Low volumes, yet favourable conditions
By General Manager – Robert Carter BBS
There is a myriad of factors influencing New Zealand’s property market resulting in varied market performance. 14 of the 16 regions in New Zealand experienced annual increases in median prices for residential sales, some with records being broken. Auckland & Canterbury markets have seen decreases in both prices & volumes.
Looking specifically at Auckland’s North Shore market, in January there were 152 sales according to REINZ, the lowest monthly sales volume in over 20 years! The North Shore City median price in January 2019 was $920,000, down 13.2% from $1,060,000 in January 2018.
There continues to be a multitude of factors providing confidence in the market. Overall a positive economy with strong population growth, an ongoing housing shortage and record low interest rates. Not to forgot being a very desirable city to live in! On the contrary, factors potentially contributing towards the slowing volumes are reserve banks LVR restrictions, foreign buyer policy, anti-money laundering legislation along with increased requirements for landlords, and a potential capital gains resulting in cautious investor activity.
Heading into February & March when the market typically gains momentum, we are seeing a notable increase in properties coming to the market and buyer activity is high. We will have a better indication of the year ahead this time next month, but in the meantime, it appears positive and a great time to be buying & selling in fair market conditions.
Karaka Grove – affordable, brand new living in Takapuna
| Address: 59 Karaka Street, Takapuna |
| Agents: Steve McCulloch 021 953 405 and Hattie Liu 021 656 835 |
| Viewing: Contact agent for more details |
Welcome to Karaka Grove – a premium new development of terraced homes and freestanding townhouses in Takapuna. Architecturally designed by renowned kiwi company Infusion Arch, the collection of smart, contemporary residences is the perfect destination for modern suburban living.
The Takapuna fringe location offers the ultimate in connected and convenient North Shore living. Karaka Street is a quiet residential neighbourhood that back onto Smiths Bush, but is within easy, level walking distance to so many of the area’s popular amenities. Smales Farm business park and the brand new Goodside drinking and dining precinct are close by, along with the Park and Ride for public transport to the CBD. Drivers also have a choice of three motorway onramps to choose from. School zones are a huge drawcard and include Westlake Girls and Boys, Takapuna Normal and Takapuna Grammar School. North Shore Hospital and local golf, tennis and bowls clubs are also an easy walk from home, along with lively, cosmopolitan Takapuna and its glorious golden beach.
Karaka Grove exemplifies medium density housing at its best. These properties are the perfect solution for those who wish to enjoy an affordable, brand new home in residential Takapuna, but who require more space and freedom than an apartment. Care has been taken to ensure the homes blend well within the established neighbourhood and ease of lifestyle is another major consideration – exterior finishes and materials are durable and easy care, requiring minimal maintenance.
Sophisticated interior design creates high end but instantly welcoming living environments. Generous open spaces, plenty of natural light and sun and stylish fittings and finishes enhance the rooms. All homes have their own garage and back yard, perfect for kids and pets. There is a mixture of three and four bedroom layouts available and all have three bathrooms, easily accommodating families or downsizers.
This captivating development is a rare offering for Takapuna. It presents brand new, affordable, low maintenance homes in a sought-after, central and highly convenient location.
A Wonderful Life
| Address: 5 Ringwood Street, Torbay |
| For Sale: Deadline Treaty – closes 4pm, Thursday 28th March 2019 at 128 Kitchener Rd Milford |
| Agent: Damien Henaghan – Phone 09 486 8258, Mobile – 021 728 003|
Embracing 3751m2 of picturesque waterfront land, 5 Ringwood Street is one of olde Torbay’s hidden gems. Unique, unexpected and truly exceptional, the original 1860s Kauri homestead has been tastefully expanded over time to match the magnificent, cinematic sea views and direct beach access it offers. The current owners have lived here for the past 40 years, raising their children and bringing the grand residence back to life. Now that they’ve moved on, this is a serious opportunity for the next family to start their chapter in this waterfront wonderland.
Privacy is paramount, tucked away in one of the area’s quiet neighbourhoods. Despite the feelings of peace and privacy, the local Torbay village shops are just five minutes away and the Auckland CBD 25. The driveway meanders down from the road to arrive at the expansive, well-established grounds and gardens the envelop the residence. ‘Cove Cottage,’ the small dwelling at the top of the property, is a recent addition and was designed by renowned architects Fearon Hay to offer additional space and accommodation.
The residence is gracious and majestic, a grand old dame that has been lovingly renovated and refurbished to become the spacious two level family home seen today. It now offers five bedrooms, two bathrooms, two large lounges and a study, so is well-equipped to house large or growing families with ease. Gleaming timber floors, high ornate ceilings and many sets of French doors enhance the elegant heritage aesthetic on the ground floor entry level. The dining area is alongside the farmhouse kitchen, while the voluminous formal lounge captures the most incredible views through large picture windows – over Waiake Beach, The Tor, across to Takapuna Beach, Devonport and the Sky Tower.
The inside flows out at many junctures to the covered veranda, terraces and gardens outside, with vast areas of rolling lawns and mature gardens creating a wonderful place for kids to roam and play. A pathway leads directly down to Winstone’s Cove, a secluded swimming beach popular with locals in the know. There is another large lounge on the ground floor, as well as three bedrooms, study and the family bathroom. Upstairs, two more bedrooms share another bathroom, with the master enjoying the dazzling outlook from the best vantage point of the house.
Cove Cottage has two bedrooms with ensuites, a large central lounge with fireplace and contemporary kitchen. Full height sliding doors open out either side, to a west facing deck and walled patio respectively. A separate shell pathway also leads down from here straight to the beach. There’s a separate double garage for the main house, as well as off-street parking for four more cars.
This is an exceptional and very real opportunity to make your North Shore waterfront dream a reality. The vendors have purchased and are highly motivated to find the next fortunate family to enjoy life on the beach.
Harcourts is a proud partner of the Auckland Lantern Festival for the second year in a row
Harcourts is delighted to announce we are the proud partner of Auckland Lantern Festival 2019.
Chief Operations Officer of Harcourts International Jo-Anne Clifford says Harcourts are delighted to be part of such a fantastic event for the second year in a row.
“The Lantern Festival is the largest celebration of the Chinese New Year outside of China and is a joyful celebration of the cultural diversity that makes Auckland the amazing city it is.
Our franchise owners from the northern region which includes Auckland, Whangarei and the Bay of Islands have banded together to sponsor the event and we couldn’t be happier to announce our partnership which began in 2018.”
Clifford says Harcourts is proudly multi-cultural, represented by 2,373 sales consultants in New Zealand from a diverse range of backgrounds.
The free, family-friendly festival takes place in Auckland Domain from Thursday 14 to Sunday 17 February until 10.30pm each day, culminating in a spectacular fireworks display on Sunday night at 10.15pm.
The festival, welcoming in the Year of the Pig, will showcase a mix of music and dance performances, martial arts demonstrations and traditional Chinese art and craft. Be entertained and dazzled by hundreds of handmade Chinese lanterns and enjoy some delicious food from the wide-range of Asian food stalls which will be open throughout the event.
The Harcourts area at the festival will include an innovative House of Lanterns with over 500 brightly lit up lanterns on colourful display. Aucklanders are invited and encouraged to go along to the Harcourts House of Lanterns and enjoy the spectacle for themselves.
180,000 people are expected to turn out for the 20th Auckland Lantern Festival for a chance to enjoy and experience the traditional and contemporary Chinese culture.
To celebrate the 20th anniversary of the festival, Harcourts is giving away $20,000. Two lucky winners will each receive $10,000 when they list their property with Harcourts between 1 February and 7 April 2019. Find out more about this exciting promotion at here.
The Auckland Lantern Festival is delivered by Auckland Tourism, Events and Economic Development (ATEED), on behalf of Auckland Council.