Burnside High School zone has been extended beyond what it was in 2019 and 2020. It’s now set into Bishopdale and Papanui from the 2022 school year. The Ministry of Education will continue to monitor the roll at Papanui High School, and this overlap area would be one that the school’s zone could withdraw from in the future should they become at risk of overcrowding.

This comes as part of a seven-year project by local principals and boards of trustees to manage enrolments across the city. Seven schools – Burnside High, Hillmorton High, Mairehau High, Papanui High, Riccarton High School, Linwood College, and Haeata Community Campus will amend or implement their enrolment zones.

The four single-sex state high schools – Christchurch Girls’, Christchurch Boys’, Shirley Boys’, and Avonside Girls’ – will have “dual-layer” enrolment schemes where their zones overlap with that of a nearby co-educational school.

Click here to view interactive map of the new Burnside High Zone

The standard response when you’re thinking about selling your home (but are not sure when) is ‘Sell in Spring’. There is plenty of truth that warmer, drier weather and post-winter itchy feet, encourage potential buyers to open homes.

But life doesn’t stop for winter. People still need to move, whether it be for new jobs, for family reasons or just those itchy feet. Even though the weather is cooler, there are some distinct positives to selling your property in winter.

For a start, there are a lot of people who stick to the ‘List in Spring’ rule, which means you have less competition from other sellers in the market at the same time.

Also, if people are willing to make the effort to get out-and-about to view open homes on cold, wet days, then likelihood is that they’re motivated to buy! This is reflected in the latest market statistics showing a median sale price increase of $15,000 compared to last June, and the number of sales up from 488 to 517.

Update on the Christchurch real estate market by Hayden Broadbelt

May was a month that we felt Jack Frost return from his summer slumber. His fingers wrapped around us at the start of the month, however, it didn’t dampen confidence on the Christchurch real estate market. Whilst the market remained stable, 654 sales saw a significant lift in sales from April with the median sale price static at $452,500.

The five-year trend line continues to inch North reassuring both buyer and vendor alike. This surge in sales provides evidence that investors are returning on the back of our coalition Government not going with Dr Cullen’s recommendation on a Capital Gains Tax (CGT). First home buyers remain active but are bound by borrowing restrictions. Banks are taking a cautious approach around the historically low-interest rates provided. Our auction results continue to be pleasing with clearance rates up. Those with their finance in place are securing excellent results within our auction rooms.

Days on market has increased by 1 day to 40 days, indicating our marketing method time frames are lengthening due to the vendor and buyer price expectations out of alignment. Whilst many take a conservative approach during the colder months, those who like to purchase property without the summer competition are securing great properties.

Driving through our great city it’s exciting to see new buildings completed. Our residential sales teams are listing more and more properties within the four avenues and businesses are starting to return to the CBD. Accommodation projects are taking shape, and the hustle and bustle is returning. Like anything starting again, our hospitality sector as well as retail needs your help to get going. They rely on us to visit the CBD, to explore our heart and enjoy what’s being created.

Property listings are the lifeblood 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

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.

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.

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