Superb - December

b.

Cover photo by: PixaSquare.

Christmas greetings to you all...

On behalf of the team at SuperCity I’d like to welcome you to our Christmas Edition.

Colcord Head of Property Management

After a challenging year, we are pleased to see that the market is really starting to recover and we are experiencing a busier than usual December which is really positive.

We are extremely proud of our team and the hard work they have done this year and very grateful for your continued support and loyalty.

We will be closing our office on 22nd December and re-opening on 9th January 2023, we will have staff working over this period in accounts, property management and letting.

Both myself and the team hope that you have a fabulous Christmas and holiday break and look forward to a successful 2023.

Merry Christmas Gina and the SuperCity Team

Gina

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!

Rental Market Comparisons.

Do you want to know the going rental rate in your neighbourhood?

We’ve put together a comprehensive list of rental market comparisons.

Simply find the area you are interested in and click the link for further information.

Thirsty for more market knowledge?

Get in touch today.

Delanie Horrobin 021 973 927

Central Auckland & City Fringe

Auckland Central, Parnell, Grafton, Newton, Ponsonby, St Marys Bay, Herne Bay, Grey Lynn, Westmere, Mt Albert, Pt Chev, Sandringham, Three Kings, Hillsbourough, Mt Roskill, Owairaka, Lynfield, Mt Eden, Kingsland, Balmoral, Epsom, Newmarket, Royal Oak, One Tree Hill, Ellerslie

Eastern Suburbs

Mission Bay, Kohimarama, St Heliers, Meadowbank, Remuera, Glendowie, Glen Innes, Panmure, Mt Wellington

West Auckland Suburbs

Glendene, Glen Eden, Massey, Te Atatu, Westgate, West Harbour, Waterview, Avondale, Titirangi

South Auckland Suburbs

Mangere, Otahuhu, Otara, Papatoetoe, Manukau, Manurewa, Papakura, Pukekohe

North Shore & North Auckland

Takapuna, Milford, Devonport, Birkenhead, Northcote, Glenfield, Sunnynook, Birkdale, East Coast Bays, Browns Bay, Torbay, Albany, Orewa, Silverdale, Wellsford

What do Tenants & Landlords need to do when they go on holiday?

What do tenants need to do at their rental property before their summer holiday?

While they’re not legal obligations, there are a few things tenants should do before departing on their summer getaway. They’re mostly common sense things that help ensure you return to a safe and secure home — not one missing the TV, personal belonging, or a vehicle. Contact your landlord or property manager. A smart move before you take off is to let your landlord or property manager know that you’re going to be

out of town, which dates you’ll be gone, and how they can get hold of you in the event of an emergency.

It might not be an emergency they need to contact you about; it could also be the likes of an alarm that won’t hush or an open window that’s been brought to their attention. Some insurance companies require notification when a property is going to be vacant for an extended period of time, so failing to let your landlord or property manager know you’ll be away can also have insurance implications. So, let them know and they can loop in the insurance company.

Let your neighbours or local friends know you’ll be away

If you have a good relationship with your neighbours, you can let them know you’re going away, too, and ask them to check in on the place. This only works if they’re home when you’re not, so chat to all your neighbours and you can all watch out for each other.

Some of us don’t have any contact with our neighbours aside from the occasional wave, and that’s just fine. If that’s the case, ask a friend or relative to pop in and clear your mail and park their car in your driveway during their visits.

Security measures are a deterrent worth investing in Security devices like alarms, infrared monitors, timer lights, motion sensors, and security cameras can go a long way in deterring thieves from targeting your home while you’re on holiday. Criminal activity usually spikes in the holiday season, so investing in these additional measures can help you avoid heartbreak, replacement costs, and insurance claim excesses.

Cover the basics

Locking your windows and doors is a given, but it pays

to check their condition a few weeks in advance of your trip. If there’s a dodgy window latch or door lock you’ve been ignoring, it’s definitely time to speak to your property manager or landlord about replacing it. And if there’s more than one of you, check each other’s handy work!

Curtains open or closed?

This is a debate that will likely rage on until we all have smart homes with window fittings we can close and open via our phones. There’s an argument that leaving all curtains and blinds open is the way to go, while others say keep them all closed, and another group of armchair experts will tell you to leave some open and some closed. At the very least, store valuables out of plain sight before you leave.

Keeping a light on in the main living area is a good idea so it looks like someone is home. Even better yet is to have this light on a timer, and to also have a tv or radio on a timer to go on in the evenings and off when you’d usually go to bed. Long debate, short — there is no substitute for removing valuables from sight, and an alarm is the best deterrent of thieves. The ultimate is having your alarm monitored by a security company.

What do Tenants & Landlords need to do when they go on holiday? Continued...

6.

Get a house sitter to stand in for you Employing a professional house sitter or friend to stay in your house while you’re on holiday is even better than an alarm. This kills two birds (or maybe it keeps them alive…) with one stone as they can also feed and exercise your pets, saving you from putting them in a cattery, kennels or similar.

Landlords aren’t legally obligated to inform their tenants when they are going away on holiday, but the level of availability they have maintained throughout the year should be continued during their holiday — at least for emergencies.

This means if the stove stops working or the front door falls off, landlords should be able to answer their tenant’s emails or phone

What should landlords do before they go on summer holiday?

calls and get a tradesperson on the scene as soon as possible. If the landlord isn’t going to be able to meet their legal obligations as a landlord (say there’s no phone signal where they’re going), they need to allocate someone their tenant can contact in their absence.

In any case, it’s nice for landlords to let their tenants know they’re going out of town and may be harder to get hold of than usual.

The tenant might inform

them that they’ll be away during the same period, or mention something they need addressed prior to the landlords return.

How can landlords have a better holiday?

For the ultimate in holiday relaxation, landlords should enlist the services of a professional property manager to take care of their investment property.

With an experienced team of property managers looking after their property and tenants, they can fully commit to their holiday, feel reassured that their investment property is safe and in capable hands.

Private landlords looking for an interruption-free holiday should view our property management services and get in touch to learn more.

And if you’re curious, see what the New Zealand Police have to say on the matter of leaving your home these holidays.

> For more tips, please refer to our informative Landlord Guide. [Click Here]

Sales commentary.

season.

There are signs of buyers returning to the market with more first home buyers inquiring about properties, however, owner-occupiers who have built up equity and want to move continue to dominate the market.

REINZ’s October analysis shows increased interest by first home buyers spurred by an increase in the amount of property on the market, easing prices and banks lending again. However further interest rate increases are currently dampening first home buyers’ buying plans so their heightened interest has not yet been reflected in sales activity.

New Zealand’s median price for residential property decreased 7.5% annually, from $892,000 to $825,000 in October 2022. However, month on month, there was an increase of 1.9% in the national median price of residential property in October over the previous month of September (when

the median price countrywide was $810,000). Auckland’s median price decreased 12.7% compared to October last year, from $1,249,000 to $1,090,000. However, when we look at a month on month comparison, the median price in Auckland increased 5% from September (when it was $1,038,000).

Annual comparisions are influenced by October 2021 seeing Auckland’s lockdown Alert Level 3 restrictions being eased early in the month, which drove a significant volume of property transations. This affected Auckland’s October 2022 sales volume being 42.2% down compared to last October (from 2,688 to 1,554). The city’s month-on-month sales September to October 2022 were down 8.2% from 1,693. Meanwhile national sales activity was down 34.7%, from 7,486 to 4,892, compared to last year. Nationally, monthon-month sales were down 4.3% from 5,113. In October last year market activity was charged by the sense of optimism over the easing of lockdown conditions plus the delay to the introduction of changes to the Credit Contracts and Consumer Finance Act (CCCFA) from October to December. In contrast to this climate of confidence and urgency, a year later the market is being affected by rising interest rates, tightened lending criteria and the cost of living, global

Buyer interest increasing as we head into the summer

events with macro-economic impacts and tax legislation and property regulation.

The median days to sell a residential property in Auckland in October decreased by two days compared to both the previous month of September and compared to October last year. Nationally, in October the median number of days to sell was 44, which is down from 47 days the previous month but an annual increase of 10 days.

In Auckland, October stock levels were up 56.6% compared to October 2021. This is not as large an annual difference in stock as seen in the previous month of September (up 73.4% compared to September 2021), influenced by Auckland’s new listings

in October being down 26.4% compared to last October. Nationally, stock levels were up 74.7% compared to October 2021, influenced by October’s new listings countrywide being down 16.3% compared to those in October 2021. In September the country’s stock levels had been up 93.2% compared to Sept last year.

In Auckland 337 or 21.7% of October sales were by auction compared to 43.9% at the same time last year. Nationally, 597 or 12.2% of properties were sold at auction in October 2022, compared to 29.7% in 2021.

It should be noted that the Ray White City Realty Group has seen a strong auction clearance rate of 64.97% YTD from Jan-Oct 2022. In the recent week of 30th October –5th November Ray White nationally reported an auction clearance rate of 45.3% countrywide, with properties sold through auction achieving a 8.9% higher price than the previous highest offer. This shows that auctions continue to drive stronger results, which are coupled with lower days on market, as compared to other methods of sale.

Owners wanting to sell Auckland property should seriously consider taking advice from Ray White Parnell’s team of professionals on the best way to market and sell their asset.

Daniel Horrobin Director

Interest Only for investors. & Home Co-ownership Opportunity.

ME:

CON

Craig Pettit 027 249 0010

Interest Only for investors.

I have a non bank lender that is offering 20 years interest only to investors, this compares with the main banks that offer 5 years interest only that has to be reapproved every 5 years and if the investors financial situation has changed then the loan will revert to principal and interest repayments for the remaining term.

Fixed and variable rates available

So here’s an opportunity for investors that may be interested in a solution to lock in repayment certainly for the next 20 years

If you are interested or would like to discuss a specific situation, let me know.

Home Co-ownership Opportunity.

Co-own was designed by one of the main banks to support and raise awareness on how they can support clients into home ownership.

The objective is to provide an alternative way of buying a home that allows friends or family members to team up financially to purchase and own property, either to live in, or help secure their future with an investment property

Co-own can apply to borrowers that are all going to be living in the same household, or multiple households.

Team

Comprehensive initial inspections backed with photographic evidence

Access to the best systems for application vetting / credit checking / reference checking

Educated advice for tenants creating better quality outcomes

24/7 Contact with an emergency number, no matter what time of day/ night it may be

Access to the best tenancy law advice and support

Download the Investment Information Guide or Landlord Information Guide here.

SuperValue.

Professional property marketing and advertising across our five CRG Group platforms:

Ray White SuperCity

Property Management

Ray White Auckland Central

Ray White Parnell

Ray White Sandringham

Ray White Wynyard Quarter

• Delivering your property to more customers to create interest and demand.

• Honest and transparent advice.

• Increased annual returns.

• Minimised vacancy periods.

• Valuable skills surrounding tenant selection and vetting processes.

• Detailed Covid-19 resources and support tools.

• Legislative peace of mind.

• Daily rent payment receipting and strict arrears management.

• Plus more...

SuperFees.

Ray White SuperCity Property Management is superfocused on the performance and protection of people’s personal assets.

We offer competitive management fees in two tier structures to suit your requirements:

Management Fee:

Silver - 8% or Gold - 12% all inclusive Plus

• Listing/Advertising

• Inspections

• Healthy Homes

• Professional Photographs

• Methamphetamine Testing

• Smoke Alarm Service

So whether you’re buying your first investment property or your thirty-first, we have the experience to ensure properties are managed to save money, time and heartache.

Contact our Business Development specialists for more information.

Delanie Horrobin 021 973 927 Silvia Hu 021 911 153

Our Superstar.

Meet Annaleice, our new property management superstar. Anna’s attention to detail and high level of customer service is an asset to our team and the business.

How long have you been in Property Management for? One year.

Why did you decide to get into Property Management? It’s something I have always wanted to do as I like to make a positive impact on people’s lives.

What do you love about your job?

Everyday is different, it’s great to have variety in your everyday life.

What do you like to do in your spare time? I enjoy writing music and exploring the outdoors.

What is your favourite colour? Blue.

What is your favourite TV show? Below Deck .

What is your favourite food? Summer fruits!

Tell us something we don’t know about you. I love to experiment when baking.

Our SuperGroup.

We’re super focused on maintaining properties AND relationships.

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

Ray White SuperCity Property Management understands every aspect of property management and we’re always looking for the right balance of what’s best for owners AND tenants so everyone wins.

We’re the superglue in the relationship.

Daniel Horrobin Director of City Realty Group

Ava Leung Administration Support

Gina Colcord Head of Property Management

Delanie Horrobin New Business Manager/ Property Manager

Silvia Hu 胡天欣 Business Development Manager/Property Manager

Sandra Trotman Property Manager/ Reliever

PROPERTY MANAGED PROPERLY.

Jacque O’Connor Letting Manager

Annaleice McLeod Property Manager

Team SuperCity Christmas.

What the SuperCity SuperStars love most about Christmas

Gina: I’m excited about creating an ever-lasting memory of our first Christmas with my granddaughter Ellie. I feel very blessed to be able to watch her big smile, little giggles, and twinkle in her eyes as she gets to rip open her numerous presents (and then play with the wrapping paper)...such a special gift to us all.

Delanie: I love making yummy treats for my friends and family and getting us all together on Christmas Day for some Christmas fun usually followed by an afternoon nap!

Silvia: This year I am really looking forward to spending some quality time with the family over the holidays. All the summer Bbqs and lazy days on the beach. We also have a new addition to the family! A baby boy(My partner’s nephew) so it will be fun to be able to spoil him for this first Christmas.

Jacque: Perfume, candles, and enjoying yummy food and Champagne.

Ava: I love baking during the holiday season and giving it to friends and family. I also love Christmas shopping and going to see Christmas lights!

Super delicious.

You’ll need.

2x 250g Blocks of Milk Chocolate

2x 250g Blocks of White Chocolate

6x Candy Canes - Crushed M&M’s or Pebbles

1x Packet of Chopped Nuts/Pistachios or Broken Pretzels (or a bit of each)

Mini Marshmallows (can cut up regular sized marshmallows)

1. Melt Milk chocolate and white chocolate (in separate bowls) in 30 second intervals in the microwave until the chocolate is completely melted and smooth.

2. Cover a baking tray with baking paper and pour the milk chocolate over the tray spreading out chocolate with a spatula.

3. Pour the white chocolate over the milk chocolate using a fork to make a marble pattern.

4. Quickly add the crushed candy canes, M & Ms and chopped nuts, pretzels, marshmallows.

5. Refrigerate until set.

6. Once set, break into pieces and put into a festive bag, box or jar to make a yummy Christmas treat!

Holiday Activity Kit

Arts, crafts and festive fun!

Flick through some enjoyable activities to do with friends and family of all ages!