Sandringham Living | October

Why non-banks can be a great home loan option.

One of the big reasons to use mortgage advisers, rather than go direct-to-lender, is because they give you more choice. And one big way in which advisers offer more choice is by including non-bank lending institutions on their home loan panel.

As the name suggests, non-bank lending institutions do offer loans but don’t have a banking licence. They operate in niches that mainstream banks prefer to avoid. That can include serving borrowers who:

Are self-employed

Have bad credit histories

Have been rejected by other lenders

Want to consolidate multiple debts into their home loan

Non-banks tend to be much more flexible with their lending criteria: they tend to assess loan applications with an open mind, rather than hard-and-fast rules.

Another difference is that non-banks tend to charge higher interest rates than banks. While that might sound bad, a higher-rate loan for which you can qualify is generally better than a lower-rate loan for which you can’t.

Why non-banks generally charge higher rates

Both non-banks and banks secure funding (i.e. big pots of money) that they then on-sell to consumers. The reason non-bank lending institutions tend to charge higher interest rates is because they aren’t able to secure funding as cheaply.

Many non-banks aren’t able to accept deposits, which means they can’t tap into that cheap source of funding.

Instead, they tend to borrow money from mainstream banks – and banks obviously add a margin on top of whatever it cost them to acquire that funding in the first place.

If you want to get a home loan and your scenario falls outside the norm, a non-bank might be a great solution. Get in touch so I can assess your situation and recommend how to proceed.

Delightfully Daffodil...

Make doubly sure that this rare and sought after home goes right to the very top of your ‘must see’ list. Situated on much loved Daffodil Street the location is sure to be a popular choice for newcomers to the area and locals alike.

Beautifully refurbished, this home is a happy union of old and new. It has retained the character of its circa 1960’s era, with gleaming polished timber floors, a welcoming fireplace, chic timeproof weatherboards as well as touches of modern luxury that make life a bit more comfortable. Updates include a DVS system, renovated bathroom, full double glazed joinery and insulation.

The roomy lounge spills out onto a generously proportioned north facing deck. The ‘master chef’ in you will love the spacious and light kitchen, with stone benchtops, stainless appliances and chic glass splash back. Stylish lighting and neutral décor throughout the home are also sure to please.

Looking for secure storage? A workshop? Look no further. A separate garage is a massive bonus with additional carport and garden shed, covering off your

parking and storage needs and then some.

Green fingered enthusiasts will be quick to embrace the chance to create their own little paradise in the spacious 683m2 (more or less) garden, dotted with mature trees and fully fenced to safely contain kids and pets.

Conveniently situated an easy walk from Kaurilands Primary via Kawaka Reserve and also inzone for Titirangi School, Glen Eden Intermediate and Green Bay High School.

A short drive from the colourful, vibrant hub that is the Titirangi Village with its shops, cafes and restaurants.

Our owners are relocating due to work-related reasons. With the high demand for properties like this, put this home at the very top of your ‘must view’ list and secure for your family today.your family today.

Auction (unless sold prior)

4:00pm, Wednesday 26th Oct 2022

In Rooms: 4E Kitchener Road, Sandringham

Le Petit Bocal (‘The Little Jar’) is a secret Sandringham doesn’t give up lightly. After fumbling around in a suburb better known for its exotic takeaways, fish and chip shops and diaries, we finally walked in, and were met with a french cafe full of freshness.

Usually, French Cafes have a type of prescriptive dogma in relation to decor and atmosphere. It’s always the same deal - too many miniature eiffel towers, red and white checkered tablecloths and good looking waiters with moustaches floating around to make sure that enough cliches are happening at the same time so that no customer could ever doubt that they are indeed in a French Cafe. Le Petit Bocal encapsulates a different, more authentic kind of spirit.

You won’t see anything too French about this place, only the subtle accents like the pretty stylistic black and white Parisian photographs and our fresh-off-the-boat chirpy french waiter who’s only been living in New Zealand for the last two weeks. Other than that, the decor is part of the fresh industrial genre, something you’d see in modern day France, with little jam jar containers used as lights (a nod to the cafe’s name), clean basic wooden tables and a lot of open white space. It’s nice.

The real attraction to this place is of course the food. This is a terrain that most french cafes rock at. Who knows how the people from that little hexagon-shaped country managed it, but in almost any french cafe in the world, you’re guaranteed to have amazingly succulant bread with quality ingredients cooked to perfection. Le Petit Bocal is no exception.

Le Petit Bocal

177 Sandringham Road, Sandringham

A hidden french gem and serious contender as one of the best french cafes in town.

Latest Listings

40 Napuka Road, Henderson Valley

Looking for a house less ordinary? Where your closest neighbours are the fantails and tui’s. A place where your back yard can bring real outdoor adventure for your kids... with a hidden oasis on the Parekura stream. All of this and much much more is on offer here.

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Adam Humphris

14 Jolson Road, Mount Wellington

Overseas Vendor has decided to let this huge potential property go after 14 amazing years. Don’t miss this opportunity to snap up an excellent residence in a superb location. Nestled back from the hustle and bustle you’ll find 14 Jolson Rd. Three bedrooms, one bathroom, and both kitchen and separate living area that flow out to a sun-filled space.

36 Sunline Avenue, Massey

This heart-warming circa 1970s bungalow as an all-seasonal family haven in a quiet cul-de-sac, and at the same time, promisingly zoned Residential Mixed Housing Suburban under the Auckland Unitary Plan. The vendor’s situation has changed 180 degrees in last 12 months due to the sudden passing of a family member that has resulted in the need to downsize.

Yuhei Umezaki

A0/1 Peter Buck Road, New Windsor

Welcome to Windsor One, thoughtfully appointed and surprisingly spacious turn-key apartments. Modern affordable housing constructed to the latest engineering, building, healthy homes, and green building standards. Enjoy the future of living, today.

Adam Humphris

C2/1 Peter Buck Road, New Windsor

This is a brand new development of quality apartments that been cleverly designed to take advantage of the best city living has to offer. It is very rare to find spacious three bedroom apartment layouts such as these. Finally an apartment option that can fit the whole family!

2/7A Woodvale Road, Glen Eden

Nestled down the hidden driveway and well back from the road, you’ll find this absolutely gorgeous little first home. Take this opportunity to make privacy and birdsong the new normal. Ensure you put this on the must view list for this coming weekend as properties such as this one don’t come up often.

Adam Humphris

29 Fergusson Avenue, Sandringham

On the market for the first time in 43 years! This is your chance to secure your long-term family home in this quiet cul-de-sac in the heart of Sandringham. Character filled with charming original features for the lucky new owner!

Susan Woods-Markwick

520 290

Gavin-Egan 027 385

20 Savoy Road, Glen Eden

There are two amazing opportunities here with great road frontage in one of the most sought after locations in the area. Sitting atop 2114sqm (mol) of freehold ‘Mixed Housing Urban’ land, a large amount of value here is in the land. There are both stormwater and wastewater manholes on-site which will reduce some of the costs. The stormwater connection was upgraded earlier this year. We encourage you to do your due-diligence here on what could be a goldmine of a development opportunity.

7B Hadfield Avenue, Waterview

1970’s they made them to last! This home is much more than meets the eye. The landscaping has been carefully designed to create the ultimate in privacy. Walk past the palms and reach the gorgeous private north western sun-drenched deck and garden a great place to entertain or just relax come those balmy summer evenings.

Susan Woods-Markwick 021 520 290

Petrina Gavin-Egan 027 385

2/23 Locarno Avenue, Sandringham

If you’re starting out or starting over then this circa 1970’s unit is certain to raise your temperature. You’ll love the convenience and ease of duplex style living... the unit is recently redecorated from head to toe and ready to move into immediately offering a comfortable ‘worry free’ lifestyle, and you’ll be delighted to discover that every box is ticked.

6 Scowns Way, Glendene

This smokin number will completely capture you! Beautiful on the inside and out, this bangin’ brick and tile home is ready for you to move into. Your household’s “master chef” will love the modern kitchen with stainless appliances and stone benchtops.

49A Buscomb Avenue, Henderson

Enjoy peace of mind with a modern finish at this well cared for residence. Impressive both inside and out, this spacious home is situated on a 464sqm (more or less) section. On the lower level, you will enjoy a contemporary open-plan living environment equipped with a sundrenched kitchen and a lounge/dining area that leads out to a delightfully private deck.

4 Mana Place, Te Atatu Peninsula

A north-facing end unit, it has plenty of natural light inside plus sunny living outdoors. Featuring stunning sea views and located in this quiet pocket of the Peninsula. The quality throughout is excellent and you can see (and feel) exactly what you are buying. You won’t be disappointed.

Josh Lowe 021 188 8991

Bryce Taylor 021

3X/15 Nelson Street, Auckland Central

Maybe you’re looking to enter the property market, downsize, start over or even invest but whatever the reason, this one-bedroom apartment is the absolute perfect catch! Offers low-maintenance living at its very best with open plan living, a modern fit out, and the added bonus of a secure undercover car park which represents incredible value.

4/24 Roslyn Road, Mount Wellington

Set on freehold low maintenance grounds this home possesses an appealing blend of understated function. It has a well-thought-out floor plan, everything faces the right way and it certainly has none of the “fish bowl” feel that has become increasingly common with the rise of high-density developments across the city. It’s private. It has a wonderful feel.

Tracey Potter

154B Henderson Valley Road, Henderson

Convenient living is the word here with everything on your door step, great schools, shops, parks and much much more. If you are looking for that great family home on a easy care section then this is the one for you!

Adam Humphris

156 Metcalfe Road, Ranui

This instantly appealing circa 1950s bungalow is a real little charmer. A weatherboard classic, this home has been beautiful inside and out. The layout has functional charm, with a light and airy, open plan living environment with heat pump and sliding doors leading out to a covered deck perfectly positioned for the sun.

29 Haverstock Road, Sandringham

Land: 589m2

Savvy investor wanted! This pancake flat, freehold and fenced section is just waiting for the new owner to come along with a vision for it’s future. After 41 years with the same look, this is a beautiful picture just waiting to be painted.

Adam Humphris 021 063

This freshly renovated unit provides ample opportunity to get into a well-equipped unit of your own in 2022, complete with: Two double bedrooms with wardrobes, Spacious kitchen with all the mod cons, flowing to an open plan dining space, Separate lounge space, One full sized bathroom, Plus extra guest toilet and laundry space, Multiple storage cupboards with plenty of room to store everything away, Fenced exclusive use outdoor area ready for entertaining, One off-road car park, behind a gate.

This well-maintained apartment offers

spotless bathroom plus

added bonus of

an open plan living environment,

covered car park.

roomy

Holly Street, Avondale

Freshly renovated terraced townhouse.

Take advantage of the new lending requirements 5% deposit as a first home buyer.

Situated in a private, quiet enclave. | 127m2 floor area.

Susan Woods-Markwick 021 520

Gavin-Egan 027 385

Live, land bank or develop are just a few of the amazing opportunities here. This property provides a huge amount of family living in the main home with a fully separate and self contained one bedroom minor dwelling as a secondary income.

Adam Humphris 021 063

5A Puka Street, Onehunga

If you are in the market looking for a single level, low maintenance home, with its very own sunny courtyard, this should be on your “must see”,” must buy” list.

Peter Akeroyd 029

Ivan Koulin

Commerce Street, Auckland Central

This stunning 103m2 (approx) brand new freehold apartment completed in January 2021 is located on the 22nd floor and offers amazing views over the harbour and central city. The large living area is light, roomy, and also enjoys the views. Recharge and relax away with a decent red and a book in the additional study nook.

Liverpool Street, Auckland Central

The Q Central complex is known for providing high-yield returns for smart investors. Positioned on Liverpool Street just off the top of Queen Street it’s a winner for the University student rental market. There’s a flourishing community that has discovered its great value. You’ll have to be in quick!

Broadway, Newmarket

This lovely solid apartment is located on Broadway, Newmarket. Modern open plan design with 2 bedrooms. 2 bathrooms and 1 secure under-covered car park.

Putney Way, Manukau

This top-floor two bedroom apartment offers a functional modern kitchen which leads through to open-plan living that is light, bright, and welcoming. Enjoy skyline views during the day and the twinkling of lights at night - this is high-rise living at its best.

Kingsland is just around the corner and this month we have decided to branch out and look at our neighbouring suburb. My my, Kingsland, haven’t you shaped out to be a hip little suburb? Home to

great bars, cafes, restaurants and the mighty Eden Park, Kingsland knows how to show the people of Auckland a superb time.

Mondays Eatery

This charming ivy-covered café is a haven (literally, it’s hidden down a driveway) with a focus on wholesome, nutritious food.

Phil’s Kitchen

Phil of Phil’s Kitchen brought fine dining to Kingsland and it is good! With a seasonal, constantly changing menu, a trip to Phil’s Kitchen is totally unpredictable.

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At Bangkok

Sitting on the main strip, At Bangkok always seems to be chock-a-block with people tucking into the restaurant’s stellar Thai cuisine.

Citizen Park

One of the most popular bars in the area, Citizen park dishes out Californian-inspired food, thirst quenching bevvies and good times all round.

Atomic Café & Roastery

Small-batch, hand-roasted coffee made in Kingsland, served to cafés and homes across New Zealand. Atomic Coffee Roasters.

As interest rates rise, it’s possible New Zealand will experience an increase in ‘mortgagee sales’, which presents both opportunities and risks for buyers.

A mortgage sale is when a borrower defaults on their mortgage, causing the lender (i.e. the mortgagee) to seize and sell the property.

For buyers, the big upside to acquiring a home through a mortgagee sale is that you might be able to secure it for a cheaper price than if you bought it in the conventional way.

But there are also five risks to consider, according to Settled.govt.nz:

The home is being sold against the owner’s wishes. So the owner might refuse to let you view the property or conduct a building inspection. The owner can repay their mortgage before settlement, and the property can be removed from the market at any time.

The lender doesn’t have to guarantee the property will be vacant, which means the owner might refuse to leave the home after settlement. If that happens, you will be forced to take steps to evict the owner. The lender doesn’t have to guarantee the quality of any chattels (e.g. non-permanent items such as fridges, washing machines and ovens) that are part of the sale.

The lender doesn’t have to provide any warranties or supporting documentation for anything relating to the building fixtures or fittings.

Buyer beware

Given those risks, Settled.govt.nz advises buyers to proceed with care when it comes to mortgagee sales.

“In a mortgagee sale, sale conditions will be set out in the sale and purchase agreement. The real estate agent should explain how they differ to normal terms and conditions, disclose any known issues with the property to you and recommend that you seek legal advice on the terms of the sale and purchase agreement,” according to Settled.govt.nz.

“We highly recommend asking your lawyer or conveyancer to review any documents provided to you or that you have obtained (such as a LIM report or record of title) to help you to understand what is in the documents and what it will mean for you. With a mortgagee sale, it is even more important to do your due diligence, seek legal advice and understand the risks associated with the sale.”

Whether you want to buy a property through a mortgagee sale or the conventional way, it’s important you get a pre-approval before you make an offer. Contact me for help.

SuperHuman

Super City Property Management services all the City Realty Group offices and agents with expert advice to optimise investment properties.

Super City Property Management is part of City Realty Group - the largest Ray White franchise in New Zealand with offices throughout Auckland central - and serves the central city.

We are a team of dedicated professionals who understand every aspect of property management and who are always looking for the right balance of whats best for owners and

tenants. One party needs a return on investment and the other needs a great home to return to each day.

We’re all about maintaining properties AND relationships. Talk to us and discover how properties are run right to saving money, time and heartache.

RENTAL MARKET UPDATE

The rental market continues its correction as we head into Spring. The average days on market is sitting at approximately three weeks for Auckland, Waitakere and Manukau Cities, according to latest Trade Me Supply and Demand Reports.

The number of Trade Me searches Auckland wide is up 6% at over 17 million visits to the site. Looking at our own portfolio, we decreased our number of listings online by approximately 70% from February 2022.

Our letting team have also reported an increase in attendance at viewings Whilst the market

is heading in a positive direction, it is still a competitive market and it is imperative to ensure that your property is looking its best both in the online marketing and at the viewings. We recommend investing in professional photography and staging for furnished properties and have found investing in virtual staging to be beneficial if your property is unfurnished.

For more information about the rental market and how to get your property looking Superior to the competition, get in touch with one of our Supercity Superstars!

Delanie Horrobin

021 973 927 delanie.horrobin@raywhite.com

Silvia Hu

021 911 153 silvia.hu@raywhite.com

Open Doors. Open Minds.

RAY WHITE SANDRINGHAM

WHY CHOOSE US?

The Ray White Sandringham office services our classic character suburbs.

Ray White Sandringham is based at the heart of our communities who form Auckland’s central suburbs.

We are a team of dedicated professionals who understand this unique market and are experienced in all property types – whether it’s for a first home, family home or an investment property. As central suburbs become more established with infrastructure, development, investment and identifiable neighbourhoods we are in the right location and frame-of-mind to provide market leading advice with our focus on people and property.

City Realty Group – our parent – also has a strategic partnership with Loan Market, connecting clients with experienced brokers to provide home, construction, refinancing, self employed and vehicle loans.

Commitment Hard Work Loyalty

Daniel Horrobin

Nick Fistonich

Adam Humphris Licensee Salesperson

Amy Tsai Licensee Salesperson Bryce Taylor Licensee Salesperson Bruce Anderson Licensee Salesperson

Diane Goer Licensee Salesperson Dan Luo Licensee Salesperson Emily Hu Licensee Salesperson Hugh Free Licensee Salesperson

Ivan Koulin Licensee Salesperson Jackie Zhang Licensee Salesperson

Josh Lowe Licensee Salesperson

Kate Jiang Licensee Salesperson Lauren Indrisie Licensee Salesperson Michael Oh Licensee Salesperson

Nancy Chen Licensee Salesperson

Alastair Hubbard Licensee Salesperson

Daniel Chen Licensee Salesperson

Cameron Brain Auction Manager

Delanie Horrobin New Business Manager

Gina Colcord Head of Property Management

Vikas Verma General manager

Yuhei Umezaki Licensee Salesperson

Pat Taylor Licensee Salesperson

Petrina Gavin-Egan Licensee Salesperson

Pim Pimpinid Licensee Salesperson

Pupal Patel Licensee Salesperson

Simon Lee Licensee Salesperson Sunny Sareen Licensee Salesperson Susan Woods-Markwick Licensee Salesperson Tracey Potter Licensee Salesperson

Tim Cai Licensee Salesperson Wendy Cai Licensee Salesperson

Peter Akeroyd Licensee Salesperson

Sue Holland Licensee Salesperson

Gareth McIvor Licensee Salesperson Shirin Singh Licensee Salesperson