1

Asking Price - $1,060,000

CURRENT LISTINGS

35C Brockworth Place, Riccarton

This five bedroom townhouse is located in the middle of Brockworth Place, just a few

minutes walk to Deans Avenue and Hagley Park, and just across the Park from

Christchurch Hospital and the Otago School of Medicine. Built in the 1990s with brick

exterior and press metal tiled roofing plus aluminium joinery. Unit C has a lease in

place at $495 per week through to 23 June 2018. Priced well below RV.

For Sale $410,000

26 Berwick Street, St Albans

Here is the opportunity to own a modern, standalone home in a convenient and

popular St Albans location only minutes to the central city on a freehold 345m² section.

This sunny, three bedroom 122m² townhouse is privately tucked away from the busy

road in a cluster of other similar properties. It offers good indoor-outdoor flow from

the kitchen dining area out to the sheltered patio and leafy garden.

For Sale $389,000

3 Yarrum Lane, Avonhead

This spacious and sunny two-bedroom townhouse is modern and private, clad in brick

and has aluminium joinery giving you a low maintenance home. Featuring a large

separate lounge with sliding door to the sunny patio and easy-care garden. Zoned for

Burnside High School and positioned on TC1 land this townhouse will appeal to a wide

range of purchasers, don't delay as this striking property will go quickly.

For Sale $459,000

Units 1 and 2, 46 Rudds Road, Linwood

We have an exciting opportunity for investors to purchase two, new two bedroom

townhouses. They both have cosy cottage feels, are sunny and freehold titles. Currently

both townhouses are vacant but have been rented at $450 per week, per unit since

completion. Both townhouses offer very similar layouts to each other. Highlights

include a sharp looking tiled bathroom and a great, large stylish kitchen.

For Sale $660,000 for both or $349,000 each

DECEMBER 2017 MARKET UPDATE

RECENT RESULTS

On behalf of the team here at Team Invest I would like to wish everyone a very Merry Christmas and happy New Year. It looks although we are in for a very hot Summer, so whether you are migrating towards the beach, setting up camp or staying in the city I hope you enjoy the well-deserved break and stay safe this holiday season. I would also like to take this time to thank everyone for their continued support throughout 2017. It has been an incredibly busy year of sales and marketing campaigns, it is always a pleasure doing business with you all.

What a year it has been…

Looking back, we had a few upsets along the way. The investment market stood still while the elections took

place and then the long wait for the results, which has worried some investors. So far it has been the property

managers who have had the hardest blow with the removal of the ability to charge letting fees to tenants.

Somehow they will want to recoup that cost and the only way I can see this happening is to put it back on the

property owner. Then we have insulation to take care of and potential building WOF’s to deal with in the future. I

don’t mind the heating and insulation so much (my bill is well into the 5 figures for insulation this year) because

to me it is improving your property, ideally increasing the rent ability of the place and therefore long term will

have a flow on effect to its value. It does frustrate me when you provide a tenant a brand new heat pump and

they refuse to use it as they don’t like the power bills, hopefully the governments $700 power grant will help

with this and keep our properties healthier for everyone.

Currently the market is active but volume has dropped and we just seem to be working hard for each sale but

then you get one where we had 4 offers this week on a property and it sold unconditionally, settling on Friday, all

in a weeks work so, these deals are still happening. The upper investment end seems to have slowed with

established investors putting their money into commercial if they have a big enough chunk to spend.

Looking forward to 2018, I believe it is a great market for investors to be buying in and also looking to upgrade

their existing stock as we have some good new properties on the market that are close to what they cost to

build. The “as is where is” market still seems to be going strong, a lot of stock is never making it onto the market,

double settlements are common behind the scenes and there seems to be enough left in the pie for all. We have

sold a number of these deals on for traders this year and everyone ends up with a great deal. This market must

come to an end at some point but we would hope for a few more years ahead.

With the reserve bank announcing a modest easing of the LVR restrictions to 65% and allowing more loans

through at a higher %, financing should become easier and investors will find they have more equity again to play

with, I know I do.

As always, the market keeps going and people always have a reason to sell and move on, investors are no

different. People retire, upgrade or downsize their investment portfolio. This happens in all markets so what’s

holding you back in 2018? Will our doom and gloom media correctly predict a severe price correction? Will we

see a shift towards commercial property investments driven by rental property WOF’s and capital gains tax fear?

Or will the property market just calm down for a while and stabilise. Let’s wait and see.

Kind Regards,

Angela Webb

Wishing You A Merry Little Christmas…

SOLD

SOLD

SOLD

SOLD

SOLD