Ross Hawkins' Property Portfolio - September 23

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 highend residential sales in the high value Auckland suburbs as well as highend 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

Awards and Accolades

22/23 - Chairman’s Elite

22/23 - NZ Marketing Excellence Award

21/22 - Chairman’s Elite

20/21 - Chairman’s Elite

19/20 - Honorary Chairman’s Elite

Personal Assistant and Licensee Salesperson

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.

hawkinsproperty.co.nz

TRACEY PATCHING

We have recently found ourselves in an unpredictable period. Just when we thought interest rates were at their peak suddenly overseas influences have pushed them even higher.

We now have a number of factors at play and the potential for change of our government in October

The market has very much been sitting on its hands from a listing point of view with a wait and see attitude. This provides the perfect opportunity for those who list now to steal the market and take advantage of the lack of stock. If you list now your property will stand out and should get great activity before the rush of listing coming on

With the high possibility of a National lead government from mid October the policies they propose will considerably increase activity from both vendors and purchasers.

The policies of freeing up to offshore buyers above $2 million and bringing the bright line timeframe back to 2 years from 10 will stimulate the market and potentially restore some of the value lost by property owners in the past 18 months. The smart ones will buy now before all this if they can find the stock.

There lies the opportunity of listing now and getting your property sold so you can be in a cash position when the main flow of property stock comes to market later in the year to early 2024

If you are thinking of making a move feel free to call me now for a discussion to assess if the time is right for you.

hawkinsproperty.co.nz

The recent RBNZ data shows that first home buyers made up just 24.80% of total new mortgage lending in July 2023 which is a sharp uptake from July 2022 at 18.90%.

This has been a common trend with an increasing number of prospective homeowners taking advantage of the opportunities higher interest rates have presented

The Federal Reserve or USA's central bank has recently increased their EFFR or OCR equivalent to 5.50% which is the highest it's been in 22 years The knock on effect has been a slight increase to fixed rate pricing or Swap Rates here in NZ. However, the effect of this has been fairly nominal given most banks have already accounted for any movements in wholesale pricing.

Most economists are predicting rates are likely to be held at their current level till Q2 or Q3 2024 to allow for inflation to reduce to a level of comfort.

Having a strategy in place to buy during these times can enable opportunities to be considered and current rates to be kept if timed accordingly. Talk to us today to find out more

Mansion finally sells for $6.8m, after last-minute change in tactics

Large family home in Auckland’s Kohimarama had been languishing on the market for eight months.

A mansion-style house in Auckland's Kohimarama sold under the hammer last week for $6.8 million - $200,000 above its 2021 CV.

The five-bedroom, five-bathroom house on Kohimarama Road first hit the market in November last year, by way of price by negotiation, but had languished for more than eight months until the vendors decided to switch tactics and put the property up for auction.

The tactic worked, with the $6.8 million sale price the second highest at auction this year and the second-highest overall for Auckland's Eastern Bay suburbs, following the sale of a brand-new mansion on Waimarie Street, in St Heliers, in July for more than $11m to an overseas buyer.

Three bidders competed for the family home last Thursday. Ray White listing agent Ross Hawkins believes the property would still be on the market if the vendors hadn't opted to go to auction.

“The auction campaign put the timeframe on it, gave people a finished date to work to and got it done. That’s quite a key thing in the market at the moment – if you don’t actually work to a timeframe, they can just drag on,” he said.

The new owners had been looking for a home in the Eastern Bays for some time to move closer to their children’s schooling, Hawkins said, but they only viewed the property once it was marketed as sale by auction The other interested parties were local families looking to upgrade and upsize, he added

“It just proved the power of auction, bringing it to a head and bring it to a date and creating the competition because we got it done at the auction ”

Hawkins said the current shortage of stock also helped achieve a premium price for the property as there were not many properties of that size or calibre for sale

“There wasn’t a hell of a lot else on the market to choose from either, but it is a great house, a big house, it’s got big land, it’s 1255sqm of land and 540sqm of house with 178sqm of covered terraces as well so big living place, great for a decentsized family ”

The home also had a pool and a self-contained downstairs unit suitable for guests or extended family members “It’s a good sale,” he said “There’s such a lack of stock that if you’ve got good property now is the time to sell it because you don’t have a lot of competition ”

National to overturn foreign buyer ban: What it means for house prices

National said it would introduce a 15% foreign buyer tax on purchase of houses worth over $2m.

The National Party has promised to overturn the foreign buyer ban for some homes if it wins the election in October.

National made the pledge this morning as the announced details of their tax policies.

The ban was brought in by Labour in 2018 after international buyers were perceived to be snapping up homes ahead of local buyers.

National said it would introduce a 15% foreign buyer tax on purchase of houses worth over $2 million, which it said would raise $740m a year in tax revenue. The party would keep the ban in place for homes valued less than $2m.

Data analysis by OneRoof and Valcoity shows just 5% of residential properties in New Zealand are valued at $2m or above The local authority with the highest percentage of homes that could be bought by foreign buyers under National's plan is Queenstown-Lakes, with 29% of all residential stock falling into the higher price bracket Auckland has the highest number of $2m-plus properties while West Coast has the fewest - just one

The research also shows just how $2m-plus sales there have been in New Zealand in the last two years Of the 133,170 settled sales since August 2021, just 7177, or 5 3%, have been for $2m-plus, with again Auckland accounting for the bulk of higher-value transactions

Hamish Walker, director of the newly established Walker and Co Realty, based in Queenstown, told OneRoof after the announcement that National tax policies were "good news for Queenstown and a relief for many in the high end construction sector"

Walker, a former National MP who now specialises in selling highend real estate and has brokered $80m of property deals, said the pledge would lead to more enquiries from overseas for Queenstown homes

"I have buyers looking to buy high end luxury property here and was in Singapore meeting buyers only a few weeks ago," he said, adding that foreign buyers were unlikely to be competing with Kiwis for homes.

"It’s a completely different market. Our country is much better off giving them the opportunity to buy higher end homes here."

"I was selling a property last year that would have sold a number of times over if Americans were allowed to buy it. The price tag was well north of $30m. New Zealanders just aren’t in this market." He added: "I had clients in my office just last week who said they would be happy to pay some sort of tax if they were allowed to buy high-end homes."

Ross Hawkins, who deals in high-end properties for Ray White, also welcomed the announcement, which he said addressed earlier concerns that overturning the ban would make it harder for first-home buyers to get on the property ladder.

He didn't think the policy would lead to a surge in house prices if implemented. "I don't think it will have a dramatic effect on [property] values, but over time it will probably help restore the [property] values people lost over the pandemic period."

He said he had buyers who would love to set themselves up long-term in New Zealand. "Even though we've had economic trauma, we are still the safe haven at the bottom of the South Pacific that people want to set themselves up to a longterm future, and that opens the doors to that," he said.

Queenstown-based independent economist Benje Patterson told OneRoof that allowing foreign buyers to purchase properties worth more than $2m could put pressure on the upper end of the market but it certainly wouldn't impact the general housing market.

"They [foreign buyers] will be outside that price bracket that the largest volume of homes by far are transacting in." Infometrics principal economist Brad Olsen said the tax policy had managed to remove part of the ban in a segment of the market that didn't concern general New Zealanders, while also reaping some revenue rewards.

"For a lot of the property market that's not going to affect the majority of people who are looking to buy a family home or even an investment home. Almost none of them are going to be playing in the $2m plus target."

Chris Farhi, head of insights at Bayleys, told OneRoof the policy would lead to extra demand at the upper end of the market but it wouldn't be "over the top".

Overseas markets were calmer at the moment and countries such as China had put in rules about capital going offshore, he said.

Foreign buyers were likely to be looking at markets that have more expensive houses, such as central Auckland, North Shore, Queenstown-Lakes and some of Christchurch's high-end suburbs.

Farhi says there could also be some interesting activity around the $2m threshold where sellers might try their luck and price a $1 995m house at just over $2m to attract the overseas buyers group

"Whether or not it transacts at that level will just depend on where the local vs the foreign interest is, but I would say we would see some tactical stuff like that "

Welcome

to

15 Bradford Street, Parnell

This magnificent home has been fully renovated and restored to its former glory by the currently owners.

Conveniently positioned just off Parnell Road everything you need is in easy walking distance

With pedestrian access off Bradford Street and a double garage and guest parking accessed off Garfield Street this gorgeous home offers so much that is very hard to find in Central Parnell.

The original craftsmanship and exquisite character has been retained and enhanced throughout the home.

The relaxed country style kitchen with high end appliances together with scullery and marble bench tops sits in the hub of the home on the living level. The home has easy flow through this level with casual living , formal living and formal dining rooms.

The gorgeous central stairs off the entry foyer lead you up to the bedroom level with 3 generous bedrooms all with private ensuites and great wardrobe space. There is also an office/study on this level.

With the smaller land size here this home delivers an ideal next step for those who no longer want or need the big land and maintenance and require easy living without all the work. You may not be ready for an apartment and need the space of a family home. Here you can lock and leave when required.

If this is you, then this home is a must see option.

r e s i d e n t i a l

T h e A r t o f L i v i n g

The clever design of modernism showcases seamless indoor/outdoor living and utilises every part of the property to its maximum. The bi-folding frameless glass at the northern end of the lounge removes the definition between inside and out.

Step effortlessly from the chic lounge to the outside space, featuring a 13.5 metre infinity pool and expansive deck area - an entertainer's dream

FOR SALE

15 Bradford Street, Parnell

This magnificent home has been fully renovated and restored to its former glory by the current owners.

Conveniently positioned just off Parnell Road everything you need is in easy walking distance

With pedestrian access off Bradford Street and a double garage and guest parking accessed off Garfield Street this gorgeous home offers so much that is very hard to find in Central Parnell

The original craftsmanship and exquisite character have been retained and enhanced throughout the home The attention to detail with the pressed ceilings, cornices and crafted cabinetry really set this home in a league of its own

For Sale

Price On Application View

As advertised online or by private appointment

FOR SALE

5 Garden Road, Parnell

Tucked away in an exclusive cul-de-sac position high on Remuera's golden mile this stylish apartment is just one of two up a private driveway

This top-floor north-facing position has breath-taking views from the city skyline across the harbour to the Hauraki Gulf beyond The stylish top-floor apartment delivers an idyllic lifestyle of peace and privacy in the exclusive Garden Road

Flooded with natural light the stylish contemporary interiors are enhanced by wide scenic windows and fresh neutral decor

For Sale

Price By Negotiation View

As advertised online or by private appointment

FOR SALE

1/4 Logan Terrace, Parnell

Nestled in a Nikau grove overlooking Hobson Bay on the north/east slopes of Parnell, this high-end designer home presents a rare opportunity for down-sizers looking for the ultimate low-maintenance city pad.

Designed by Pete Bossley to a very high spec the upper level delivers a slick modern open plan living area of glass, complete with a Morgan Cronin kitchen looking over the bay This gallery-style space with its high vaulted ceilings of timber is light and airy.

For Sale

Price By Negotiation View

As advertised online or by private appointment

FOR SALE

901/9 Princes Street, Auckland

The International, Auckland is widely considered one of the best apartment developments in Auckland CBD.

On offer on level 9 is a north/west facing high-quality 178m2 corner apartment

Boasting a 3m (approx.) stud height and generous open-plan living which is larger than any other two bedroom apartments you will find in the City.

With floor-to-ceiling glass sliders delivering an amazingly versatile space this really is an opportunity not to be missed.

For Sale

Asking Price

$2,450,000

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FOR SALE

For Sale

Price By Negotiation View

As advertised online or by private appointment

4D/2 Churton Street, Parnell

The building resembles a piece of art or sculpture and with the clever use of glass brick exterior walls delivers a light-filled open-plan living space while also giving the apartment privacy with openness.

This cutting-edge development has just been completed. Designed by Monk MacKenzie, Edition delivers premium quality apartments in the heart of Parnell.

A stylish 2 bedroom, 2 bathroom 101m2 apartment comes complete with 2 carparks and a storage area in the basement.

c o a s t a l & l i f e s t y l e

FOR SALE

45 Rosario Crescent, Red Beach

Poised to capture magnificent never-to-be-built-out views across the sparkling Orewa River and iconic beach; presenting an exceedingly rare opportunity to create your very own Red Beach trophy home or develop 3 as per the current approvals

Holding a prime elevated position that takes full advantage of the iconic backdrop, the property presents truly exciting potential for a bespoke designer renovation or develop the proposed brand-new state-of-the-art contemporary townhomes.

For Sale

Price By Negotiation

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FOR SALE

14 The Esplanade, Campbells Bay

On offer for the first time in 60 years is a completely unrivaled redevelopment opportunity for an astute purchaser to secure one of the best positions on the Campbells Bay beachfront.

Offering 20m of beach frontage with riparian rights 14 The Esplanade offers a true opportunity for families looking to come into this popular area and lock in one of the most sought-after positions.

North/East Facing, Fee Simple 1831m2 (approx ) has two existing homes and is ripe for redevelopment or renovations

For Sale

Price By Negotiation

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As advertised online or by private appointment

FOR SALE

34 Quinns Road, Clevedon

Hidden near the end of a quiet dead-end country road and spanning over 4 hectares, this lifestyle property delivers a unique living environment.

This established country estate includes 2 substantial easyliving character homes and numerous outbuildings; extremely well suited to multi-generational families or home and income. You also have regenerated native bush and established landscaping with a private pool complex that must be experienced to be believed

Here you can revel in the most special of country homes. If it's the quiet life you crave just close the gates and hide away in one of the most unique and private properties in Clevedon

FOR SALE

Pakatoa Island

With the ever-changing world we now live in the time is right to bring this jewel island back to life for us all to enjoy again

The beaches a gorgeous and with just 24 hectares of rolling coastal land to the most picturesque bays you will find in New Zealand there are so many options

There are many existing buildings to renovate or remove and the original resort on the main beach alongside the recently upgraded wharf.

You have tennis courts and a pool that can be easily upgraded as part of the amenities.

You have the ability to subdivide and sell down the most amazing island lifestyle lots you could every imagine

For Sale

Price By Negotiation View

As advertised online or by private appointment

s e c t i o n s

FOR SALE

Weiti Bay, North Shore

Live among nature, become more relaxed, and reduce stress

Weiti Bay is a new gated and completely private 230 acre subdivision surrounded by wildlife, beaches, bushwalks, estuary, and ocean.

With private beachfront reserve and wetland areas to your left as you make your way through the grand stone gated entrance and vast valleys of revegetated native bush to your right.

You then transition through the generously sized sections delivered in stage one of this outstanding coastal community and will see the final stage in front of you overlooking the white sand beach to the Hauraki Gulf and beyond.

For Sale

Price By Negotiation View

As advertised online or by private appointment

FOR SALE

Okura Waterfront, North Shore

Amazing opportunity to own 40,000m2+ (approx ) of land on the water. Sections with either riparian rights or private beach access available.

Unspoilt and idyllic, this is the last of the best in Auckland This is a place to unwind, build your dream home and escape the city without hours of travel.

The Reserve occupies 130 hectares of land north of Long Bay at Okura, at the very top of Auckland's North Shore It's a site with a stunning coastal outlook over the Long Bay-Okura Marine Reserve, alongside the Okura Estuary. Close by lies the bush-clad hills of Okura Scenic Reserve, its ridges and valleys rolling down to the Long Bay-Okura marine reserve, with views beyond to the Hauraki Gulf

Private, secure and with a truly beautiful setting, The Reserve is designed to give residents the perfect canvas for their imagination.

Priced From $3,500,000

FOR SALE

Lot 2 Graces Terrace, Queenstown

This outstanding rural lifestyle block of 1.66 hectares is as good as you will find in the Wakatipu Basin

Nestled in against the hillside with its back to the southerly winds and enjoying a sunny north and west aspect, the property is at the end of a quiet no exit country road so is as peaceful as could be

The building platform of 800m2 enjoys elevated views up the Shotover River toward Arthur's Point and all the way around to Coronet Peak and further to the Crown Range and Mt Cardrona

With title recently issued this lifestyle block is ready for you to bring your inspiration to create the ultimate in Southern Lakes lifestyle living.

FOR SALE

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Lot 5 Station Rise, Wanaka

Lot 15 Station Rise, Wanaka

Lot 15 at 582m2 is arguably one of the best sites in Station Rise and is fully serviced and ready to build your dream house Arrive at Station Rise through a stone entranceway and the wide private street has a quality finish There are design covenants in place to ensure the quality and design of all houses will be to a high standard which ensures future quality and values of all properties.

Asking Price $1,275,000

Located on a gently sloping north-facing corner site with fully mature and protected trees it's just across the road from Station Park and a 3-minute walk from the shores of Lake Wanaka. Extremely sheltered from the prevailing winds the location is very convenient being just a short walk along the lake to Wanaka Township and the marina. Construction recently completed with titles now issued - Builders and design team available to make the process easy for you

d e v e l o p m e n t s

FOR SALE

2 Churton Street, Parnell

Edition is a timeless elegant award-winning boutique development of just 19 exclusive apartments designed by Monk McKenzie in collaboration with Bureaux.

Recently completed in a prime Parnell position overlooking the inner harbour to North Head and Rangitoto, this spectacular building has set a new benchmark in high-quality contemporary luxury living.

With 6 unique spacious light-filled designs available, this is a rare opportunity to be a part of EDITION.

2 bedrooms designer apartments priced from $2,950,000 and 3 bedrooms priced from $5,950,00

For Sale

Price on Application

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As advertised online or by private appointment

362 Kohimarama Road, Kohimarama

Sale Method: Auction

CV: $6,600,000 Sold for $6,800,000 SOLD

38 Spencer Street, Remuera

Sale Method: Auction

CV: $1,725,000

Sold for $1,495,000

132B St Stephens Avenue, Parnell

Sale Method: Off-market

CV: $2,950,000 Sold for $3,200,000

We have buyers who missed out and are still looking. For a premium result, now is the time!