reside magazine Issue 205, 1st October. 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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6) 44 William Dawson Crescent, Wigram
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7) 50A Hawkesbury Ave, St Albans
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8) 99 Leinster Road, Merivale
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Reside Magazine
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Forthcoming Auctions
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Mo Tu We Th 1 5 6 7 8 12 13 14 15 19 20 21 22 26 27 28 29
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Auction Success Stories
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Latest Article
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9) 398 Wairakei Road, Burnside
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5) 2 Lewisham Park, St Albans
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4) 122B Clyde Road, Fendalton
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1) 2/15 Orkney Street, Fendalton
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Conduct of Auction
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gold Leaders & Auction Team
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Important Information
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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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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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Reside Magazine
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1 2/15 Orkney Street, Fendalton
PI65497
Real Good Real Estate This sun-drenched permanent-material home offers a superb lifestyle year-round, with warm and cosy winter living and great indoor-outdoor flow for the summer months. Summerhill Stone construction with aluminium joinery (partially double-glazed) means low-maintenance enjoyment, and an HRV system is a plus for efficient winter heating. Add in a great location, tucked away from the main roads but strolling distance to café, shops and parks, or a five-minute drive to Merivale Village or Victoria Street, zoned for great schools, and you have the perfect solution for easy living. Spacious open-plan living and dining enjoys all-day sun, with a slider opening to a well-planned outdoor entertaining space. A gas fire warms the room and there’s a heat-pump too, for year-round climate control. Sale Price:
Cameron Bailey
( for your reference)
Papanui
$
2 5 Rubens Place, Burnside
PD4898
They’ve Called It Home Since ‘86 Firm plans ahead now mean it’s time to sell! Size, school zones and versatility combine to provide a compelling opportunity to secure a foothold in a sought-after cul-de-sac of quality homes. A versatile floor plan and multiple living spaces provide options for every stage and age. Zoned for Burnside Primary, Cobham Intermediate and Burnside High. Handy proximity to Jellie Park, local shops and key arterial routes. Longevity of tenure speaks volumes about a home and its neighbourhood, and we’re sure 5 Rubens Place will be the place for many happy memories for its lucky new owners.
Caleb Griffioen & Nikila Creagh Parklands
Sale Price:
( for your reference)
$
3 6 Lambies Street, Marshland
PI65457
Fabulous Find in Prestons! This gorgeous property located in Preston’s Park is in a quiet street and set amongst other quality homes. Custom designed and built in 2017 by our current owners - this is a special property with quality fittings and fixtures and many extra features throughout! Cleverly designed to accommodate your family with two connecting living spaces, four large bedrooms, master bedroom with large walk in robe and two sumptuous bathrooms. A stunning kitchen with walk in pantry, stone counter tops, quality Smeg appliances, soft close cabinetry and breakfast bar that provides convenient seating, as well as being perfect for hosting parties! LED lights, separate laundry, generous storage throughout the home including garage attic, double glazed, under tile heating and heatpump to cater for all the seasons. Kaye Caddick Papanui
page 6
Sale Price:
( for your reference)
$
4 122B Clyde Road, Fendalton
PI65523
Contemporary Perfection Sleek, smart and generously proportioned, this stunning brandnew home offers the ultimate contemporary lifestyle in a blue-chip location. Situated on a quiet rear section and surrounded by highcalibre homes, it’s just a short stroll to cafés and supermarket, or a few minutes’ drive to Merivale, CBD or airport. Zoning for Fendalton School, Cobham, Burnside High, Boys’ High and Girls’ High adds further appeal to a perfect family home. Thoughtful details set this home apart, from a clever built-in cloak cupboard to custom cabinetry for containing the paraphernalia of modern life. An electric gate secures the landscaped grounds, enabling full enjoyment of the space. Inside, a spacious open-plan casual living and dining room is cleverly arranged to capture natural light. Sale Price:
Cameron Bailey
( for your reference)
Papanui
$
5 2 Lewisham Park, St Albans
PI65525
Family Fantabulous! Offering super-sized family living in the ever-popular St Albans, this exceptionally roomy executive home commands attention with its privately serene position, sun-soaked aspect, and enviable location. And did we mention the space?! Set back from the road and surrounded by gorgeous trees, this contemporary catch is family fit (to say the least). With four double bedrooms in total including two master suites with en suites and walk-in wardrobes complemented by three modern bathrooms, while downstairs multiple living areas interconnect, giving you the choice of one expansive area or separate spaces to relax in - the open plan kitchen/living/dining is great for everyday comfort, while the lounge works well for more formal occasions. Sale Price:
Mary Turnbull
( for your reference)
Papanui
$
6 44 William Dawson Crescent, Wigram
PI65477
Overseas Vendors Committed to Selling! Modern, sunny, comfortable three year old home offering a quality finish on an easy care section. Three double bedrooms, master with en suite, plus handy study nook upstairs. Super kitchen with granite bench top. Formal lounge plus an open plan living/dining option which flows to the outdoor patio and garden area. A sunny spot for your morning coffee or weekend BBQ. Easy access to arterial routes, numerous amenities, and Wigram’s popular shopping hub. Zoned for Wigram Primary.
Lily King & Mark Wang Papanui
Reside Magazine
Sale Price:
( for your reference)
$
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7 50A Hawkesbury Ave, St Albans
RD7819
Architectural Precision Equipped with every conceivable modern convenience; this brandnew townhouse displays contemporary flair and promises a laidback lifestyle within an ever-popular neighbourhood. From concept to completion, the vendor has gone above and beyond creating effortless style. Architecturally designed by Wilson and Hill and constructed by John Creighton Builders, this property is visually pleasing on every level. No detail has been overlooked, from the blend of Endura metal and painted Canterbury clay brick cladding to the bespoke kitchen and vanity units; this is truly a townhouse without compromise.
Sale Price:
Mark O’Loughlin & Jenny Laney
( for your reference)
Redwood
$
8 99 Leinster Road, Merivale
PI65465
Family Legend On Leinster! Located on Leinster Road just a short stroll from all of Merivale’s amenities, this beautifully modernised contemporary home is tucked away on a private rear section just minutes from all of the action. Bound to impress with its sun-soaked, serene surrounds, spacious, sumptuous interior, and sought-after school zones, this home is a real family paradise. Poised on a manicured 1147m2 section, this immaculate property (built 1972) has been beautifully refreshed with a fresh coat of paint, an updated kitchen and new carpets and drapes. The north-west aspect means excellent natural light and the generous bedroom-tobathroom ratio (4:3) promises stress-free mornings. There are four double bedrooms, two of which boast en suites, plus a large family bathroom. Sale Price:
Mary Turnbull
( for your reference)
Papanui
$
9 398 Wairakei Road, Burnside
RD7822
In the Zone Investors in pursuit of a proven performer, and families seeking space and schooling will gravitate towards this four-bedroom home that’s placed within the ever-popular neighbourhood of Burnside. Currently returning $450 per week on a periodic tenancy, this property is naturally an excellent investment but is equally wellsuited as a spacious family home with zoning for Burnside High School providing exceptional appeal. Enjoying the solidity and easy-care nature of brick construction; this double-glazed property also occupies a substantial 842m2 plot of TC1 land that could easily be enhanced with basic landscaping should you desire.
Pedro Park & Mark O’Loughlin Redwood
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Sale Price:
( for your reference)
$
latest article
Every now and then (think maybe once or twice in a decade), I’ve been witness to a form of general real estate madness. Good madness, but madness nevertheless – unforeseen and unexplainable. Against every prediction, including the predictions of expert economists and bankers, and despite everything that has happened, real estate sales (both in terms of volume and value) are exceptional right now. There’s an incredible hunger to purchase, to push higher than expected when buying, to compete and to utilize auction. Unlike in other periods, this phenomenon doesn’t restrict itself to one particular price point or demographic: it’s every price point and over a great variety of locations.
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Current Activity July, August and September, so far, have been extraordinary, with July’s figures showing the highest number of sales in five years nationwide. I’m expecting this to be no different for August and September, with our own company seeing lofty sales records exceeded and then superseded.
Yes, interest rates are low, in fact, they are tiny in comparison to anything any of us (including those with memories of up to 21% in the ‘80s) have ever had. And this is giving people the chance to upgrade, get on the property ladder and make lots of property decisions, e.g. why rent when I can buy for the same, if not less, weekly outgoings?
SOLD $$
Reside Magazine
So, here are observations:
Interest Rates and Interest Returns
SOLD SOLD
We have had spectacular results in our auction rooms, and it’s a sure sign that the market is favouring owners when they request an auction campaign for their property rather than challenging the idea.
It’s also creating a massive dilemma for those with bank investments who are seeing changes to their life and retirement choices pushing them into property purchases. This group is
looking to create returns that, whilst lower from a yield perspective, are still better than the banks. This pool of buyers sitting on savings or large equity in their properties is buying in force and it’s easy to see why.
The Election Is having no discernible effect on people’s property decisions. And if that’s a surprise, it’s supported by a recent study undertaken by Trade Me, where 82% of the 1,700 survey respondents said the timing and result of the election had no bearing on their decision to buy or sell.
Expats As I told someone recently, who asked, ‘is it true expats are coming home and buying?’, I can only reply ‘yes’ and ‘yes’. Even with border restrictions, Statistics NZ has reported that up until June, annual migration showed a net 79,400. What are they looking for? It appears to be location, which is everything. New is preferred, proximity to schools, cafés, the parks and city centre is desired, and they are shopping with big sums. Family members are often scouting and advising first.
Less Available Listings Which feeds the elements already mentioned, pushing prices – and, sometimes, tempers – and generally adding to the current state of ‘madness’ in the current market. My final observations are probably the most important. Despite the current climate, most buyers are still tough on compromised properties, those poorly presented and with title or structural issues. And please work with professionals rather than risk underselling. Just one of our recent success stories had owners enjoy a campaign that saw them sell for 68% above RV, creating a new local record. For results, or even just a conversation about real estate, please don’t hesitate to contact me. Summer is on its way!
Lynette McFadden
Harcourts gold Business Owner
page 9
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page 11
forthcoming auctions Friday
2nd October 2020
1B Bradshaw Terrace, Riccarton Ash & Shar Sutherland Todd
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
page 12
Thursday
8th October 2020 90 Perry Street, Papanui
24 Weka Street, Fendalton
49 Claridges Road, Casebrook
98 Georgina Street, Marshland
15 Bay Heights, Governors Bay
11A Davie Street, Kaiapoi
109 Tomes Road, St Albans
39 Gordon Avenue, Merivale
33 Euphrasie Drive, Aidanfield
4 Stratford Street, Fendalton
16 Conductors Road, Prebbleton
68 Penruddock Rise, Westmorland
Jo Grams
Ash & Shar Sutherland Todd & Miranda Laney
Cameron Bailey & Jack Milligan
Mary Turnbull
Reside Magazine
Mark O’Loughlin
Mary Turnbull & Amanda Barton
Cameron Bailey
Michelle Fu
Deb Crosby & Jessica Downey
Sandra O’Brien
Debbie Soper
Foss Shanahan
page 13
Thursday
15th October 2020 91 Tomes Road, St Albans
288 Kennedys Bush Road, Kennedys Bush
17 Longhurst Drive, Cashmere
1 McIntyre Street, Shirley
5 Wilderness Green, Prebbleton
1 Whisby Road, Cashmere
Leeann Marriott
Cameron Bailey & Brendan Hart
home staging with a difference
page 14
Cameron Bailey
Michelle Fu
Cameron Bailey & Brendan Hart
Cameron Bailey
Find us on Facebook and Instagram. Phone
021 052 2543
austaging@ 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
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.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.
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