BLACKTHE BOOK. Current to 7th September 2022 Ponsonby Muses The inner-city suburb once known as ‘Dedwood’ 10 & 10 IN 10 Spend 10 minutes with Black Group’s Richard Thode PROPERTY FEATURE 4/2 Otahuri Crescent, Greenlane 4/2 OtahuriGreenlaneCrescent, Special Annoucement from our one and only ... Heather Walton
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WELCOME TO ANOTHER EDITION OF OUR BLACK BOOK
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With the days starting to lengthen, daylight saving and spring are thankfully in sight. While media commentary has understandably focused on a change in the real estate market, we have continued in our business of providing outstanding service. Planned creative marketing to ensure our sellers are given the opportunity to make informed decisions about selling and buying. We are proud as a top 10 office of the year internationally for the Ray White group. We could not achieve any accolades or awards without the loyal support of our clients and customers. We thank you for your trust and are committed to ensuring no matter what market conditions apply, you are the center of our business. Enjoy these fine properties.
4 CONTENTS 6 10 & 10 IN 10 SPEND 10 MINUTES WITH BLACK GROUP’S RICHARD THODE 8 INSPIRATIONAL STORIES FROM ACROSS RAY WHITE CONNECT 2022 - HONOURING OUR PAST | SHAPING OUR FUTURE 10 PROPERTY FEATURE 4/2 OTAHURI CRESCENT, GREENLANE 24 A BONAFIDE BUYERS MARKET MARKET UPDATE YOU DON’T WANT TO MISS 28 BROWN BUTTER CURRIED CORNBREAD A SIDE SERVING CENTER IN THE SPOTLIGHT 40 PROPERTY ADS CONTENTS 6 4 | THE BLACK BOOK.
Black Group Realty Ltd. Selling Principal Heather Walton 021 432 heather.walton@raywhite.com167 Franchise Owner Mark Bycroft 021 968 946 mark.bycroft@raywhite.com Sales Manager Jeff Tubman 0274 558 717 jeff.tubman@raywhite.com Black Group Property Management. General Manager Mac Bycroft 021 223 6893 mac.bycroft@raywhite.com Ray White Epsom Ray White Matakana & Omaha Black Group Realty Ltd. Licensed (REAA 2008) The Black Book is subject to copyright in its entirety and the contents may not be reproduced in any form, either in whole or in part, without written permission. Opinions expressed in The Black Book are those of the contributors and not necessarily those of Black Group Realty Ltd or Ray White Ep som. No responsibility is accepted for unsolicited material. 28 THE BLACK BOOK. | 5 27
Getting an agent to sit still can be difficult, so we bribe him with coffee to spend 10 minutes with us.
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This week we pulled Richard Thode from Black Group Realty aside to ask him 10 personal, and 10 professional questions.
2. What did you want to be when you grew up? Work in the family business, which i did
7. Share with us your property must-have? In-door out-door flow/sun, especially afternoon sun where can enjoy a gin and tonic in the sun/ master bedroom with an ensuite/ fireplace/storage/garaging/
8. What do you wish you’d known before you started out in your career? Nothing really happy with how it started and where I am at currently, although working hard to improve everyday.
1. What was your first job? Working for my father in the family business on the factory floor
9. What do you hope you’ve achieved in five year’s time? Maintain what I have done in the past 2 years!
4. Give us some advice to pass on to someone thinking about joining the industry? Go and test your selling skills by selling anything- such as cars to sell if you are any good at sales and know how to relate to people
3. Tell us the thing you love the most about working in real estate? There are many things i love about realestate but mainly finding a buyer for a property that exceeds my vendors price expectation.
10. Million dollar question -how’s the market at the moment? I think the market is the market, it goes up and goes down, just make a decision, run with it and move forward - don’t look back, there is no point.
9. If you were to win a reality TV show, which one would you have the best shot at winning? Definitely don’t see myself winning a reality TV show 10. Where in the world do you wish you could head to for a holiday? Bali
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5. What would you consider to be your greatest achievement? My last house sale
6. What motivates you? Paying the mortgage and providing for my family
1. What’s your coffee order? Flat White. 2. What song is on repeat on your playlist at the moment? The new Elton John song Dua Lipa. 3. Which App do you spend the most time on? Property apps 4. Where do you think New Zealand’s best-kept secret is? The Hauraki Gulf, bottom end of Waiheke but not sure if it is still a secret 5. How do you start each morning? Check new listings on Trademe 6. If you could have coffee with anyone in the world, who would it be? David Bowie. 7. It’s date night - where are you making a reservation for dinner? Amano or Prego’s both top Auckland restaurant 8. What’s your go to ice cream flavour? White chocolate ice cream
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”I wanted to feel good about myself and most importantly, I wanted to be hap py. So happiness for me is family, quality time, health and well-being. I knew the life that I wanted, I knew the life that I deserved for myself and for my little boy,” she said.
After a brutal divorce many years ago the then single mum decided that she wanted to be happy again.
Fast forward to today, Ms Walton and her now husband own three offices, three holiday homes and they’ve achieved their financial goals multiple times “Soover.if you’re anything like me, you’ve had some trauma in your life and let’s face it, most of us have to a certain degree, then you’ve got the chance every single day to change the narrative,” she said.
Ray White Epsom Principal Heather Walton chose to trade her legal career for real estate and she shot to win Ray White (New Zealand) ‘Rookie of the Year’. Since then, she’s achieved Elite and Chairman’s Elite status each year, consis tently finishing in the top 10, and finishing number one for New Zealand in 2016. She’s the business owner of two offices, one of which controls 55 per cent of its market share.
“Don’t give up on your dreams. Never forget that you’ve got to believe to achieve. And one of my favourite sayings is “if you fail to plan, then you are planning to fail.”
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v 4 /2 Otahuri/ THIS SUPERIOR THE BLACK BOOK.10
OtahuriGreenlaneCrescenT, SUPERIOR HOME IN A DGZ IS SURE TO IMPRESSTHEBLACKBOOK.11
The home boasts beautifully appointed interiors including a new open-plan kitchen, dining, and living area, which are all enhanced by an abundance of natural light, stylish contem porary fixtures, and a touch of warmth from the oak-look laminate flooring. THE BLACK BOOK.12
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The kitchen is an elegant and contemporary space featur ing stunning moody blue Blum cabinetry which contrasts beautifully with the white Caesar stone benchtop. Mod ern fixtures and top-of-the-line Fisher and Paykel appli ances complete the kitchen. THE BLACK BOOK.14
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Architecturally crafted make the most of its excellent sun-soaked position, the home flows smoothly from the light-filled living and dining spaces out to the entertainer’s deck.
to
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“Beyond the stacker sliders you'll be treated to the elevated vista looking out to Mount Hobson from your sizable and partially covered entertainer's deck, for relaxing and catching the afternoon sun all year around.” THE BLACK BOOK. 19
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There is a tasteful new modern bathroom, which features underfloor heating, heated towel rails, a bath, toilet, and shower. THE BLACK BOOK. 21
“This property is as good as new without all home. This exquisite home will be all you ever THE BLACK BOOK.22
all the hassles and costs of building a new ever dreamed of," Myers says. Featured property Listed by Bill Myers 021 890 bill.myers@raywhite.com006 THE BLACK BOOK. 23
UPDATE:
Transparency is key in today’s changing market, Dan White, the Managing Director of the Ray White Group says.
MARKET
“Our best days are still well ahead of us. That’s a challenge for me and for all of us,” White added.
Despite new challenges in the market, he says the Ray White Group had never been in a better position.
Speaking at The Connect 2022 conference, which marked the 120-year anniversary of the Ray White Group, White says buyers are more cautious in this changing market and it’s important to educate clients about market conditions.
“We use the concept of a springboard to help describe what it is that we seek to provide. A springboard helps you go higher, and the harder you jump on it, the higher you go.
“It does not benefit our vendors to hold back the truth of the market. We didn’t cause the market.” White says.
Meanwhile, the latest CoreLogic Pain & Gain report shows 98.1% of property resellers got a sale price above their original purchase price in the three months to June 2022 in New Zealand, with a median resale profit of $370,000. The figures were down from 99.1% and a resale profit of $418,000 in quarter one 2022, and 99.3% and the record high of $440,000 profit in quarter four 2021.
Ray White offers a unique “family experience”, he says, and the Group’s “proud of every relationship and every transaction” they have.
“There’s much of our ‘springboard’ that has remained the same over our 120 years. There’s also much that has changed. And it will continue to do so as the industry, our network, and indeed the ambitions of our members, changes and evolves,” White says.
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‘It doesn’t benefit our vendor’s to hold back the truth of the market’ “It’s about transparency.”
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transparency.”
Dan White, of the GROUP
CoreLogic NZ Chief Property Economist Kelvin Davidson acknowledged while resale figures had weakened, they re mained relatively high with most property resellers still making a significant gross profit.
“It seems likely that property values have further to fall over the coming months, so additional weakening of the resale performance data is on the cards for the next two quarters and into 2023,” he says.
MANAGING DIRECTOR
The Reserve Bank is forecasting house prices could fall up to 20% from their peak in the final quarter of 2021. The average value was $1.056 million in Q4. Davidson says one area of concern in the market will be first home buyers who purchased during Q4 “Assuming a 20% deposit was used and no principal has been paid back, the softening in values could have plunged more than 500 first home buyers into negative equity, with mortgages larger than what their homes are now worth.
RAY WHITE
“However, with unemployment still low and long-term growth expected to return at some stage, genuine ‘forced sales’ remain few and far between with borrowers willing and able to ride out the downturn. For this reason, it’s likely most resellers will continue to see gross profits in the coming quarters, especially if they’ve owned the proper ty for an extended period of time. It’s just that these profits may be a bit less common and smaller than we’ve grown used Whileto.”there has been a clear cooling in the market across the country, a surge in activity is still expected this spring.
The results were not too much of a surprise, he says, following an interest rate increase, a surge in new listings, and a shift in the balance of power from sellers to buyers.
“We must put these figures into context and that is they’re still historically strong, which reflects the fact that home owners tend to hold property for seven or eight years on average, which locks in gains even as property values weak en over the short-term,” he said.
“Nevertheless, the turning point has arrived and for owner occupiers, this isn’t typically a cash windfall unless they’re downsizing or moving into a cheaper location. Often sellers need the entire amount, and then some, to upgrade into their next property.”
This will give active buyers a“full breadth of choice,” he says.
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“In July and August, we typically see a plateauing of new listings coming to the market as sellers wait for the per fect weather conditions to present their home,” Ray White CEO Carey Smith says.
Kelvin Davidson CORELOGIC NZ CHIEF
“What typically occurs at the beginning of spring however is an influx of property to the market with sellers that have delayed decision making during the winter months.”
Spring and summer are usually the busiest times in the property market, with more listings and more properties sold than any other season.
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Recipe extracted from MEZCLA, Recipes to Excite by Ixta Belfrage RRP $65, Ebury Press Food & Wine Brown Butter Curried Cornbread
1½ teaspoons finely grated lime zest 100g quick-cook polenta 80g plain flour ½ teaspoon fine salt 6 tablespoons maple syrup, plus extra to serve ½ teaspoon baking powder ½ teaspoon bicarbonate of soda flaked salt, to serve
Preheat the oven to 200°C fan/220°C. Grease and line a 20cm cake tin. Melt the butter in a medium saucepan over a medium heat for 5-6 minutes, stirring often until the butter foams and then turns a deep golden-brown. Add the corn and bubble away for 4 minutes, stirring every so often. Remove from the heat and leave to cool for 10 minutes.
Cornbread is usually a supporting act, but this version is good enough to take centre stage at the dinner table and will probably end up being the dish around which you plan the meal. The corn that bejewels the surface is best just out of the oven when it’s a little crispy from the butter, and a little sticky from the maple syrup. That’s not to say you need to eat it all in one go; it will still be delicious the next day, heated up. To heat, either pan-fry, or place the slices on a tray in a cold oven, turn the temperature up to 150°C fan/170°C and warm for about 10 minutes. Serve with plenty of butter on the side.
2 large eggs
1 Scotch bonnet chilli, finely chopped (optional, see notes)
1 spring onion, finely chopped 5g fresh ginger, peeled and finely grated
1½ teaspoons medium curry powder
While the corn and butter mixture is cooling, put the yoghurt, eggs, Scotch bonnet, spring onion, ginger, curry powder, lime zest, polenta, flour, salt and 3 tablespoons of maple syrup into a food processor, but don’t blitz yet.
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Once cool, set aside 140g of the corn and butter mixture in a small bowl to use later. Add the remaining corn and butter to the food processor, then add the baking powder and bicarbonate of soda. Pulse about 3-5 times, just until the mixture comes together. Don’t overmix, you want a textured batter with small chunks of corn, not a smooth batter. Transfer the batter into the prepared tin, then spoon the reserved corn and butter evenly over the surface. Bake for 20 minutes, then evenly drizzle over the remaining 3 tablespoons of maple syrup and bake for another 15-20 minutes, or until crisp and golden brown on top. Leave to cool for 15 minutes. If you have a blowtorch, use it to char the corn in places. Drizzle over some more maple syrup (I like a lot!), sprinkle with flaked salt and serve with a slab of butter alongside. Notes I use a whole Scotch bonnet, and its flavour and heat are quite dominant. I love that, but you can of course add less, removing the pith and seeds, or just add a pinch of regular chilli flakes for milder heat.
Ingredients Method
140g unsalted butter, plus extra to serve 500g frozen corn kernels, defrosted and patted dry 150g Greek-style yoghurt
RAY WHITE NOW
If you are considering selling, we explain how you can take advantage of the current conditions to achieve the best possible sales outcome. The New Zealand housing market is going through a correction period, so it’s more important than ever to stay informed with real-time infor largest real estate group, we are uniquely placed to pro vide our clients with the most relevant and timely information and data to assess current market activity and outlook. And as a family-owned and led business with 120 years of experience including operating through two world wars, the great depression and recession and the global pandemic, we know that we can deliver you the highest quality solutions in the current market. We’re proud to help thousands of New Zealanders sell their home every CLICKyear.
Introducing Ray White Now, an insight to provide clarity to all our cus tomers on what is happening in the market right now.
HERE TO READ THE LATEST ISSUE NOW Proudly THE BLACK BOOK.30
Asmation.Australasia’s
JULY 2022 Proudly presenting New Zealand property market insights in real-time THE BLACK BOOK. 31
Ray White New Zealand's average clearance rate this week was 39 6 per cent nationally This week Ray White NZ had an all sold clearance rate of Ray White reports active bidding on 62 1 per cent of auctions this week Auctions this week sold 22 9 per cent over the highest offer prior Buyers were split evenly between investors and owner occupiers across Auckland's auctions this week, each representing 47.8 per cent of buyers. Ray White New Zealand recorded an average of 1 9 registered bidders, with an average of 1 4 active bidders C O M P E T I T I O N C R E A T O R S C L E A R A N C E R A T E : Ray White New Zealand scheduled 151 auctions over the past seven days B U Y E R S (-22 6% yoy) S C H E D U L E D : 62.1% 39.6% R A Y W H I T E N E W Z E A L A N D A U C T I O N S R E P O R T 3 0 M A Y 5 J U N E 2 0 2 2 151 THE BLACK BOOK.32
Out’n’About! Our team here is all about boots on the ground and being present throughout the entire process. We thought it would be special to share those all important mo ments with you! Check out our team doing what they do best. Click here subscribeto Keitha McLaren of Team Thode doing the work, making proud vendors Mark and Heather Walton-Bycroft at Connect 2022. Richard Thode - On his way back from Connect 2022. Work never stops! THE BLACK BOOK. 33
Open Season Built over three cleverly stepped levels, this holiday home on South Africa’s pristine Garden Route combines sculptural architecture with simple, pared-back interiors. GREGPHOTOGRAPHSROBYNWORDSALEXANDERCOX THE BLACK BOOK.34
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The dining table (pictured above) was designed “to suit the space and be able to accommodate all 10 of the occupants of the house”. The entire dining suite can easily be moved, so can be used in a number of places around the home including the interior courtyard and verandas.
Get the look with Resene Resene Colorwood Natural Resene Crail Resene Finch
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The built-in kitchen in a rich caramel hue contrasts beautifully with the concrete walls and floors. It features plenty of much-needed storage, and is situated adjacent to the central dining space, and main entrance to the house.
Get more like this at Verve Magazine!
The typical building style here is a version of American clapboard. This new home, however, does something very different – and genuinely contextsensitive. Both client and architect Guillaume Pienaar know the area intimately. The client had “spent many holidays in the original house over many years and knew exactly what they wanted” from their new home, Guillaume explains. As for himself, he's “spent time at this beach surfing since childhood –and I love this street”.
At the centre of the house is a courtyard atrium, which allows light and air into its internal spaces, and allows its occupants to keep all the interior doors open, day and Thisnight.protected outdoor space is also much-used on windy days during the summer months.
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An especially lovely decorative element made in wood is the custom-designed screen at the rear of the house, which filters natural light into the wide passageway between the en suite bedrooms on either side of the house.
“I love that you can ‘sculpt’ with wood by using timber frames and panels of various thicknesses,” says Guillaume. The minimalist interiors of the home make the architectural use of wood throughout a form of subtle decoration as well as being resolutely functional.
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Pre approvals Refinancing Buying your first home Purchasing another property Providing a second opinion on your current rates Are you considering putting an offer on a property or looking at your next potential purchase? If so, has your bank or lender approved what level of debt you are looking at taking on? We strongly recommended reaching out regarding any of the below: Sixtus works alongside Ray White Black Group Realty to further assist clients with extensive real estate knowledge. W W W S I X T U S C O N Z 0 2 1 0 5 1 6 4 9 6 D Y L A N @ S I X T U S C O N Z G E O R G I A N A @ S I X T U S C O N Z Dylan Thomas Director & Financial Adviser Modern Mortgage Brokering. Old School Service. THE BLACK BOOK. 39
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2 A 1 F 1 I 1 K5/2 Kingsway Avenue, rwepsom.co.nz/EPS30987Sandringham Black Group Realty Limited Licensed (REAA 2008) Auction Online (Unless sold prior) Thursday 15th September 2022, 4:00pm. View Saturday and Sunday, 10:00-10:30 am Linh Yee 021 540 466 C • Low maintenance lock and leave • Elevated and renovated brick and tile unit • Open plan lounge and modern kitchen • Two double bedrooms with built in closets • Single carport with additional storage THE BLACK BOOK. 65
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Happy Trails! We’ll be back in another two weeks with the next edition of The Black Book THE BLACK BOOK. 103
