Harcourts are mostly known for selling real estate – be it residential, commercial or lifestyle. What a lot of people are not aware of is our Property Management services. Property Management has become an essential service within our business and in all our markets we are the largest dedicated Property Management team.
At Twiss-Keir we were early adopters of Property Management as a tool that sat side by side with real estate sales. We understood that Property Management is an obvious essential that many investors would take advantage of if it was offered. Often investors would ask us for rental assessments on properties they may wish to purchase which lead to them asking the simple question – can you manage my property for me.
With extremely high minimum standards, strong work ethics and a principled approach we have grown our Property Management department from one person in 2006 to a team of 10 spread across our four branches. Included in the team are multiple Property Managers, two assistant Property Managers and New Business Manager.
We are unique in North Canterbury not only because we have a standalone Property Management division but that we have more than one person in our team and we have the only New Business Manager in the region. The reason – we are good at it and have a proven track record which creates a continued business relationship with our clients.
We offer a service second to none and in doing so we have seen significant growth in our Property Management division over the years. We pride ourselves on putting the client first and rarely have concerns.
Property Management itself has been slowly adopted by the North Canterbury market. When we first entered the market offering Property Management we saw a strong push back from traditional investors who tended to own one or two properties they managed themselves. Over time as people become more time poor and tenancy legislation becomes more and more difficult to navigate we have seen a trend of traditional landlords coming to us to assist in the management of their investments.
Investing in a Property Manager is the best investment you can make. They take the stress out of managing properties in several ways including giving you anonymity from your tenants, ensuring the property is clean and tidy always, keeps rents a market rates and can navigate through tough situations lay people may never be able to get through. Our experts essentially make your life a lot easier and take the strain out of your life all for a very fair fee.
Personally, I have used Property Managers in all my investments. I believe them to be an essential and whenever I purchase I build their fees into any calculations I make as they are a non-negotiable. If you have an investment property you should be at least talking with one of our award-winning Property Management team to see how we can help you. You will be surprised at the value you receive and the stress that will be released.
I was reading an article in the Central Christchurch Mail this morning that I thought I might share as I found it interesting and also it is one article that is written about our local market rather than the Auckland market that tends to dominate the media in New Zealand.
Christchurch's recent rating revaluations have pushed up selling homeowners' price expectations. The Real Estate Institute's latest report shows the median sale price in the city during November 2015 was $465,500, an annual rise of 4.5 per cent.
Institute director Jim Davis said that in the past fortnight, as happened every three years when new rating valuations were announced, some owners had "got big ideas" about prices. Christchurch City Council revaluations released on November 29 put the average home value at just over $500,000, a rise of 7.3 per cent in three years.
"People think 'My property has jumped up in value'," Davis said. "But that's been happening gradually. The rating valuations are based on sales history, they're catching up to what has already happened with prices." Rating valuations were also a broad-brush measure not intended to give an accurate market value, he said. Davis said real-estate agents "would be having a few of these discussions with sellers" and things would settle down again quickly.
The institute's figures show the city's real estate market is one of the country's steadiest, with post-earthquake housing development putting the brakes on high housing inflation. The November median price was a record, up from a previous high of $459,000 in September.
Regardless of the excitement over revaluations, Davis said the market was well balanced between buyers and sellers. Homes were selling well and there were plenty for sale, he said. First-home buyers were becoming more active as they understood lending rules reworked by the Reserve Bank earlier this year.
The institute's report said the median November sales price for Canterbury Westland was also a record at $440,000, up 4.5 per cent in a year. Median prices within the region included North Canterbury country $390,000, Mid-Canterbury $326,500, Timaru $353,350, South Canterbury country $297,000, and West Coast $170,000.
The number of sales in both Christchurch and the region were down slightly from a year ago. Listings were already slowing in the lead-up to Christmas and he expected house-hunting to slow down next week. The market would likely pick up again quickly between early and mid-January.The report showed homes in the region were taking an average of 32 days to sell.
Many parts of the country recorded annual price rises in double figures with the Queenstown Lakes area showing the biggest jump. The national median sales price in November was $520,000.
Licensed Business Owner of Harcourts Twiss-Keir Realty
Licensed Business Owner of Harcourts Twiss-Keir Realty