Luxury Issue The Issue 2, 2023 Get Ready Licensee Salesperson (LLB, AREINZ) 021 221 8622 | lisa.macqueen@raywhite.com Lisa MACQUEEN
Many sellers in Remuera are pleasantly surprised by track conditions. Far more potential sellers are poised at the starting flag. Foot hovering over the accelerator, ready to come to market when conditions improve.
When deciding to sell, personal circumstances play a significant role. However, there are several other factors influencing potential sellers’ decisions:
• The Reserve Bank has signalled a potential end to interest rate hikes.
Get Ready The Professional
• The Official Cash Rate (OCR) is currently on hold at 5.5%.
• Inflation is falling, with the Consumer Price Index (CPI) down to 6% from its peak at 7.3% last year.
• House values have stabilised and are no longer falling.
• The election scheduled for October.
• Uncertainty when interest rates will start coming down – some commentators mention mid2024.
Contrary to some beliefs, buyers are active in the market. Outstanding sales have been transacted in a low-listing environment. June 2023 was reported as the lowest June on record for new listings nationally. While Remuera follows the national trend of low new listings, the sales values in Remuera are significantly higher than other areas.
If you are considering selling in the next 6 months, I’d recommend taking advantage of the current high buyer demand and low listings levels. Once more properties come onto the market, competition will increase.
For reputable professional advice on the value of your home, likely buyer demand, and skilled safe hands to guide you to a successful sale –contact Lisa MacQueen 021 221 8622.
Lisa MACQUEEN 021 221 8622
March-June 2023
Lisa MACQUEEN 021 221 8622
MJRE SALE MJRE SALE MJRE SALE MJRE SALE MJRE SALE MJRE SALE MJRE SALE MJRE SALE 76F Lucerne Road Sold $12,800,000 CV $9,800,000 Land 2,334m2 | Floor 548m2 244 Remuera Road Sold $7,725,000 CV $8,300,000 Land 607m2 | Floor 488m2 48 Seaview Road Sold $7,700,000 CV $6,500,000 Land 1,034m2 | Floor 438m2 204 Remuera Road Sold $7,100,000 CV $5,400,000 Land 776m2 | Floor 422m2 44 Entrican Avenue Sold $6,410,000 CV $6,400,000 Land 1,390m2 | Floor 305m2 44 Ranui Road Sold $6,300,000 CV $5,200,000 Land 957m2 | Floor 511m2 10A Dromorne Road Sold $6,250,000 CV $3,500,000 Land 667m2 | Floor 396m2 102 Victoria Avenue Sold $6,000,000 CV $6,000,000 Land 1,099m2 | Floor 353m2 117 Arney Road Sold $5,650,000 CV $6,300,000 Land 1,348m2 | Floor 172m2 138 Victoria Avenue Sold $5,175,000 CV $4,850,000 Land 675m2 | Floor 266m2 21 Warrington Road Sold $5,000,000 CV $3,125,000 Land 806m2 | Floor 275m2 36A Clonbern Road Sold $4,250,000 CV $6,000,000 Land 1,123m2 | Floor 404m2 65A Portland Road Sold $3,950,000 CV $3,750,000 Land 1,012m2 | Floor 378m2 26 Ventnor Road Sold $3,910,000 CV $4,250,000 Land 884m2 | Floor 262m2 1/14 Waiata Avenue Sold $3,790,000 CV $3,650,000 Land 665m2 | Floor 287m2 28 Orakei Road Sold $3,680,000 CV $4,800,000 Land 1,085m2 | Floor 432m2 7 Wootton Road Sold $3,675,000 CV $1,525,000 Land 621m2 | Floor 154m2 42 Mahoe Avenue Sold $3,601,000 CV $3,550,000 Land 601m2 | Floor 358m2 6 Dromorne Road Sold $3,500,000 CV $3,200,000 Land 809m2 | Floor 296m2 26 Sonia Avenue Sold $3,500,000 CV $3,900,000 Land 1,039m2 | Floor 260m2 20 Wairua Road Sold $3,400,000 CV $4,300,000 Land 619m2 | Floor 355m2 11 Brookland Place Sold $3,300,000 CV $3,750,000 Land 895m2 | Floor 275m2 6 Lingarth Street Sold $3,250,000 CV $3,250,000 Land 653m2 | Floor 282m2 194 Upland Road Sold $3,130,000 CV $3,175,000 Land 779m2 | Floor 229m2 240A Victoria Avenue Sold $3,050,000 CV $3,600,000 Land 601m2 | Floor 288m2
Lisa MACQUEEN 021 221 8622
This issue of Lisa MacQueen’s The Luxury Issue features a wide selection of published residential property sales. The information comes from multiple sources and may include private sales. Where data is not publicaly available, a sale may not be reported. While every reasonable effort has been made to ensure the accuracy of the information, inaccuracies may occur, and you should not confine yourself solely to the contents and should make your own inquiries to satisfy yourself in all respects. Megan Jaffe Real Estate Ltd Licensed (REAA 2008) Ray White Remuera and/or Lisa MacQueen, accept no responsibility should the contents of this Issue prove to be incomplete or incorrect.
Ray White Remuera | Megan Jaffe Real Estate Ltd (Licensed REAA 2008)
15 Mahoe Avenue Sold $3,030,000 CV $3,175,000 Land 860m2 | Floor 197m2 7 Shera Road Sold $2,850,000 CV $3,150,000 Land 1,084m2 | Floor 213m2 78 Portland Road Sold $2,825,000 CV $3,100,000 Land 493m2 | Floor 358m2 49 Lingarth Street Sold $2,810,000 CV $2,975,000 Land 634m2 | Floor 122m2 48 Ventnor Road Sold $2,600,000 CV $2,425,000 Land 386m2 | Floor 211m2 26 Ngapuhi Road Sold $2,580,000 CV $2,825,000 Land 769m2 | Floor 128m2 9A Dilworth Avenue Sold $2,551,000 CV $4,300,000 Land 914m2 | Floor 234m2 85A Lucerne Road Sold $2,550,000 CV $2,700,000 Land 680m2 | Floor 259m2 132 Ngapuhi Road Sold $2,520,000 CV $2,725,000 Land 675m2 | Floor 279m2 64 Lillington Road Sold $2,510,000 CV $2,625,000 Land 607m2 | Floor 205m2 1/35 Mainston Road Sold $2,500,000 CV $2,500,000 Land 268m2 | Floor 181m2 1A Pukeora Avenue Sold $2,480,800 CV $2,425,000 Land 731m2 | Floor 186m2 127A Bassett Road Sold $2,460,000 CV $2,850,000 Land 623m2 | Floor 318m2 7 Crown Lane Sold $2,450,000 CV $2,525,000 Land 394m2 | Floor 164m2 5 Kelvin Road Sold $2,400,000 CV $2,775,000 Land 1,103m2 | Floor 207m2 6 Te Hakari Lane Sold $2,400,000 CV $2,500,000 Land 295m2 | Floor 175m2 4B Waiatarua Road Sold $2,360,000 CV $2,425,000 Land 400m2 | Floor 259m2 197A Victoria Avenue Sold $2,300,000 CV $2,625,000 Floor 252m2 3/276 Victoria Avenue Sold $2,300,000 CV $2,100,000 Land 331m2 | Floor 165m2 15 McFarland Street Sold $2,200,000 CV $2,100,000 Land 700m2 | Floor 214m2 768 Remuera Road Sold $2,188,800 CV $2,975,000 Land 878m2 | Floor 246m2 43C Green Lane East Sold $2,153,000 CV $2,525,000 Land 501m2 | Floor 288m2 13 Peach Parade Sold $2,100,000 CV $2,575,000 Land 946m2 | Floor 131m2 130 Ngapuhi Road Sold $2,040,000 CV $2,500,000 Land 675m2 | Floor 194m2 9A Mainston Road Sold $2,030,000 CV $2,150,000 Land 619m2 | Floor 210m2 6 Hiriri Avenue Sold $2,000,000 CV $2,350,000 Land 315m2 | Floor 237m2 11A Ormonde Road Sold $2,000,000 CV $2,150,000 Land 356m2 | Floor 234m2 MJRE SALE MJRE SALE MJRE SALE MJRE SALE MJRE SALE
