Update on the Christchurch real estate market by Hayden Broadbelt

The month of April arrived with continuing uncertainty around a CGT (Capital Gains Tax). Investors were still laying low with a level market creating opportunities for first home buyers.

April results in from REINZ show that while the median house price across New Zealand increased by 6.4% in April, the median price in Canterbury remained static at $470k. Values are still tracking North with an annual increase of 4.3% from 2018.

Easter, ANZAC day and school holidays contributed to loss of productivity across the region but was welcomed by many as a time to reflect on the previous month’s horrific events.

christchurch real estate

Moving through our large network of Harcourts offices across Canterbury, the feedback I’m receiving is that buyers are still nervous but committed to purchase. Our assistance in their purchase is welcomed due to the increased disclosure requirements and potential for litigation if things are missed. Our vendors are looking for, and committing to, stronger marketing campaigns to showcase their homes as standout properties. This is resulting in an increased volume of buyers ready to assess value. Our open home numbers remain steady through our advertising clout in the Bluebook, online and in The Press.

real estate marketing canterbury bluebook

I often get asked when is a good time to sell? It’s true the warmer months lend themselves to increased market activity, but my response to this question is that money has never been cheaper to borrow. Buyers are ready to go and wanting to purchase. Why would you place your property on the market in the warmer months when there is a sea of competition? In Canterbury we are blessed with beautiful clear days throughout Autumn and Winter. Homes can still be showcased in all their glory throughout these months without the frustration of another four properties for sale down your street.

Property listings are the life blood of any Real Estate business and the volume of listings coming into Harcourts across the city continues to track well. Harcourts continues to be the preferred company across the city with close to every second new property to the market being listed by your city’s favourite company, Harcourts.

For more information contact one of our consultants today

Real Estate Career: Are you looking for a career rather than a job?

Real Estate is an industry that rewards hard workers!  If you are wanting to build a strong career this is your chance. We are looking for motivated, self-starters who are passionate about building a rewarding career to join our award winning team.

You may be experienced or new to the industry, either way you will have the chance to enjoy exciting rewards and unlimited potential!

Our upcoming Careers Evening is a great opportunity to find out more about this exciting career. It is being held on Thursday 13th June 6pm at Holmwood Auction Rooms, 397-399 Ilam Road, Ilam.

Topics covered include:

  • Why real estate
  • What costs are involve
  • What to expect
  • How Harcourts will help you succeed
  • Training & support provided by Holmwood

Holmwood Professional Development Programme

We are committed to developing all of our team regardless of experience to be ahead of their competitors in terms of training, market knowledge and skills. The Holmwood team join together in our dedicated training room to share ideas, learn from each other and listen to invited guest speakers. Topics are diverse and include professional development, business planning and scripts and dialogues.

To learn more register your interest by filling in the form below or calling Anna Penny Moore on 021 0466097

Update on the Christchurch real estate market by Hayden Broadbelt

The limitation on foreign property ownership and directional uncertainty continues to see its impact in our marketplace. A positive indicator from these measures sees first home buyers enjoying favorable lending rates and reduced competition at auction to purchase resulting in a 30% increase for ownership for them compared to this time last year. March is a traditionally strong activity month for Harcourts, the smell of the sun block starts to fade and the kids are back into their full school cycle leaving time for the decision makers to contemplate their real estate ambitions.

While others enjoyed their long Summer slumber our consultants were back into their stride with another strong month. Although our listing numbers followed the REINZ stats, we saw a slight increase in our auction listings verses March 2018. A two year record on settled volume was a pleasing highlight and this was followed by a two year record settled value month. The Canterbury median house price was marginally up by 1.1% now sitting at $460,000.

Indicators from these statistics clearly show that the market is constrained but steady and balanced with the public hunger for property related information at an all time high.

Christchurch real estate market harcourts holmwood

The new anti-money laundering legislation that came into effect on the 1st January this year (AML) continues to see the brakes applied on the speed of the listing and transaction whilst we complete our information gathering under this legal requirement. For many of you that have transacted in real estate this year you will know this process and acknowledge we are just following the legal requirements placed on us. I’m delighted to say after visiting many of our offices we are showing true directional leadership in this area.

There is no company who can offer the results that Harcourts can, list with Harcourts and know we have the training, expertise and resources to get you through this new legislation, while also achieving the required results for you.

Property listings are the life blood of any Real Estate business and the volume of listings coming into Harcourts across the city continues to track well. Harcourts continues to be the preferred company across the city with close to every second new property to the market being listed by your cities favorite company,  Harcourts.

 

For more information contact one of our consultants today

New Zealanders award Harcourts Most Trusted Real Estate brand for the seventh consecutive year

Reader’s Digest has announced its Most Trusted brands for 2019, and Harcourts, New Zealand’s largest real estate brand, has come out on top once again.

For the seventh consecutive year, New Zealanders have voted Harcourts their Most Trusted real estate brand, making Harcourts the only real estate brand to achieve this honour since the award’s inception in 2013.

Harcourts Managing Director Bryan Thomson says the ongoing endorsement of New Zealanders is what keeps the entire team at Harcourts striving to remain at the top. “We are incredibly proud of our teams across the country, and we want to thank every New Zealander who has worked with us and voted us number one.”

Thomson continues, “Trust is an important element of any relationship, but it’s particularly vital for our clients who trust us to sell what is likely to be their largest asset.”

“We know that real estate clients want to deal with consultants that have knowledge, expertise, honesty and integrity, and who are committed to achieving the best possible result for them,” says Thomson. “Above all, they want to deal with people they can count on – that’s why we put absolute focus on creating a relationship of trust and respect with all our clients.”

Harcourts Most Trusted Brand readers Digest Holwood

“Our challenge is to keep earning that respect year after year by constantly finding new ways to deliver exceptional service and by building life-long relationships with our clients. We also continue to foster strong relationships with communities around the country through the work our people do by way of The Harcourts Foundation and the many other charities our team contribute to.”

“To be named the Most Trusted real estate brand for seven years in a row is an outstanding achievement and affirms that Harcourts truly has earned the trust of New Zealanders.

The building replaces our current one we’ve been in for nearly 25 years,” Branch Manager Simon Hollander says. “We had rather outgrown the space, so when the Clyde Road site became available, it looked like we might have a real shot at getting the work space we had dreamed of

The new building is a work of team collaboration – Aaron Jewell, architectural draughtsperson, builder Hamish Neave and Davinia Sutton of Detail, spatial designers – with more than a little input from Simon himself. “Aaron, Hamish and Davinia had worked with me on previous residential projects and I was sure they would be perfect for this commercial build,” Hollander says.

Christchurch Real Estate

The 235sq metre building has a central hallway filled with natural light from overhead windows. Glass fronted offices spill on both sides of the central thoroughfare, giving good connection between everyone working there. “You can’t miss seeing your colleagues and bumping into them as you walk along the hallway,” Hollander says.
“We wanted separate spaces where our agents could be private, but we also required linkages for networking which is so vital to a real estate company.

It was also important for the new office still to be firmly anchored in the community where it has been for so many years. “We love this location and know all the businesses and many of the residents,” Hollander says.
“To pay homage to the locale we have named the individual offices after local streets – Penhelig Place, Gleneagles Terrace, Chateau Drive and Chepstow Avenue for example. We are also still close to the Harcourts Holmwood HQ on Ilam Road for our auctions.”

Harcourts Holmwood CEO, Tony Jenkins, is understandably proud of the finished product. “Those involved have well and truly brought to life the vision that we sought for this build,” he says. “It is purpose-built for real estate and is state of the art in terms of design and functionality.”

Records smashed as Kate McIlroy and Daniel Whitehouse win Le Race cycling crowns

Daniel Whitehouse has broken the Le Race course record to claim back-to-back titles, while Kate McIlroy won the cycling classic on her third attempt by smashing the women’s record by a staggering nine minutes.

Whitehouse won the 100km race from Christchurch to Akaroa in 2018 after just having an appendix removed and again had to do it the hard way today after puncturing near the halfway point, as well as losing his cycling computer early in the race.

“I had no idea what was going on and had to do it old school,” laughed Whitehouse whose new record time of two hours 35minutes and 28 seconds is even more remarkable considering an enforced slow start through the city due to limited police resources.

“On top of that the replacement wheel was a bit narrower so my front break wasn’t working very well, and I had to hold off the speed a bit downhill,” said Whitehouse who found himself chasing a leading foursome of Jake Marryatt, Scott Thomas, Paul Odlin and Kees Duyvensteyn.

The 24-year-old climber managed to claw the leaders back one by one charging up the famous Hilltop, where only Marryatt managed to stay clear to take the King of the Mountain prize.

The young Christchurch rider, however, was soon caught by Whitehouse and young Andrew Bidwell from Blenheim who was the only rider to match the defending champion uphill.

On the final stretch, Whitehouse waited for one last steep climb to accelerate and lose his two young competitors to arrive well clear of Bidwell and previous record holder Michael Vink in third place.

In the women’s race, the frustrations of losing last year’s race on the finish line was the perfect motivation for Kate McIlroy to finally win Le Race in the third attempt.

“I didn’t just want to win the race, but destroy the record,” said the former Olympic triathlete who clearly has not lost any of her competitive juices, winning in 2.49.10.

McIlroy said she was not going to get caught again and was grateful to find a strong group to stay with going up to the Hilltop. “Last year, I had to do a lot of racing by myself, so it made a big difference to be able to stay with a group.”

The 37-year-old said that she “was done with Le Race” after ticking the cycling classic off her bucket list. “But never say never,” said McIlroy who finished more than two minutes ahead of Henrietta Christie and 13 minutes ahead of Julia Grant in third.

Both race winners picked up the $500 winners check as well as the $500 dollar bonus from Harcourts Holmwood for beating the course record, and were followed by a field of around 700 riders of all ages and abilities, including blind tandem rider Blair McConnell and riders on vintage bikes.

The 53km Le Petite Race to Little River was won by Chris Ross and Sammie Walker in the women’s race.

 

 

We are excited to announce that the wait is finally over. Please come along to our open day to check out our new Ilam Office at 292 Clyde Road on Tuesday 19 March 12pm-4pm.

Once again Harcourts Holmwood are offering a $500 prize to the first man and first women that break the current race records in the upcoming Le Race event, Saturday 23rd March.

Le Race is a 100km cycling race with mixture of challenging hill climbs, fast flats and exhilarating downhills that travels from Cathedral Sqaure in Christchurch, across an extinct volcano, to the French surrounds of Akaroa.

It has been won by some of the country’s leading cyclists, including nine time Tour of Southland winner and Commonwealth Games medallist Brian Fowler, former junior world champion Jeremy Yates, Commonwealth Games representative and Olympian Heath Blackgrove, six time New Zealand duathlon champion Mark Bailey and in recent times Christchurch pro cyclists Sam Horgan, Michael Vink and teenager Keagan Girdlestone, who in 2014 was the events youngest ever winner.

Historic Christchurch Property has Sold

Kate Sheppard’s former Christchurch home has a new owner, five months after it went on the market.

The sprawling villa with more than 4000sqm of land in Clyde Rd, Ilam sold. Built in 1888, it was Sheppard’s home for 15 years and was the base for her suffrage campaign.

Kate Sheppard House for Sale - Harcourts Holmwood

The villa passed in at auction in October, when Harcourts Holmwood auctioneer Phil McGoldrick said the owner was unwilling to discuss a sale price of less than $3.5 million. The property was valued at $3.15m.

Harcourts Holmwood Agents, Martin and Laurie Sutton, said the market for a property of that value was small, so the interest was good for the price.

The house is a four-bedroom, three-bathroom home and has a Category One protection order heritage listing.

Burbury earlier said she and her ex-husband “had no idea” of its significance when they bought it.

“It was pretty amazing. Prior to that it had been just our home, but after that it felt like a real privilege to be here,” she said.

The original villa is still visible from the front of the property but it has been extended and modernised inside. A swimming pool, tennis court, stream and artesian well have been added.

Burbury, who turns 70 this year, hired the property out for a time as a venue for weddings and functions. She earlier said she plans to to spend more time at her beach house in Kaiteriteri and in England.

“I’ve truly loved it but it’s now time to pass the baton on.”

Update on the Christchurch real estate market by Jim Davis

As Christchurch rolls into the traditional post Christmas busy period, it is pleasing to see that the recently released January sales statistics still show a continuing strong steady Christchurch marketplace.

The release of the REINZ stats for January indicate that there were 397 recorded residential sales in our City with a recorded median sale price of $440,000.  Anyone who regularly reads this market comment will know how steady our market has been in Christchurch over the last couple of years.  The stated figures for this January when compared to figure for January 2018 of 402, show that my steady average market comments have been spot on.

real estate christchurch

January is never a big month in terms of sales, simply because the sales teams and the market are generally in holiday mode till late in the month. What we have just experienced is very much, another average January in terms of sales data and history. Neither good nor bad and difficult to gauge any early trend from.

Property listings are the life blood of any real estate business and the volume of listings coming into Harcourts across the city continues to track well in comparison to other years. Harcourts continues to be the preferred company across the city with close to every second new property to the market being listed by Harcourts.

christchurch real estate holmwood

There is one aspect of our business that has gone through a big change since the 1st Jan and that is the new legal requirement under Global Anti money laundering legislation. We in the industry are required to conduct “Customer Due Diligence” on everyone who wishes to sell property.  This is part of Global legislation that the New Zealand Government signed up to many years ago and now the Real Estate industry is required to dig a bit deeper into the identity of the individuals owning property before it can be sold.  The process is even more in depth when we have property in owned by overseas owners, in Trusts or any company structures.  In essence we have to get all property ownership back to the person who ultimately owns the property along with a raft of other information.

For some people this can feel a bit intrusive, but unfortunately it is the new law. Why am I telling you all this? Primarily so you can be prepared, but also so you consider carefully who you are selling your property through. With all this new legal legislation it is comforting to know that Harcourts has already spent considerable time, training and educating their consultants.  More importantly they have invested in the services of the acknowledged leaders of systems needed to keep your information secure.

The months of February and March are traditionally the busiest times of the year, there is generally more stock available and more property is sold. There is no company who can offer the results that Harcourts can. With the busiest time of the year now upon us make the most of the opportunity, list with Harcourts and know we have the training, expertise and resources to get you the best result.