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80 Awaroa Road Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses

Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

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Page 1: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

80 Awaroa RoadSunnyvale, Auckland

Building the Most Liveable Country

1 & 2 Bedroom Townhouses

Page 2: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

Page 2

80 AWAROA ROAD

Our townhouses, located on fee simple titles,

are the most popular products our company

has created. With several projects selling

down in record timeframe, we are excited

to be releasing 80 Awaroa Road.

Elegant outer-city living.

80 Awaroa RoadSunnyvale, Auckland

1 & 2 Bedroom Townhouses

Contents

Design Page 3

Location Page 4

Floor Plans Page 5

Specifications and Internal Colours Page 6

About Williams Corporation Page 7

Meet the Team Page 8

How we Build Homes Better Pages 9–10

Build Specifications and Chattels List Pages 11–12

Landscape Plan Page 13

Price List Page 14

Valuation Pages 15–16

Survey Plan Page 17

Summaries of a Residents Agreement Page 18 and a Body Corporate

Proposal for Administrative Services Pages 19–22

Rent Appraisals Pages 23–24

Why buy in Auckland? Pages 25–27

Testimonials Page 28

Contact Us Page 29

Page 3: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Page 3

80 AWAROA ROAD

De

sig

n

80 Awaroa Road

We are very proud of the design appeal of this

development. With designer series mixture of

woodgrain wenge natural, smooth cream and grey

urban panelling, extensive landscaping and elegant

pergolas identifying the formal entrance way.

This simple but tasteful design is market leading

with townhouse construction, resulting in a

highly appealing visual aspect, while maintaining

extreme functionality and low maintenance.

Page 4: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

Page 4

80 AWAROA ROAD

Located on Awaroa Road in Sunnyvale, these

Townhouses are perfectly positioned for

trains, buses and motorway connections and

are walking distance to local shops, cafés,

other amenities. There is no doubt that finding

new homes at an affordable price point is

getting increasingly harder as the Auckland

population grows.

What’s nearby?

Parrs Park 1km

Pak ‘N’ Save Henderson 2.7km

Auckland Central 13km

80

Lo

ca

tion

1

2

3

1

2

3

Page 5: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Page 5

80 AWAROA ROAD

Ground Floor

First Floor (2 bedroom)

Flo

or P

lan

s

The open plan nature of the kitchen,

living and dining provides everything

you need for comfortable living. Our

extremely functional kitchen will

impress you with a separate laundry

storage space under the stairs.

Upstairs is either 1 or 2 full size

bedroom/s and bathroom with a

very large built in wardrobe/s in

the bedroom/s.

Outside is your own low maintenance,

private courtyard with ample space for

a barbecue, table and chairs. The outdoor

area also includes a storage shed along

with an outdoor power supply.

Page 6: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

Page 6

80 AWAROA ROAD

Quality is paramount in our homes and

only the best products are going into

the construction and fit out of our

developments. Starting with an engineered

gravel base and concrete raft foundation,

then laminated veneer framing, coupled with

double glazed windows, solid air barriers,

compression proof polyester insulation and

aerated concrete intertenancy walls.

Finishing with European tiles, washable

paint and upgraded magnesium oxide

flooring, giving the first floor that concrete

feel. All our products are purchased from

large industry leading companies, to ensure

reliability and quality.

Sp

ec

ifica

tion

sImages used throughout this Information Pack are indicative only.

Tiles Carpet Kitchen Cabinetry

Kitchen Bench

Splashback Ceiling / Trim / Doors /

Walls

Blinds

All townhouses are painted in beautiful

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.

Inte

rna

l C

olo

urs

Page 7: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Page 7

80 AWAROA ROAD

Williams Corporation do property development and

investment in Auckland and Christchurch. Our well-built

townhouses and apartments are the future of New Zealand

housing and a desirable solution to the housing crisis.

Williams Corporation see both Auckland and Christchurch

as world class cities with exceptional value moving forward.

We are committed to building Auckland and Christchurch

into the most liveable cities. Meet our team below and reach

out to discuss your next property investment.

Ab

ou

t Willia

ms

C

orp

ora

tion

Page 8: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

Page 8

80 AWAROA ROAD

Me

et

the

tea

m

Blair is responsible for product and

contractor procurement, pricing,

site management along with building

consents. As a qualified business

analyst and having been in the

construction industry for over

7 years, Blair loves everything about

development, including watching a

development go from an idea on a set

of plans to a finished product, complete

with home owners and tenants.

Matthew manages, on a daily basis,

land acquisition, development design,

resource consents, development

sales, marketing and finance.

Matthew is a qualified builder and

has been in the construction industry

for over 9 years. Matthew is extremely

high energy and passionate about

Williams Corporation’s purpose to

build Auckland and Christchurch

into the most liveable cities.

As a licensed builder, experienced

new-home consultant, homeowner

and property investor, Matt brings a

wealth of technical know-how to the

Williams Corporation team. Matt has

a trusted reputation, built on positive

communication and assists customers

with options that will perform best now

and into the future. Matt genuinely loves

talking about property and is passionate

about helping people achieve their goals.

Greg has 11 years of relevant

experience and proven history in

directing and selling investment

property, helping over 1000 clients

from around New Zealand. Greg loves

helping others to achieve their dreams

and believes with having the right

advice, plus the correct structures

implemented, these factors are key

to making this happen.

Stephen has over 15 years experience

in property sales and has helped over

1000 customers either invest or own

residential real estate. Stephen’s

professional approach and strong

knowledge of market opportunities,

ensures that his customers get the

best advice and information to

enable a sound decision is made.

Achieving financial security for his

customers is of utmost importance.

Blair Chappell

Matthew Horncastle

Matt Withington

Greg Freeman

Stephen Pike

Managing DirectorManaging Director

Sales Consultant

Kathryn has a 32 year career in

construction. Kathryn overviews

the company finances and cashflow

position and is responsible for company

systems, processes, controls and

oversees legal and technical documents.

Kathryn has a Bachelor of Agricultural

Science Degree, including business

subjects. Kathryn creates the vision,

along with Matthew and Blair and forms

highly skilled teams to deliver the

outcomes ethically.

Maxine has over 10 years experience

in property investment, including

acting as a buyer’s agent sourcing

suitable property, enabling others to

grow their wealth. Prior to property,

Maxine travelled the world as a Flight

Service Manager. Maxine is extremely

passionate about people and property

and gets immense satisfaction

combining the two together to

achieve exceptional results.

Scott manages all the finances

including creditors, purchase orders,

payments, office administration and

IRD compliance. As a qualified

Accountant, Scott has had extensive

experience in the construction

industry, having prior roles with both

main contractors and suppliers. In

previous lives, Scott worked as a Market

Gardener and High School Teacher.

Hannah is responsible for client

relationships, assisting sales and

general enquiries. As a recent

University graduate with a Bachelor

of Arts, Hannah contributes a high

level of literacy and communication

to the team. Hannah is passionate

about helping people gain a firm

foothold on the property ladder and

ensuring customer satisfaction

remains a priority and a point of

difference for Williams Corporation.

Kathryn Marshall

Maxine Thomas

Scott Barclay

Hannah Turner

General Manager

Sales Consultant

Group Accountant

Customer Relations Manager

Sales Consultant

Sales Consultant

Page 9: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

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80 AWAROA ROAD

9

7

8

6

5

4

3

2

1

How we build homes better

Page 10: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

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80 AWAROA ROAD

How we build homes better

1

4

7

2

5

8 9

3

6

Gravel Raft

Soils are stripped down and replaced with compacted gravel, the entire process is signed off and overseen by an engineer. A gravel raft provides a stable platform and strengthens the ground under your home.

Engineered Slab

Constructed on top of the gravel raft an engineered slab provides the benefits of the concrete foundation sitting on the ground instead of in it. Constructed with concrete, steel and polystyrene pods, with the process being signed off by an engineer.

LVL Frames

LVL stands for laminated veneer lumber, LVL timber is dimensionally accurate, straighter and meets or exceeds equivalent stress tests when compared to standard SG8 and SG10 pine framing.

Plywood Flooring

Manufactured from sustainably grown New Zealand Pine, plywood flooring has improved structural benefits when compared with particle board flooring and feels fantastic to walk on.

Insulation

With warm dry homes being paramount for our construction methodology, we use a R3.6 ceiling batt with an R2.2 ceiling blanket on top, providing nearly double the building code requirements. For the external walls, we use a R2.6 wall batt to achieve 30% over building code requirements. With a 70 year product warranty and being owned by CSR Group, we have partnered with Bradfold Gold to provide this industry leading insulation solution.

Hebel Intertenancy Wall

Hebel Powerpanel XL is made out of aerated concrete and provides fantastic acoustic and fire resistant properties. This ensures the product separating you from your neighbours is of the highest quality in the market place. Because the Hebel sits between the timber framing you have full use of the intertenancy wall in your home without comprising your fire and acoustic rating.

Solid Air Barrier

It is no surprise that the building code requires a solid air barrier in extra high wind zones, when compared to building paper a solid air barrier offers a more robust cavity and extra structural bracing on the home.

LVL I-Joists

Manufactured from sustainably grown New Zealand Pine, LVL I-joists are half the weight of conventional softwood joists and are straight, uniform and dimensionally stable. This provides a lighter, stronger midfloor that has less chance of long term deflection.

Safe Building Envelope

All of our homes have longevity in mind, we do not use internal gutters, flat roofs or other high risk design elements. We use leading products both on the walls and behind them to create a low maintenance home that will last the test of time.

Page 11: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

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80 AWAROA ROAD

General Specifications

Interior Lining

Kitchen

Bathroom

Internal Doors Paint finish flush panel MDF doors Gib sliders to robes

Entry Door Latitude panel

Hardware Miles Nelson S Range

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 Mixture of Designer Series panelling

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

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 & Paykel built in Power Pack

Washer/Dryer Fisher and Paykel Washer/Dryer (1 bedroom units only)

Laundry Super Tub (2 bedroom units only)

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

Build SpecificationsSpecifications, Colour Schedule and Chattels List

Page 12: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

Page 12

80 AWAROA ROAD

Internal Colours

External

Tiles European off white tile

Carpet Virga Cloud

Kitchen Cabinetry Bestwood Dusky Elm

Kitchen Bench Engineered Marbello Snowdrop

Splashback Clear glass

Ceiling/Trim/Doors/Walls Resene Half Black White

Blinds Black block out blinds

Exterior Cladding Mixture of woodgrain wenge natural,

smooth cream and grey urban panelling

Roof, Fascia, Gutter, Downpipe colour Ebony

Soffits Resene Half Black White

External Joinery and Front Door Ebony

Build SpecificationsSpecifications, Colour Schedule and Chattels List

Chattels List

Letter box

Clothes line

Garden/bike shed

Blinds

Cook top

Range hood

Dish draw

Fixed floor coverings

Light fittings

Heat pump and remote

Bathroom heater

Towel rail

Mirrors above vanity

Wardrobe joinery

T.V. antenna

Washer dryer combo (1 bedroom units only)

Super Tub (2 bedroom units only)

Smoke alarm/s pursuant to Building Code requirements

Page 13: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Page 13

80 AWAROA ROAD

Landscape Plan

Page 14: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

Page 14

80 AWAROA ROAD

Price List

Unit Number Number of Bedrooms

Number of Carparks

Internal and Outdoor

Measurements

Site Measurements

Price

Unit 1 2 1 76.42m2 (internal)

47.08m2 (outdoor) 88m2 $625,000

Unit 2 1 057.72m2 (internal)

22.45m2 (outdoor)56m2 $450,000

Unit 3 2 1 70.00m2 (internal)

20.67m2 (outdoor)

74m2 (66m2 net)

$610,000

Unit 4 2 170.00m2 (internal)

28.46m2 (outdoor)

100m2 (89m2 net)

$620,000

Unit 5 2 1 70.00m2 (internal)

28.46m2 (outdoor)

100m2 (89m2 net)

$620,000

Unit 6 2 170.00m2 (internal)

40.01m2 (outdoor)135m2 $630,000

Page 15: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

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80 AWAROA ROAD

Valuation

Page 16: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

Building the Most Liveable Country

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80 AWAROA ROAD

Valuation

Page 17: Sunnyvale, Auckland - Williams Corporation · Sunnyvale, Auckland Building the Most Liveable Country 1 & 2 Bedroom Townhouses. Building the Most Liveable Country Page 2 80 AWAROA

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80 AWAROA ROAD

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Summaries of a Residents Agreement and a Body Corporate

Summary of a Residents Agreement

Townhouses, on fee simple titles, are a safer and better long term ownership/investment, when there is a Residents Agreement in place.

Reasons to have a Residents Agreement

Insurance: The Residents Agreement ensures there is an insurance policy in place for each home, each year. There can be significant savings by getting the homes insured through the same Insurance Broker/Company.

Future Maintenance: The Residents Agreement’s purpose is also to ensure any common areas are maintained and repaired, to protect the value of the homes throughout their life. The common areas include any walkways, access areas, fences, gardens, walls and roof of the buildings, lighting and retaining walls. Does this section allow for the inclusion of building elements and internal retaining walls-these are detailed in the table attached to the Encumbrance-just checking.

Benefits of a Residents Agreement

A structure is set up, in advance, to control the insurance and the future maintenance of the common areas. Funds are put aside, in advance, to pay for these.

How does a Residents Agreement Work

The Residents Agreement states what is to be done.

The Residents Agreement requires a common account to hold any funds for future repair of any common areas.

The residents vote, using a majority vote, at an annual meeting of the residents.

Summary of a Body Corporate

Apartments, are titled as unit titles and by law, require a Body Corporate Management Agreement.

Purposes of a Body Corporate

Insurance: The Body Corporate is responsible for the insurance of the building, as well as any common areas.

Future Maintenance: The common areas include the maintenance and repair of any walkways, access areas, fences, gardens, walls and roof of the building, rubbish collection, lighting and retaining walls.

Compliance: Compliance is required for the building, such as access and fire compliance requirements.

Benefits of a Body Corporate

A structure is set up, in advance, to control the management of the insurance and any common areas. Funds are put aside, in advance, to pay for these.

How does a Body Corporate Work

The rules are stated in a Body Corporate Agreement.

The Body Corporate annual costs are shown in the Body Corporate Agreement.

The Residents generally meet on an annual basis, and can vote and agree to use a different Body Corporate management. Residents can also vote on the matters that affect them.

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Proposal for Administrative Services

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Proposal for Administrative Services

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Proposal for Administrative Services

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Proposal for Administrative Services

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Rent Appraisal

Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546

Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz

Rental appraisal

Property address: Units 1 and 3-6 – 80 Awaroa Road

Suburb: Sunnyvale – Auckland

Bedrooms in main dwelling: 2

Bathrooms: 1

Sleep out / Rumpus rooms: N/A

Garaging: One outdoor parking space provided per unit

except for unit 2

Main Features: Brand new modern units offering tenants

luxuries not seen in typical older homes. We like

the open plan, warmth and layout. Great area

close to all amenities

Road front / down a drive: Common access and road front

Current state of property:

Off plan to be constructed

Proposed renovation (if any)

Appraised rent range: $495 - $525 per week (approx.) unfurnished

$530 - $560 per week (approx.) furnished

Kind regards,

Anyos Gonczy (B.Bus)

Director

0212722073 - [email protected] DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the

information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal

liability for same.

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Rent Appraisal

Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546

Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz

Rental appraisal

Property address: Unit 2 – 80 Awaroa Road

Suburb: Sunnyvale – Auckland

Bedrooms in main dwelling: 1

Bathrooms: 1

Sleep out / Rumpus rooms: N/A

Garaging: Off street parking

Main Features: Brand new modern unit offering tenants

luxuries not seen in typical older homes. We like

the open plan, warmth and layout. Great area

close to all amenities

Road front / down a drive: Common access and road front

Current state of property:

Off plan to be constructed

Proposed renovation (if any)

Appraised rent range: $445 - $475 per week (approx.) unfurnished

$480 - $510 per week (approx.) furnished

Kind regards,

Anyos Gonczy (B.Bus)

Director

0212722073 - [email protected] DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the

information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal

liability for same.

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Here’s how New Zealanders get rich.

Why buy in Auckland?

Property investment is probably the closest anyone can get to

a legitimate “get rich quick” scheme.

It’s generally not all that quick to begin with, but once the

returns start rolling, investors increase their net worth at

speed.

Success often goes something like this: You save a deposit to

buy an investment property (or use the equity in your own

home). You ride the wave as property values rise and give you

more equity, or you renovate and add value to the place

yourself.

You then use the equity in that property to buy another, then

possibly another.

There are risks, of course. The market could tank and you

could be left holding houses that are worth less than the

mortgages you owe against them. You might have dodgy

tenants trash the place.

But it’s the main way that most New Zealanders get from

“average” to “pretty well-off, thanks for asking”.

Of the top 20 people on New Zealand’s rich list, almost half

built their wealth through property investment.

Among them is Sir Michael Friedlander, worth $1.85 billion

with an “empire of office buildings, retail strips and industrial

properties,” according to the Rich List.

Even Rod Duke, who is better known for his investment in

retail business Briscoe Group, owns $50 million of residential

and commercial property.

WHY?

Property is such an effective route to wealth because

you don’t always have to have a lot of money to start off with.

Unlike shares, which you generally buy outright,

you can borrow a significant amount against a property.

That leverage brings risk - if you had a 10 per cent deposit

and prices fell 10 per cent, your money would be wiped out.

But it also amplifies gains. If you had bought a median-priced

Auckland house in 2012 with a 10 per cent deposit, you’d have

turned that $55,000 deposit into $300,000-odd of equity.

Economist Brad Olsen, of Infometrics, said people who hit

major financial success usually did so via property or a

successful business. But starting a business is less accessible

to most.

“A small business is also a lot more intensive in terms of

workload - you have to continue to innovate, otherwise

you’ll be left behind or a competitor will muscle you out,

and to be fair you also need a dose of luck with business

generally. Whereas with housing you can simply just sit

there and watch it increase in value - in a growth market -

after you’ve invested.

“The effort to reward ratio is a lot lower for housing,

so it’s simpler to invest and make good returns for

limited effort compared to small business.”

He said many people felt there was more domestic control

over housing than other forms of investment, such as buying

shares.

“Housing is driven by local construction, bank lending and

the like, whereas stock markets can shift based on sentiment

and a critical news story.”

Olsen said the stock market crash of 1987 had influenced a

generation of New Zealanders away from shares.

“They were uninformed about shares then and made bad

investment decisions, are still uninformed about shares, but

feel that they understand property much better, or at least feel

they have better information or control over their

investment.”

But investor Graeme Fowler, author of 20 Rental Properties in

One Year, cautioned there was a lot to learn about investing.

“There are a lot of potential things that can go wrong. If you

look at any product, service, industry, there are people that

become multimillionaires through it and also those that don’t

do well or even lose everything.”

WEALTH CREATION

Mortgage adviser Glen McLeod, of Edge Mortgages, said there

was a “direct corrWelation” between property investment and

wealth creation.

“The wise investor tends to know when to purchase and

collect property. They also know when to develop and sell to

continue to be able to grow the portfolio. Not every investor

understands what is required to build wealth.

“I believe that property has been for a long time the best way

to build wealth. When the market has dips and recedes, the

investor can ride it out with time and continue to grow the

asset value.”

He said the most important thing was to reduce debt and have

strong cash flow to enable the portfolio to continue to grow.

WOULD A CGT CHANGE ANYTHING?

McLeod said he was unconvinced that a capital gains tax, as

recommended by the Tax Working Group, would mean any

fundamental change.

“It may just be a mindset change, and realising that paying

tax on profit would now be part of the state rug. If losses are

ring-fenced to the company that may yet offset any tax

liability faced. I’m personally not a fan of CGT. I feel that if a

New Zealander works hard to get ahead and builds wealth by

working hard and taking a risk to invest in property and uses

their income to reduce debt and see their capital value grow

then those are the perks of working hard.”

Olsen said it should not be assumed a lack of capital gains tax

was what had fuelled investment in property.

“Investing in property in New Zealand is often seen as a final

nest egg people can invest in. It’s viewed as more secure.”

Article originally appeared on stuff.co.nz on February 26, 2019

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What the property market holds in store for 2019.

Why buy in Auckland?

Auckland home buyers need to get in quick - city house

prices could leap to record highs by this time next year,

one property pundit predicts.

Infometrics economist Paul Barkle says that while

Auckland house prices have stagnated for close to two

years they are set for an almost 10 per cent jump next year

followed by sustained increases through to mid-2022.

Behind the forecast price rise is an acute shortage of

houses. By Barkle’s estimate the city needs at least

45,000 more homes.

But the news is not so rosy for homeowners outside the

Super City, with national prices poised to ease next year

from current record highs.

“By the end of next year we expect house prices in

Auckland to be 9 per cent higher than in December 2018

compared to a slight decline in national prices of roughly

1 per cent over the same period,” Barkle said.

Should Barkle’s forecast play out, it would push

Auckland property values to new highs.

Last month, the city’s median price reached $867,000 -

or 3.7 per cent below the record price of $900,000 set in

March 2017, according to the Real Estate Institute of NZ.

National house prices, meanwhile, are already at record

highs with a November median price of $575,000.

Not all pundits agree with Barkle’s upbeat forecast.

Devon Funds managing director Slade Robertson said

New Zealand’s housing market was due for a fall, with the

real question being: ‘Will it be a crash or a correction?’

He said strong economic growth since the Global

Financial Crisis had been driven by central banks

cutting interest rates and printing money.

This access to cheaper loans helped send house prices

skyrocketing in many Western countries, including

New Zealand where Kiwis have become so heavily

mortgaged that they labour under a household debt to

income ratio of 166 per cent.

Robertson noted that the growth cycle had turned in

Sydney, Melbourne, London, New York and Vancouver

where property prices were falling.

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.

Dominick Stephens, chief economist with major bank

Westpac, also believes a fall could be coming.

He said while there had recently been a small uptick in

Auckland prices due to buyers having access to record

low interest rates, his team “unambiguously” anticipated

this would be temporary.

“Later next year, changing tax policies will impact the

market, and we firmly anticipate that house prices will

fall when mortgage rates (eventually) rise,” Stephens said.

OneRoof editor Owen Vaughan also believed the greatest

risk to prices could come from the introduction of new

taxes.

“The big unknown for Auckland, and the rest of the New

Zealand, is whether the Government will apply a capital

gains tax across the board and remove the current tax

breaks property investors enjoy,” he said.

“Both moves could suck the oxygen out of the market.”

Nick Goodall, head of research for analysts CoreLogic,

on the other hand, expected prices to gently rise across

New Zealand by between 3 to 5 per cent next year.

He said Government moves to ban foreign buyers,

impose new taxes on home owners and ensure landlords

spent money on their properties so they were healthy and

warm for tenants all acted as brakes on house prices.

However, he tipped these would be offset by continued

low interest rates in 2019, a slight loosening on lending

criteria allowing banks to more easily approve home

loans and Auckland’s continued undersupply of housing.

The key thing to watch would be whether new

Government taxes and regulations drove property

investors out of the housing market or not, he said.

James Wilson, valuation director for analysts Valocity,

echoed this sentiment, saying he expected Auckland

property values to remain subdued in 2019.

“Overall value growth will be in line with what we saw in

2018 - between 1 per cent and 2 per cent,” he said.

“However, we may see more growth in fringe suburbs and

in certain sub-markets, such as flats and apartments,

which are comparatively more affordable than other

property types.”

Article originally appeared on nzherald.co.nz on December 29, 2018

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Population fast approaching five million this year.

Why buy in Auckland?

New Zealand’s population could hit five million

by the end of the year.

At the moment, according to the Stats NZ population

clock, the number is closing in on 4,934,000.

Stats NZ senior demographer Kim Dunstan said

given current trends, New Zealand’s population

could reach the five million milestone by the end

of 2019, or early 2020.

Based on forecasts around births, deaths and net

migration, Stats NZ estimates that the country’s

population increases by one person every five

minutes and 26 seconds.

The 4,000,000 milestone was reached back in 2003,

but Mr Dunstan said that over the last few years, the

population has grown particularly quickly.

In the year ending September 2018 the population

had grown by 90,000, he said, but net migration was

trending down and the population estimates would

be revised once the final Census results were out.

“There are these year-to-year fluctuations in the

components of population growth, so in the last year

our population grew at 1.9 percent, but it was only as

far back as 2012 that the population grew at 0.5

percent over the year.

“It was growing as fast as 2.1 percent in 2016 and 2017.”

However, when overseas visitor numbers are taken

into account, in a measure of how many people are

physically in the country at a particular point in time,

Mr Dunstan said the five million mark has probably

already been hit.

“In the summer months, that is when we have

relatively high numbers of visitors from overseas and

relatively few New Zealanders overseas, hence the

number of people physically in New Zealand tends to

peak in those summer months.”

New Zealand’s population reached one million in

1908. The second million was reached in 1952.

The population hit three million in 1973 and four

million in 2003.

Article originally appeared on radionz.co.nz on January 10, 2019

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Testimonials

The game changers. Making

likely the biggest positive impact

in the housing sector in NZ.

Well done. With their amazing

quality at the most affordable

level, delivered in a straight up,

no nonsense manner, it’s not

surprising. You can’t go

wrong. 5 stars++.

— Steve Rolston

Williams Corporation are an

ethical company focused on high

density living. All houses are

designed to be affordable to buy,

affordable to live in, affordable to

maintain and are modern and

stylish. The customer service is

great, more often than not the

company directors themselves

will meet with you in person and

are genuinely passionate about

what they do and want to build

homes that their customers will

enjoy living in.

— Rose Bos

I have dealt with Matthew and

Blair on different occasions

and have found them very

approachable and down to earth.

I strongly believe in their vision

in building Christchurch a very

affordable place for home buyers.

The quality of their build is very

solid, design is quite modern and

I will personally recommend

anyone to buy a property

through them.

— Nathan Miglani

Reviews taken from Google.

I have Always found this

company to conduct themselves

and build their properties to a

very high standard. They make a

priority in making sure both their

housing and customer service is

the optimum. Great people that

go above and beyond and so very

personable as well.

— Yvonne Wallis

I recently had an amazing

experience with Williams

Corporation. Highly professional

team that offered multiple,

affordable yet high quality

apartments to view. I love what

these guys are doing offering

modern inner city living which

is just what Christchurch needs.

Highly recommend.

— Sharaine Barrett

A property development

company that captures all levels

of generations and provides

unique innovative design of

central city accommodation.

The 2 Masterminds behind this

are Matt and Blair, who have

great passion in living in the

Christchurch city CBD. With

some anchor projects finishing,

their projects are likely to prosper

and re-breathe new lives into the

Garden City.

— Pleayo Tovaranonte

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With limited options available, make sure you enquire today.

Unit 4, Level 1, 245 St Asaph Street, City Centre, Christchurch 8011

Phone 03 260 0604

Stephen Pike +64 27 524 5002 [email protected]

Greg Freeman +64 21 220 9290 [email protected]

facebook.com/WilliamsCorporation

Contact our Sales Consultants

Find us on online

Office

Matt Withington +64 27 496 6524 [email protected]

Maxine Thomas +64 21 990 252 [email protected]

williamscorporation.co.nz

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