained and offers privacy and a leafy outlook. With four bedrooms and two bathrooms split over the two levels, the layout presents fantastic options for busy families.
Graeme Jones & Leeann Marriott Papanui
Sale Price:
( for your reference)
$
3 31 Dormer Street, Papanui
PI65968
Owners Are Already in Marlborough Private and secure rear section with a north west aspect off a beautiful tree lined street. A short school run on foot to Paparoa Street Primary, not much further to St Andrews, local shops and parks. Benefiting from a full renovation, reclad and reinvigoration in 2017 Dormer is ready for you and yours to immediately make it home. Four generous sized bedrooms with built in wardrobes including master with en suite. Two additional bathrooms serve the rest of the home including one on the ground floor.
Ben Deans Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 7
4 54 Dublin Street, Lyttelton
PI66294
“As Is” - Don’t Look a Gift Horse in the Mouth Your eyes are not deceiving you - this is for real!! The property was completed in 2012 with the Code of compliance issued and the problem is not necessarily relating to earthquake damage. All is completely fixable but the owner is not currently in a position to deal with it himself. The owner is categorically heading in a new direction and has given me the clearest instructions I have had in a long time!! The home captures all that is magical about Lyttleton with harbour views, modern construction and style in spades, but putting that aside, this house is something special that is not often seen in this harbour side setting.
Sale Price:
Foss Shanahan
( for your reference)
Papanui
$
5 1/193 Kilmore Street, Christchurch Central
RD7831
No Tourists, Need Sold Tourism has affected our clients business and a sale is required ASAP for this wonderful stand alone 3 bedroom 2 bathroom home in the central city. Constructed in 2016 and designed by esteemed architect Don Donnithorne, this property immediately impresses with its threestorey arrangement, striking appearance and magnificent floor to ceiling windows. The ground floor bedroom is an exceptionally versatile and secure space with separate entrance and an in-built sink ensuring it would be well-suited as guest accommodation or a home office which it has been utilised as to date.
Jenny Laney & Mark O’Loughlin Redwood
Sale Price:
( for your reference)
$
6 231 Wolfes Road, Springston
PI65775
An Exceptional Estate Grand proportions and exquisite appointments set this colossal lifestyle property apart and will attract buyers seeking luxurious style with individual flair. Set upon a mammoth rural block that covers 25.649 hectares; this substantial five-bedroom residence impresses on every level, with enchanting river sand block construction and magnificent gardens magnetising you upon arrival. Impeccable styling is employed throughout the two-level layout with timeless fireplaces, heart rimu timber and chequerboard flooring contributing character and charisma.
Kathryn Picton-Warlow Papanui
page 8
Sale Price:
( for your reference)
$
7 55 Staveley Street, Avonhead
PI65973
Could it Get Any Simpler? This beautifully presented property offers sun drenched living areas with great indoor/outdoor flow and easy-care grounds. A generously sized kitchen and dining area rolls seamlessly round to the living room, with the master bedroom on the ground floor complete with W.I.R and en suite. Upstairs offers a further three double bedrooms plus a dedicated study area providing easy function for all the family. Conveniently located to the nearby Avonhead Mall, schools and local parks.
Foss Shanahan Papanui
Sale Price:
( for your reference)
$
8 385 Sawyers Arms Road, Harewood
PI65898
Family Home or Development Site This extraordinary home offers generous living and accommodation set in superb 2,610 square metre grounds on two titles and across three lots, all at the convenience of an urban location just moments from amenities. Robust brick and plaster construction, and a practical layout, ensure this well-maintained but semi-original home would be an exciting candidate for transformation into a sleek contemporary home. Living areas include open-plan dining, sitting area and kitchen, wrapping around a glass-roofed sun room. French doors open to the sheltered rear garden with in-ground swimming pool and a large terrace for summertime entertaining.
Cameron Bailey Papanui
Sale Price:
( for your reference)
$
9 16 Marriner Street, Sumner
RD7832
Beach Boys Surfs Up The Sumner beach and the brilliance that is Sumner opens before you as you may be the proud owner of this exciting and very cool 2005 built 388sqm home. With an RV of only $1.6 million this is a property that could not be built at this value. 16 Marriner is without a doubt a property that has pride of position and is a trophy property within the inner sanctuary of Sumner. The beach hums with shops, cafes, gelato, pizza, surf shops, walking and bike trails and multiple events; this is why Sumner is the place to enjoy a lifestyle.
Mark O’Loughlin Redwood
Reside Magazine
Sale Price:
( for your reference)
$
page 9
10 16 Harrys Way, Redwood
PI65869
The ‘WOW’ You’ve Been Looking For! Every now and then you meet a home that you step into and say ‘wow’ and this plaster over Eco-Panel home is one of those homes! High gloss tiles meet you in the welcoming entrance and hint to the clean light lines and quality of the home you’re about to discover. Lovely light interconnecting living areas with a centrally placed kitchen and dining area seamlessly flow one to the other, ideal for everyday family living and entertaining. The kitchen enjoys a street outlook and is central to the family room, has generous benchtops and plenty of storage. It’s highly functional as well as highly appealing.
Debbie Soper Papanui
Sale Price:
( for your reference)
$
11 27A Rata Street, Fendalton
PI65933
Luxe Executive Living Sleek and contemporary in cedar and Rockcote Integra Panel, this beautiful home offers the finest in low-maintenance modern living - in a location that makes life so incredibly easy! Stroll to Westfield Riccarton and the Christchurch Farmers’ Market or drive just a few minutes to Hagley Park or the CBD. Zoning for Boys’ High and Girls’ High adds further value to a sought-after location. A great layout ensures the sleek and spacious living areas are bathed in natural light, with effortless flow to sunny outdoor living and a generous expanse of lawn area on the 548 sqm grounds.
Cameron Bailey Papanui
Sale Price:
( for your reference)
$
12 9 Seaward Street, Pegasus
RD7829
Set Sale Seaward With my owners deciding a change of scenery is in order, an exciting opportunity now exists for you to take over! Set on a 610sqm, beautifully landscaped corner section all day sun is assured yet privacy ensured, thanks to full fencing. Featuring two stunning decked areas both of which open out onto the expansive grassed yard, complimented by the well laid out gardens featuring established plantings around the boundary. Heading inside via the main deck you are greeted with fabulous open plan living. The large kitchen with plenty of bench space ensures there will be no jostling for room during the breakfast rush.
Keni Matagi Redwood
page 10
Sale Price:
( for your reference)
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auction success stories
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page 11
forthcomingauctions Wednesday
11th November 2020
12th November 2020
1 The Spur, Sumner
22 Tomes Road, Papanui
6 St Keverne Close, Burwood
10 Chevy Place, Hoon Hay
6A Audley Street, Kaiapoi
45 Burnside Crescent, Burnside
21 Bucknell Street, Sockburn
1A Wood Lane, Fendalton Cameron Bailey
Cameron Bailey & Harrison Hopman
21 Swanton Drive, Huntsbury
44 Chateau Drive, Burnside
34 Pawsons Valley Road, Duvauchelle
Ash & Shar Sutherland Todd
Ash & Shar Sutherland Todd
Michelle Fu & Xi Wang
Cameron Bailey
page 12
Thursday
Rob Ilott
Sandra O’Brien
Mark Wang & Danny Liu
Geeta Rose
Belinda & Sam Dunster
71 Puriri Street, Fendalton
Cameron Bailey & Brendan Hart
Thursday
19th November 2020 29 Luxembourg Crescent, Halswell Caleb Griffioen
18 Roa Road, Fendalton Cameron Bailey
10 Woodhurst Drive, Casebrook
21 Coachmans Road, Prebbleton
84 St James Avenue, Papanui
40 Garden Road, Fendalton
37A Rossall Street, Merivale
Michelle Fu & Xi Wang
Cameron Bailey & Catherine Aitken
Harrison Joseph
Cameron Bailey
Rob Ilott
Mark O’Loughlin & Jenny Laney
103 Office Road, Merivale
8 Korowai Street, Marshland
6 De Their Lane, Sumner
149 Hussey Road, Northwood
602/18 Carlton Mill Rd, Merivale
Michelle Fu
Reside Magazine
Michelle Fu & Sissi Liu
Mark O’Loughlin
Cameron Bailey
page 13
latest article
ALL THE
FEELS Emotion vs. Logic in the Current Property Market
The world of real estate is not only aligned to bricks and mortar; it can also encompass a lot of human emotions. So much so that a saying I’ve often heard, that ‘emotion can defy logic’, is currently being played out in every part of the marketplace. Last month I wrote about ‘market madness’ and the incredible sense of urgency to purchase, and, so far, that’s continuing. Now I’m told, by the media as much as my own observations, that much of this is driven by FOMO or ‘Fear of Missing Out’. And it’s absolutely correct. Auctions and their counterpart deadline sales are being brought forward in large numbers, meaning buyers aren’t waiting for the actual auction or deadline date to make their move. They’re determined to pursue their property dreams right now! In one day last week I received notification (as we do across the entire brand to ensure we can inform any interested party) of 16 auctions or deadline sales being brought forward due to an acceptable offer being made. And, remember, if that’s for an auction, the offer is absolutely unconditional. 16! And that’s just one day. Every day there are similar numbers. On the day I wrote this article, by noon I’d received 10 more. As a consequence, emotions are incredibly high and that includes both joy and disappointment. Over time, I’ve seen the full range of emotions, including tears from firsthome buyers with a new baby in arms and the odd raging bull yelling at the price of a property going beyond expectation and budget.
page 14
So, the questions are: what should I do and when should I do it? And I think the easiest answer is this line from Tony Alexander, a well-known (and often quoted) economist who, despite being the most optimistic of the economists, is probably also one of the most accurate.
“Waiting for prices to drop hasn’t been a good strategy for the last three decades.” And it’s true. Personally, I’ve tried to favour a measured approach to real estate purchases and that natural caution has seen us miss properties that would now look like jewels in any property portfolio and sell others that should not have been sold. I’m now, at this stage of my career, realising that despite being often told ‘there’s always another property around the corner’, sometimes the good one in front of you is pretty darn good. I don’t know how long our current market will last for, but I do know that Tony Alexander is on the mark. Waiting and waiting and waiting for prices to fall or land to get cheaper could mean waiting a very long time. So get on the property ladder, think about investment property and, if considered advice is what you’re looking for, call me to talk. I’ve got 27 years of experience and that’s become an incredibly important asset.
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 15
Papanui Branch
471 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch ph: (03) 352 6166 e: enquiries.papanui@harcourtsgold.co.nz
International Division
471 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 ph: (+64) 3 662 9811 e: 888@harcourtsgold.co.nz
Parklands & New Brighton Branch
Parklands Mall, Queenspark Drive PO Box 18515, New Brighton, Christchurch 8641 ph: (03) 383 0406 e: enquiries.parklands@harcourtsgold.co.nz
Gold Property Management
473 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 ph: (03) 352 6454 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 e: enquiries.redwood@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.