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city fringe FLYER

NOW SELLING

Some buyers take big-money risks as housing market bubbles away

B
UYING a house is the biggest deal most of us make in our lifetimes, especially in Auckland where $500,000 or $600,000 is needed to secure even a modest property in many suburbs. Wise and careful buyers will take their time and do their homework before committing themselves to big mortgages and that works fine in a normal market where buyers and sellers are around in equal numbers. But what happens when demand is far ahead of supply when lots of people are looking to buy and there arent enough properties for sale to satisfy them?

Cornflake gets the kids hopping

web ID AD12808 23 Asquith Ave, Mt Albert Auction, 7pm Wed 22 May 2013* 3 brm + sunroom beautiful character bungalow with established garden and garage in MAGS & Gladstone school zones. Anne Duncan 021 996 426 Emma Duncan 021 845 347

web ID AD12813 33/8 Soljak Place, Mt Albert Price: $By Negotiation The ultimate 2 level, 2brm, terraced apartment, with open plan living, situated in a secure gated complex. Gary Agnew 021 960 533

To start with, as frustrated Auckland buyers are certainly aware, prices quickly move up, making this a great time to sell. The other side of the equation is the pressure on buyers in a heated market to act quickly or risk yet again missing out. As open homes and auctions draw big crowds, Anne Duncan Real Estate consultants are noticing that some buyers are choosing to bypass the homework to sign a deal before someone beats them to it. For agents, its something of a balancing act because Real Estate Agents Authority rules require them to advise would-be buyers to seek the counsel of lawyers before signing a deal. But in todays market some people feel it chews up too much time, potentially allowing another buyer to step in and make an unconditional offer. Rather than run that risk, they are choosing to sign a contract without first checking with lawyers. While only a few people consider signing without legal advice, Anne Duncan is worried about the trend. She says the issue can arise when multiple offers are on the table and a buyer wants to make an offer that is as clean as possible.

HOW do you grab the attention of a mob of enthusiastic youngsters? Easy you leave it to Cornflake the Clown. Cornflake was a star turn at the great annual Easter Hunt on the mountain on Easter Sunday, organised and sponsored by Anne Duncan Real Estate. It was a great family day, drawing 250 children (and the Easter Bunny) for a morning of good fun, healthy exercise and chocolate! Her consultants will always urge buyers to talk to lawyers before committing themselves. Its right and proper that we do that, she says. We act for the vendor, but it is in no ones interests for unforeseen issues to arise after a sale has gone ahead. Buyers are fearful of missing out and I understand the pressures on them if offers they have made are being overtaken. But we are talking here about major events in peoples lives and it is just so important to get good legal advice. Anne points to just one local example - on the day a house was listed for sale by auction, a party made a cash unconditional offer attractive to the vendor, insisting he wanted to sign the contract without legal advice. He didnt want to run the risk of missing out, even though he had spent just a few minutes looking around the property. I do realise the frustration and stress felt by buyers who are missing out and are watching prices rise, she says. But buying a house is a serious business. People who spend $5000 on a car will get an AA check and take their time to make sure its okay, yet some people are prepared to sign a contract for a $700,000 or $800,000 house without checking with their lawyer. I think thats really ill-advised. Meanwhile, the local market continues to fire and the company has had a strong start to the year, with auctions bringing terrific results. The buyer interest is enormous, says Anne. This is a brilliant time to sell and I think most people would be pleasantly surprised at the prices their properties would fetch.

web ID AD12804 16A Walker Rd, Pt Chevalier Set Date of Sale: 3pm Monday 13 May 2013 Exclusive access to a sheltered rear site, with quality homes surrounding. Beautifully flat section with a gradual elevation to the rear, all day sun with predominate North West aspect. Jamie Morrison 021 684 400

web ID AD12760 36A Asquith Ave, Mt Albert Price: $1,125,000 Tucked down a long drive sits a very large impeccably presented 4 brm + studio resort style residence providing fabulous options for a growing or extended family. Gary Agnew 021 960 533

* Unless sold prior

www.anneduncan.co.nz

09 846 9470

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www.anneduncan.co.nz
Anne Duncan Real Estate Ltd
LICENSED REAL ESTATE AGENT (REAA 2008) MREINZ

41A Trevola St, New Windsor Anne Duncan, Wendy Keats

The team
Anne Duncan 021 996 426

Your advantage

1 Stewart Rd, Mt Albert Greg Whitta

20 Calgary Street Sandringham Gary Agnew

Greg Whitta 021 992 612

John Covich 021 946 933

Vincent Barnao 021 275 8925

Gary Agnew 021 960 533

Jamie Morrison 021 684 400

40 Lloyd Ave, Mt Albert Anne Duncan, Emma Duncan

Mark Bailey 021 714 799

1 Linwood Ave, Mt Albert John Covich

Emma Duncan 021 845 347

Wendy Keats 021 216 7332

Julia Rust 021 489 169

Theo Thrasy 021 0277 6517

181 Carrington Rd, Mt Albert Julia Rust, Gary Agnew

Grayson Ford 027 333 6803

Kerry Glengarry 021 977 670

Des Ryder 0274 222 334

Rentals

Shane Ryder 0274 222 585

Rentals

Hazel Hokianga 021 896 425

Rentals

219 Mt Albert Rd, Sandringham Mark Bailey

HOW TO REACH US
746 New North Road, Mt Albert, Auckland Ph 09 846 9470 www.anneduncan.co.nz

95A Haverstock Rd, Sandringham John Covich

THINKING OF SELLING?
21 Cambrai Ave, Mt Roskill Vincent Barnao

For an obligation-free appraisal of your home, fill out this slip and drop/post it into our offices: 746 New North Rd (opposite Rocket Park). Well make contact after that. Your name Address

What best describes your position? (tick)

Keen to sell now/soon Need appraisal before making up my mind Simply interested in what my house is worth

37 Weston Ave, Mt Albert Anne Duncan, Emma Duncan

Phone
35 Linwood Ave, Mt Albert Jamie Morrison 4 Burch St, Mt Albert Jamie Morrison, Vincent Barnao

City Fringe Flyer is a community newsletter and readers should seek professional guidance before acting on any advice, opinion or information found in its columns. It is published by Anne Duncan Real Estate Ltd, which cannot accept any liability or responsibility for any loss or damage suffered by any individual or group acting on any material it contains. Editorial inquiries: bruce_morris@xtra.co.nz

We make a living by what we get, we make a life by what we give (Sir Winston Churchill)

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web ID AD12806

web ID AD12811

13 Thomas Ave MT ALBERT

3 brm bungalow with native wooden floors & gas fire on a full section, ideal for busy kids. In zone for MAGS, with popular Gladstone Primary School just up the road, close to shops & transport.

Kerry Glengarry 021 977 670 Auction: 7pm Wed 22 May 2013*

39 Alexis Ave MT ALBERT

Spacious 4 brm family home with great flow. Fabulous master brm suite, central heating, ventilation system & excellent storage. In zone for MAGS & Gladstone.

Anne Duncan 021 996 426 Emma Duncan 021 845 347 Auction: 7pm Wed 22 May 2013*

web ID AD12805

web ID AD12808

2/23B Western Springs Rd MT ALBERT

Renovated to an exceptionally high standard,stunning family room, contemporary kitchen, butlers pantry, this is a very special home.

Jamie Morrison 021 684 400 Vincent Barnao 0212 758 925 Auction: 7pm Wed 22 May 2013*

23 Asquith Ave MT ALBERT

3 brm + sunroom beautiful character bungalow with established garden and garage in MAGS & Gladstone school zones.

Anne Duncan 021 996 426 Emma Duncan 021 845 347 Auction: 7pm Wed 22 May 2013*

* Unless sold prior. The Anne Duncan Real Estate Auction Centre is located at 746 New North Rd, Mt Albert.

web ID AD12809

web ID AD12807

40 Chatham Ave MT ALBERT

Funky 3 brm 1920s character Bungalow with apartment style. Nth facing generous deck with landscaped tropical garden. Great location, Gladstone & Mt Albert Grammar School zones.

Gregg Whitta 021 992 612 Auction: 7pm Wed 22 May 2013*

420A Richardson Rd MT ROSKILL

Attractive 850m2 site (subdividable with council approval) with elevated northerly aspect. Existing tidy 3 brm home + huge dble gge for immediate occupation or rental income.

Mark Bailey 021 714 799 Auction: 7pm Wed 22 May 2013*

web ID AD12810

web ID AD12814

20 La Veta Ave MT ALBERT

Solid brick & tile 3brm family home with spacious kitchen, diner & separate living. Rumpus & workshop/gge, in MAGS zone. Potential to add value.

Anne Duncan 021 996 426 Emma Duncan 021 845 347 Auction: 7pm Wed 22 May 2013*

1012 Great North Rd PT CHEVALIER

Large Californian bungalow with 4 double brms or 3 brms & 2 living areas. Comfortable living on offer with great potential to add value.

Vincent Barnao 0212 758 925 Grayson Ford 027 333 6803 Auction: 7pm Wed 5 June 2013*

Sometimes life is going to hit you in the head with a brick. Dont lose faith (Steve Jobs)

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city fringe FLYER

Have your say on masterplan that will change the future shape of our city
UCKLAND is on the verge of the biggest planning change in its history aimed at creating a compact city that stops spreading out and starts going up and its not too late to have your say. The Auckland Unitary Plan introduces a new planning rulebook to cope with the extra million people who will be drawn to the city in the next 30 years. It will bring in new housing zones across the supercity, changing the present status of more than half Aucklands residential land. The council has set a deadline of May 31 for feedback on the draft plan; the deadline for the formal notification of the new process is September this year. The plan affects all Auckland suburbs and will have a strong influence on the future shape of Mt Albert, Pt Chevalier, Waterview, New Windsor, Avondale, Owairaka, Western Springs, Sandringham, St Lukes and Kingsland. It creates a series of new zones, like: Terrace housing and apartments where buildings of four to sixstoreys will be allowed. Pockets of these developments will be spread through the city fringe in areas, for example, like the western side of Mt Albert village and down the edge of Carrington Rd; a patch in the east of Western Springs; and a circle around the intersection of Sandringham Rd and St Lukes Rd, and north down the edge of Sandringham Rd. Mixed housing the most widespread zone, which enables the building of two-storey houses (detached, semi-detached, town houses and terrace housing). Most of the area from New Lynn and Avondale to Mt Albert and Sandringham carries this zoning. Local centre a mix of small-scale commercial businesses, offices and retailers in buildings that can reach from four to eight storeys, with apartments on upper floors. Typically, this zone covers small town centres, like Mt Albert village (where the limit will be four storeys). Large pockets of single house zones remain (in Mt Alberts Golden Triangle and around the mountain, for example, and also through Kingsland), but otherwise the Unitary Plan will in time bring huge change across Auckland. Of course, the plan only outlines

A chat with... Grayson Ford

How would others describe you? Coffee-addicted, cleanliness freak. Virtues and vices? I say what is on my mind, honest to a fault it gets me in trouble sometimes. What brightens your day? Watching my boys play together. What really annoys you? Mess, I cant stand my house being untidy. The thing youve always wanted to do but havent yet cracked? To be a contestant of The Block One thing youve learned about life to take to the grave? Not to judge someone on looks. Who do you look up to who inspires you? My late father and grandfather - both incredible, honourable men. Who would you get to share the dinner table of your dreams? Gordon Ramsay, Carlos Spencer, Scotty Cam (from The Block Australia), Steve Jobs, and some good mates. What would you eat? Fresh seafood, after a day of fishing and diving. My favouritefood: My wifes baked cheesecake; tipple: 20 year old Talisker whisky; TV programme: Revenge; movie: The Hunger Games. Grayson, who went to school at St Peters in Cambridge, is a boatbuilder by trade but has been self-employed for 7 years within the building industry. He bought his first home when he was 20 and over the last 10 years he has renovated 4 houses each one a bigger project than the last. He lives in Pt Chev with wife Chamon and two boys, Declan (2) and Elliot (7 months).

ANNE Duncan has a hectic business life, starting work most days at 7am and getting home at 8pm and later, but she always finds plenty of time for family. And that family has just expanded with the arrival of first grandson, Darragh, who was born on February 15 and weighed in at 8lbs 12oz. Darraghs the first off-spring of Annes daughter Helen and her husband, Owen, and joins 10-year-old Kayla (daughter of Emma Duncan, who works alongside Anne at the agency) in the family fold.

what will be possible in the future and does not impact on the existing rights of property owners. It shows you what you will be able to do, not what you have to do. In most areas the changes will be gradual (as, for example, developers slowly buy properties in a street designated mixed housing and then build two-storey terraced units). But in 25 or 30 years, the face of the city will have changed. To have your say or find out more of the plan and see where your property sits, go to the Auckland Council website (www.aucklandcouncil.govt. nz) and key in unitary plan in the search space. ENIOR consultant John Covich won two of the main accolades at the 2012 Anne Duncan Real Estate Awards. John was named number one salesperson and number one lister at the awards, with Anne Duncan herself taking the auction award. Other awards went to administrator Shelley Naden (number one support person), consultant Gary Agnew

John Covich

Gary Agnew

(learned award) and Property Manager Hazel Craw. new lease agreement between the ASB Bank and the Mt Albert Grammar School board of trustees has secured the future of the school farm. The ASB will continue to lease the land to the school for an effective 99-year term with a nominal annual rent of one dollar. The farm was originally established in 1932, and needed special legislation to allow the Auckland Savings Bank to buy the land from the Kerr-Taylor sisters and then lease it back to the school. The bank made a grant of 2000: 1600 to enable 20 acres of the Alberton estate to be bought outright, with the balance to provide equipment for the farm.

Life is a moderately good play with a badly written third act (Truman Capote)