22 Denver Avenue Building the Most Liveable Country - Sunnyvale, Auckland - Williams Corporation
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22 Denver Avenue Sunnyvale, Auckland One Bedroom Townhouses with On-Street Carpark and Two Bedroom Townhouses with Off-Street Carpark Building the Most Liveable Country
22 DENVER AVENUE 22 Denver Avenue Sunnyvale, Auckland One Bedroom Townhouses with On-Street Carpark and Two Bedroom Townhouses with Off-Street Carpark Affordable Living Our Townhouses, located on Fee Simple Titles, are the most popular products our company has created. With several similar projects selling down in record timeframes, we are excited to be releasing this property. Contents Design and External Colours Page 3 Location Page 4 Landscape Plan Page 5 Survey Plan Page 6 Floor Plan(s) Page 7 External and Internal Quality Page 8 and Internal Colours Build Specifications, Colour Schedule Pages 9–10 and Chattels List Price List Page 11 Rent Appraisal(s) Pages 12–13 About Williams Corporation Page 14 Meet the Team Pages 15–16 How We Build Homes Better Pages 17–18 House prices nationwide are tipped to soar Pages 19–20 by 20 per cent over the next four years A Big Problem We Are Solving... Page 21 Why Buy in Auckland? Page 22 Warranty and Maintenance Page 23 The Differences Between a Residents Page 24 Agreement and a Body Corporate How to Purchase a Property Page 25 from Williams Corporation Contact Us Page 26 Testimonials Page 27 Here’s How New Zealanders Get Rich Page 28 Building the Most Liveable Country Page 2
22 DENVER AVENUE We are very proud of the design appeal of this Design development. With a mixture of Resene Half Black White and Biscay coloured BGC Weatherboards, extensive landscaping and elegant pergolas identifying your formal entrance way. This simple yet tasteful design is market leading with Townhouse construction. Resulting in a highly appealing visual aspect, while maintaining extreme functionality and low maintenance. Colours External BGC Weather board BGC Weather board Windows Roof, Fasica, Soffits Pergola features Resene Half Black (Feature) Silver Pearl Gutter, Downpipes Resene Half Pergola is White Resene Biscay Gull Grey Black White Macrocarpa natural timber with galvanished steel brackets painted black Page 3
22 DENVER AVENUE Located on Denver Avenue in Sunnyvale, these Location Townhouses are perfectly positioned for trains, buses and motorway connections and are walking distance to local shops, cafes and other amenities. It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as Auckland City’s population grows. 4 3 2 22 1 What’s nearby? 1 Mckinley Reserve 200m 2 WestCity Waitakere Shopping Mall 2.6km 3 PAK’nSAVE Henderson 3.2km 4 Auckland Central 17.5km Building the Most Liveable Country Page 4
22 DENVER AVENUE, SUNNYVALE LANDSCAPE PLAN SCALE 1:150 LANDSCAPE ARCHITECTURE T1 S1 HARD LANDSCAPE A3 FENCING FEATURES A4 FENCE A A1 - HWC A5 A2 A1 A2 - COLLAPSIBLE CLOTHING LINE FENCE B A3 - GARDEN SHED S2 STONE RETAINING WALL A4 - POWER OUTLETS TIMBER RETAINING WALL A5 - WATER OUTLETS A6 - PERGOLAS FOR ENTRANCES P3 S10 PAVING/ SURFACES A7 - SOLAR LIGHTS FIXED ON FENCE A8 - MAILBOXES A8 P1- CONCRETE P2 - COLOURED CONCRETE NOTE: CONCRETE TO BE CUT MINIMUM EVERY 3M P3 - COMPACTED LIMESTONE CHIP S7 A7 P2 S3 Page 5 T2 P1 S9 S4 22 DENVER AVENUE S8 Landscape Plan S5 S6 SOFT LANDSCAPE S.NO COMMON NAME BOTANICAL NAME NO. GRADE GROWTH SPACING T1 PURPLE LACEBARK HOHERIA POPULNEA 05 PB45 5x3M As shown T2 KOWHAI SOPHORA TETRAPETA 04 PB28 8x3M As shown T3 ORANMENTAL MAGNOLIA MAGNOLIA SUNSATION 01 PB45 3x3M As shown S1 KOWHAI SOPHORA MICROPHYLLA 62 PB20 7x3M 0.6M T3 S2 PHOTINIA PHOTINIA ROBUSTA 12 PB5 4x3M 0.75M S3 LIME TUFF LOMANDRA TANIKA 48 PB5 0.45 x 0.45 M 0.5M S4 THUJA THUJA OCCIDENTALIS SMARAGD 02 PB12 4 x 1.5 M As shown S5 CAMELLIA CAMELLIA JAPONICA 08 PB10 2 x 1.2 M 0.6M S6 BLACK KNIGHT PSEUDOPANAX BLACK KNIGHT 17 PB18 3x2M As shown S7 COROKIA COROKIA 'FROSTED CHOCOLATE' 42 PB12 2x2M 0.6M S8 COPROSMA COPROSMA BLACK CLOUD 48 PB12 0.4 x 1 M 0.45M S9 LAVENDER LAVENDER BEE BRILLIANT 32 PB5 1X1M 0.5M S10 STAR JASMINE TRACHELOSPERMUM JASMINOIDES 27 PB8 NA 0.5M
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SW w ate cil n SW · NOT ALL PUBLIC & PRIVATE DRAINAGE INFORMATION IS SHOWN ON THIS rm ou r Sto SW m C PLAN. SYMBOLS AND MODELS OF SERVICES ARE SHOWN SW W W ate W W SW W mØ n fro DIAGRAMMATICALLY ONLY AND NOT TO SCALE.UTILITIES INFORMATION IS w 5m SW 22 W catio S lo NOT SHOWN ON THIS PLAN. SW · THE POSITION AND ALIGNMENT OF SERVICES SHOWN ON THIS PLAN HAVE torm ate S (A p xim BEEN OBTAINED FROM COUNCIL RECORDS AND ENGINEERING DESIGN W W SW SWpr pro W W W SW PLANS AND ARE SUBJECT TO THE ERRORS OR OMISSIONS OF THAT DATA, ox SW 5 (Ap mØ im THEY SHOULD NOT BE USED FOR CONSTRUCTION PURPOSES. ALL SERVICES at m 5 e DP 134216 SW SHOULD BE LOCATED BEFORE ANY CONSTRUCTION BEGINS. SW SW m 22 Sloc 225 · UTILITIES INFORMATION IS NOT SHOWN ON THIS PLAN. W W ain W W Local Purpose Reserve (Road) St W · WATER SUPPLY INFORMATION IS NOT SHON ON THIS PLAN. mW atio rM SW SW te SW · ADDITIONAL SERVICES AND UTILITIES EASEMENTS, COVENANTS AND Ø n fro wa or m OTHER LEGAL INSTRUMENTS PERTAINING TO THIS SITE MAY NOT BE te EXISTING W r PROPOSED REPRESENTED ON THIS PLAN AND MAY STILL BE REQUIRED. as ( m SWCou SW W wa n SWCP SW W SW PUBLIC · AREAS AND MEASUREMENTS ARE APPROXIMATE ONLY AND SUBJECT TO W te cil W App SWMH FINAL SURVEY. mØ W ro Re co 0m xim SW SW rd a W 15 s) W m 15 Wte lo SW W 0m W ca W t SW SW SW Channel Ø ion W W IN as from Street Light SW tewWW C W MA SW SW Parking ate oun SW W DE C SW r M cil R SW W ain Wec o W r UBLI W P ds SW ) NV Street Light SW W F E 25Ø SW W l W Footpath 2 W To oot W (App W 100m an Ke p p Valve roxim ne rb W mØ W Ch of ath ENT ate lo W Gr catio ater M RA W as s EM n from W ain W V Coun W Be W 4.21 SW LAC cil Re W W RELOCATED rm cord m s) 9.68 SWCP REP Grass Ber EN W W 5.02 W W W UE Pt Lot 39 SW EXISTING SCHEME PLAN PUB PUBLIC DP 91501 FOR CONSENT LIC WWMH POS 12.4 5.02 8 W W ED Road Reserve W PROSW SWCP SW Ø 225 SW LEA LEGEND 8.3 Fire Hydrant 12.4 W 5 D 8 5.02 W PROPOSED LOT BOUNDARIES 1.2 0 ROAD BOUNDARIES W LOT 1 PROPOSED ABUTTAL BOUNDARIES 12.4 PUBLIC W 9 W 7.30 156 m² SW SWMH PROPOSED EASEMENT BOUNDARIES PROPOSED W LOT 2 Net 135m² + R.O.W. 21m² PUBLIC EXISTING VEHICLE MEASUREMENTS (METRES) 25.67 SW 12.4 WWMH CROSSING TO BE 9 63 m² 1 EXISTING BUILDINGS (EXTERIOR CLADDING) UNIT O RSWK WIDENED WW W LOT 3 Net 57m²+ R.O.W 6m² A PA EXISTING WASTE WATER LINE WW WW R W SW Page 6 B W WW CA EXISTING STORM WATER LINE SW SW 1 RK 63 m² SW IT PA EXISTING WATER SUPPLY LINE W W W IT 2 WW R EXISTING POWER LINE/UG CABLE P P 3.5 LOT 4 Net 57m²+ R.O.W 6m² C UN UN CA 1 SW AMALGAMATION CONDITIONS W D PW 5 EXISTING COMMS LINE/UG CABLE T T W W W 2 IT W (Pursuant to S220 Resource Management Act 1991) 63 m² 5.51 SW 8.2 UN Telecom Plinth IT 3 WW Power Plinth Net 57m²+ R.O.W 6m² E UN Ex. WM PROPOSED BUILDINGS (EXTERIOR CLADDING) SW T THAT LOT 10 HEREON (LEGAL ACCESS) BE HELD AS TO ONE UNDIVIDED SHARE BY THE OWNER OF LOT 3.8 W F 6 PROPOSED WASTE WATER LINE WW WW Q WW LOT 10 W 2 5 HEREON AND THAT AN INDIVIDUAL RECORD OF TITLE BE ISSUED IN ACCORDANCE THEREWITH. 22 DENVER AVENUE LOT 5 4 12.0 SW PROPOSED STORM WATER LINE SW SW W 5.02WW 24 m² G UNIT IN IN PROPOSED WATER SUPPLY LINE 12.4 91 m² MA SW 9 MA Access Lot 2 15 W H R WW C WW SW 7.0 PROPOSED POWER LINE/UG CABLE P P 0m W LI 3.5 mØ BLIC PROPOSED MEMORANDUM OF EASEMENTS 0 PUB SW PU PROPOSED COMMS LINE/UG CABLE T T W Ø W 5.02 WW 225 as ED U PURPOSE SHOWN BURDENED LAND BENEFITED LAND SW POS Survey Plan W IMPERVIOUS AREA S PRO A LOT 1 LOT 2 tewWW ate 5.53 WD 225Ø E r POS SW W 1 5.02 WW PRO B LOT 2 LOT 1 LANDSCAPED AREA Ma 10 5 SW .96 DP 462810 UNIT WW LOT 9 C LOT 2 LOT 3 in W W 5.82 SW I T9 D LOT 3 LOT 2 W 24 Denver Avenue PROPOSED WW 108 m² UN E LOT 3 LOT 4 7.31 PUBLIC SW Net 85m²+ R.O.W 23m² 4.20 WWMH V W F LOT 4 LOT 3 W 4.51 SW G LOT 4 LOT 5 SW .56 PARTY WALL PROPOSED N 12 H LOT 5 LOT 4 14 www.envivo.co.nz W W W .39 PUBLIC LOT 8 M I LOT 6 LOT 7 SWMH REV BY DATE APP'D REVISION/ COMMENTS J LOT 7 LOT 6 I T8 W 76 m² K LOT 7 LOT 8 W UN W Net 65m²+ R.O.W 11m² L LOT 8 LOT 7 Building the Most Liveable Country LOT 7 M LOT 8 LOT 9 W 15 W N LOT 9 LOT 8 W 62 m² L DP 91501 TITLE Net 55m² K W O LOT 1 LOTS 2-9 20 Denver Avenue SUBDIVISION SCHEME PLAN W + R.O.W 7m² 7 P LOT 1 LOTS 2-5 W W IT 6.64 Q UN LOT 2 LOTS 3-5 PROJECT/LOCATION LOT 6 W J R LOT 3 LOTS 4 & 5 8.6 4 W S LOT 4 LOT 5 W 104 m² I 22 DENVER AVENUE 16.5 RIGHT OF WAY ON FOOT 1 T LOT 1 LOTS 5-9 SUNNYVALE W X LEGAL DESCRIPTION U LOT 9 LOTS 5-8 W 9 W 2 4.2 V LOT 9 LOTS 6-8 6 W DP 161047 IT W LOT 8 LOTS 6 & 7 LOTS 1-10 BEING SUBDIVISION OF UN W X LOT 7 LOT 6 LOT 14 DP 91501 W 39C Rangeview Road O, P LOT 1 LOTS 2-5 W LOGIN NAME: BOYD THOMSON RECORD OF TITLE EXISTING Q LOT 2 LOTS 3-5 NA56A/51, 810 m² PUBLIC R LOT 3 LOTS 4 & 5 SURVEYED DRAWN DESIGNED APPROVED 6 17 WWMH SR/BP/MS BT BT BT 9.2 S LOT 4 LOT 5 DATE DATE DATE DATE DP 91501 RIGHT TO CONVEY WATER WW O, T LOT 1 LOTS 6-9 13/11/19 05/12/19 20/11/19 05/12/19 SCALE @A1; @A3 ZONING W 16 Denver Avenue U, V LOT 9 LOTS 6-8 1:100; 1:200 RESIDENTIAL - MIXED HOUSING URBAN Scale m W LOT 8 LOTS 6 & 7 PROJECT ORIG ZONE LOC TYPE RL DRG No SUIT REV 0 1 2 3 4 5 10 X LOT 7 LOT 6 WW W 31145 -SUR - XX - XX - DR - G - 130 - S2 - P1 DATE: 5/12/2019 10:01:11 a.m. LOCATION: \\Envfs01\30000\31145 - 22 Denver Ave, Sunnyvale\Surveying\12D CAD\31145-SUR-XX-XX-DR-G-130-S2-P1.dwg
22 DENVER AVENUE The open plan nature of the kitchen, Upstairs are either 1 or 2 full size Floor Plan(s) living and dining provides everything bedroom(s), which include large built-in you need for comfortable living. Our wardrobes. Also upstairs is a full size extremely functional kitchen will bathroom(s). impress, which also includes a Outside is your own low maintenance, combination washer/dryer. There is private courtyard with ample space for a large storage space conveniently a barbecue, table and chairs. The outdoor located under the stairs. area also includes a storage shed along with an outdoor power supply. 1 bedroom 2 bedroom Living/Dining Living/Dining Kitchen S/A S/A Kitchen Ground Floor Ground Floor w.r. Bedroom Store Bathroom Bedroom 1 Store Bathroom w.r. w.r. First Floor Bedroom 2 First Floor Page 7
22 DENVER AVENUE Quality is paramount in our properties Finishing with European tiles, washable Internal Quality External and and only the best products are going paint and upgraded magnesium oxide into the construction and fit out of our flooring, giving the first floor that concrete developments. Starting with an engineered feel. All our products are purchased from gravel base and concrete raft foundation, large industry leading companies, to ensure then laminated veneer framing, coupled reliability and quality. with double glazed windows, solid air barriers, upgraded glass wool insulation, which is guaranteed for 70 years and Each carpark comes aerated concrete intertenancy walls. with its own electric car charging unit. Images of the living, lounge and kitchen are indicative of a 2 bedroom property. Images used throughout this Information Pack are indicative only. All properties are painted in beautiful Colours Internal modern tones to create a feeling of warmth and space throughout. The neutral tones allow you to add your own unique touch with furniture, artwork and other accessories. Tiles Carpet Kitchen Kitchen Splashback Ceiling / Blinds Cabinetry Bench Trim / Doors / Walls Building the Most Liveable Country Page 8
22 DENVER AVENUE Build Specifications Specifications, Colour Schedule and Chattels List General Specifications Internal Doors Paint finish flush panel MDF doors Gib sliders to robes Entry Door Latitude panel Hardware Schlage Windows Double glazed, powder coated aluminum Electrical LED lighting, sockets, general connections, phone and tv jacks, heated towel rails and bathroom fans. Heating Fujitsu 5kw heat pump Water Heater 180L hot water cylinder Paint Resene Spacecoat Roof .4mm Colour Steel corrugated roofing Fascia Colour Steel Gutter Colour Steel Downpipes Colour Steel Cladding BGC Weatherboard Interior Lining Insulation Batts R 2.6 wall batts, R 3.6 ceiling batts Gib Walls and ceilings, standard gib to engineer requirements Gib Stopping Level 4 finish, square stop to ceiling Skirting and Architraves MDF 60mm square finish skirting, 40mm square finish architraves, pine skirting to wet areas Kitchen Oven Fisher and Paykel 60cm built-in oven Hob Fisher and Paykel 60cm ceramic cook top Dish draw Fisher and Paykel stainless steel dish draw Rangehood Fisher and Paykel built in Power Pack Washer/Dryer Fisher and Paykel Washer/Dryer Combo Refrigerator/Freezer Haier Top Mount Microwave Fisher and Paykel 60cm Built-In Combination Bathroom Shower Acrylic shower tray, tiled walls Vanity Brighton 900mm wall hung vanity white gloss Heating Chrome heated towel rail Mirror Mirror over vanity Tapware Metro series basin, shower, kitchen mixer Toilet Back to wall soft close with integrated bidet Page 9
22 DENVER AVENUE Build Specifications Specifications, Colour Schedule and Chattels List Internal Colours Tiles European off white tile Carpet Virga Cloud Kitchen Cabinetry Hamptons Elm Kitchen Bench Engineered Marbello Snowdrop Splashback Clear glass Ceiling/Trim/Doors/Walls Resene Half Black White Blinds Chalk block out blinds External Exterior Cladding BGC Weatherboard coloured Resene Half Black White and Biscay Roof, Fascia, Gutter, Downpipe colour Gull Grey Soffits Resene Half Black White External Joinery and Front Door Silver Pearl Tap(s) x2 for Townhouses and as per the Plans for Apartments Chattels List Letter box Clothes line Garden/bike shed Blinds Cook top Range hood Dish draw Refrigerator/Freezer Microwave Fixed floor coverings Light fittings Heat pump and remote Bathroom heater Towel rail Mirrors above vanity Wardrobe joinery Satellite dish Washer/Dryer Combo Smoke alarm/s pursuant to Building Code requirements Building the Most Liveable Country Page 10
22 DENVER AVENUE Price List Internal and Unit Number of Number of Site Outdoor Price Number Bedrooms Carparks Measurements Measurements 80m2 (internal) 156m2 Unit 1 2 1 $665,000 31m2 (outdoor) (135m2 net) 58m2 (internal) 63m2 Unit 2 1 0 $510,000 21m2 (outdoor) (57m2 net) 58m2 (internal) 63m2 Unit 3 1 0 $510,000 21m2 (outdoor) (57m2 net) 58m2 (internal) 63m2 Unit 4 1 0 $510,000 21m2 (outdoor) (57m2 net) 80m2 (internal) Unit 5 2 1 91m2 $660,000 26m2 (outdoor) 58m2 (internal) Unit 6 1 0 104m2 $515,000 48m2 (outdoor) 58m2 (internal) 62m2 Unit 7 1 0 $499,000 22m2 (outdoor) (55m2 net) 58m2 (internal) 76m2 Unit 8 1 0 $499,000 22m2 (outdoor) (65m2 net) 58m2 (internal) 108m2 Unit 9 1 0 $510,000 42m2 (outdoor) (85m2 net) Page 11
22 DENVER AVENUE Rent Appraisal 1 bedroom RENTAL APPRAISAL 22 Denver Avenue, SUNNYVALE KELSTON 1 Bedroom Townhouse In assessing the market rent for this property, we have taken into account the location, size, type of exterior and interior including quality of chattels. • 1 Bathroom • 2 Levels This new home offers quality fixtures and fittings and meets all the requirements by the Tenancy Services for rental properties. This includes insulation, double glazing and heat pump to meet the standards set for 2020. Situated on a low maintenance section with Bus stop 170 metres from the house. Perfectly positioned for access to the North Western Motorway, New Lynn and 2.4 km from Henderson Shopping and Entertainment Centres. Only a 9 minute walk (700m) to the Sunnyvale Train Station And 4 minute walk (400m) to the closest bus top It is in our opinion that your Unfurnished: $440 - $480 property would achieve a weekly rent in the vicinity of : Furnished: $465 - $500 Jill Findlay It should be noted that the rental values quoted are relevant to the market at the time of conducting the assessment and may change when the property is due for Property Manager rental in 2020. Please note these values could increase in this period. M: 021 361572 P: 09 575 3000 E: jill.findlay@harcourts.co.nz www. jkrealty.harcourts.co.nz Jill Findlay DISCLAIMER: This report is a market appraisal and does not purport to be a valuation, registered or otherwise. It has been Building the Most Liveable Country Page 12
22 DENVER AVENUE Rent Appraisal 2 bedroom RENTAL APPRAISAL 22 Denver Avenue, SUNNYVALE KELSTON 2 Bedroom Townhouse In assessing the market rent for this property, we have taken into account the location, size, type of exterior and interior including quality of chattels. • 1 Bathroom • 2 Levels • 1 carpark This new home offers quality fixtures and fittings and meets all the requirements by the Tenancy Services for rental properties. This includes insulation, double glazing and heat pump to meet the standards set for 2020. Situated on a low maintenance section with Bus stop 170 metres from the house. Perfectly positioned for access to the North Western Motorway, New Lynn and 2.4 km from Henderson Shopping and Entertainment Centres. Only a 9 minute walk (700m) to the Sunnyvale Train Station And 4 minute walk (400m) to the closest bus top It is in our opinion that your Unfurnished: $510 - $580 property would achieve a weekly rent in the vicinity of : Furnished: $550 - $600 Jill Findlay It should be noted that the rental values quoted are relevant to the market at the Property Manager time of conducting the assessment and may change when the property is due for rental in 2020. Please note these values could increase in this period. M: 021 361572 Jill Findlay P: 09 575 3000 E: jill.findlay@harcourts.co.nz www. jkrealty.harcourts.co.nz DISCLAIMER: Page 13
22 DENVER AVENUE Williams Corporation do property Williams Corporation see both Auckland Corporation About Williams development and investment in Auckland and Christchurch as world class cities with and Christchurch. Our well-built exceptional value moving forward. We are Townhouses and Apartments are the totally committed to building Auckland future for New Zealand housing and a and Christchurch into the most liveable desirable solution to the housing crisis. cities. Meet our team below and reach out to discuss your next property investment. Team Management Meet the Matthew Blair Horncastle Chappell Managing Director Managing Director Matthew manages, on a daily basis, Blair is responsible for product and land acquisition, development design, contractor procurement, pricing, site resource consents, development sales, management along with building marketing and finance. Matthew is consents. As a qualified business analyst a qualified builder and has been in and having been in the construction the construction industry for over industry for over 7 years, Blair loves 9 years. Matthew is extremely everything about development, including high energy and passionate about watching a development go from an idea Williams Corporation’s purpose to on a set of plans to a finished product, build Auckland and Christchurch complete with home owners and tenants. into the most liveable cities. Kathryn Scott Nathan Marshall Barclay Veevers Managing Director Group Accountant National Design Manager Kathryn has a 32 year career in construction. Kathryn overviews the Scott manages all the finances Nathan has over 20 years experience company finances and cashflow including creditors, purchase orders, in a number of architectural position and is responsible for payments, office administration and practices, ranging from large group company systems, processes, controls IRD compliance. As a qualified home builders to small architectural and oversees legal and technical Accountant, Scott has had extensive groups. As a qualified licensed documents. Kathryn has a Bachelor of experience in the construction building practitioner in design and Agricultural Science Degree, including industry, having prior roles with both previous experience as a Homestar business subjects. Kathryn creates the main contractors and suppliers. In Assessor and the Superhome vision, along with Matthew and Blair previous lives, Scott worked as a Market Movement, Nathan oversees and forms highly skilled teams to Gardener and High School Teacher. consenting throughout the country. deliver the outcomes ethically. Building the Most Liveable Country Page 14
Team 22 DENVER AVENUE Consultants Property Meet the Stephen Matt Pike Withington Property Consultant Property Consultant Stephen has over 15 years experience As a licensed builder, experienced in property sales and has helped over new-home consultant, homeowner 1000 customers either invest or own and property investor, Matt brings a residential real estate. Stephen’s wealth of technical know-how to the professional approach and strong Williams Corporation team. Matt has knowledge of market opportunities, a trusted reputation, built on positive ensures that his customers get the communication and assists customers best advice and information to with options that will perform best now enable a sound decision is made. and into the future. Matt genuinely loves Achieving financial security for his talking about property and is passionate customers is of utmost importance. about helping people achieve their goals. Greg Maxine Mitchell Freeman Thomas Podmore Property Consultant Property Consultant Property Consultant Greg has 11 years of relevant experience Maxine has over 10 years experience in Mitchell has been in the sales game for and proven history in directing and property investment, including acting 5 years plus 2 years in construction. selling investment property, helping as a buyer’s agent sourcing suitable As a Property Consultant, Mitchell over 1000 clients from around New property, enabling others to grow their provides a great understanding, by Zealand. Greg loves helping others to wealth. Prior to property, Maxine listening to customers’ needs, then achieve their dreams and believes with travelled the world as a Flight Service putting it all together, to provide having the right advice, plus the correct Manager. Maxine is extremely passionate amazing results. Mitchell is very active, structures implemented, these factors about people and property and gets being a competitive cyclist to all kinds are key to making this happen. immense satisfaction combining the two of other sports, that provide grounding together to achieve exceptional results. and knowledge to work hard and achieve great goals. Hannah Sharaine Turner Barrett Property Consultant Property Consultant Hannah is one of our Auckland based Sharaine has over 10 years experience Property Consultants and is also in the real estate and sales industry. responsible for client relationships, She is very passionate about property general enquiries and assisting with and has developed great knowledge and settlements. Hannah graduated from understanding due to purchasing and the University of Canterbury with a renovating a number of properties from Bachelor of Arts. Hannah contributes the age of just 19. Sharaine’s consultative a high level of literacy and approach ensures her clients feel communication to the team and is comfortable to make decisions with passionate about helping Kiwis gain a ease, and is dedicated and committed to firm foothold on the property ladder creating an exceptional experience while ensuring customer satisfaction when it comes to buying property. remains a priority and a point of difference for Williams Corporation. Page 15
22 DENVER AVENUE Team Consultants Property Meet the Dee Scottie Bull Muirson Property Consultant Property Consultant As a down-to-earth Mum of five Scottie has nearly 10 years experience in sports-mad kids, Dee is all about property investment and sales. Property community with a huge heart for and finance runs in his blood. Scottie helping people grow their security. With entered the property industry full time a background in design and experience after investing in property during his in the building/joinery industry, Dee is successful and adventurous military passionate about sustainable living and career in the Air Force. Scottie is driven all things eco-friendly and energy to help people achieve their life goals efficient. Dee’s appreciation for clever and to be able to live the life they dream and innovative spaces means she of. Scottie loves to assist first home understands big is not always best, buyers and investors get into the best we just need smarter homes for living housing possible. and to live smarter. Ben Carl Mandi Cloake da Costa Ussher Property Consultant Property Consultant Property Consultant Ben has over 15 years experience in Carl has over 15 years in real estate Mandi has over 15 years in sales and has the sales industry, with a background sales along with extensive experience focussed her career over the past three in solar, insulation, heating and home as a property investor, business years in real estate, working with first efficiency. Ben is very passionate owner, entrepreneur and public home buyers and investors alike. With a about helping first home buyers and speaker. Carl’s passion is helping creative flair and passion for design, investors get onto the property others achieve personal and financial Mandi has previously worked as a ladder. Ben’s collaborative approach freedom by providing enthusiastic kitchen and bathroom designer. Through helps his clients feel informed to support, encouragement and the consultation processes of creating make decisions with confidence. expertise. Carl’s belief is that nothing beautiful interior spaces, it soon became is impossible by maintaining a evident that Mandi’s greatest enjoyment positive can-do attitude. Let Carl was derived from the management of share his enthusiasm to support your relationships with clients and successful goals and property aspirations. outcomes on projects. Henri Loader Property Consultant Henri has grown up around the building industry all his life and is extremely passionate about it. Henry is a Licensed Building Practitioner with 10 years experience, which includes running his own business. Henri purchased his first house at the age of 19 and wants to help other people realise their dream of being a First Home Buyer or Property Investor. Henry truly believes that Williams Corporation has a product suitable for everyone and genuinely has a sense of responsibility to help clients confidently with their new investment. Building the Most Liveable Country Page 16
22 DENVER AVENUE How We Build Homes Better 9 7 5 6 4 8 3 2 1 Page 17
22 DENVER AVENUE How We Build Homes Better 1 2 3 Gravel Raft Engineered Slab LVL Frames Soils are stripped down and replaced Constructed on top of the gravel raft an LVL stands for laminated veneer with compacted gravel, the entire engineered slab provides the benefits lumber, LVL timber is dimensionally process is signed off and overseen by an of the concrete foundation sitting on accurate, straighter and meets or engineer. A gravel raft provides a stable the ground instead of in it. Constructed exceeds equivalent stress tests when platform and strengthens the ground with concrete, steel and polystyrene compared to standard SG8 and SG10 under your home. pods, with the process being signed off pine framing. by an engineer. 4 5 6 Plywood Flooring Insulation Hebel Intertenancy Wall Manufactured from sustainably grown With warm dry homes being paramount Hebel Powerpanel XL is made out of New Zealand Pine, plywood flooring for our construction methodology, we aerated concrete and provides fantastic has improved structural benefits when use a R3.6 ceiling batt with an R2.2 acoustic and fire resistant properties. compared with particle board flooring ceiling blanket on top, providing nearly This ensures the product separating you and feels fantastic to walk on. double the building code requirements. from your neighbours is of the highest For the external walls, we use a R2.6 quality in the market place. Because the wall batt to achieve 30% over building Hebel sits between the timber framing code requirements. With a 70 year you have full use of the intertenancy product warranty and being owned by wall in your home without comprising CSR Group, we have partnered with your fire and acoustic rating. Bradfold Gold to provide this industry leading insulation solution. 7 8 9 Solid Air Barrier LVL I-Joists Safe Building Envelope It is no surprise that the building Manufactured from sustainably grown All of our homes have longevity in code requires a solid air barrier in New Zealand Pine, LVL I-joists are half mind, we do not use internal gutters, extra high wind zones, when compared the weight of conventional softwood flat roofs or other high risk design to building paper a solid air barrier joists and are straight, uniform and elements. We use leading products both offers a more robust cavity and extra dimensionally stable. This provides a on the walls and behind them to create structural bracing on the home. lighter, stronger midfloor that has less a low maintenance home that will last chance of long term deflection. the test of time. Building the Most Liveable Country Page 18
22 DENVER AVENUE House prices nationwide are tipped to soar by 20 per cent over the next four years Article originally appeared on stuff.co.nz on June 16, 2019 After a long overdue pause in the most overheated parts Senior property economist at property data provider of the market, house prices are again tipped to soar by CoreLogic, Kelvin Davidson, said if Treasury’s forecast an average of 18.3 per cent in the next four years. was correct, it would reflect growth in regional New That is how much Treasury is predicting house prices Zealand. will rise between now and 2023 - a rise of about Property values in some parts of regional New Zealand $125,000 on the average residential house values cited are already booming - the latest Real Estate Institute by Quotable Value for March 2019. report revealed a new record median price in Gisborne, In Auckland that figure is even higher, adding about which recorded a staggering 54.4 per cent year-on-year $190,00 to the average house value of $1.03 million. rise to $440,000 up from $285,000 last May. That’s a $155,000 increase, or $2645 a day. For prospective first time buyers like Nelson mother of two Anastazja Fastier, 38, it’s putting the dream of Median house prices across New Zealand increased by home ownership further out of reach. 3.2 per cent in May to $578,000, up from $560,000 in May 2018 - and are even stronger once Auckland is Fastier said she and her husband had been saving up excluded, increasing by 7.2 per cent to $487,770 up for a deposit to buy their first home for the past six from $455,000 in May last year,. years. CoreLogic said it preferred to use the House Price Index They’ve noticed a major increase in house prices in the as a comparison, because it measures the value past three years in the Nelson region where the average movement of all properties in an area, not only those house price went from $350,000 to over $500,000. that happen to have sold in the month. “We’ve been scratching our heads thinking that maybe if we started saving earlier we would’ve been on the property ladder three years ago.” By that measure the housing market recorded a “slow and steady” rise of 1.8 per cent year on year, but the She said they are searching for the right house, but regions were still outperforming many of the larger noticed that more people are showing up to open centres. Some of that growth is attributed to an exodus homes nowadays. of Aucklanders to cheaper locations. “I think house prices will increase again when spring There are signs, however, that the recent fall in comes around. There’s going to be a mad rush and Auckland property values may have been arrested, panic. with property values up 0.5 per cent in May, according “We may end up having to wait for a few more years to CoreLogic. before we find the right place,” Fastier said. Davidson is more cautious than Treasury on how fast Stricter rules around foreign ownership and loan to and how high prices might rise - but agrees that prices value ratios (LVR) have helped slow growth in recent are more likely to rise than fall. years. “Even if it’s not quite 20 per cent across the mark as a But in this recent Wellbeing Budget, Treasury forecast whole, I still anticipate prices rising to some degree,” a return to large increases over the next four years. Davidson said. There is disagreement among property experts on how “The credit environment isn’t as easy as it has been in far and how fast prices will rise. the past, so there are still hoops people have to jump through to get those mortgages and that would be the reason I’d be a bit cautious,” Davidson said. Page 19
22 DENVER AVENUE House prices nationwide are tipped to soar by 20 per cent over the next four years Article originally appeared on stuff.co.nz on June 16, 2019 “If you’re a first home buyer or would-be first home “For people who are investing, there’s not so much buyer who is currently renting and wants to buy – any competition at the moment,” King said. house price growth is not the greatest for you because it “People are in different situations and the type of means you’ve got to save that bit more of a deposit.” property you buy varies – you have to think about your “If you’re looking at it from a purely financial point of own circumstances and take into account the political view, then the incentive is to get in as fast as you can in environment.” a rising market.” First home buyers are being pushed to the rural However, a house was more than a “financial thing” outskirts of the region by house prices that refuse to and other factors had to be taken into account such as budge, according to data from the Real Estate Institute. budget, location and what felt right for a buyer, he said. Figures released yesterday reveal a 30 percent increase A lot of home owners at the moment were choosing to in first home buyer demand in the Franklin region over sit tight and renovate, rather then trade-up, he said. the last 12 months. Franklin is a predominantly rural “Our expectation is that the market ticks along for a area located at the southernmost edge of Auckland. year or two, not going too far in any direction – not House prices have meanwhile stagnated, with a going down but not going up too strongly.” median price of $860,000 a slight increase of 1.2 Bindi Norwell, chief executive of the Real Estate percent from 12 months ago. Institute of New Zealand (REINZ), said Treasury’s More than 30,000 people have already left Auckland forecast was not unreasonable. for other parts of the country for cheaper housing in the The economy was good and despite it being difficult to four years to 2017. get funding from the bank, interest rates were low, she Economist Benje Patterson said two thirds of the said. exodus were to Northland, Waikato and Bay of Plenty, With Capital gains tax off the table, people were he said after publishing a report on the topic. probably continuing with their purchases, especially Aucklanders heading to the regions caused an increase investors, she said. in property prices in regional New Zealand, but they uying a house was a long term gain so she suggested B would also be spending money and adding to the local people took their time and entered the market when it economy, Patterson said. was right for them. A lot of people moving were young and “industrious” Predicting house prices was extremely difficult, with working years ahead of them, he said. according to Andrew King, executive officer of the New This would keep regional enterprises going in regions Zealand Property Investors’ Federation. where there was an older workforce, he said. There were many variables - with human nature being “There is a net benefit for districts even though there is the biggest. an increase in cost of housing in the short run,” He believed the forecast was on the high side, with Patterson said. properties prices seeming to be stabilising. Patterson encouraged people to not be shortsighted in King did not think people should panic but suggested it their decisions and to think about making a was a good time to get into the market or start looking. “sustainable life choice” instead of just looking at cheaper house prices, he said. Building the Most Liveable Country Page 20
22 DENVER AVENUE A Big Problem We Are Solving... An Opinion by Matthew Horncastle, Managing Director There is a big problem and culture shift across the Western World, but especially strong in New Zealand. This big problem is long term and will take generations to resolve. › People are wanting a lower mortgage, › People want a lower environmental impact so they can invest more in the things › People want to spend less time commuting that stimulate them emotionally, mentally and spiritually › The cost of land and construction continue to rise › We are having smaller families › Trending loneliness, when people › There are more single people want stronger communities › People want higher quality homes › Global population will exceed 11 billion › There is a waiting list of migrants before the end of the Century wanting to move to New Zealand › The Cities are attracting the majority › There is poor quality housing in of population growth existing suburbs that need replacement › People with money, want a better › We have accepted an inefficient return than the Banks offer and standard of housing as the norm tenants want a rental they can afford We feel our homes do an amazing job of helping this big problem and really appreciate our customers for being the solution. Page 21
22 DENVER AVENUE Why Buy in Auckland? What the Property Market Holds in Store for 2019 Article originally appeared on nzherald.co.nz on December 29, 2018 Auckland home buyers need to get in quick - city house Dominick Stephens, chief economist with major bank prices could leap to record highs by this time next year, Westpac, also believes a fall could be coming. one property pundit predicts. He said while there had recently been a small uptick in Infometrics economist Paul Barkle says that while Auckland prices due to buyers having access to record Auckland house prices have stagnated for close to two low interest rates, his team “unambiguously” anticipated years they are set for an almost 10 per cent jump next year this would be temporary. followed by sustained increases through to mid-2022. “Later next year, changing tax policies will impact the Behind the forecast price rise is an acute shortage of market, and we firmly anticipate that house prices will houses. By Barkle’s estimate the city needs at least fall when mortgage rates (eventually) rise,” Stephens said. 45,000 more homes. OneRoof editor Owen Vaughan also believed the greatest But the news is not so rosy for homeowners outside the risk to prices could come from the introduction of new Super City, with national prices poised to ease next year taxes. from current record highs. “The big unknown for Auckland, and the rest of the New “By the end of next year we expect house prices in Zealand, is whether the Government will apply a capital Auckland to be 9 per cent higher than in December 2018 gains tax across the board and remove the current tax compared to a slight decline in national prices of roughly breaks property investors enjoy,” he said. 1 per cent over the same period,” Barkle said. “Both moves could suck the oxygen out of the market.” Should Barkle’s forecast play out, it would push Nick Goodall, head of research for analysts CoreLogic, Auckland property values to new highs. on the other hand, expected prices to gently rise across Last month, the city’s median price reached $867,000 - New Zealand by between 3 to 5 per cent next year. or 3.7 per cent below the record price of $900,000 set in He said Government moves to ban foreign buyers, March 2017, according to the Real Estate Institute of NZ. impose new taxes on home owners and ensure landlords National house prices, meanwhile, are already at record spent money on their properties so they were healthy and highs with a November median price of $575,000. warm for tenants all acted as brakes on house prices. Not all pundits agree with Barkle’s upbeat forecast. However, he tipped these would be offset by continued low interest rates in 2019, a slight loosening on lending Devon Funds managing director Slade Robertson said criteria allowing banks to more easily approve home New Zealand’s housing market was due for a fall, with the loans and Auckland’s continued undersupply of housing. real question being: ‘Will it be a crash or a correction?’ The key thing to watch would be whether new He said strong economic growth since the Global Government taxes and regulations drove property Financial Crisis had been driven by central banks investors out of the housing market or not, he said. cutting interest rates and printing money. James Wilson, valuation director for analysts Valocity, This access to cheaper loans helped send house prices echoed this sentiment, saying he expected Auckland skyrocketing in many Western countries, including property values to remain subdued in 2019. New Zealand where Kiwis have become so heavily mortgaged that they labour under a household debt to “Overall value growth will be in line with what we saw in income ratio of 166 per cent. 2018 - between 1 per cent and 2 per cent,” he said. Robertson noted that the growth cycle had turned in “However, we may see more growth in fringe suburbs and Sydney, Melbourne, London, New York and Vancouver in certain sub-markets, such as flats and apartments, where property prices were falling. which are comparatively more affordable than other property types.” If this sag in investor confidence hit New Zealand and combined with rising interest rates, then the housing market could take a slump as Kiwi families falter under their high debt loads, he said. Building the Most Liveable Country Page 22
22 DENVER AVENUE Williams Corporation Warranty and Maintenance On all new homes that Williams Corporation payments, the deposit is held in a Solicitor’s trust build, we offer a 1 year defects period and a account and our customers have a final inspection 10 year structural warranty, pursuant with the before settlement, the Master Build Guarantee was Building Act. Williams Corporation is a company not the right structure for our business. that will be around for a very long time, with How do I get my maintenance completed? large amounts of capital and assets being held Make direct contact with any of the companies in our development entity. We make a promise mentioned in your Warranty and Maintenance to our customers that we only buy reputable Book. The Book is designed for you to be brands from reputable suppliers, who carry able to easily complete any maintenance. their own strong warranties. Alternatively, you may contact Williams When you purchase a property, you will be Corporation at any time-details below. For the first given a Warranty and Maintenance Book. year we will correct any defects, plus the property This Book details and explains all the products is covered under a 10 year structural warranty. and systems involved in building your property Further details about this Warranty can be found and what warranty they carry e.g. roofing has in your Agreement for Sale and Purchase. up to a 30 year warranty, Hebel cladding has Phone: +64 3 260 0604 up to a 20 year warranty and outdoor handles Email: office@williamscorporation.co.nz have up to a 10 year warranty. We know you’ll be happy with the systems we Why do Williams Corporation not use a have put in place because we appreciate all our Master Build Guarantee? customers. We’ve previously been involved with Master Build and although we acknowledge it has some fantastic points, it is more designed for the build contract market. As we do not take progress Page 23
22 DENVER AVENUE The Differences Between a Residents Agreement and a Body Corporate (for information purposes only) Residents Agreement Body Corporate Townhouses, on Fee Simple Titles, are a safer Apartments, are titled as Unit Titles and and better long term ownership/investment, by law, require a Body Corporate Management when there is a Residents Agreement in place. Agreement. Reasons to have a Residents Agreement Purposes of a Body Corporate Insurance: The Residents Agreement ensures Insurance: The Body Corporate is responsible there is an insurance policy in place for each for the insurance of the building, as well as any home, each year. There can be significant common areas. savings by getting the homes insured through the same Insurance Broker/Company. Future Maintenance: The common areas include the maintenance and repair of Future Maintenance: The Residents walkways, access areas, fences, gardens and Agreement’s purpose is to ensure any common sometimes rubbish collection and sometimes areas are maintained and repaired, to protect access lighting. Other areas of maintenance are the value of the homes throughout their life. visual areas such as walls and roof of the The common areas can include walkways, building and sometimes retaining walls. access areas, fences, gardens and sometimes rubbish bins. The Residents Agreement details Compliance: Compliance is required for the each owner’s obligations in relation to any building, such as access and fire compliance retaining walls and building elements. requirements. Benefits of a Residents Agreement Benefits of a Body Corporate A structure is set up, in advance, to control A structure is set up, in advance, to control the the insurance and future maintenance of the management of the insurance and any common common areas and visual areas. Funds are areas and for visual areas such as cladding of put aside, in advance, to pay for these. buildings. Funds are put aside, in advance, to pay for these. How does a Residents Agreement Work? The Residents Agreement states what How does a Body Corporate Work? is to be done. The rules are stated in a Body Corporate Agreement. The Residents Agreement requires a common account to hold any funds for The Body Corporate annual costs are shown in future repair and maintenance of any the Body Corporate Agreement. common areas. The Residents generally meet on an annual The residents vote, using a majority vote, basis and can vote and agree to use a different at an annual meeting of the residents. Body Corporate management. Residents can also vote on the matters that affect them. Building the Most Liveable Country Page 24
22 DENVER AVENUE How to Purchase a Property from Williams Corporation Williams Corporation is extremely fast growing because of our honesty and integrity, plus our very simple process to purchase our properties, which is detailed below: 1 Contact your Sales Agent or a member of the Williams Corporation Team to confirm availability of the specific property. 2 Once you have selected a specific property, you are then provided with an Agreement for Sale and Purchase of Real Estate (“Agreement”) (this is the approved Real Estate Institute of New Zealand and Auckland District Law Society form of Agreement used when purchasing residential property in New Zealand) and guided through the signing process. 3 Once all parties have signed the Agreement, you then have 10 working days to conduct any due diligence and obtain finance. During the 10 working days, you need to correspond and obtain advice from your lawyer, accountant, property manager etc regarding the proposed purchase. If any queries arise, Williams Corporation are here to assist you. Just let us know the information - you’ll be surprised by all the ways we can help. If you are not satisfied, you may cancel the Agreement, for whatever reason, with no questions asked. 4 If you are satisfied, the Agreement is confirmed, then the required deposit becomes due and payable. 5 Once the property is completed and settled, Williams Corporation will be proud to provide you with your new property. Page 25
22 DENVER AVENUE With Limited Options Available, Make Sure You Enquire Today Christchurch Office Auckland Office Level 3, 79 Lichfield Street, Level 3, 12 Viaduct Harbour Avenue, City Centre, Christchurch 8011 Auckland Central, Auckland 1010 Phone 03 260 0604 Contact one of our Property Consultants Stephen Pike +64 27 524 5002 Greg Freeman +64 21 220 9290 stephen@williamscorporation.co.nz greg@williamscorporation.co.nz Matt Withington +64 27 496 6524 Maxine Thomas +64 21 990 252 matt.withington@williamscorporation.co.nz maxine@williamscorporation.co.nz Mitchell Podmore +64 27 911 9769 Dee Bull +64 27 435 7109 mitchell@williamscorporation.co.nz dee@williamscorporation.co.nz Sharaine Barrett +64 22 621 0949 Scottie Muirson +64 27 726 8843 sharaine@williamscorporation.co.nz scottie@williamscorporation.co.nz Ben Cloake +64 21 087 87227 Carl da Costa +64 21 807 771 ben@williamscorporation.co.nz carl.dacosta@williamscorporation.co.nz Mandi Ussher +64 22 621 5758 Hannah Turner +64 21 377 189 mandi@williamscorporation.co.nz hannah@williamscorporation.co.nz Henri Loader +64 27 327 5159 henri.loader@williamscorporation.co.nz Find us on online facebook.com/WilliamsCorporation williamscorporation.co.nz Building the Most Liveable Country Page 26
22 DENVER AVENUE Testimonials Reviews taken from Google. The game changers. Making I have dealt with Matthew and As a supplier to the Williams likely the biggest positive impact Blair on different occasions Corp team we have found them in the housing sector in NZ. and have found them very great to work with! Love what Well done. With their amazing approachable and down to earth. they are doing to our city, they quality at the most affordable I strongly believe in their vision are helping to make the city level, delivered in a straight up, in building Christchurch a very better than it ever was. They use no nonsense manner, it’s not affordable place for home buyers. high quality products and are surprising. You can’t go The quality of their build is very always striving to find new wrong. 5 stars++. solid, design is quite modern and products and innovative ways to I will personally recommend build better homes but also — Steve Rolston anyone to buy a property working hard to keep the price through them. affordable. Well done team. — Nathan Miglani — Nathan Moore Truly a world class organization. I have Always found this A property development Their loyalty to their craft, company to conduct themselves company that captures all levels artistry, Market knowledge, skill, and build their properties to a of generations and provides and customer service is second to very high standard. They make a unique innovative design of none. I’ve done a lot of Business priority in making sure both their central city accommodation. internationally with many housing and customer service is The 2 Masterminds behind this different companies and I the optimum. Great people that are Matt and Blair, who have couldn’t speak more highly of go above and beyond and so very great passion in living in the Matt/Blair and the team at personable as well. Christchurch city CBD. With Williams Corp. some anchor projects finishing, — Yvonne Wallis their projects are likely to prosper — Marcus Frisby and re-breathe new lives into the Garden City. — Pleayo Tovaranonte Great team, great product, great Recently attended a public Great team to work for, love passion. Their amazing success is presentation by Matthew and seeing what they’re doing around not an accident and they deserve Blair. A couple of young guys Christchurch. Exceptional to do really well. Keep it up. with a great vision. They spoke businessmen that really know from the heart and shared what works. And love to get — John Lodge personal highs and lows. behind a good cause too! Thanks Insightful to understand their for your sponsorship of our team view point - very impressed. in the 2019 Relay for Life, raising money for Cancer Society. — Craig Haywood — Zoe Robertson Page 27
22 DENVER AVENUE Here’s How New Zealanders Get Rich Article originally appeared on stuff.co.nz on February 26, 2019 Property investment is probably the closest anyone can get to He said many people felt there was more domestic control a legitimate “get rich quick” scheme. over housing than other forms of investment, such as buying It’s generally not all that quick to begin with, but once the shares. returns start rolling, investors increase their net worth at “Housing is driven by local construction, bank lending and speed. the like, whereas stock markets can shift based on sentiment Success often goes something like this: You save a deposit to and a critical news story.” buy an investment property (or use the equity in your own Olsen said the stock market crash of 1987 had influenced a home). You ride the wave as property values rise and give you generation of New Zealanders away from shares. more equity, or you renovate and add value to the place “They were uninformed about shares then and made bad yourself. investment decisions, are still uninformed about shares, but You then use the equity in that property to buy another, then feel that they understand property much better, or at least feel possibly another. they have better information or control over their There are risks, of course. The market could tank and you investment.” could be left holding houses that are worth less than the But investor Graeme Fowler, author of 20 Rental Properties in mortgages you owe against them. You might have dodgy One Year, cautioned there was a lot to learn about investing. tenants trash the place. “There are a lot of potential things that can go wrong. If you But it’s the main way that most New Zealanders get from look at any product, service, industry, there are people that “average” to “pretty well-off, thanks for asking”. become multimillionaires through it and also those that don’t do well or even lose everything.” Of the top 20 people on New Zealand’s rich list, almost half built their wealth through property investment. WEALTH CREATION Among them is Sir Michael Friedlander, worth $1.85 billion Mortgage adviser Glen McLeod, of Edge Mortgages, said there with an “empire of office buildings, retail strips and industrial was a “direct correlation” between property investment and properties,” according to the Rich List. wealth creation. Even Rod Duke, who is better known for his investment in “The wise investor tends to know when to purchase and retail business Briscoe Group, owns $50 million of residential collect property. They also know when to develop and sell to and commercial property. continue to be able to grow the portfolio. Not every investor understands what is required to build wealth. WHY? “I believe that property has been for a long time the best way Property is such an effective route to wealth because to build wealth. When the market has dips and recedes, the you don’t always have to have a lot of money to start off with. investor can ride it out with time and continue to grow the Unlike shares, which you generally buy outright, asset value.” you can borrow a significant amount against a property. He said the most important thing was to reduce debt and have That leverage brings risk - if you had a 10 per cent deposit strong cash flow to enable the portfolio to continue to grow. and prices fell 10 per cent, your money would be wiped out. But it also amplifies gains. If you had bought a median-priced WOULD A CGT CHANGE ANYTHING? Auckland house in 2012 with a 10 per cent deposit, you’d have McLeod said he was unconvinced that a capital gains tax, as turned that $55,000 deposit into $300,000-odd of equity. recommended by the Tax Working Group, would mean any Economist Brad Olsen, of Infometrics, said people who hit fundamental change. major financial success usually did so via property or a “It may just be a mindset change, and realising that paying successful business. But starting a business is less accessible tax on profit would now be part of the state rug. If losses are to most. ring-fenced to the company that may yet offset any tax “A small business is also a lot more intensive in terms of liability faced. I’m personally not a fan of CGT. I feel that if a workload - you have to continue to innovate, otherwise New Zealander works hard to get ahead and builds wealth by you’ll be left behind or a competitor will muscle you out, working hard and taking a risk to invest in property and uses and to be fair you also need a dose of luck with business their income to reduce debt and see their capital value grow generally. Whereas with housing you can simply just sit then those are the perks of working hard.” there and watch it increase in value - in a growth market - Olsen said it should not be assumed a lack of capital gains tax after you’ve invested. was what had fuelled investment in property. “The effort to reward ratio is a lot lower for housing, “Investing in property in New Zealand is often seen as a final so it’s simpler to invest and make good returns for nest egg people can invest in. It’s viewed as more secure.” limited effort compared to small business.” Building the Most Liveable Country Page 28
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