BLACKTHE BOOK. Current to 5th October 2022 Ponsonby Muses The inner-city suburb once known as ‘Dedwood’ 10 & 10 IN 10 Spend 10 minutes with Black Group’s Siyuan Guo PROPERTY FEATURE G07/1 Kimiora Street, Three Kings 50+ PROPERTIES FOR SALE OPINION PIECE Housing Market Update: DOWNTURN HEATS UP
It was a proud moment for our company and team with the office achieving Number 5 at the Ray White National awards along with a host of other acknowledgments.
Results aren’t everything but what else do you go by?
Welcome to the 60th edition of the Black Book.
We are thrilled to bring you this great portfolio of properties as Spring arrives, the days are longer and Summer beckons.
Including the converted Customer Satisfaction award!
Jeff
WELCOME TO ANOTHER EDITION OF OUR BLACK BOOK
We are continually humbled and grateful for the support of you our clients and customers, it all begins and ends with you. Tubman
4 CONTENTS 6 10 & 10 IN 10 SPEND 10 MINUTES WITH BLACK GROUP’S SIYUAN GUO 8 PROPERTY FEATURE G07/1 KIMIORA STREET, THREE KINGS 20 MARKET PROPERTYUPDATE:PRICES SLIDE AS HOUSING MARKET DOWNTURN HEATS UP 24 HOT AND SOUR PINEAPPLE FISH CURRY FRAGRANT AND FABULOUS FISH DISH 35 PROPERTY ADS CONTENTS 6 4 | THE BLACK BOOK. 14Street,KimioraG07/1 Three GlanceatKingsa
Black Group Property Management.
Ray White Epsom Ray White Matakana & Omaha
Mark Bycroft 021 968 946 mark.bycroft@raywhite.com
Black Group Realty Ltd. Licensed (REAA 2008)
2724 THE BLACK BOOK. | 5
Franchise Owner
General Manager Mac Bycroft 021 223 6893 mac.bycroft@raywhite.com
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.
Digital Marketing Manager David Kennedy 021 075 david.kennedy@raywhite.com5200
Black Group Realty Ltd.
Selling Principal Heather Walton 021 432 heather.walton@raywhite.com167
Sales Manager Jeff Tubman 0274 558 717 jeff.tubman@raywhite.com
This week we pulled Siyuan Guo from Black Group Realty aside to ask him 10 personal, and 10 professional questions.
Getting one of our busy team to sit still can be difficult, so we bribe them with coffee to spend 10 minutes with us.
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SIYUANINTRODUCINGGUO
4. Where do you think New Zealand’s best-kept secret is?
2. What song is on repeat on your playlist at the moment?
A lot of the smaller towns are amazing places to spend one or two nights, many are easy to drive past when you have a main city destination in mind. For myself Paihia will definitely get a revisit soon
8. If you were to win a reality TV show, which one would you have the best shot at winning?
Every single property is unique, so every client brings along that fresh sense of excitement and opportunity.
Through experience I have learned to first subtly ask my wife about where she would like to eat at again, or a new place she has heard of over several days. Then I book the place that has repeatedly come up. Works every time. What’s your go to ice cream flavour? French Vanilla
10. Where in the world do you wish you could head to for a holiday?
7. Share with us your property must-have? Garaging or at least off street parking. Higher density city means parking spaces are more valuable than living spaces already. Trend will only exacerbate with continued development.
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Studio Ghibli Scores
David Attenborough
8. What do you wish you’d known before you started out in your career?
Almost no one reads the heading part of property adverts, so have fun being creative with headings, with puns, metaphors, jokes, etc.
1. What was your first job? TAB Sales Rep
10. Million dollar question - how’s the market at the moment? Good time to buy up heavily discounted investment properties and land-banking development land. Great time to be building new property to catch the cyclical rebound in 12 to 24 months.
9. Tell us someone who inspires you? Socrates, for the Socratic method of learning and critical thinking.
Flat White
3. Tell us the thing you love the most about working in real estate?
Survivor, the one where a group of people is essentially left on a uninhabited island to fend for themselves. Not because I think I would win, just because I think it combines the best parts of an real life adventure, detox from technology, and diet programme.
The International Space Station. I believe tickets are $55m each.
Glacially with great aplomb.
9. What was the last book you read? I have been catching up on the Wandering Inn, by Pirateaba (Fantasy/Adventure). Essentially about normal people tossed into a (more) fantasy Game of Thrones world with magic usage being common and mundane for most people..
6. What motivates you? The joy my work brings out in others.
3. Which App do you spend the most time on? WeChat (70%), WhatsApp (20%), KakaoTalk (5%), Line (5%)
5. What would you consider to be your greatest achievement? I closed a sale so well, the vendor actually visited my office and told my boss he would like to pay an increased 0.5% on the agreed upon commission rate. I only found out later when my boss called me.
4. Give us some advice to pass on to someone thinking about joining the industry?
7. It’s date night - where are you making a reservation for dinner?
6. If you could have coffee with anyone in the world, who would it be?
PERSONAL PROFESSIONAL
2. What did you want to be when you grew up? Archaeologist (a la Indiana Jones)
Join an office where you have a friend/mentor to provide advice and guidance, especially for your first 6 months. My first experience joining an office was being lead to a cubicle, given my company land line phone number, and a ‘good luck’. The industry is still mostly the same for new agents just entering an office.
5. How do you start each morning?
1. What’s your coffee order?
v G07 1 KimioraThree/ THE BLACK BOOK.8
KimioraThreeStreet,Kings LIGHT, BRIGHT AND AS NEW THE BLACK BOOK. 9
Immersed in natural light, this inviting apartment is perfectly positioned on a sunny north-east corner in Three Kings.
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“I love the aspect to the sun, the Boho feel with the Santa Fe shutters, and it’s modern and as new. It also has a large second bedroom.”
The 84m2 apartment features a contemporary kitchen, two generous bedrooms, two bathrooms, secure parking, and is pet-friendly.
Ray White elite agent Bill Myers says the apartment is special as it has a “super sunny corner position”.
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Step inside the front door and you’ll be greeted with a lovely entranceway, a rarity with an apartment, and you’ll discover a modern and spacious home you could easily mistake for being brand new.
As a former show home, this architec turally designed apartment has a su perb floor plan and boasts incredible finishes and all the extras, including high-end track lighting, an attractive and functional smart wall unit in the living area, Santa Fe shutters, Europe an ceramic porcelain tiles, 2.6m high stud ceilings, and hardwood floors.
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You can step through one of two large stacker sliders from your living area out to your sun-drenched outdoor space. The covered deck, which is ap proximately 50m2, wraps around both sides of your living space offering you a hub for entertaining, dining al fresco, enjoying a BBQ with friends and fami ly, or unwinding after a busy day.
The kitchen is beautifully finished with a Caesarstone benchtop and execu tive high-end appliances. The kitchen flows into the bright and airy living area and then out to a fantastic out door area, built for entertaining.
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The apartment’s location is incredible, with Just like Martha your on-site barista and cafe, the gym and supermarket on your doorstep, and you’re within walking distance to Three Kings Plaza.
Myers says the property is perfect for downsizers, lock-up and leavers, pet owners, and a professional wanting a direct route to the CBD. There is also a town-pad for those with larger holiday homes.
You’re also spoilt with beautiful walkways and parks, includ ing Big King Reserve, Monte Cecilia Park, and Watling Re serve, just a short stroll away.
The sophisticated master features a sleek tiled ensuite and you can access the deck area through a sliding door. The master and second bedroom also include large wardrobes and storage options.
“Life is easy here. The perfect balance of simple luxury and a superb location.”
“
“If you’re looking for style, all-day sun, and flow, then this is the one for you. You’re going
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” and an incredible indoor and outdoor going to love it here,” Myers says. Featured property Listed by Bill Myers 021 890 bill.myers@raywhite.com006 THE BLACK BOOK. 19
In Auckland, 97% of suburbs recorded a fall over the past three months, with 14 suburbs seeing median values dropping by 5% or more, including Glen Eden, Papa toetoe, Henderson, and Panmure.
The latest update from CoreLogic NZ’s interactive Map ping the Market tool shows 803 of the 955 New Zealand suburbs analysed recorded a fall in median values be tween June and September.
“The winter momentum was most certainly downwards across the country, with the main centres hit hardest. The direction the cycle has been moving in shouldn’t come as a surprise to anyone.”
MARKET UPDATE:
PROPERTY PRICES SLIDE AS HOUSING
MARKET DOWNTURN heats UP
“The rise in mortgage rates over the past year means new borrowers can’t get as much finance, and existinghaveborrowerstoadjusttoo,”
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Davidson says while the property market has “short-term challenges ahead”, “there were also potential green shoots for next year”.
The downturn in the housing market has widened and deepened, with the majority of New Zealand’s suburbs recording a drop in property values in the past three months, new research shows.
“We’ve seen signs of weakness gathering pace this year as the lagged impact of rate rises, inflation, and other economic influences catch up with the market,” Davidson says.
Davidson says seven Auckland suburbs experienced falls of $100,000 or more, all of which were ‘upper end’ areas where median values are at least $2 million, including Omaha, Shamrock Park, Onetangi, Palm Beach, Herne Bay, Oneroa, and Orakei.
However, there were Auckland suburbs that defied the downward trend, including the North Shore’s Campbells Bay, where prices were up 6.5% to $2.48 million. The current median value in Epsom is $2,403,650, a decrease of 2.9 percent, according to the data. In Three Kings the median value is $1,259,800, a decrease of 1.5 percent, in Mount Eden the median value is $1,921,100, a decrease of 2.6 percent, in Parnell the median value slid 2.4 percent to $2,082,400, in Greenlane the median price dropped 1.5 percent to $2,062,950, in Remuera the median price fell by 2.1 percent to $2,705,500, in Newmarket the price dropped 2.4 per cent to $874,500, Ellerslie dropped 4.6 percent to $1,368,700, and Mission Bay decreased by 3.2 percent.
CoreLogic NZ’s Chief Property Economist Kelvin Davidson said the latest results confirmed the extent of the housing downswing and how much it had accelerated each quarter in 2022.
The “news is broadly positive” when you compare the trade-up premium seen this year to what was seen last year.
Kelvin Davidson CORELOGIC NZ’S CHIEF PROPERTY ECONOMIST
“Last year’s momentum has certainly vanished, with all key areas seeing a smaller rise in the tradeup premium over the past 12 months than in the previous period – consistent with the change in wider market conditions we’ve seen lately,” he says.
Announcing Ray White’s new concierge service, Ray White Chief Economist Nerida Conisbee said Kiwi buyers have a depth of choice in the market right now.
“So, not only is there more choice for buyers but in some areas, housing has also become more affordable. The median sale price for New Zealand has eased 14 percent since the peak in Novem ber 2021 and is now back to where it was a year ago. It is getting easier for people to get into the market,” Conisbee says.
The trade-up premium had been shrinking over the past year in Auckland City, Waitakere, Manu kau, Wellington City, and Dunedin.
“The margin is still about $400,000 or more in areas such as Auckland City and Manukau, but at least it’s fallen,” Davidson says.
Meanwhile, Davidson says the financial hurdle that comes with upgrading to a property with more bedrooms has shrunk in some areas in Auckland, with the gap in median values between three and four-bedroom properties starting to drop.
“But there’s also now a sense of light at the end of the tunnel given the low unemployment figures and forecasts that mortgage rates could potentially be close to a peak. People are adjusting to the new norm, and it wouldn’t be a surprise to see the market trough in the first half of 2023.”
“Our data shows us the number of properties on the market is more than 90 percent higher than this time last year,” she said.
“This reinforces the fact that most people ‘buy and sell in the same market’ and a wider downturn can sometimes be a good time to try and climb the ladder.”
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+ 6 4 9 6 3 8 8 6 4 0 e n q u i r i e s . b g r @ r a y w h i t e . c o m CONGRATS TO: R i c h a r d T h o d e R o s s H a w k i n s L i n h Y e e & C o . R o d C h e e s e m a n C u s t o m e r s e r v i c e a n d N o . 1 3 t h R e s i d e n t i a l S a l e s p e r s o n . N o . 1 4 t h R e s i d e n t i a l S a l e s p e r s o n N e w S t a r t M e m b e r - M e t r o N e w S t a r t M e m b e r R e g i o n a l N o r t h I s l a n d B o t h o u r o f f i c e s h a v e b e e n r e c o g n i s e d t h r o u g h o u t t h e R a y W h i t e G r o u p f o r t h e i r e x c e l l e n c e . O n t o p o f t h a t o u r l a r g e r p a r e n t o f f i c e w o n N o . 5 O f f i c e o f t h e y e a r , a g a i n a w i n t h a t i s e x t r e m e l y h a r d t o g e t o u t o f a p p r o x 2 8 0 o f f i c e s . RAY WHITE AWARDS
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All GlittersThatAccentuateyournatural beauty with this gorgeous collection.
FrangipaniFORMERY Sterling Silver Necklace
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Ingredients Method
olive oil to a large frypan and place over medium heat. Season fish fillets with salt and pepper. Place fish skin side down into pan and cook for 3-4 minutes on each side or until cooked through. Remove from pan and allow to rest.
Get more like this at Verve Magazine!
1 tablespoon rapadura sugar
Dietary Details: Egg-freeNut-freeDairy-freeGluten-free
1 teaspoon garam masala 1 tablespoon tamari
1 tablespoon coriander roots, roughly chopped
2 cloves garlic
To serve coriander leaves toasted coconut red chilli, sliced steamed rice
Pour over stock and bring to a simmer. Cook for 15 minutes, or until sauce has reduced slightly and potatoes are tender. Remove from heat. Stir through coconut cream and lime juice. Season to Meanwhile,taste.add
Recipes & photography from A Taste of Eden by Eden Health Retreat edenhealthretreat.com.au
1-2 long red chilli, roughly chopped
1 teaspoon turmeric powder
To serve, ladle curry into a bowl. Place fish on top. Garnish with coriander leaves, toasted coconut and chilli. Serve with steamed rice and wedges of lime.
Serves: 4
2 tablespoons lime juice 2 tablespoons extra virgin olive oil 4 fillets wild caught reef fish, skin on salt and pepper
Hot and Sour Pineapple Fish Curry
Place a wok over medium-high heat. Add curry paste and sauté until fragrant. Add potatoes and pineapple and cook for a further 3-4 minutes.
2 tablespoons fish sauce 4 potatoes, peeled and chopped 1/4 pineapple, peeled and sliced 500ml fish or vegetable stock 400ml coconut cream
In a food processor, blend coconut oil, garlic, ginger, coriander roots, lemongrass, chilli, fresh turmeric, turmeric powder, garam masala, tamari, rapadura sugar and fish sauce into a smooth paste.
3 tablespoons virgin coconut oil
1 tablespoon ginger, finely chopped
1 stalk lemongrass, roughly chopped
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1 teaspoon fresh turmeric, finely chopped
We’re proud to help thousands of New Zealanders sell their home every
CLICKyear.
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 mation.
HERE TO READ THE LATEST ISSUE NOW
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Introducing Ray White Now, an insight to provide clarity to all our cus tomers on what is happening in the market right now.
As Australasia’s 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.
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1 2 S E P
62.5%
This week Ray White NZ had an all sold clearance rate of L E A R A N C E R A T E A Y W H I T E N E W Z E A L A N D U C T I O N S R E P O R T T E M
We saw an average of 1 9 registered bidder and 1 4 active bidders per auction In Auckland last week, the majority of buyers were owner occupiers, sitting at 64 3 per cent, while 28.6 per cent were investors. B U Y E R S
C
: 44% R
A
B E R - 1 8 S E P T E M B E R 2 0 2 2
R
Ray White reports active bidding on 62.5 per cent of auctions last week Auctions sold 7 1 per cent above the highest offer received during campaign
Ray White New Zealand scheduled 116 auctions last week, down 22 1 per cent year on year C H E D U L E D
Ray White New Zealand's average clearance rate last week was 44 per cent nationally
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C O M P E T I T I O N C R E A T O R S
(-22.1% yoy) S
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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.
players!
Out’n’About!
like
. Not every day you can see this! Supplied by Mark Bycroft
father
- Legend
Very proud parents at graduation day. Congratulations to Bella Bycroft!
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Linh Yee bringing the fabulous property at Lot 34 Papatupu Way, Kumeu to market
NOBODY gets behind high-school rugby a of the Ross Hawkins from the sidelines
Linh & Co “Heather is a phenomenal mentor. She inspires and uplifts me. With her knowledge and mentoring I know I can be no 1” “I could never have done this without Heather. She’s one in a million” Do you have what it takes to go from zero to hero in one year? Call today and let’s find out! THE BLACK BOOK.30
H E A T H E R H A S J U S T M E N T O R
H E R 6 T H W I N N E R O N T H E N A T I O N A L A W A R D N E W S T A S A L E S P E R S O N O T H E R W I S K N O W N A S “ R O O K I E O F T H E Y E A R ”
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. 31
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A picture paints a thousand words, so check out the Fleur & Co Instagram page to view my past creations or simply have a squiz to gain some inspiration.
HELLO@FLEURANDCO.NZ 027 720 2077
Inspired by my lifestyle in New Zealand I’ve curated a range of healthy gift options and stunning floral designs for like-minded people across New Zealand to enjoy as much as I do.
Hello and welcome to Fleur & Co. My name’s Alina and I’m a Rus sian-born Kiwi based in Auckland with a passion for elegant floral design and beautiful organic products.
I believe in making a positive contribution to my community, so that’s why every year I’ll select a deserving charity to regularly donate flowers to. So, each time you place an order with Fleur & Co – you’re helping to make a difference in your community.
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AUCKLANDCENTRAL
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2 A 1 F 1 I 1 K1/1096 New North Road, Mount Albert rwepsom.co.nz/EPS31032 Black Group Realty Limited Licensed (REAA 2008) Auction 20 October 2022 at 6:30pm, In Rooms & Online (Unless Sold Prior) View Saturday & Sunday 2:00 - 2:45pm Suzanne Thomas 021 0839 8909 J HI Hamish McKay 021 641 165 •1950's brick & tile corner unit •character features •native timber floors •two double bedrooms •single garage at rear
This could be a fantastic lock and leave option.
Seldom do homes of this quality and thoughtful style come to market. Offered for sale for the first time since it was built, I believe that this home is virtually irreplaceable. Perfectly formed at the top of this driveway on a flat freehold site with complete privacy - yet bathed in all day sun.
3 A 2 F 2 I 2 K16a Rowan Road, rwepsom.co.nz/EPS31110Epsom Black Group Realty Limited Licensed (REAA 2008) Auction 12 October 2022 at 6:00pm, In (Unlessrooms/OnlineSoldPrior) View Saturday & Sunday 1-1.30pm Auction Trenton Hodson 021 816 953 G EF
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EASTERN BAYS
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NORTH OF THE BRIDGE
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COASTAL LIFESTYLE&
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Happy Trails!
We’ll
be back in another two weeks with the next edition of The Black Book
