archive-nz.com » NZ » C » CHARTAREALESTATE.CO.NZ

Total: 157

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • New House Demand Still High » New House Demand Still High
    and 160 000 new homes in rural areas over the next 30 years The biggest greenfield developments on the blocks are Pokeno Village Estates at 1500 sections when completed in a bit over a decade Millwater at Silverdale has 3000 sections and is due for completion around 2019 Long Bay is 2500 sections with an expected 2020 completion date Other medium size developments on the go or planned include Massey New Lynn Northern Tamaki Hingaia in Karaka Pukekohe and Papakura At the larger developments homes are rising fast As sections are released they sell quickly in the current market About half of the latest tranche at Millwater went to spec buildings and show home companies a spokesman said But many are outside of the price range of first home buyers says Harcourts chief executive Hayden Duncan Council and central government red tape makes it unattractive for big overseas and local developers to build more homes Duncan says One trend in the new home market Harcourts has noticed is the resurgence of the infill housing market That in part accounts for the large numbers of sections for sale through real estate agents Speculators and investors are buying quarter acre sections to subdivide although the resulting homes aren t necessarily affordable Prices continue to rise and new sections and houses are snapped up as they re released Another big trend in Auckland is brownfield development as industry moves to the outskirts of the city One of the better known developments is Stonefields Mt Wellington where 140 apartments are yet to be built Auckland wide 2500 new apartments are coming onto the market over the next two years according to Bayleys Research The biggest new apartment development is the 801 dwelling Rose Gardens in Albany followed by 285 apartments at nearby Library Lane

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/23/?q= (2016-04-27)
    Open archived version from archive


  • Otahuhu - The New Ponsonby! » Otahuhu - The New Ponsonby!
    rises it seems many of the rules about Auckland s traditionally more desirable suburbs are changing I was surprised to hear that some new homes in Henderson Heights are selling for over the 1 million mark and that huge prices are being paid for homes in Sunnynook as people fight to enter the Westlake Boys High School zone However it got me thinking about the characteristics that made Ponsonby desirable and why well heeled professionals started moving in to buy villas and bungalows and embrace the cultural diversity rich history and character in both people and homes that the suburb offered It is the suburb s proximity to the city that sets it apart from most other parts of the city as the value of this has grown along with our population and gridlock issues Andrea Rush QV national spokesperson So in terms of city fringe suburbs that still have proximity to the city there are parts of Grey Lynn that still offer relative value for money in the 1 million suburb QV stats show 633 Great North Rd sold in August 2014 for 750 000 and 42 Tuarangi Rd sold for 783 000 while 693 Great North Rd sold recently for 805 000 All were three bedroom stand alone homes just 10 minutes drive from the centre of the city but that part of Grey Lynn is still not as desirable as other parts of the suburb and the Grey Lynn shops are yet to become gentrified However if you are looking in the 500 000 to 600 000 range my other picks for suburbs that have room to grow that are still relatively close to the city centre are the homes in Wesley which make up the more affordable parts of Mt Roskill and are about 15 minutes

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/22/?q= (2016-04-27)
    Open archived version from archive

  • First-Home buyers beat deposit rules » First-Home buyers beat deposit rules
    executive Helen O Sullivan said that while new builds could be a good option for first home buyers there were fish hooks to be wary of She advised such buyers to get good technical and legal advice before signing any documents The Reserve Bank brought in the construction lending exemption in December 2013 after admitting the LVR limit had a more significant impact than previously thought on building activity While high LVR construction lending is only around 1 per cent of total residential borrowing it finances around 12 per cent of residential building activity or up to 200 new builds a month The latest Statistics New Zealand figures show building consents for new dwellings were up 16 per cent in 2014 over the previous year to 24 680 the highest level since 2007 Auckland was up 20 per cent for the year to 7595 The supply of affordable new build houses is getting a boost with seven councils having joined the Government s fast track Housing Accord This cuts red tape holding up new housing developments In the 80 special housing areas designated in Auckland to date developers building 15 or more homes have to make 10 per cent of the total build affordable housing and sell each at no more than 75 per cent of Auckland s median house price In April the Government s new 218 million HomeStart package kicks in doubling the grant first home buyers can receive and increasing the amount they can withdraw from KiwiSaver to buy a house The house price limits for both HomeStart and KiwiSaver will be lifted in Auckland from 485 000 to 550 000 which is more in line with new build prices New build option gets couples on property ladder Auckland fireman Nick Linton and his fiancee Maria Fraser have just bought a three bedroom townhouse off the plans for 520 000 at the Sun Haven development in Sunnyvale paying just a 10 per cent deposit The pair who have a 10 month old daughter Isla had given up hope of being able to buy an affordable home after trying unsuccessfully for several months and other people offering 150 000 over what we could pay Mr Linton said We basically were resigned to buying a first home two bedroom absolute dump in Mangere or Otara he said but the 20 per cent deposit required under the LVR restrictions was still an issue Although the couple are paying reasonable rent of 320 a week in Meadowbank Mr Linton said it was in the national psyche to want to own your own home even if it meant borrowing 468 000 I ve never been so excited about getting so far into debt It s bizarre when you think about that much debt Spark employee Jenny Ingram Tung and her husband Nicholas have also bought into the same development borrowing 459 000 to buy a 520 000 three bedroom townhouse The couple who have two young daughters struggled to afford to buy

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/21/?q= (2016-04-27)
    Open archived version from archive

  • Juwai Brings Chinese Buyers to NZ » Juwai Brings Chinese Buyers to NZ
    number seven It s a similar time zone It s only about eight or nine hours travel down from China to Australia or New Zealand And if you re sending your kids overseas to study it s only a two or three hour time difference in terms of telephone calls and contact New Zealand s also got a fantastic reputation in terms of produce education lifestyle and tourism And so New Zealand has a very good brand reputation So what exactly are they looking for in housing What do they want Generally Chinese consumers when they re looking to invest in property internationally they re looking to fill one of four major buyer motivations The first is investment in property overseas It s become increasingly difficult to buy a second or third property in China and so looking at investment opportunities overseas is a big driver The second is education A lot of Chinese will send their kids to study overseas and as part of their study they ll purchase a property for them to live in while they re studying The third is lifestyle so this is the trophy homes and the penthouses and the mansions And the fourth is for immigration So how much are they spending Typically the average spend of a Chinese investor is about NZ 1 4 million so roughly about double what a first home buyer or a domestic buyer would purchase So how big do you actually see that demand getting over time If we re popular now is it just going to keep growing Yeah we think we re at the very beginning of the Chinese outbound property cycle We saw rather large growth over the last three years Three years ago it was probably 10 billion globally Last year it was approximately 52 billion globally We re seeing a net increase of roughly 15 to 20 per year expected for 2015 2016 So this is just really the start of it then Very much so I mean the Chinese have only just started to look at the world as an emerging opportunity and we re starting to see investment by Chinese into international markets And it s not just money from China It s also money from Chinese communities around the world We see a lot of investment in New Zealand coming from Singapore Hong Kong What s actually pushing that growth then that increase in demand There s a couple of things One the Chinese are becoming wealthy You re seeing this more and more across the board You have Chinese who have become wealthy through mining through manufacturing And the new sector which is emerging very very strongly is technology millionaires And so at the same time you ve got China emerging with wealth they re also sending their children overseas to study a lot more and more frequently And also you ve got the outbound tourism About 100 million Chinese travelled overseas last year on international holidays and

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/20/?q= (2016-04-27)
    Open archived version from archive

  • Rural Urban Boundary - Fact Sheet » Rural Urban Boundary - Fact Sheet
    We expect to see evidence from developers that they have talked with the local community major infrastructure providers and iwi when planning for greenfield areas This is to ensure that new zones take account of local aspirations We also encourage developers to engage with local boards early in the process For resource consents in SHAs an applicant is incentivised to talk with adjacent owners and infrastructure providers before an application is lodged to enable a non notified process and avoid hearings Once an application is lodged adjacent landowners may have the opportunity to have their say but only if the council considered notification necessary The Housing Accords and Special Housing Areas Act 2013 HASHAA limits notification to owners of adjacent properties and infrastructure providers only It also limits appeal rights To qualify as an SHA areas will need to meet a specific set of criteria and will be assessed by the HPO for suitability see the criteria document If you think an area qualifies as an SHA and would like to apply for SHA status email the href mailto specialhousingarea aucklandcouncil govt nz target blank style color rgb 48 93 114 outline none box sizing content box important Housing Project Office or contact us on 09 373 6292 Special Housing Areas The criteria PDF 129KB SHA locations View the Special Housing Area locations for tranches 1 2 3 and 4 Overview of Tranches 1 2 3 and 4 PDF 2 6MB Announcements September 2014 The overview map shows the fourth set of 17 SHAs Click individual area names below for more site specific information September 2014 overview map PDF 2MB This overview map showing the fourth set of 17 SHAs The area names below for more area specific information Akoranga Drive Northcote Barrack Road Mt Wellington Bellfield Road Papakura Bunnythorpe Road Papakura Coates Avenue Orakei East Coast Road Pine Hill Enfield Street Mt Eden Corner Great North Road and Walsall Street Avondale Harbourside Drive Hingaia Mokoia Road Birkenhead Morrin Street Ellerslie Racecourse Parade Avondale Redhills Fred Taylor Drive Stage 1 Whenuapai St Lukes Road Mt Albert Takapuna Strategic SHA Tamaki Regeneration Area West Hoe Heights Orewa May 2014 The overview map shows the third lot of 41 new SHAs and extensions announced May 2014 overview map PDF 4 1MB Click on the area names for more area specific information Strategic SHAs Albany East Strategic Area Flat Bush Strategic Area Great North Road Strategic Area New Lynn Strategic Area Northcote Strategic Area Otahuhu Coast Strategic Area Takanini Strategic Area Other SHAs Akepiro Street Mount Eden Albany Highway Albany Asquith Avenue Mt Albert Beach Haven cluster Bedford Street Parnell Bristol Road Mt Roskill Coburg Street Henderson Crows Road Swanson Denver Avenue Henderson Fred Taylor Drive Massey Glendale Road Glen Eden Haverstock Road Sandringham Hulme Place Henderson Jordan Avenue Onehunga Kohimarama Road Kohimarama Massey cluster Meadowbank cluster Mt Albert cluster Mt Roskill cluster New Windsor cluster Northcote Road Takapuna Oraha Road Kumeu Orakei cluster Oruarangi Road Mangere Pt Chevalier Road Pt Chevalier Rautawhiri

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/19/?q= (2016-04-27)
    Open archived version from archive

  • National housing inventory hits lowest level in six years according to Realestate.co.nz » National housing inventory hits lowest level in six years according to Realestate.co.nz
    McKenzie says record shortages are not overly surprising given how fast the market is moving We re continuing to see a very heated market in New Zealand Inventory is way down on the long term average of 38 weeks Supply is the main culprit there simply are not enough properties on the market at the moment The number of new listings coming to the market in June was down 5 on the same time last year The 9 082 new listings is the lowest number recorded in June in seven years and follows strong listing numbers in April and May While we normally see listing numbers fall around this point of the year the figure is still surprising especially with the high level of demand from buyers we are currently seeing says McKenzie Asking prices nationwide eased slightly in June to 450 178 down just 1 from the record high figure seen in May with prices in Auckland falling 1 3 to 623 471 However both Wellington and Canterbury asking prices rose 1 to 451 622 and 410 723 respectively Realestate co nz describes itself as the country s most comprehensive property listing website profiling listings of licensed real estate agents with more than 110 000 listings covering residential commercial business as well as farms for sale ASB senior economist Jane Turner said the imbalance between supply and demand had continued to place upward pressure on house prices The housing market has been undersupplied for a number of years due to low levels of construction Further adding to that imbalance demand for housing has improved over the past 6 months Consumer confidence has lifted supported by low interest rates Fixed term mortgage rates dropped during the middle of 2012 with some rates below the floating rate In addition investor interest

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/7/?q= (2016-04-27)
    Open archived version from archive

  • Asking prices surge to all-time high » Asking prices surge to all-time high
    but a 10 000 increase on the previous high is significant That s an eight per cent increase on July 2012 To put that in context the last time we saw a record monthly high in asking price in May it amounted to a four per cent increase on the previous year he said Auckland s average asking price rose to 639 685 last month 1 3 per cent higher than the previous record high in May Canterbury and the West Coast recorded asking prices of 422 043 and 318 816 respectively Figures on new house listings also showed a slight recovery in numbers Mr McKenzie said it was the strongest July for monthly listings since 2010 This is the first time since 2009 that we ve seen new listing numbers higher in July than June ordinarily we d expect to see them start pick up around September Despite this the number of listings in Gisborne and Hawke s Bay last month fell to an all time low Overall listings were expected to rise in coming months with a corresponding ease in inventory levels Mr McKenzie said By the numbers 9587 new listings in New Zealand Five per cent rise

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/8/?q= (2016-04-27)
    Open archived version from archive

  • $1 million for a wreck? Only in Auckland » $1 million for a wreck? Only in Auckland
    surprising that it s seen as the perfect location for a scary movie to be filmed I ve actually had quite a few companies contact me to see if they can film some scenes in here Vogel from Barfoot and Thompson listed the property last week after the owners decided that it was finally time to part ways with it despite a long standing history with the property It has been in the family for about four generations and I m thinking that is about 60 to 70 years Records of ownership only show back to 1947 but clearly it was built long before that I m thinking the late 1800s early 1900s ALL ABOUT THE LAND The significance of the property is not the history however it s the value of a 381 square metre section in such a premium Auckland location that will see the villa go for an amount that will seem astronomical to most The 2011 Council assigned CV is 690 000 but we are expecting it to go for a lot more than that at auction The feedback from the first weekend of open homes was that the land value alone was around the 1 million mark and realistically serious buyers will be looking between 1 to 1 5 million says Vogel Because the council zoning of the property is Res 1 there are tight limitations for the redevelopment or rebuilding of the home with height limits and character features that need to be adhered to and this is why Vogel is expecting the buyer to be a very experienced builder who understands the council process It is definitely not a project for a first time renovator The good news is though if you can t be bothered with the massive amount of work that

    Original URL path: http://www.chartarealestate.co.nz/news/detail/id/14/?q= (2016-04-27)
    Open archived version from archive