web ID AD12358

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NOW SELLING

web ID AD12359

web ID AD12368

www.anneduncan.co.nz I 09 846 9470

web ID AD12360

298 Mt Albert Rd, SandringhamPrice: By Negotiation

Huge 1287m2 site, potential for a further 2 sites in addition to existing 5

brm bungalow returning $605p.w.Anne Duncan 021 996 426Gary Agnew 021 960 533

2/5 Powell St, AvondalePrice: By Negotiation

Solid 3 bedroom brick unit (one of three) with separate garage. In

popular Avondale Heights location.Mark Bailey 021 714 799

Cheryl Martin 021 277 1774

2A Dexter Ave, Mt EdenPrice: By Negotiation

Stunning 3brm home in a sought after location. Refurbished kitchen,

bathroom & living areas.Jamie Morrison 021 684 400

4/34 Kitenui Ave, Mt AlbertPrice: By Negotiation

Sunny 2 bedroom brick & tile unit (one of six) with separate garage in popular Golden Triangle location.

Anne Duncan 021 996 426

10A Haig Ave, Three KingsPrice: By Negotiation

Modern 3 dbl brm home with studio/sleepout offering potential to work

from home. Mt Roskill Grammar zone.Miriam Fan 027 292 9778

city fringe FLYERE D I T I O N 4 3You see our signs everywhere!

Mid-winter cheer as house pricessurge in a new seller’s marketTHERE’S something in the air.

It’s mid-winter, yet it seems like spring – four years after the end of the longest residential property boom in New Zealand’s history, houses are really starting to move.

Agents at Anne Duncan Real Estate have noticed a distinct upturn since February, and a lack of properties for sale has pushed prices of local property up substantially in just a few short months.

The surge in prices seems to be running right through much of the city fringe area, though isn’t as noticeable in other parts of Auckland or the provincial cities and towns.

The sudden about-turn after two or three years of patchy sales as the country worked its way through recession appears at odds with the Reserve Bank’s predictions of continued flatness.

It seems to be driven – in the city fringe at least – by a number of factors:

• Record-lowinterestratessinceFebruary and indications they will not start moving until well into next year.

•Alackofstockasvendorsbide their time, perhaps believing their properties won’t command top prices.

•Buyersdecidingthatthetimeisright to make a move.

The end result is almost what might have been expected nine months or so ago. The normal spring surge did not really arrive last year, and that meant summer sales weren’t primed as usual. But autumn signalled a new

beginning and a lift in activity that has flowed through into winter.

The rules of economics suggest prices may plateau as more vendors gain confidence to bring their properties to the market. But at the moment, after a long spell since the boom when buyers were in command, it is becoming a seller’s market – certainly in the wider Mt Albert area.

At Anne Duncan Real Estate, which covers the whole city fringe from its Mt Albert base and also specialises in Pt Chev, Waterview, New Windsor, St Lukes, Sandringham, Owairaka and Kingsland, properties are selling within two or three weeks of listing – and that’s the sort of demand that hasn’t been around since the height of the boom.

“Activity at the moment is back to the 2007 levels,” says Anne Duncan. “We don’t have the listings or the volume of that time, but the same sort of urgency is there and we’ve been very surprised by what that demand has done to prices.”

Anne says prices in many areas of her company’s patch are up by 10 per cent on what would have been thought as reasonable

in February. All lots are selling on auction night and offers are coming in after the first weekend of open homes.

“It is a supply and demand thing and we have plenty of buyers and not enough listings,” she says. “That demand puts pressure on prices and it has become, quite quickly, a seller’s market.”

Anne points to four properties to illustrate the strength of the local market over the last month:

•1/15 Stewart Rd, Mt Albert, which sold at auction for $545,000 (against a $430,000 CV) after drawing 131 groups in three weeks of open homes.

• 1 Selkirk Rd, Mt Albert, which sold at auction for $610,000 (CV: $470,000) after drawing 122 groups.

• 3 Baldwin Ave, Mt Albert, which sold at auction for $900,000 (CV: $660,000) after drawing 130 groups.

• 8 Francis Ryan Close, which sold at auction for $1.205m (CV: $930,000) after drawing over 80 groups.

“Last year we might have got 30 or 40 groups through those places, so it shows how demand has picked up,” she says.

Bungalows and do-ups are in prime demand, but buyers are chasing properties across the board and in all price ranges – drawn to the area by great schools, amenities and transport links, leafy streets and handiness to the central city.

“For people thinking of selling,” says Anne, “our view is that it’s a great time to tempt all those buyers and test the water.”

3 Baldwin Ave – sold for $240,000 above CV

1/15 Stewart Road – sold for$115,000 above CV

8 Francis Ryan Close – sold for $275,000 above CV

1 Selkirk Road – sold for $140,000 above CV

2/9 Miro St, New LynnPrice: $315,000

Elegant 70’s townhouse in a no exit street. 3brms, designer kitchen & bthrm, open plan lounge flows to private garden.

Lynn Margan 0274 830 109

878 New North Rd, Mt Albert Price: $By Negotiation

1920’s character bungalow with 4 bedrooms, study and a business

premises on 926sqm site.Miriam Fan 027 292 9778

web ID AD12337 web ID AD12331

Auction: On Site Sun 7th Aug 2011(unless sold prior)

Contact: Vincent Barnao 021 2758 925 Jamie Morrison 021 684 400

web ID AD12350

8 Peary Rd, Mt EdenPrice: $By Negotiation

2 brm bungalow on 827m2 (Res 6A zone) endless possibilities – Relocate,

Remove, Renovate or Landbank.Mark Bailey 021 714 799

Anne Duncan 021 996 426

web ID AD12329

5/16 Knight Ave, Mt AlbertPrice: $319,000

Unleash your creative streak in this over sized 2+brm unit with open plan living & extra space to utilise.

Donna Whyte 021 550 274

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 anymaterial it contains. Editorial inquiries: bruce_morris@xtra.co.nz

Anne Duncan Real Estate Ltd MREINZLICENSED REAL ESTATE AGENT (REAA 2008)

E D I T I O N 4 3 You see our signs everywhere!

746 New North Road, Mt Albert, Auckland

Ph 09 846 9470www.anneduncan.co.nz

HOW TO REACH US

THINKING OF SELLING?

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). We’ll make contact after that.

Your name

Address

Phone

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

NOW SELLING NOW SELLING

web ID AD12367

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591 Richardson Rd, Mt Roskill Price: $399,000

Beautifully renovated 3brm bungalow with open plan living and a wwell

fenced flat 500m2 section.Jamie Morrison 021 684 400

web ID AD12376

9A Fir St, WaterviewPrice: $By Negotiation

2 level home, currently in 2 flats. Double garage with internal access.

Upper level offers spacious livingand water views.

Jamie Morrison 021 684 400Vincent Barnao 021 2758 925

web ID AD12361

70 Mulgan St, New WindsorPrice: $By Negotiation

Elevated retro 3 brm home, a gem waiting to be rediscovered. Give this

funky lady a new lease on life.Jamie Morrison 021 684 400

web ID AD12365

80A Aroha Ave, SandringhamMark Bailey

18 Vancouver Ave, Sandringham

Roberto de Melo

3/13 Oregon Ave, Avondale

Anne DuncanJosh Powell

6/7 Harlston Rd,Mt Albert

Blair StanawayCheryl Martin

25A Glendon Ave, Avondale

Vincent BarnaoJamie Morrison

23 Richardson Rd,Mt Albert

Gary Agnew

9A/147 Hobson St, Auckland Central

Miriam Fan

8A Toroa Tce, Mt AlbertPrice: Forthcoming Auction

Exceptional one level home sitting on the Northern slopes of Mt Albert.

Outstanding views day and night.Anne Duncan 021 996 426

1/1142 New North Rd, Mt AlbertPrice $299,000

2 brm unit with large lounge flowing to own exclusive garden.

Carport with lockable shed.Gary Agnew 021 960 533Anne Duncan 021 996 426

An investment in knowledge always pays the best interest (Benjamin Franklin) Am I not destroying my enemies when I make friends of them? (Abraham Lincoln)

The teamYour advantage

43 Astley Ave, New LynnPrice: $By Negotiation

Character & charm. At least 3dbl brms, 2 living areas + office

& sunroom. Huge section with swimming pool and dbl gge.

Blair Stanaway 021 486 792Cheryl Martin 021 277 1774

1/867A New North Rd, Mt AlbertPrice: $409,000

3 double bedroom unit in a block of 3 with great indoor/outdoor flow.

Own courtyard. Miriam Fan 027 292 9778

31A Chatham Ave, Mt AlbertPrice: Forthcoming Auction

Home and Income, 3 brm + office, plus 1brm fully self contained flat. Private, parklike 1518m2 section.

Gladstone & MAGS zonesJohn Covich 021 946 933Mark Covich 021 846 944

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12 Pickens Crescent MT ALBERT You’ll be blown away by a stunning landscape stretching from the Bombay Hills to the upper Waitemata. Lovely lounge, dining room, kitchen and deck are your grandstand and the picture is completed by 3 bedrooms, 2 bathrooms and a 2nd living area opening to a brilliant private courtyard (with genuine Italian woodfire pizza oven). Add your paint to the canvas and complete this masterpiece.

Auction: Wed 27th July 2011 (unless sold prior)

Auction Centre 746 New North Rd, Mt AlbertContact: Mark Bailey 021 714 799

web ID AD12351

31 Newell St PT CHEVALIERAn urban oasis touching the upper harbour, screaming for imagination. A 1930’s bungalow on a wonderful 500m2 section running down to high tide with a clear channel to launch a kayak or dinghy. Mull over the endless possibilities from the sunny lounge and conservatory across a pasture of mangroves to the green haven of Meola Reef reserve.

www.anneduncan.co.nz

50 Kitenui Ave MT ALBERTThis lovely character bungalow has been meticulously renovated and extended to a gorgeous 5 bedroom family home with sleepout. The home offers a formal lounge, spacious dining and a family area with seamless indoor/outdoor to the entertaining deck and back garden below. This is a home to accommodate the growing family.

web ID AD12366

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22 Mt Albert Rd MT ALBERTEnglish Arts & Crafts home oozing the elegance and charm of old Mt Albert. This hidden treasure features 5 bedrooms, formal lounge, formal dining room and sunrooms, all infused with the character of yesteryear.

Situated on 713m2 within the Golden Triangle. MAGS and Gladstone School Zone.

Price: $By Negotiation

Contact: Anne Duncan 021 996 426

2 Brydon Place NEW WINDSORElevated, sunny, with upper-harbour views this solid 1940’s, 3 dbl brm renovated home is on a fully fenced section. From the designer kitchen to the insulated floor, roof and walls, work is of the highest standard. Views from the living, kitchen/dining areas and the great entertainers deck overlooking the large child-friendly garden, this home needs to be on your wish list today!

web ID AD12372

Auction: Wed 17th Aug 2011 (unless sold prior) Auction Centre 746 New North Rd, Mt AlbertContact: Mark Bailey 021 714 799

Price: $By Negotiation

Contact: Miriam Fan 027 292 9778 Anne Duncan 021 996 426

52 La Rosa St, Green BayPrice: $By Negotiation

Fab 4 brm home, 2 living areas, bthrm & ensuite, outdoor living & dbl garage.

Blair Stanaway 021 486 792Cheryl Martin 021 277 1774

4 Guardwell Tce, Mt AlbertPrice: Forthcoming Auction

Renovated 3 bdrm bungalow, dbl gge, 642m2 section. Gladstone & MAGS zones

John Covich 021 946 933Mark Covich 021 846 944

46 Tiverton Rd, New WindsorPrice: $By Negotiation

1940’s home in original condition on a 1072m2 elevated section with

subdivision potential.Roberto de Melo 021 887 646

web ID AD12374 web ID AD12357

Don’t compromise yourself. You’re all you’ve got (Janis Joplin)

city fringe FLYER

CONGRAULATIONS to sales consultant Mark Bailey and

wife Sarah – they’ve marked their hat trick with a baby girl, Rosa Charlotte. Rosa was 8lb 12oz at birth and joins Joseph (9) and Francis (7) in the happy Bailey household.

WHEN TV-One’s Breakfast show next carries a story

on the state of the residential property market, their reporters might gain an interesting insight if they turn to co-host Petra Bagust. Petra called in Anne Duncan Real Estate senior agent Greg Whitta when she and her husband decided to sell last month. The result was almost instant success – with a deal signed after the first weekend of open homes. But while Petra and her family have sold, they aren’t turning their backs on Mt Albert, which has been their home for the last few years. They love the area and have bought again in the suburb.

THE Neighbourhood Support movement is a great way of

getting to know your neighbours better and keeping everyone safe and happy. Thanks largely to the efforts of Kim Sherlock, the Mt Albert NS co-ordinator, this area has one of the strongest networks in Auckland. The more it grows the more effective it will be in creating a closer community and warding off crime. If you would like to know what’s involved in setting up a vibrant Neighbourhood Support group for your street or immediate area,

Petra’s quick-fire sale a sign of real life in local property market

drop Kim a note at this email address: kimberlyjane@xtra.co.nz

IF you want to have a say on the future of your local patch, you

are fast running out of time! The Albert Eden Local Board of the new Auckland Council has developed a draft plan for the community it serves, setting out priorities for the next three years and beyond. It covers everything from our environment and history to transport, amenities and the local economy.

Among other things, the board says in the summary to its draft plan that the area needs to build a strong and successful local economy by focusing on renewing village centres, establishing business improvement areas and attracting events to encourage growth. It also wants to see more parks and quality recreation and community facilities. The plan will be in place by October 31 this year and you have until August 8 to make submissions on the draft. You can read the plan and find out how to have your say at local libraries or online at www.aucklandcouncil.govt.nz/haveyoursay

MT ALBERT’S Marist College is piecing together the great

story of its history. Marist old girl Sister Lorraine Campbell is using original pictures of past principals as the heart of her mission to sketch the life of the school, which opened in 1928. Sister Lorraine will interview a group of students from those early years and has no precise deadline. “Our centenary will be held in 2028 so we’re gathering their stories in raw form on the beginnings of the college before they go to heaven – what they liked and remember from before 1940,” she told Auckland City Harbour News. Sister Lorraine says the job is a perfect match with her knowledge of college principals stretching back to the earlier sisters. “It’s fantastic fun. Every picture I look at I can go down a path and enjoy it.”

COMMUNITY FILE

Petra Bagust and her family love Mt Albert and have bought again

in the suburb

PICTURE: TVNZ

A chat with...Mark Bailey Who’s had the most influence on your life? Not one person in particular - family and friends are a constant influence and motivation.

An enduring childhood memory? Many memories of the freedom growing up in rural New Zealand. Long days messing around in streams, rivers, bush and around the farm. My city-raised children are missing out!

What makes your day? Seeing my kids happy

What really irks you? People turning up late to appointments, or not turning up at all!

Dream holiday? Driving from San Francisco to Vancouver, taking in Nappa Valley, Portland and Seattle on the way.

Who would you invite to the dinner party of your dreams? Neil Young, Leo Laporte (US technology guru), Bill Hicks (American social critic and satirist), Patti Smith ... there are others, but in general people who have done (or did) things their own way with integrity and without compromise.

Favourite food: Thai or Italian Song: Too many to list, but I always go back to Neil Young.TV programme: Breaking BadMovie: Movies that make you think or offer an alternative perspective on the everyday are my choice... or sometimes just a big dumb action flick!

* Mark Bailey lives in Mt Albert with wife Sarah and three children. He joined the Anne Duncan residential sales team in 2010 after 10 years in Britain, where he worked in IT (renovating houses on the side) and graduated with a first-class honours degree in architecture.

M.A.G.S ART AUCTION

THURSDAY 1st SEPTEMBER 2011

Mount Albert Grammar School, Alberton Avenue

Doors Open 5.30pm $5 Entry Fee