If your must have list has ‘ready to move into’ look no further than this immaculately presented home - you've found it! Sitting amongst good company in an area surrounded by quality homes in an established neighbourhood, you'll breathe a sigh of contentment on entering this peaceful abode. The owners are committed down south, and need this home sold to move on with their future plans!
77 John Street, Pukekohe
Viewing is advised to appreciate what is on offer here.
Get to the open homes, or phone now for your private appointment!
NEW LISTING - another great home on Opaheke Road is now on the market. Available for viewing by appointment so please call me to arrange a suitable date/time.
19A Opaheke Road, Papakura
Viewing by appointment or visit the Open Home on Sunday 23 April - 12.00pm to 12.30pm
33 Takanini School Road, Takanini
A change in circumstances means that this 861 m2 (more or less) property is now priced for urgent sale - the sooner the better. This family home with loads of space is ready for a new owner now!
If your must-have list has "ready to move and little to do", look no further than this modernised ... read more
There are plenty of flats and units and apartments for sale at the moment ... and as a buyer you will come across the term Body Corporate.
Here's a wee addition to my Tops Tips webpage - an article that helps you understand the ins and outs.
Article : What Is A Body Corporate?
I hope it helps.
There are six huge moments in your life. You’ve got your birth, your first day at school, graduating university, buying your first home, getting married and retiring – we think it’s important to make sure each of these life changing occasions is special.
We may not be able to help you out with the other five, but we can certainly make sure buying your first home lives up to expectations. To that end, we’ve put together a first home guide to the getting the basics right.
Real Estate Institute of New Zealand data puts the average property price in the country at $490,000.
As you’ll know, property in New Zealand is not cheap. Real Estate Institute of New Zealand data puts the average property price in the country at $490,000 up over 9 per cent, over the year ending January 2017. Auckland’s is obviously higher, at $805,000.
These high prices mean that getting your finances spot on is more important than ever. Firstly consider using a mortgage broker when selecting a home loan – the service could save you thousands.
Next make sure that you buy well within your means so that you’re protected against changes in interest rates or your circumstances.
Picking a location
This is a particularly difficult decision, especially for Auckland residents. For most buyers in the big cities compromising on what you want will be necessary thanks to high house prices – perhaps a smaller home or a location further out of the city.
If you do move further out find an affordable growth area where possible. That way you’ll be able to find an home that fits your budget and will only climb in value, increasing your equity and allowing you to move into a large, more central home sooner.
In Auckland these suburbs may include places like Papakura or Franklin, where average values are still under $600,000, according to QV. Finding those pockets of value in your own area is easy with the help of a local real estate agent.
Buying your first home as your primary residence isn’t the only way to get on the ladder.
Buying your first home as your primary residence isn’t the only way to get on the ladder. Rentvestment is an increasingly popular option that entails renting your home and buying your first property elsewhere as an investment.
This allows you to live wherever you want to while still taking advantage of the benefits of owning property. New loan to value ratio (LVR) rules make this more difficult requiring a 40 per cent deposit for investors, however, there are ways to work with these rules like buying a new build.
Other popular alternatives include using a guarantor or buying with friends.
Kiwisaver is a godsend for young home buyers. You may be able to withdraw most of what’s in your account to buy property – provided you’ve been a member for at least three years.
You also may be eligible for a rather generous first HomeStart grant, courtesy of the New Zealand government. For purchasing an existing home, the grant is between $3,000 and $5,000 ($1,000 for every year of membership.). For a new build it’s double that, to a maximum of $10,000.
If you’re buying your first home soon, contact your KiwiSaver provider soon to find out if you’re eligible.
Apartment or house
Apartments may be more affordable, require less maintenance and cost less to live in.
This is one of the biggest decisions you’ll have to make. Apartments may be more affordable, require less maintenance and cost less to live in, in terms of bills and utilities.
On the other hand there may be body corporate fees involved, your living space might be smaller and you may not be able to renovate. Plus capital gains for apartments are generally lower.
Houses on the other hand will offer more space, the ability to renovate, easier car parking and higher value gains. On the other hand a house may be more expensive, as well as costing more to maintain.
Once you’ve made all of the above decisions and consulted with a mortgage broker, as well as a local real estate agent, you’re halfway there. However, before you purchase there are a range of checks you’ll need to run, and costs you may incur. Here are a few of the most common:
If you’ve ticked all the boxes and you’re ready to go, get in touch with your local real estate agent. With a trusted advisor by your side you can be sure your first home will be the start of something brilliant.
One of our esteemed leaders went to hear Tony Alexander talk at Mossgreen-Webb Gallery last night. Here are a summary of his comments last night (thank you for sharing Champak).
It's an insightful read. Enjoy :-)
The Auckland housing market has "slowed" and may even have "plateaued" for the short-medium term but there is nothing in the fundamentals that suggests there will be a short or medium term retraction in prices. The pricing of the Auckland housing market simply reflects a new equilibrium where demand meets supply.
Where does the AKL market sit at the moment?
- broad trend : flattening
- turnover down 12% on average compared to last year
- prices 95% higher compared to Sept 07 (last peak)
- rest of country on average has prices 35% up over the same period
- 27% of current sales in Auckland are to investors
- 13% of sales in Auckland are to first home buyers
- the remainder are existing homeowners moving around
- 80% of new apartments planned for the suburbs
Why are prices at their current levels?
Not enough houses being built since middle 2000s
- insufficient labour
- consent process too slow
- Auckland gets 60% of NZ's net migration flow
- 3 persons per house on average
Auckland is fast becoming a world class city
- depth in many sectors
- "Mini Lindon"
- price of houses in Auckland now reflects 2 people working per household
Auckland's population is growing rapidly
- migration + retention
- Auckland population CAGR last 3 yrs 2.8%
- Auckland has 34% of NZ pop vs 21% in of NZ's population in 1961
The world has settled into a low inflation environment
- low interest rates
- the search cost of information is almost negligible
- lower interest rate since the 1960s. Investors are looking for yield!
- they have seen a model for wealth creation through buying property ahead of the boom in their home countries
- catch up buying
- getting to the FOMO stage
- job is to keep inflation low & ensure lending astute 40% LVR restriction seems to have hit the sweet spot
So will prices drop? In a word: No.
For prices to drop would require:
- interest rates to rise strongly - not a high chance (we are structurally in a low interest environment)
- recession - unlikely as economy underpinned by various sectors (tourism, agriculture, technology, immigration)
- oversupply of houses - no chance of increase in construction rate as shortage of labour, materials & money
What does the future look like?
- money is in short supply in NZ due to low savings rate
- we will enter a period of credit rationing (like the 70s)
- cannot finance required borrowing organically - have to borrow it from overseas (still have 29% reliance on overseas debt)
- this may lead to a dropping off of demand but to what extent remains unknown
Thanks for reading. I look forward to helping you on your real estate journey - home or investment; just call me to take that first step!
The kids have grown and have kids of their own. These owners are moving on with their next set of plans and need this brick beauty SOLD!
One owner since built; spacious freehold corner site; ready for you to move in and enjoy straight away; set up for winter with insulation, DVS and heat pump ... and so much more !!!
View property (click here)
OPEN HOME this weekend - Saturday 08 April - 2.00 to 2.30pm
Or call me with your questions
Welcome. Fiona is a successful business woman with a long connection to Papakura and from a family with a long history of working in real estate.