Download - City Fringe Flyer Issue #55 October 2013.pdf

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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



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: [email protected]

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.


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.



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.



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*



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

[email protected]

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.”

COMMUNITY FILE

Download - City Fringe Flyer Issue #55 October 2013.pdf

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