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News

ANALYSIS: <a href="https://www.oneroof.co.nz/news/44496">Last week I wrote</a> about the key results from my post-election survey of existing property investors. These included no change as yet in net intentions of buying a property, but decreased concerns about the 2021 tax changes and tenant rules, obviously driven by anticipation of them changing. I also noted a sharp rise in the proportion of those opting to sell who said it was in order to finance another purchase.This week I am able to make some comments on the early results from my first post-election survey of real estate agents around the country. One key result is that whereas in late-September 40% of agents said that buyers were displaying FOMO – fear of missing out – that has now eased off slightly to 33%.This tells me that the market is not running away on itself with people feeling time is no longer on their side. However, there is now high awareness that prices are rising. A net 35% of agents say prices are going up in their location – essentially the same as last months 38%.But when asked about the things potential buyers are concerned about, only 9% of agents said falling prices after purchase. This is my FOOP measure – fear of over-paying. Last month the reading was 13%, three months ago 28%, and six months ago 68%. The latest result is the lowest in three and a half years. People accept prices are rising.Worries about a shortage of listings have eased slightly, likely reflecting anticipation of some investors soon moving to sell their properties when the brightline test goes back from ten years to two years. Also, in recent months listings have edged up slightly.But what about investor buying specifically? The net proportion of real estate agents saying that they are seeing more of them in the market has risen to 27% from 14% last month, 0% two months ago, and a net 44% six months ago saying fewer investors were appearing. This group of buyers is becoming increasingly active.In fact, investor net buying intentions (selling subtracted out) have just risen to their highest level since January 2021. For first home buyers this is important news which reinforces my point in recent weeks.The window of opportunity for young buyers to pick and choose from a large number of properties on the market and face little competition in the auction room and tenders is closing. I don’t think the speed of that closing is necessarily that fast, not with investors still out of favour with banks to some extent and interest rates so high. But the days of first home buyers accounting for 28% of all property purchases are numbered.On another matter, Statistics NZ this week reported that the number of consents issued for new dwellings to be built in September was down 37% from a year ago. These numbers have been falling reasonably steadily on a monthly basis since October last year. Before then consents for standalone houses had been dropping away, now multi-unit development consents are headed southwards.In an environment of strong population growth this decline in new house supply can do only one thing to prices – push them higher - unless interest rates should rise firmly again. They have certainly increased from a few months ago. But with householders still feeling good job security, as each month goes by more and more people are getting used to interest rates at these non-pandemic levels.The effectiveness of monetary policy therefore at restraining the economy is to some extent easing, not strengthening. Now, imagine what will happen when rising population and falling construction meet falling mortgage rates from probably late next year. It is not surprising that other forecasters are now approaching my expectation of prices rising 10% next year from 5% this year. 2025? Probably 15% or thereabouts.Welcome to the upward leg of the house price cycle. It usually runs for about six years, and we are now entering month six. &nbsp;

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There's growing acceptance that we're in the upwards leg of the cycle.

Tony Alexander: Expect house prices to rise 10% in 2024, and 15% in 2025

ANALYSIS: Recent figures from property analysts CoreLogic show that first time buyers accounted for 27% of all house purchases in the September quarter. This is well above the long-term average of 21% and consistent with what my surveys of real estate agents and mortgage brokers started showing in February this year.Late in 2022 a net 16% of agents in the survey I run with NZHL said that they were seeing falling numbers of first home buyers. Come February a net 22% said they were seeing more and in August this measure hit a peak of a net 66 seeing increased young buyers. My latest survey produced a 55% result which is still very strong and above the average of just 12%.As discussed here since early this year, young buyers have been accelerating their purchases because prices have fallen near 18%, listings are very strong, investors were absent in open homes and auctions, and deposits had grown after a period of good wages growth and reduced spending opportunities.Now, also as already discussed here, investors are showing increased interest. But there is no investor buying frenzy underway. At the end of 2022 a net 69% of real estate agents reported in my survey that they were seeing fewer investors. Come February this eased to 41% then 13% in July before hitting exactly zero in August. &nbsp;Now, a net 26% of agents say they are seeing more investors looking to make a purchase. This is the strongest reading since just before the tax changes announced in March 2021. But it is nowhere near as high as the measure for first home buyers.Why are investors looking to buy now? They can see prices are rising, so fears of losing capital from falling prices have almost entirely disappeared. They can see the logical implications <a href="https://www.oneroof.co.nz/news/44601">discussed here last week</a> of rising demand for housing from accelerating population growth set against falling construction of new dwellings.They also anticipate the return of interest expense deductibility slowly over the next three years and this is where we get an important driver of investor demand. They are buying because they expect other investors to buy. That is how asset markets work and why share prices sometimes soar and sometimes fall away quicky.First home buyers in contrast are mainly buying because they want a secure home to live in. The primary motivations are different - but they are deeply intertwined. In fact, first home buyers are now probably looking to intensify their house search because they are reading stories about investors coming back. They anticipate higher demand, reduced choice, and higher prices.Thus, much as it seems quite reasonable to say that high mortgage rates will prevent any rapid growth in house prices in the next six months, I’m not so sure. Buying to beat price rises is a powerful motivator. For the moment this feeling of FOMO – fear of missing out – is only running at about average levels. But it may not take much to take it above 50% from the current 33% reading – meaning 33% of agents in my latest survey felt buyers were displaying FOMO.&nbsp;What might be a trigger for even more haste and FOMO? My best guess would be good news on the inflation front bringing heightened expectations of easing monetary policy next year. So, keep a eye on things such as business price setting intentions measured in the ANZ’s monthly Business Outlook Survey, general commentary about businesses finding it easy to get staff and predictions of much higher unemployment, plus changes in international oil prices.- Tony Alexander is an independent economics commentator. Additional commentary from him can be found at <a href="http://www.tonyalexander.nz/">www.tonyalexander.nz</a> &nbsp;

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First home buyers are out in force.

Tony Alexander: Why Kiwis shouldn't bet against a rapid rise in house prices

Latest news and resources.

I am excited to be presenting to you this architecturally designed two & three bedroom townhouse development, 'HOLLY MEWS'.

'Holly Mews' has both two and three bedroom townhouses with garages, providing you with the option to secure exactly what you are looking for.   Each townhouse has been designed with thought in mind, with low maintenance exteriors but very trendy on the eye, and with the interior decor being in lovely warm neutral tones, your new townhouse will definitely feel like home.  

There are only TWO, two bedroom standalone townhouses available... offering you privacy and independence within the Holly Mews development.

OR are you looking for a three bedroom townhouse with a downstairs bedroom/ensuite, or a standalone two bedroom townhouse, well these options are available too!

Because of its prime location, Holly Mews will be located so close to so much...  walk easily to the Central City and Hagley Park, pop down to the local Edgeware shops & amenities, or take a short stroll to Merivale Mall with its shops, cafes, restaurants and bars.

Available options;
2 bedroom | 1 bathroom | 2 WC | no parking - (2 only)
2 bedroom | 1 bathroom | 2 WC | Single Garage - (4 only)
2 bedroom | 2 bathroom | 3 WC | Single Garage - (1 only)
2 bedroom | 2 bathroom | 3 WC | Standalone | Single Garage - (2 only)
3 bedroom | 2 bathroom | 3 WC | Single Garage - (4 only)
3 bedroom (x1 downstairs) | 2 bathroom | 2 WC | Single Garage - (3 only)
3 bedroom (x1 downstairs) | 2 bathroom | 3 WC | Single Garage - (1 only)

Are you looking to purchase your next or first home, an investment or lock up and leave... then you should definitely be contacting me about the fabulous Holly Mews!

>  Zoned for Christchurch Girls/Boys High, Burnside High School, Heaton Intermediate & St Albans Primary Schools.
>  Architect - Sublime Architecture

DOWNLOAD PROPERTY PACK > https://agentsend.com/A4EW

For any questions, please contact Bridget Perry at Executive Real Estate.

Freehold

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Senior Sales Consultant

I am excited to be presenting to you this architecturally designed two & three bedroom townhouse development, 'HOLLY MEWS'.  Now well into construction!

'Holly Mews' has both two and three bedroom townhouses with garages, providing you with the option to secure exactly what you are looking for.   Each townhouse has been designed with thought in mind, with low maintenance exteriors but very trendy on the eye, and with the interior decor being in lovely warm neutral tones, your new townhouse will definitely feel like home.  

Are you looking for a three bedroom townhouse with a downstairs bedroom/ensuite, or a standalone two bedroom townhouse, well these options are available too!

Because of its prime location, Holly Mews will be located so close to so much...  walk easily to the Central City and Hagley Park, pop down to the local Edgeware shops & amenities, or take a short stroll to Merivale Mall with its shops, cafes, restaurants and bars.

Available options;
2 bedroom | 1 bathroom | no parking - (2 only)
2 bedroom | 2 bathroom | Single Garage - (1 only)
2 bedroom | 1 bathroom | Single Garage - (4 only)
2 bedroom | 2 bathroom | STANDALONE | Single Garage - (2 only)
3 bedroom | 2 bathroom | Single Garage - (4 only)
3 bedroom (x1 downstairs) | 2 Bathroom| Single Garage - (4 only)

Are you looking to purchase your next or first home, an investment or lock up and leave... then you should definitely be contacting me about the fabulous Holly Mews!

>  Zoned for Christchurch Girls/Boys High, Burnside High School, Heaton Intermediate & St Albans Primary Schools.
>  Architect - Sublime Architecture

DOWNLOAD PROPERTY PACK > https://agentsend.com/A4EW

For any questions, please contact Bridget Perry at Executive Real Estate.

** Viewings by appointment only, please contact Bridget on 021 402071.

A prime opportunity to secure a well appointed apartment in the central city.  
Just rented out until the end of January at $460.00 per week

Located across the road from Hagley Park this apartment is perfectly suited to those that simply love the outdoors.  Christchurch Hospital is just a short walk away too, along with our exciting Central City full of cafes, bars, restaurants and shops!  This would make a perfect Air BNB option*.

Nicely presented in neutral tones throughout, the living zone with its additional balcony room, offers protection from the Christchurch easterly, but still allows you to open the sliding doors and bring the outside in, to enjoy the views of luscious green trees and beautiful blue sky.  The ideal spot to sit back and relax.

The apartment includes a double bedroom, a good sized bathroom, and a built-in floor to ceiling living room TV cabinet, providing excellent storage.

Key information to note;
-  Rental estimate | $450 - $470 per week unfurnished
-  Rental estimate | $500 to $540 per week fully furnished
-  Bosch Appliances - Oven/Hob & Dishwasher
-  Ariston 7.5kg Washer/Dryer
-  Heat Pump - 5kw                                                                                                                             
-  Bike Shed + communal courtyard area with seating
-  Locked gates & cameras for complex security
-  *AirBNB - Council Resource Consent required

Download the Property Information Pack > https://www.agentsend.com/NT47

Location Location, it's so good, so handy, call Bridget Perry to discuss, or to make a time to view.

Stratum in Freehold

874486

This boutique development of only five townhouses has been crafted and designed with modern living in mind.  They are located in a sought after area, that offers the convenience of being so close to so many key and popular amenities.  This development is now well into construction. (Units 1 & 5 now SOLD).

Download the Property File > https://www.agentsend.com/P3JB

The townhouse interiors will be finished in modern neutral tones, and include quality materials, fixtures and chattels throughout, which simply showcase this quality build that could easily become your new home.

Unit 2 is the larger of all remaining townhouses with a spacious overall floor area of 137.49sqm approx. 

The layout downstairs ensures each townhouse has a defined space for both the kitchen and living areas, and includes excellent indoor/outdoor flow to an attractive landscaped and secure courtyard, that will only expand your living zone more in the warmer months of the year.

Upstairs provides three double bedrooms, the master with ensuite, and all bathrooms include the luxury of heated tiled floors.  A separate linen cupboard is also provided, which is missing from many townhouse designs these days.

Each property comes with an internal access garage and a nice wide driveway for easy access!

Includes Master Build Ten Year Guarantee. 

Zoned - Christchurch Girls/Boys High School
Zoned - Burnside High School
Zoned - Heaton Intermediate & Waimairi Primary

For further questions or to book a time to view, please call Bridget Perry from Executive Real Estate.

** Viewings by appointment only, please contact Bridget on 021 402071 **

This trendy townhouse is surprisingly spacious, indoors and out, and is located so close to Northlands Mall that the new owner should probably keep their credit card locked away!

With the neutral tones throughout, and the floor plan design, you will quickly see on viewing that it is more spacious than you thought!  The outdoor living area perfectly faces north, therefore providing plenty of light and sunny warmth upstairs and down.

There is so much wonderful storage with this townhouse, more than most... an under-stairs cupboard, a linen cupboard, plus three additional cupboards in the bedroom, plus a garden shed... Wow, storage is definitely not a problem.

BONUS Chattels > Fridge & Washing Machine (+ Dishwasher/Oven/Rangehood/Heat Pump

This property will be a great addition to your investment portfolio, or a lock up and leave option or first home - an AirBNB option is also possible.  The townhouse is currently rented, and the tenant would love to stay.

I must mention too, that the owners say please ignore the RV!

There are bus stops located round the corner on Papanui Road that provides six different Christchurch routes, so public transport most certainly convenient.  Northlands Mall is just a quick stroll down the road, along with many amenities, restaurants and cafes.

For further information, please get in contact with Bridget Perry from Executive Real Estate.

1097603

This beautiful stand out property in Merivale isn't the usual offering we see, it's fabulous RMD section gives the astute buyer valuable options...  enjoy a large garden and landbank for years to come, subdivide and sell, or develop and build a second Merivale townhouse.

The moment you step inside this 274sqm home you are instantly captivated by the grandness of the detailed timber high ceilings, marble and concrete features, plus extra special touches that make this home simply luxurious.  The generous open plan design on the ground floor presents a living zone that is truly relaxing with its large Ascea gas fire, an indoor/outdoor flow  to the expansive garden that every homeowner desires, and a kitchen with rich dark timber veneer cabinetry, a waterfall marble bench top, and a glass wine cellar/pantry that the wine connoisseur and entertainer will adore.

Controlled by a premium KNX home automation system, your lights indoors and out, entertainment, heating, gate and more, will make your arrival or departure from your home seamless.  Plus all year round the home is kept at the perfect temperature by the fully ducted heat pump system.

Beautiful fully tiled bathrooms are located upstairs offering heated floors and delicate mood lighting.  The master bedroom with garden views is tucked away at one end of the hallway to add a touch of privacy.  Three further double bedrooms are upstairs, giving maximum accommodation for the family.

For the car enthusiast, the expansive FOUR CAR GARAGING will be a highlight.  This garage also offers an additional option to create another living space or games room at the rear.

Located in the heart of Merivale, within the golden triangle, this property therefore comes with premium school zones, Christchurch Girls/Boys High School, Heaton Intermediate, Elmwood Primary, as well as being right across the road from Rangi RuRu High.  It is also only a quick walk to Selwyn House School and to Merivale Mall, Hagley Park and the Central City.

** Note, a three bedroom townhouse has been previously consented by council for the front of the section (section has not yet been subdivided).  Request a copy of the expired floor plans.

The astute buyer will not miss this opportunity... Viewing by appointment only, please call Bridget Perry from Executive Real Estate to discuss and to make a time to view.

CB316/93

Our motivated vendor says SELL NOW!
RV: $720,000

If you're after easy-care living in a PRIME location with quiet and long term established neighbours, this is the one! 

Ideal for first home buyers, investors, downsizers or people seeking a lock and leave alternative. Plenty of opportunity here plus this is not an over sixty's property, it is indeed a very desirable stand alone single level home and well worth the visit.

The open plan kitchen, living, and dining area effortlessly flows out to a private, fully fenced outdoor patio and garden, beautifully positioned to capture all-day sun. The two bedrooms offer built-in wardrobes, there's a family bathroom and single car garage with internal access, plus an additional off-street park. Comfort is assured with full double glazing and a heat pump, keeping you cozy year-round. The internal vacuum system adds a touch of convenience!

Low maintenance with a solid Hebel construction, fully refreshed with new carpets throughout including the garage you will also find this tidy, well looked after home is extremely well located in a truly enviable spot, convenience is right on your doorstep. Fendalton Village with a vast array of shops, cafes, restaurants, and a supermarket are all within walking distance. Nearby, Jellie Park Recreation and Sports Centre offers a range of indoor and outdoor activities, covering all your recreational requirements.
Zoned for the big five , Christchurch Girls, Christchurch Boys, Burnside, Wairakei and Fendalton Schools you can not go wrong!


To view documents relating to this property please copy and paste the following link into your browser:
https://www.agentsend.com/1HBW

I look forward to meeting you at one of our open homes,

Louise Phillips
0272 443 540

NB: As always very happy to work in with other agents for our vendors.


231964

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Sales Consultant

Built in 2021, it's not often a home like this becomes available in this popular location, a near new build is a rare find, not only that it is packed full of features and mod cons!

As soon as you enter you will immediately feel as if you have walked into your own private high-end retreat designed with Noosa style living in mind. Comprising three double bedrooms, two fully tiled bathrooms and separate toilet, it offers the perfect blend of comfort and functionality. The primary bedroom is sure to impress with it's large luxurious en-suite spanning the length of the room and a separate walk in robe.

This home ensures all day sunshine within the open-plan living/dining area, which seamlessly connects to an exterior hardwood decking through three large stacking sliders, enhancing your living area further. This is an incredibly comfortable area for complete relaxation or for you to enjoy with your family and friends as you enjoy the beautiful view incorporating the Akaroa harbour and Children's Bay as well as the lush green hills surrounding you.

Nestled down a lane way ensuring privacy and peacefulness this home is on a fully landscaped low-maintenance section. Not only that the exterior cladding is low maintenance, with the winning combination of cedar and plaster, there is little work for you to do. Perfect for the holiday maker or downsizer. Comfort is ensured all year round with the warmth provided by the impressive woodfire in the lounge area, underfloor heating in the bathrooms, double glazing throughout and three heat pumps. 

You will also find a double garage with ample off-street parking for up to eight cars or toys. Offering single level living which is GOLD in Akaroa and car parking right beside the front door, only makes this home more appealing.

Secure your rare near new modern home in one of NZ's most loved towns famous for its French cuisine, spectacular harbour setting, rare Hector Dolphins and Canterburys newest hottest cellar door in town, the exquisite Caldera Estate! 

There is not another home like this, in this area especially easy walking distance to town.

Private viewing available by appointment.

Louise Phillips
0272 443 540

NB: 190sqm [approx] includes the garaging


72444

All Offers presented : Highly motivated Vendor says 'make us an offer' its time to sell!

Rest assured, this is no ordinary two-bedroom home, this one you need to visit. This home is well worth a visit, it's not often you have a stand alone executive style home on its own title in an area loved by the locals. 
Prepare to be impressed as you enter this unique property! 
The open plan living/dining area with the cathedral ceilings and lovely large feature windows allowing an abundance of natural light to saturate the living area, giving you that extra feeling of spaciousness. Large stacking sliders lead you out to your hardwood decking for alfresco dining and enjoying time with your family and friends during the balmy evenings.

The layout is thoughtfully and practically designed with two double bedrooms, including a master suite complete with an en-suite bathroom and a walk-in robe for your own privacy.
You will enjoy all year-round comfort with double glazing throughout, a heat pump for climate control, and an alarm system for peace of mind. The two bathrooms are equipped with heated towel rails and fan heaters for added comfort. Quality appliances and fixtures are included, ensuring a very comfortable standard of living.

Now let's talk about the location! You cannot hear the nearby motorway which is fabulous as it is so close to many amenities and there is so much on offer. You are stones throw to Christchurch's iconic Groynes recreational area for all your outdoor activities, walking biking, fishing, canoeing, there is even a dog park for your furry friends. For the keen golfer, the prestigious Clearwater Golf resort is just down the road, and for the traveller, easy access to the northern motorway and five minutes to Christchurch international airport for ultimate convenience. For the young family there is a Kindergarten across the road and plenty of space to roam.
For the downsizer this is low maintenance and a perfect lock and leave.

Packing a lot of punch for its size, it is well worth a visit, come and see for yourself! 

Louise Phillips
0272 443 540



1143572

This boutique development of only five townhouses has been crafted and designed with modern living in mind.  They are located in a sought after area, that offers the convenience of being so close to so many key and popular amenities.  This development is now well into construction.  (Units 1 & 5 now SOLD).

The townhouse interiors will be finished in modern neutral tones, and include quality materials, fixtures and chattels throughout, which simply showcase this quality build that could easily become your new home.

Unit 4 is situated well for north-west outdoor living and also includes an extra WC located downstairs.

The layout downstairs ensures each townhouse has a defined space for both the kitchen and living areas, and includes excellent indoor/outdoor flow to an attractive landscaped and secure courtyard, that will only expand your living zone more in the warmer months of the year.

Upstairs provides three double bedrooms, the master with ensuite, and all bathrooms include the luxury of heated tiled floors.  A separate linen cupboard is also provided, which is missing from many townhouse designs these days.

Each property comes with an internal access garage and a nice wide driveway for easy access!

Includes Master Build Ten Year Guarantee. 

Zoned - Christchurch Girls/Boys High School
Zoned - Burnside High School
Zoned - Heaton Intermediate & Waimairi Primary

Download the Property File > https://www.agentsend.com/P3JB

For further questions or to book a time to view, please call Bridget Perry from Executive Real Estate.

CB21K/62

Vendor ready to meet the market.

Concept plans available for 6x single storey, three bedroom, two bathroom homes with garage. These are new plans created especially for this excellent development site.
Rarely does a flat 2284sqm regular shaped piece of land, ready to build with private lane way on one side and a walkway providing space on the other side become available like this. The convenience of this site makes it a stand out!

This parcel of prime land is situated in the expanding Groynes subdivision. Walking distance to the Groynes recreational area for all your outdoor activities, it is also just a short distance from the prestigious Clearwater Golf resort, and provides easy commuting with quick access to Christchurch International Airport and the Northern motorway. 
Additionally, it's just minutes away from Northwood Supa Centre, fulfilling all retail needs conveniently.

Superlot, convenience, location, recreation, shopping and golf, ticking all the box's! Those that live here, love it.

Turn this land into your next successful project

For sale by negotiation
Concept plans available on request, lets go!

Get in touch today,

Louise Phillips
0272 443540


Executive Real Estate | Merivale Mall (Upstairs)

Executive Real Estate | Merivale Mall

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28 November, 2023

News

Tony Alexander: Expect house prices to rise 10% in 2024, and 15% in 2025

15 November, 2023

News

Tony Alexander: Why Kiwis shouldn't bet against a rapid rise in house prices

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Executive Real Estate | Merivale Mall (Upstairs)

Executive Real Estate | Merivale Mall

Homes for sale

Latest listings

Two Bedroom & Standalone | TWO ONLY!

Downstairs Bedroom Options Available!

INVESTMENT - It's Rented & Ready To Go!

3 Bedroom Beauties - Call Me To View!

Our Team

An executivedifference.

Louise Phillips

Louise Phillips

Bridget Perry

Bridget Perry

Tony Anderson

Tony Anderson

Judith Robinson

Judith Robinson

About Us

Come meet us in our boutique merivale office.

Our Blog

Latest news and resources.

28 November, 2023

News

Tony Alexander: Expect house prices to rise 10% in 2024, and 15% in 2025

15 November, 2023

News

Tony Alexander: Why Kiwis shouldn't bet against a rapid rise in house prices

Contact Us

Contact Us

Get in touch directly

Follow us on our social networks

An executive
difference.

Come meet us
in our boutique merivale office.