Ross Hawkins' Property Portfolio - Issue 19

PORTFOLIO

ON THE COVER

65A PORTLAND ROAD, REMUERA

Shaped to the land in its authentic Japanese gardens this stunning home has glass and natural timbers cleverly put together over two levels

Ross Hawkins’ Property

Welcome to Ross’ Property Portfolio

Dealing with a diverse range of quality properties makes our business a pleasure to be involved with.

After 23 years in the business my substantial database has grown significantly and the requirements our clients have can be catered for with our years of knowledge and experience in these variousmarkets.

We are in a unique position being able to deal with not just your family home sale or purchase but also your holiday and lifestyle property requirements together with your kids apartments or firsthomepurchase.

It may even be an investment property or portfolio you are looking to buildonorcashup.

This sets us apart from other agents in the business and allows us to moveourfocustosuitourclientsfocusand/ormarkettrends.

We are passionate about property and generally focus on properties that have an X factor that sets them above the rest in some way. These are the properties that will move you forward over time being the best investment for consistent and safe capital growth for yourfuture.

Contact us now to discuss the market and your requirements, we wouldlovetohelpyoumakethoseimportantdecisionsinyourlife.

Warmregards, RossHawkins

MEET TEAM HAWKINS

ROSS HAWKINS | Licensee Salesperson

M. 0274 720 577 | E. ross.hawkins@raywhite.com

Intially specialising in project marketing and partnering and assisting key clients to develop, create and sell down large scale developments, both in Auckland City locations and in premium coastal locations around the country, Ross has always run his own projects from start to finish. This commitment is something Ross prides himself on, seeing all projects through until fully completed.

Over his 20+ year career, Ross has focused on high-end property and has set a number of records in high-end residential sales in the high value Auckland suburbs as well as high-end waterfront and lifestyle properties for his key clients.

Over his highly successful career Ross also owned and managed a real estate franchise in Orakei. Ross’s passion has always been his clients and achieving fantastic results for them, so business ownership was not for him and he turned his hand to becoming the No 1 salesperson for Sotheby's International retaining that title for 7 years.

CALEB RUFER | Licensee Salesperson

M. 021 0258 3304 | E. caleb.rufer@raywhite.com

Following in the footsteps of his Grandpop who worked in the Australian real estate market for 30 years. Caleb has a serious passion for sales, real estate and relationships. Specialising in high-end residential homes, apartment sales and developments in Auckland's central suburbs, Caleb opens doors of opportunity and it’s his relaxed nature and well-spoken demeanour that turns brief introductions into long-lasting relationships. It’s a lifestyle that Caleb loves and one you will find he is dedicated to. He delivers a quality of service that is direct, proficient, and personal which in turn, helps influence the next chapter of your life.

RICHARD BULL | Licensee Salesperson

M. 021 443 361 | E. richard.bull@raywhite.com

Richard’s international telecommunications and IT products and services career of over 20 years means he is highly skilled in customer service, business sales and marketing, account directorship, general management and operational excellence across many cultures. These professional skills and a deep knowledge of business best practices are the foundation of the full service that Richard now provides his property clients. Throughout his corporate career, Richard has continued to participate in his love of property, architecture, renovation, landscaping and design. Richard has well-established contacts in the Real Estate industry, such as property developers, architects, designers, builders, mortgage brokers, and commercial agents making him an integral part of a successful team.

TRACEY PATCHING | Personal Assistant

M. 021 2444 600 | E. tracey.patching@raywhite.com

For over 15 years, Tracey has been involved in various aspects of the real estate industry and brings a wealth of knowledge to compliment the team.

Tracey works behind the scenes ensuring all the administration aspects of the listing, advertising and sale processes run smoothly for the team, the vendors and purchasers.

House-hunting on NZ's richest streets: Buyers with billions in their wallets ready to pounce

Buyers are willing to shell out top-dollars for homes on New Zealand’s richest and most prestigious streets ... but the problem is the ones they want don't come up for sale that often.

Orakei, in Auckland, boasts some of the country's most expensive houses, including one that still holds the record for New Zealand's highest residential sale price - the the mansion built by financier and director of failed Hanover Group Mark Hotchin, which sold for $38.5m in 2013.

There have only been 10 settled sales in Orakei so far this year and the highest amount paid was $5.7m in February for a property on Titai Street, and while it’s a far cry from the $20m sale on Paritai Drive last year and the $12.5m sale on Karori Crescent in 2021, agents say they still have wealthy buyers ready to pounce when they find a property they love.

Bayleys agent Sarah Liu has a number of buyers willing to spend between $10m to $13m plus for properties on these prestigious streets.

Most of them are looking for homes with amazing water views that don’t need any work. “They have the ability to afford to buy a luxury house as long as they like it,” she says.

Liu said buyers are drawn to Paritai Drive, Okahu Street and Karori Crescent because of the impressive and uninterrupted views a lot of houses on these streets boast. They will also consider properties on other streets in neighbouring suburbs such as Ronaki Road in Mission Bay providing they offer the same things, she says.

Properties with sought-after views also come with some equally impressive price tags. A recently renovated seven-bedroom, seven-bathroom Ron Sang-designed home at 10 Okahu Street, and a sixbedroom, six-bathroom Italianate Hollywood-style mansion at 9 Karori Crescent are both currently for sale with price indications of about $15m.

Liu also has two off-market listings for luxury homes on Paritai Drive in Orakei and Ronaki Road in Mission Bay due to the owners requesting privacy.

And it’s not just the fancy homes buyers are paying for because the land on some of these sought-after streets are, in some cases, worth more than the houses.

1169sqm section on Karori Cr with wrap-around views fetched $9.82m last year, while a property with watertight issues on Okahu Street recently sold under its RV of $7m.

The exact price of the Ohaku Street property cannot be disclosed until settlement, but Liu says it was a good price for what was land value only as the new owner planned to bowl the existing house and replace it with a luxury new-build.

Properties without the massive views appear to come with slightly smaller price tags and a large fivebedroom, three-bathroom family home on Tuhaere Street in Orakei recently sold for $5.08m, above its RV of $4.55m.

Ray White salesperson Ross Hawkins, who sold the Tuhaere Street property, says there is currently a building boom happening on Orakei’s premium streets.

He has wealthy developer clients who have owned land there for a while and are now building on them.

Some of these high-end homes can take anywhere between two and five years to complete and by then the market is likely to have picked up again, he says.

“Generally wealthy buyers are busy with their business and with the process being a lot of hard work for those who don’t work in that space they don’t mind paying a premium for instant gratification rather than spending the three-to-five-year process that goes into doing it themselves.”

While Paritai Drive has traditionally led the charge on property values in Auckland, Hawkins would not be surprised if Karori Crescent overtakes it due to some of New Zealand’s most expensive homes currently being built on the street.

However, finding a property on one of these premium streets is not easy as they are tightly held with owners often snapping up their neighbour’s properties to cement their value, give them control of what happens around them and often protect their view.

“It is very common for these owners to be multigenerational with properties having been in families for up to 70-odd years in some cases.”

There are 11 townhouses in the Okahu Villas development being sold off the plan with prices starting from $1.925m.

Hawkins says it is expected that by the time they are completed, there will be a shortage of new affordable homes in Orakei and little for people to choose from.

Wall Real Estate owner Graham Wall, who is selling one of the few properties currently for sale on Paritai Drive, says it is still viewed as one of the city’s best streets because of its fantastic views and tranquillity. The property at 31 Paritai Drive, which has an RV of $12.75m, is famous for having the best private art gallery in the country in it.

The 918sqm David Mitchell-designed architectural icon is on a 1315sqm section on the northern side of Paritai Drive and, according to a Wall, has a racking and storage system better than the Auckland Art Gallery.

However, due to it being a unique property, Wall says finding a specific buyer is taking time because not everyone wants a large art gallery as part of their home.

Article from OneRoof - Nikki Preston 13 May 2023

After the boom times in the real estate market coming out of COVID which completely went against the grain of what everyone thought would happen the market took a turn for the worst.

From one extreme to the other the real estate market completely feel off a cliff leaving many in the lurch. The trading side of the market suddenly didn’t exist and with a continual and gradual decline of prices and rising interest rates the investment market no longer stacked up.

It’s been a long slow grind through the decline but the good news is we are now finally seeing light at the end of the tunnel. It has been very frustrating for all involved and for agents who couldn’t put a foot wrong during the covid boom period there are now many who have not survived the period of decline in the market place.

It’s been a time for being creative for the survivors and the good agents with experience who have ridden the ups and downs of the previous property cycles remain. We now have fewer and a better quality of agent in the real estate sector. With the last month seeing a steady increase in open home attendees , the talk of the end of interest rate hikes at the bank and the fact we are coming through the end of our recession there has never been a better time to purchase property here in New Zealand.

The higher interest rate levels we currently have are a temporary thing as are the lower prices we are experiencing so the buyers who make the call now to jump back in and absorb the higher rates for a short period will prosper going forward and make the most of the recovery.

Those that don’t purchase and wait for the rates to drop could well miss the bottom of the market and in the years ahead I’m sure will be saying “we should have purchased in 2023.”

With the high replacement cost of housing we are now experiencing due to recent construction cost rises values of quality existing homes will be held up. The RMA process is not getting any easier and with high construction costs likely to remain there is a lot to be said for purchasing quality existing properties in good locations in this market.

Team Hawkins have a stunning range of quality properties available and are out looking hard for more to satisfy the needs of our clients.

If you want to upsize your home there has never been a better time and if you are making a change in your living situation it’s important you buy and sell in the same market.

Call us now for an appraisal of your home and we can advise you on how you can prosper and win in this unique period we are experincing.

MARKET UPDATE FINANCE UPDATE

The RBNZ's recent 50 basis point hike to the OCR came as a surprise to most with the Official Cash Rate now reaching 5.25%. Given the fickleness of current inflation this is a clear indicator of the Reserve Bank's aggressive stance to reduce this within the prescribed 2%-3% range. Though a greater increase than expected, Swap Rates which tend to correlate with fixed rates have held relatively stable. The classic recessionary indicator which we last saw in the 2007 GFC of inverted yield curves is now present and directly correlates with fixed term pricing. Numerically, most bank are pricing 3 - 5 year fixed rates within the sphere of 5.99% - 6.10% and shorter term 1-2 year fixed rates between 6.25% -6.50%. Like any interest rate cycle, this is not territory we haven't ventured through before. Having a sound approach to tackling present interest rates can mitigate and allevaite any volatility to purchase or hold till these are eased.

PROPERTIES SOLD THIS MONTH

by Team Hawkins

37A FAULDER AVENUE, WESTMERE

4 A 2 C 1 D 3

F 2 I L

• On the market for 19 days

• Sold by pre-auction offer

• Designer residence spread across split levels

• State-of-the-art kitchen

• Open-plan living/dining plus second living area

• High-quality fittings and finishes throughout

• North-facing outdoor living area

• Heated pool and fully fenced level lawn

• Double garage with internal access

37 HOWARD HUNTER AVE, ST JOHNS

3

A 1 F 1 I

• On the market for 17 days

• Pre-auction offer bringing the auction forward

• Sold under the hammer

• Single level home with great indoor/outdoor flow

• Freshly renovated with premium finishes

• Spacious open plan living/dining area

• Huge deck area, level lawn which is fully fenced

• House size 120m2/ land area 398m2 (approx.)

• Elevated from the street and tucked up a right of way

Z E N

This unique property is an outstanding example of adapting long-revered Japanese building traditions to 21st-century lifestyles. Shaped to the land in its authentic Japanese gardens this stunning home has glass and natural timbers cleverly put together over two levels.

The home is generous and measures approximately 378 m2 plus 227m2 of deck and patio areas. The design and architecture deliver the appearance of lightness and weightlessness. Based on the principle of shakkei ('borrowed scenery'), the home capitalises on its natural surroundings and landscape to enhance the living experience from within.

An alluring nature-style pool with Japanese-style landscaping provides tranquil spaces to relax and live in your zen paradise.

This hidden treasure is truly special and offers a relaxed and calming living environment.

NZ HERALD ARTICLE FROM 1987

204 Remuera Road, Remuera

G O L D

•Prominently positioned corner site home on Remuera's 'Golden Mile'

•Elevated with breathtaking world-class views from the city skyline across the harbour to the Hauraki Gulf islands and around to the Coromandel Peninsula and Bombay Hill

•776m2 (more or less) with dual access

•Outstanding potential and boundless possibilities - recreate / renovate / rebuild

•Investment / Family Home / Home & Income

•Protected views from neighbouring property in front

rwepsom.co.nz/EPS31509

65a Portland Road, Remuera

Z E N

•Relax and live in your 'zen' paradise

•Based on the principle of 'Shakkei'

•378m2 plus 227m2 decks/patios (approx.)

•Glass and natural timbers over two levels

•Authentic Japanese gardens

•Alluring nature-style pool

•1012m2 land area (more or less)

rwepsom.co.nz/EPS31411 Black

Auction Onsite, 1.00pm Thurs 1 June (unless sold prior)

View

As advertised online or by private appointment

4 A 2 C 1 D 2.5 F 2 I L

Ross Hawkins 0274 720 577 A

Richard Bull 021 443 361

1 Rossbern Lane, Clevedon

•Nestled on 5703m2 (more or less) of flat land

•Titled land, Resource consent issued

•House and land package with David Reid Homes

•Architectural design 369m2 floor area

•Raking ceilings in kitchen, dining, and living

•3x water tanks, septic system

•120m 3 phase mains power and services

•Fabulous Town & Country playground

•Unrivaled redevelopment opportunity

•Outstanding potential and unlimited possibilities

•20m of beach frontage with riparian rights

•North/East Facing, Fee Simple 1831m2 (approx.)

•Two existing homes

•Enjoy the dramatic and ever-changing Hauraki

Gulf views from morning to dusk

•Unique garden apartment on elevated site

•Fully renovated in every aspect

•Large covered north-facing deck

•Views to Rangitoto

•Designer kitchen and bathrooms

•Large open plan living and new timber floors

•Two secure carparks plus storage shed

•Incredible high-end designed penthouse

•Spectacular city, harbour, and Hauraki Gulf views

•Direct lift access with a striking open layout

•Sun-drenched entertainment balcony

•Glass-encased conservatory plus media room

•Chef's kitchen with adjoining butler's pantry

•Lift access to secure four car spaces

•Extensive storage, electric car charging, and shared gym

34 Quinns Road, Clevedon

•Established country estate

•Private pool complex

•Regenerated native bush and established landscaping

•Main Home 344m2 (approx.) - 4 Beds 3 Bath

•Second Home 163m2 (approx.) - 3 Beds 2 Bath

•Outbuildings 192m2 (approx.)

The Ngunguru Peninsula, Whangarei

• 2000m2 (approx.) trophy home

• Elevated and boasting 360-degree views

• 27ha of rolling pasture and mature plantings

• Your own peninsula, with riparian rights

• 2-level atrium inviting in a casade of natural light

• Heated saltwater pool and spa

• A tidal jetty and boat ramp

• 3 additional dwellings, 3-bay shed plus more

rwepsom.co.nz/EPS30079

For Sale

362 Kohimarama Road, Kohimarama

Hidden from view down a private lane and tucked away behind security gates this majestic family residence is elegant in design and substantial in size.

Ideal for family living and extended families or guests this executive home has all the space you need making living here an absolute pleasure in a resort-style environment.

9 Mohi Place, St Johns

•Freehold title (no body corporate)

•Miele appliances & Italian tapware

•Floor-to-ceiling tiled bathrooms

•Heated LED bathroom mirrors

•LED lighting throughout

•Decks on all floors

•Residents association for peace of mind

•10 Years Stamford Builder's Guarantee

rwepsom.co.nz/EPS31340

For Sale

Price By Negotiation

View

As advertised online or by private appointment

Caleb Rufer 021 0258 3304

Ross Hawkins 0274 720 577

•Melbourne-style brick penthouse apartment

•Showcasing living spaces with lofty stud heights

•Capturing optimum light with year-round sunshine

•Full-width balcony with flexible stacker doors

•Secure tandem carparks plus storage space

•Only a block away from Ponsonby Central

• North/west facing 178m² corner apartment

• Boasting a 3m (approx.) stud height

• Generous open-plan living, with floor-to-ceiling glass sliders

•Travertine kitchen countertops, engineered oak floors, and Miele appliances

•Secure basement car park and storage locker

•Private resident library, cinema and dining room

2 CHURTON STREET, PARNELL

Edition is an elegant award-winning boutique development of just 19 exclusive apartments designed by Monk McKenzie in collaboration with Bureaux. Currently under construction in a prime Parnell position, this building

Available Re-sales

279 Lake Road, Takapuna

Lake Road Lofts have been conceived with Chris Tate Architecture to bring New York style to Takapuna living.

A selection of 3 and 4 bedroom lofts offering privacy yet maximising the use of outdoor space for entertaining with louvred canopies and balcony gardens. Carefully crafted industrial-style kitchen, full-height steel windows and open plan living.

rwepsom.co.nz/EPS25243

Black

3 A 2 F 2 I

For Sale

Priced From $2,545,000

View

By Private Appointment

Ross Hawkins 0274 720 577 A

Richard Bull 021 443 361

The sense of arrival at Weiti Bay through the newly established forestry road will take your breath away. Manicured beachfront reserve and wetland areas to your left and vast valleys of re-vegetated native bush to your right. You then transition through the generously sized sections of this outstanding coastal community. This offering delivers a rural coastal style of living in an unspoilt waterfront location like no other.

A variety of sections available. Call now for more information or to arrange a private viewing.

Bull

Okura Waterfront, Okura

• Amazing opportunity to own 40,000m2+ of land

• Approx. 25 minutes from Auckland CBD

• Sections with riparian rights or private beach access available

• Stunning coastal outlook over Long Bay-Okura Marine Reserve

• The Reserve is designed to give residents the perfect canvas for their imagination

43 Taumata Road, Omaha

•295m2 solid home on 1221m2 section

•Poggenpol designed Canadian Maple kitchen

•Tasmanian Oak flooring and handrails

•Italian Porcelain floor tiles

•Outdoor BBQ area with gas fireplace

•Outdoor private spa area with views

•Central retractable awning covered area

•Oversized double garage for boat storage

rwmatakana.co.nz/MKA30224

Black

4 A 1 B 2 C 4 F 2

I

For Sale

Price By Negotiation View

As advertised online or by private appointment

Heather Walton 021 432 167 A

Ross Hawkins 027 472 0577 A

Lot 2 Graces Terrace, Queenstown

•Outstanding rural lifestyle block of 1.66ha

•Located at the end of a quiet no-exit road

•Elevated views up the Shotover River toward Arthur's Point and around to Coronet Peak and further to the Crown Range and Mt Cardrona

•Title issued - bring your inspiration to create the ultimate in Southern Lakes lifestyle living

rwepsom.co.nz/EPS31284

Lot 5 Station Rise, Wanaka

-Private road and North-facing aspect

-Design covenants to protect value

-Titles due end December

-Short walk through Wanaka Station Park to Lake edge

-Walking distance from town

-Extremely sheltered position

-Design team and builders available if required.

rwepsom. c

o.nz/EPS30897

For Sale

Asking Price $1,250,000

View

Please contact the agent for viewing details

Ross Hawkins

0274 720 577 A

4 Theodore Court, Wanaka

•582m2 gently sloping north-facing corner site

•Exclusive private street of just 14 premium sites

•Recently completed with titles now issued

•Building and design teams available

•Design covenants in place to ensure the quality and design of all houses

•3-minute walk from the shores of Lake Wanaka

For Sale

Asking Price $1,275,000

View

Please contact the agent for viewing details

Ross Hawkins 0274 720 577 A

Pakatoa Island, Auckland

For years we have been remembering and dreaming of this Hauraki Gulf Island Resort with gorgeous beaches and 24ha of rolling coastal land to some of the most picturesque bays. There are many existing buildings to renovate or remove, the original resort and the recently upgraded wharf. You have tennis courts and a pool that can be easily upgraded. The possibilities are endless.