Channel Property June 2024

Distributed to homes with welcoming letterboxes in Devonport, Cheltenham, Stanley Bay, Stanley Point, Vauxhall, Narrowneck, Bayswater, Belmont, Hauraki, Takapuna, Milford, Westlake, Forrest Hill, Crown Hill, Castor Bay, Sunnynook, Campbells Bay, Mairangi Bay, Murrays Bay, Northcote, Birkenhead, Chatswood, Northcote Point, Birkenhead Point,

the 19th year)

Activity picking up but caution still evident in housing market

The Real Estate Institute of New Zealand's (REINZ) April data, published in mid-May, showed sales activity lifting in almost all regions compared to the storm-affected same period in 2023, and year-on-year pricing edging up, continuing the trend seen in recent months.

REINZ Chief Executive Jen Baird also stated that the market is subdued, despite nationally seeing higher sales counts, properties selling more quickly, increased stock levels, and more listings, compared to a year ago – the period impacted by weather issues.

The total number of properties sold in New Zealand month to month (March 2024 versus April 2024) decreased by 17% despite the year-on-year increase of 25%. The median days to sell decreased by three days, from 46 to 43 days, compared to a year ago. The national median sale price increased by 1.3% year-on-year, from $780,000 to $790,000, and decreased by 1.3% compared with March 2024, from $800,000 to $790,000.

The REINZ added this comment: “The median national sale price has now increased year-on-year for the third consecutive month, and sales are picking up as well. There are vendors who will need to sell and don’t want to wait any more, and these vendors will need to set realistic expectations, both for price and the time needed to sell their property.”

The REINZ stated that while the April data shows more activity in the housing market, with year-on-year increases in sales, listings, stock levels, and median prices, it’s clear that

economic factors are creating headwinds. “Activity is picking up for the housing market as we move into autumn, with sales lifting and more choices for buyers. However, the likelihood of interest rates staying at these elevated levels for a while, and more talk of job losses, continues to lead to caution among some buyers."

Listings nationally increased by 34.9% year-on-year from 7,142 to 9,636, continuing a trend since the start of 2024. Thirteen of 15 regions saw year-on-year increases in listings, with nine recording increases of over 25%. Wellington had the biggest increase, up by 318 listings year-on-year (69%), followed by Otago up 107 (55.2%); Marlborough up 35 (46.1%); and Auckland up 1,034 (41.1%).

National stock levels also increased year-onyear, with 18.1% more available properties for sale in April 2024.

“There seems to be plenty of buyer interest, with many seeing the current price levels as attractive, but some are taking their time before making a decision,” added Baird. "Similarly, some vendors are selling now and are open to meeting the market with their pricing, while others prefer to wait. Nationally, prices are still below their peaks from a few years ago and sales are still lower than long-term averages. Although the cooler months traditionally lead to activity slowing down, demand for properties may increase as investors return to the market in response to upcoming changes to the bright line test and the reintroduction of interest deductibility

on investment properties. With this in mind, buyers may want to act now.”

On the North Shore in April 2024 the median price was $1.24m, slightly up on March 2024 at $1.235m. and up on 12 months prior in April 2023 $1.14m. The total number of homes sold in April 2024 on the Shore was 284, down on March 2024 at 324, but well up on April 2023 when 212 homes were sold.

North Shore agents Channel Mag has spoken to have mirrored this REINZ report. There is clearly lots of choice for buyers and homes are still obviously being sold in healthy numbers, as REINZ is reporting. We have some of the best agents in the country on the North Shore to get the deals done. Have a good June!

Brand new, luxury Takapuna lifestyle

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Mt Victoria Property Ltd, setting new standards in architectural brilliance, invites you to discover five brand new exclusive freehold townhouses that redefine luxury living. Their commitment to excellence is evident in every detail, showcasing a contemporary living philosophy that pioneers design previously unseen on our shores.

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The generous open-plan living, dining, and kitchen areas seamlessly extend to sun-filled decks, providing ideal spaces for family gatherings. With four bedrooms strategically distributed across each residence, including a ground floor option, perfect for an office or media room, three bathrooms and four toilets, these townhouses are designed for both comfort and versatility. To future-proof your home, a private lift takes you effortlessly to every level, including your rooftop terrace.

Embrace the vibrant Takapuna lifestyle with scenic walks, parks, and beaches at your doorstep. Enjoy nearly 100 dining options, shopping malls, sports facilities, and a hospital in close proximity. If you've been in search of modern, high-quality living in Takapuna, the time is now.

Contact us to schedule a private tour of these bespoke properties, meticulously designed for privacy, protection and peace of mind. Don't miss the opportunity to be part of the future - your luxurious sanctuary awaits.

Deadline Sale to be submitted by 3pm, Thursday 4 July 2024 (unless sold prior)

Viewing as advertised.

Matt Rogers 022089 4266

matt.rogers@harcourts.co.nz

Travis Adolph 021619 266 travis.adolph@harcourts.co.nz

Harcourts Cooper & Co Real Estate Ltd Licensed Agent REAA 2008

Matt Rogers Travis Adolph

2 BEDROOM APARTMENTS FROM $725,000

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The Strand Takapuna

Rory Blair 021 0233 8073

rory@prestigerealestate.co.nz

prestigerealestate.co.nz

Davis 022 192 1614

Craig Crosweller 021 630 150 craig@prestigerealestate co nz fleur@prestigerealestate.co.nz Takapuna Beach HouseIconic Position

15 The Strand exemplifies unparalleled beachside living. Situated just four properties away from Takapuna Beach and near the heart of Takapuna centre, this solid masonry, California-style beach house is truly exceptional. Featuring four spacious bedrooms and an additional office or secondary living space. With double-glazed windows, beautifully designed outdoor areas, modern interiors, luxurious Italian-tiled bathrooms, and a European-designed kitchen equipped with high-end Gaggenau cooktop, dishwasher, and a Wolf oven, this home is absolutely stunning. A lift offers easy access to all floors, from the ground level to the rooftop.

Located on approx. 1192m2 of prime waterfront land, this is an incredible opportunity to secure one of Churchill Roads treasures Built in 1969 and cleverly designed across the width of the section, every room in the house captures the sun & magnificent wide sea views of the Hauraki Gulf and beyond. With its own private gated access to Churchill Road Reserve, you literally have an extended backyard, with coastal walkways and the beach just metres away.

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wide sea views

Rory Blair 021 0233 8073 rory@prestigerealestate.co.nz

Elegant black stone flooring and tiles add sophistication to the living spaces. A convenient guest suite on the main level complements the three exceptionally spacious bedrooms upstairs The master suite is a retreat in itself, with a luxurious ensuite featuring a double shower and a spa tub overlooking the ocean views. Landscaped gardens designed for low maintenance living.

Jodi Douglas 021 278 8309 Angela Pervan 021 816 090

jodi@prestigerealestate co nz angela@prestigerealestate.co.nz

MILFORD | 5E PIERCE ROAD

Buy Me Now - Love Me Forever!

A glamorous dream home, minutes to the beach and lake, village, restaurants, cafes and mall. Nestled in one of Milford’s best streets, this is the premium “end” townhouse, providing extra space and privacy. Luxury living over three levels, with expansive windows filling each room with light, creating an ambiance of elegance and comfort. Indulge your inner chef in the wonderful state of the art, open plan kitchen, equipped with premium appliances, sleek spacious benchtops and ample storage. Living areas with high ceilings overlook outdoor entertaining on a sun filled north facing balcony with infra red heaters for evening and winter warmth and spectacular LED lighting, plus an additional back courtyard and garden. There is lift access to all three levels, central heating and air conditioning, automated electric blinds inside and out and double glazing throughout. A lavish master bedroom with sea views plus built in LED headboard and ensuite bathroom, three additional double bedrooms, one with ensuite and a gorgeous family bathroom. Your vehicles are safe in the internal double garage plus there are two additional car parks. With a freehold title, excellent schools nearby and situated in a gated complex of only 5 townhouses and the security of a lock up and leave environment, this beautiful home offers the perfect blend of luxury, location and lifestyle. Don’t miss this opportunity. Our motivated vendors have already found their new home, making this an exceptional opportunity for you. CAROLE THOMAS 021 539 553

CaroleThomas@premium.co.nz OFFICE 916 6000 premium.co.nz /80538

PLEASE CALL FOR VIEWING TIMES PRICE | $2.95M