city fringe flyer issue #55 october 2013.pdf
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7/27/2019 City Fringe Flyer Issue #55 October 2013.pdf
http://slidepdf.com/reader/full/city-fringe-flyer-issue-55-october-2013pdf 1/3
41 Seaview TceMT ALBERT
Auction, 7pm Wednesday23 October 2013*
1920’s character bungalow inoriginal condition, with twodouble bedrooms, separate
dining, ornate beams & timberpanelling. On 511m2 grounds.
Emma Duncan 021 845 347
web ID AD12898
www.anneduncan.co.nz I 09 846 9470
* U n l e s s s o l d p r
i o r
E D I T I O N 5 5
city fringe FLYERY ou s e e our s i gn s e v e ry w h e r e !
RESERVE Bank moves to tightenrules on bank mortgage levels
will hurt rst-home buyers, butmay make things easier or other
people chasing a new home.
From the beginning o this month,
banks have been required toseverely restrict mortgages where
customers have deposits o lessthan 20 per cent o the value o a
home.
The step is designed to protectbanks rom the risk o widespread
deault i economic conditionsdeteriorate, and the Reserve Bank
hopes it will also take some o thesting rom rising values.
Anne Duncan, principal o AnneDuncan Real Estate, doesn’t thinkthe new rule will have a major
impact on prices, though she saysit will certainly shut out some rst-
home buyers.
“Unortunately, it wil l hit somepeople quite hard, especially thoseon lower incomes who will nowhave to save a six-gure deposit
to buy a quite modest home inAuckland,” she says.
“Previously, a couple in average jobs might have been able to save
$30,000 or $40,000 and use itas a deposit on a $450,000 or
$500,000 house. But now they’llneed $90,000 or $100,000 to getin the door.”
Anne can see the 80/20 ruleremoving lots o people rom
the market, but investors andhigh-equity buyers seeking their
second or third home will take upthe slack.
New mortgage rules make it toughbut good things don’t come easy
“So what’s rustrating or new-
home buyers will be to theadvantage o others because it willmean less competition,” she says.“But low listings and high demand
means that won’t translate intolower prices.”
With Mt Albert entry-level pricesbetween $420,000 and $500,000or a two-bedroom unit – and not
much less in suburbs like NewWindsor, Owairaka and Avondale– putting together that $85,000
to $100,000 deposit will be toughor many.
The $130,000 to $160,000deposit now needed or astandalone house on a hal site
valued between $650,000 and$800,000 is an even bigger
mountain to climb.
But Anne is a paid-up membero the “no pain, no gain” schoolo thought. While she has greatsympathy or young couplesbattling to buy their rst home,she wonders i some people areprepared to make the sacrices otheir parents and grandparents.
“Look, I know it’s hard to get intothat rst home – harder now thanit used to be, and I really eel oryoung couples who are strugglingto make ends meet. But a loto young people earning goodmoney also reckon it’s impossibleto buy that rst home – and I’mnot so sure about that.”
Anne says avoiding the temptationo fatting and instead stayinghome with supportive parents is agood start to building a deposit;and doing without a daily latte,
taking your lunch to work, stayingin on Saturday nights and skippingrestaurant meals and trips awaywill also help.
Devising a savings plan andsticking to it reaps rewards, shesays, and the sacrices will soonproduce the dividends. But whenit’s time to look or a house, setaside wild ambitions to buy inPonsonby or Parnell and choose amore modest outer suburb.
“We all have to start somewhere,”says Anne. “Make those early
sacrices and there’s a goodchance you’ll eventually end upwhere you want to be.”
As an example, she points to a
CONTINUED ON BACK PAGE
Alice gets ready to rumble on Waterview linkher circular cutter head ull o bladesand discs but also lines the hole shehas dug with concrete segments,completing the process all in one go.
From next month she will work24 hours a day, and spoil romthe tunnels will be removed by acontinuous conveyor belt, more than6km long once it is linked to theworld’s 10th-biggest tunnel boringmachine.
AS we eat, sleep and get onwith our lives, Alice will soon
be rumbling away beneath our eetto help make our city a little moreliveable.
The Waterview Connection’s$55m giant tunnelling machine –aectionately named ater Alice inWonderland – is poised in Mt Roskillto create the rst 2.4km southboundtunnel on the project linking the
North West Motorway with theSouth West Motorway.
Hal the link will be undergroundand trac will start using the routeby the end o 2016 – allowing a citybypass motorway route rom thewest and north-west to the airportand southern suburbs.
Alice, which can create a 14.4mdiameter tunnel up to 17m long aday, not only digs the tunnel with
‘Make those earlysacrifces and there’sa good chance you’ll
eventually end upwhere you want to be’
- Anne Duncan
18 First AveKINGSLAND
Auction, 7pm Wednesday23 October 2013*
This wonderul 3 bedroom villa willturn heads. Open plan kitchen,
lounge & dining are perect orentertaining. Caes, bars & shopsare just a stone’s throw away.
Jamie Morrison 021 684 400Emma Duncan 021 845 347
web ID AD12897
7/27/2019 City Fringe Flyer Issue #55 October 2013.pdf
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Kerry Glengarry021 977 670
Vincent Barnao
021 275 8925
Greg Whitta
021 992 612
John Covich
021 946 933
Gary Agnew
021 960 533
Jamie Morrison
021 684 400
Julia Rust021 489 169
Mark Bailey021 714 799
Emma Duncan021 845 347
Mo Li021 171 6366
Wendy Keats021 216 7332
Theo Thrasy021 0277 6517
D I T I O N 5 5 Y ou s e e our s i gn s ev e ry w h er e!
In the business world, the rear view mirror is always clearer than the windshield (Warren Buett) I don’t care what is written about me so long as it isn’t true (Dorothy Parker)
www.anneduncan.co.nz
City Fringe Flyer is a community newsletter and readers should seek proessional guidance beore acting on any advice,opinion or inormation ound in its columns. It is published by Anne Duncan Real Estate Ltd, which cannot accept any
liability or responsibility or any loss or damage suered by any individual or group acting on any material it contains.Editorial inquiries: bruce_morris@xtra.co.nz
Anne Duncan Real Estate Ltd MREINZ
LICENSED REAL ESTATE AGENT (REAA 2008)
746 New North Road,Mt Albert, Auckland
Ph 09 846 9470www.anneduncan.co.nz
HOW TO REACH US
Anne Duncan021 996 426
THINKING OF SELLING?
For an obligation-ree appraisal o yourhome, ll out this slip and drop/post it intoour oces: 746 New North Rd (oppositeRocket Park). We’ll make contact ater that.
Your name
Address
Phone
What best describes yourposition? (tick)
Keen to sell now/soon
Need appraisal beforemaking up my mind
Simply interested in whatmy house is worth
Shane Ryder0274 222 585
Rentals
Hazel Hokianga021 896 425
Rentals
Des Ryder0274 222 334
Rentals
23 Tasman Ave, Mt Albert$890,000
Vincent Barnao
14 Leone Tce, Mt Albert$1,051,000
Kerry Glengarry
12/698 New North Rd,
Mt Albert $360,000Wendy Keats
2 Kelvinside Tce, Avondale
$630,500Greg Whitta
5/5 Wesley Ave, Mt Albert$532,500
Jamie Morrison
5 Caughey Pl, Mt Albert$850,000
John Covich
2/107 Gowing Dr, Meadowbank$590,000
Greg Whitta
1/40 Haverstock Rd,Sandringham $475,500
John Covich
23 Asquith Ave, Mt Albert$1,400.000
Anne Duncan
12 Raetihi Ave, Mt Albert$920,000
Anne Duncan
46 Asquith Ave, Mt Albert$1,220,000
Anne Duncan, Gary Agnew
2/789 New North Rd, Mt Albert$461,500
Anne Duncan, Wendy Keats
The teamYour advantage
* U n l e s s s o l d p r i o r . T h e A n n e D u n c a n R e a l E s t a t e A u c t i o n C e n t r e i s
l o c a t e d a t 7 4 6 N e w
N o r t h R d , M t A l b e r t .
web ID AD12899
2/158 Hendon Ave MT ALBERT
Recently reurbished, spacious 3 bedroom unit withgreat fow to enced outdoor area. Excellent cityringe location handy to motorways, shops, transport& UNITEC. In MAGS school zone.
Wendy Keats021 2167 332
By Negotiation
web ID AD12877
82 Kelman Rd KELSTON
1920’s character bungalow in original condition,with two double bedrooms, separate dining, ornatebeams & timber panelling. On 511m2 grounds.
Julia Rust021 489 169
By Negotiation
web ID AD12901
2/19 Jason Ave SANDRINGHAM
Well presented 1970’s brick & block 2 bedroom unit,(1 o 5) with open plan living.
Carport & storage cupboard.
Emma Duncan021 845 347
Auction: 7pm Wed 6 November 2013*
web ID AD12896
7/16 Knight Ave MT ALBERT
Renovated second level cutie with sun lled living,mod kitchen, large bathroom, 2 good size doublebedrooms & a sunny terrace or bbq & deck chairs.
John Covich021 946 933
Auction: 7pm Wed 23 October 2013*
web ID AD12902
5 Methuen Rd AVONDALE
1930’s 3brm weatherboard bungalow on 1021m2section. Potential to subdivide. In zone or Avondale
College, New Windsor & Owairaka schools.
Julia Rust021 489 169
Auction: 7pm Wed 6 November 2013*
web ID AD12903
28B Asquith Ave MT ALBERT
1990’s cedar 2 storied home eaturing 5 bedroomsand 2 bathrooms. In zone to MAGS, Marist College
& Gladstone schools. Close to train & bus.
Julia Rust021 489 169
Auction: 7pm Wed 6 November 2013*
web ID AD12904
72 Bollard Ave NEW WINDSOR
Handsome 3 bedroom, 2 bathroom bungalow on anelevated 1011m2 (Res 5) section. Great renovationproject with option o potential sub-division.
Mark Bailey021 714 799
Auction: 7pm Wed20 November 2013*
web ID AD12900
29 Trevola St NEW WINDSOR
1970’s bungalow with mod kitchen & bathroom,semi open plan living, sun drenched decks & doublegarage on 610m2 ully enced north acing site.
John Covich021 946 933
Auction: 7pm Wed6 November 2013*
7/27/2019 City Fringe Flyer Issue #55 October 2013.pdf
http://slidepdf.com/reader/full/city-fringe-flyer-issue-55-october-2013pdf 3/3
A cha t w it h...
Those are my principles, and i you don’t like them... well, I have others (Groucho Marx)
city fringe FLYER
THE rst step towards returning
the Mt Albert village shopping
strip to its glory days has been taken
with the securing o a long-term
lease on land designated or a new
town square.
The square will grow out o a car
park at 911 New North Rd – directly
across rom the new concourse
leading to the upgraded Mt Albert
railway station.
Auckland Council and the Albert-
Eden Local Board have negotiated
the lease deal and the rst move in
developing the patch will be a ramp
to the concourse, connecting the
centre to the station, which will be in
place next year.
In the meantime, the board will
consult with the community or ideas
on how to turn the barren area into
an attractive square that could be
the catalyst or a rejuvenated town
centre.
The local body elections may
change thinking, but present board
chairman Peter Haynes is condent
the new board will give everyone a
say on the nal shape o the village
square.
Dr Haynes notes that “the people
o Mt Albert have allen out o love
with the town centre.
“This is the rst step towards re-
capturing some o Mt Albert’s ormer
glory.”
Asked what the square might look
like when it’s completed, probably
later in 2015, he says: “That really is
up to the people o Mt Albert.”
A decent budget has been
allocated to the project, and good
seating and planting o fower beds
and appropriate native trees will
be prominent on many lists, along
perhaps with some public art.
Already local people are coming
up with ideas and a more ormal
consultation process will be unveiled
by the new board.
Town square plans aimed to helprejuvenate village shopping strip
THE growing status o Mt Albert
Grammar School as one o the
country’s best has been enhanced by
scholarship results or the 2012 year.
MAGS students received 78
scholarships, putting the school
at number ve spot, immediately
behind Auckland Grammar (85
scholarships); and MAGS stepped
up to number our-equal spot on
the list o schools where pupils were
awarded outstanding scholarships,
winning a total o 14.
The ollowing students wereawarded three or more scholarships
or at least one outstanding
scholarship and their names are to
be inscribed on the school honours
board or scholars: Max Ashmore,
Matthew Battley, Taliesin Budvietas,
Alexandra Craword, Samuel Davis,
Daniel Dillon, Edward Hughes,
Joshua Moody, Natasha Nipper,
Ayumu Ozawa, Timothy Rutledge
and Dhanasit Srijamorn.
Achange in the way the police
serve communities – ocusing on
prevention rather than reaction - is
expected to have a major impact on
crime.
A community constable is no longer
based at Mt Albert (the oce has
been taken over by Neighbourhood
Support, with direct links to thepolice on non-urgent matters), but
the lack o a local ocer doesn’t
mean the area’s been down-graded.
In act, the long arm o the law will
become more eective.
In the past, the community
constable was oten unavailable
because o other responsibilities. But
a new policing system - designed
to meet the Government’s demand
or a 20 per cent cut in crime – has
created dedicated teams with special
responsibility or local communities.
Rather than one ocer lookingater the patch part-time, Mt Albert
now has two teams (each with seven
ocers) building up their knowledge
o the area and ready to act on any
problems. More uniormed ocers
(equipped with latest technology
like iPads) on the street and in patrol
cars with an eye out or trouble
are promised rom police bases
at Avondale and Ponsonby – and
already there’s been an impact on
disorder like intoxicated people and
juvenile misbehaving.
Sergeant Geo Medland urgeslocal people to dial 111 whenever
they see potential trouble, no
matter how minor it may appear.
And i you have an ongoing issue
causing concern, email the team at
cptponsonby@police.govt.nz
Y ou s e e our s ign s e v e ry w h e r e !
Mo LiWhat would others say aboutyou? That I’m unny, handsome,
kind, tall and always smiling!Virtues and vices? That I’mhonest, and perhaps that I playtoo many computer games!
What brightens your day? Mylittle boy – I just love the way heis growing up beore my eyes.
What really annoys you? Mydad, who keeps rattling on -talking nineteen to the dozen!But I couldn’t do without him –he’s a great support.
The thing you’ve alwayswanted to do but haven’t yet
cracked? I’d like to learn to swimand to dive, and I must do that.
One thing you’ve learnedabout lie and will take to thegrave? Lie is not perect. As wego along and make mistakes,it’s important that we learn romthose mistakes.
Who do you look up to – whoinspires you? My good riendPeter who taught me how to livelie.
Who rom the past or presentwould you get to share thedinner table o your dreams? I’d invite my colleagues andriends, but it would be great tohave a group o wonderul NewZealanders like Sir Edmund Hillaryto join us.
My avourite ood: Seaood;tipple: I don’t drink alcohol – it’smilk and ruit juice or me; TVprogramme: The Late Show;movie: Iron Man; song: Smooth(Santana and Rob Thomas)
• Mo Li was born in China and
immigrated to New Zealand 13
years ago as a 20-year-old. He lives
in Mt Albert with his wife Vicki and son Buffett, and recently joined the
Anne Duncan Real Estate residential
sales team.
New loan rules put squeeze on frst-home buyersFROM FRONT PAGE
young couple who bought in Mt
Albert at the height o the last
boom.
They were not in well-paid jobs,
and they scrimped and saved and
went without to buy a unit at
$308,000, selling it three years
later or $365,000; then theybought a house in New Windsoror $450,000 and have just sold itor $730,000 – now ready to take
the next step up.“That couple wanted their ownhome and were prepared to makethe sacrices – and they paid ortheir wedding and had children
along the way. But ater thosetough six years or so, they are nowpretty well set up.
“Some people today who
complain they can’t aord a rsthome in a ancy suburb might liketo think about that…o course it’shard, but good things don’t comeeasy.”
Auctions the answeras listings stay low
Properties in the AnneDuncan Real Estate patch arecontinuing to achieve terricprices, stoked by a lack olistings and high demand inthe city ringe region.
Auction is the sales methodo choice and has produced
some startling results.The company’s auction
clearance rate to the end oSeptember stood at 95 percent, with most propertiesselling in pre-marketingcampaigns or under thehammer.
“Auction is denitely theway to go,” says Anne. “Theonly thing holding us backrom even better results is thelack o listings.”
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