reside magazine Issue 206, 8th 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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5) 109 Tomes Road, St Albans
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6) 24 Weka Street, Fendalton
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7) 39 Gordon Avenue, Merivale
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8) 90 Perry Street, Papanui
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9) 33 Euphrasie Drive, Aidanfield
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10) 16 Conductors Road, Prebbleton
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Forthcoming Auctions
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Latest Article
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Reside Magazine
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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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3) 98 Georgina Street, Marshland
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2) 68 Penruddock Rise, Westmorland
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9 Kawharu Street, Marshland (6/10)
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From 10:00am
49 Claridges Road, Casebrook (5/10)
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Brought Forward 1B Bradshaw Terrace, Riccarton (2/10)
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Order of Sale
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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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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).
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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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PI65529
Brought Forward
SOLD
1B Bradshaw Terrace, Riccarton ‘Shaw’ To Be A Steal This attractive, well presented, standalone two storey townhouse is ready and waiting for a new owner to move in and add their own personal touch. Previously a fantastic investment property for our current owners who are now selling up for their next move, giving you this amazing chance to make it yours. Great entry level opportunity for Christchurch Boys and Girls High School zone, investors or for first home buyers. At the heart of the home is an open-plan kitchen, dining and living area, creating the perfect space to entertain with family and friends. Boasting options aplenty with either three double bedrooms and one living or two double bedrooms and two living.
Ash & Shar Sutherland Todd Papanui
PI65488
Brought Forward
SOLD
Sale Price:
( for your reference)
$ 651,000
49 Claridges Road, Casebrook Sun-Drenched Stunner Set amongst a quiet tree line street, this beautifully presented home offers a relaxed family lifestyle that is sure to impress all who visit. This sunny, peaceful and charming 1950s home has enjoyed more recent upgrades inside and out. All the hard work has been done, with the added the opportunity to introduce further enhancements to this already well presented home. Set upon a sun-drenched, manicured family sized section, this three-bedroom property soaks up tranquillity and benefits the modern family with its functionality. The kitchen, dining and expansive living space sit centrally within the floor plan and effortlessly spills out to the new deck and picturesque garden.
Jessica Downey & Deb Crosby Papanui
PI65695
Brought Forward
SOLD
Sale Price:
( for your reference)
$ 520,000
9 Kawharu Street, Marshland You Deserve Your Dream Designed & built by Mike Greer homes in 2015, this exceptional build of 283m² offers luxurious contemporary living & peace of mind that comes with a modern construction. With strong street appeal, the home is spectacularly set on 1607m² overlooking the Waitikiri Golf Course providing a stunning vista from within. Immaculately presented throughout, no detail has been overlooked and viewing will only please. The elegant kitchen sits open plan to the dining/family living room & is accompanied with a spacious scullery. Timber flooring throughout this area creates appeal & ambience as well as practicality. The double sided gas fire also warms the separate living area currently set up as a media room with its 90” screen & projector - ideal family entertainment.
Sandra O’Brien Papanui
page 6
Sale Price:
( for your reference)
$ 1,100,000
1 11A Davie Street, Kaiapoi
PI65442
A Wee Cracker! With our owner now in care this wee gem is up for grabs. Ticking plenty of boxes, this spacious two bedroom townhouse will suit a number of buyers who are looking to either downsize, purchase a first home, professional couples and investors. Constructed of brick and aluminium joinery with double internal access garaging, its floor area of 130m² easily accommodates family and friends. Warmth is assured with a heatpump, strategically placed econopanel heaters and the home is positioned well for the sun’s rays.
Sale Price:
Sandra O’Brien
( for your reference)
Papanui
$
2 68 Penruddock Rise, Westmorland
PI65557
When You’ve Run Out of Space ... When you’ve run out of space and the family are just about falling out the sides ... this is the answer! Five bedrooms, four bathrooms, two living rooms and four car garaging plus decks, gardens, school zones and views - oh stop it! Set across three levels this permanent material home has a total floor area of 352m² on an 821m² freehold site. It is extremely rare that we find offerings like this and with the owners now committed to their next home its time for a changing of the baton and the next family to enjoy generations of happy times and new family memories. The home features very good drive on access with two separate double garages and abundant off street parking. Sale Price:
Foss Shanahan
( for your reference)
Papanui
$
3 98 Georgina Street, Marshland
PI65527
Coastal Living in Prestons Our current owners fell in love with the idea of living near the beach yet so close to town and went on to design and build this picturesque family home. They have absolutely loved their time in the ever popular Prestons location. Now with the kids flying the coop they have reluctantly decided to downsize, leaving you the perfect opportunity to make this your dream home. On offer is an open plan designer kitchen with a perfectly positioned walk in pantry, generous living and dining area, as well as a separate formal lounge, all of which open out with stacker doors to the expansive deck and sheltered north facing outdoor area. Both family living and entertaining with friends will be effortless. Ash Sutherland Todd & Miranda Laney Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 7
4 15 Bay Heights, Governors Bay
PI65499
To Infinity and Beyond! Situated overlooking Governor’s Bay with mesmerising views of Lyttelton Harbour, this fabulous property sited on a manicured 3173m2 offers a spacious modern sanctuary that walks to the beat of native birdsong. A ready-made retreat for families and couples alike, this one is a beauty to behold. Thoughtfully positioned so every outlook commands attention, this two-storey contemporary home (built 1999) boasts fresh décor and unbeatable natural light. Inside, four bedrooms (master with walk-in robes and en suite) and two modern bathrooms provide an excellent level of everyday luxury, while the big open spaces downstairs are enhanced by exceptional indoor/outdoor flow.
Mary Turnbull & Amanda Barton Papanui
Sale Price:
( for your reference)
$
5 109 Tomes Road, St Albans
PI65537
Entry Level To Blue-Chip Location Renovated character home beautifully laid out for indoor-outdoor living and set on stunning 1,113 sqm grounds. Sunny open-plan living, dining and practical modern kitchen, plus a handy study nook, flows to private outdoor living. Three bedrooms, updated bathroom with separate bath and shower, separate laundry and double garage plus off-street parking. Spacious and sunny outdoor living, plus established trees, large lawn areas and a stream, in low-maintenance gardens. Zoned for Paparoa Street School, Heaton and Papanui High, handy to Merivale Village and Northlands.
Cameron Bailey & Jack Milligan Papanui
Do you own a rental property?
Sale Price:
( for your reference)
$
! y s a e t i e k a We m 473 Papanui Road, Papanui • (03) 352 6454 • gpm@harcourtsgold.co.nz
page 8
6 24 Weka Street, Fendalton
RD7820
Trophy Address, Lifestyle of Leisure on 1916m2 24 Weka Street represents an increasingly rare opportunity in today’s property market. This gracious four-bedroom home with separate poolhouse, is proudly positioned upon a mammoth 1916sqm parcel in central Fendalton, and offers a lifestyle of leisure and timeless luxury. A hidden gem that is bound to attract significant attention, this property offers a world of possibilities featuring both a tennis court and heated swimming pool. A second separate access to the property provides parking for your boat or other guilty pleasure. It is presented to the market as a lovingly upgraded post-earthquake repair, but is to be sold as an incomplete repair and uninsured.
Mark O’Loughlin & Jenny Laney Redwood
Sale Price:
( for your reference)
$
7 39 Gordon Avenue, Merivale
PI65543
Polished to Perfection The result of an incredible top-to-toe renovation in 2015, this beautiful home offers all the advantages of contemporary living in a sought-after established neighbourhood zoned for top schools and strolling distance to boutique shopping and cafés at Merivale Village. Cedar and lightweight concrete add sleek low-maintenance appeal to the exterior and, inside, timber floors and modern neutrals lend a Scandinavian aesthetic that invites relaxed living. A large, open-plan living and dining space features bi-folds that push back to connect sunny outdoor living complete with electric louvre and built-in speakers - the perfect setting for entertaining, whatever the season. Back inside, the kitchen is sleek and highly functional. Cameron Bailey Papanui
Sale Price:
( for your reference)
$
8 90 Perry Street, Papanui
PI65234
Practical on Perry Enjoy an easy lifestyle at the end of Perry street. Being so close to Northlands Mall, Merivale Mall and the buzz of central city less than 10 minutes by car. Solidly built, with 3 good sized bedrooms, two living and a modern kitchen. It’s well suited for your property investment portfolio or a fantastic starter to the area. The home is currently tenanted until September 2021. It meets the healthy home standards required for rentals. Schools Zones - Paparoa Street School, Heaton Normal Intermediate, Papanui High School Jo Grams Papanui
Reside Magazine
Sale Price:
( for your reference)
$
page 9
9 33 Euphrasie Drive, Aidanfield
PI65589
Reserve on the Boundary! Bordering a reserve is an aspect many dream of and as luck would have it, I’ve got it right here! Come and check out your new home with a peaceful spacious outlook from the kitchen and lounge. Often admired for it’s tasteful award winning street appeal, this eye-catching home (built in 2014) has been the recipient of many garden awards. You’ll love the light-filled, family room with a 2.7m stud, wellappointed kitchen, dining and sitting area along with seamless indoor outdoor flow to the sunny sheltered courtyard, ideal for family living and entertaining. The kitchen is the social hub of the home with plenty of storage, double Bosch oven, gas hob and engineered stone benches. Debbie Soper Papanui
Sale Price:
( for your reference)
$
10 16 Conductors Road, Prebbleton
PI65559
Stylish Beauty to Fall in Love With! This beautiful 240m² (approx) family home on well landscaped 805m² section is a rare find that one will regret missing. Super spacious and stylish kitchen with walk-in pantry creates a delightful performance stage to enjoy cooking. Skylight above the kitchen not only enhances the natural brightness of the interior living space, but also uplifts the property to elegant ambiance. Four double bedrooms, master with en suite and walk in wardrobe, the others with built-in wardrobes, offer space and comfort for modern living. Two heatpumps and gas fire heating fill the house with warmth and cosy comfort, while the DVS ventilation system creates fresh, immaculate, healthy living environment.
Michelle Fu Papanui
home staging with a difference
page 10
Sale Price:
( for your reference)
$
Find us on Facebook and Instagram. Phone
021 052 2543
austaging@ harcourtsgold.co.nz
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page 11
forthcoming auctions 91 Tomes Road, St Albans Leeann Marriott
288 Kennedys Bush Road, Kennedys Bush Cameron Bailey
Thursday
15th October 2020
17 Longhurst Terrace, Cashmere
Cameron Bailey & Brendan Hart
5 Wilderness Green, Prebbleton
4 Stratford Street, Fendalton
Michelle Fu
page 12
1 McIntyre Street, Shirley
Cameron Bailey & Brendan Hart
Mary Turnbull
Thursday
22nd October 2020 38 Memorial Avenue, Fendalton
165 Moncks Spur Road, Mt Pleasant
8 Sowerby Place, Richmond Hill
22 Springwater Avenue, Northwood
348 Kennedys Bush Road, Kennedys Bush
39 Garreg Road, Fendalton
3/65 Carlton Mill Road, Merivale
34 Corfe Street, Ilam
4 Kinnerton Lane, Casebrook
Debbie Soper
Sandra O’Brien
Mary Turnbull
Reside Magazine
Harrison Joseph
Cameron Bailey & Brendan Hart
Mary Turnbull
Sandra O’Brien
Cameron Bailey
Rob Ilott
page 13
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 $$
page 14
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
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.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.
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