North Shore Times : January 31st 2013
www.northshoretimes.co.nz 2 NORTH SHORE TIMES, JANUARY 31, 2013 NEWS Contact Us Ph 489 4189 Fax 486 1950 Editorial email: nsnews@snl co nz Editor Peter Eley Chief Reporter Liz Willis Sales Manager Alan Barr email: a barr@snl co nz Circulation Ph 525 2022 Fax 580 1648 email: email@example.com Classifieds Ph 525 2100 Fax 580 1643 email: firstname.lastname@example.org 73,488 Audited Circulation (ABC for 12mths to 31 Dec 11) Delivered each Tuesday/ Thursday/Friday to Albany, Beach Haven, Bayswater, Bayview, Belmont, Birkdale, Birkenhead, Brookfield, Browns Bay, Bushlands, Campbells Bay, Castor Bay, Chatswood, Chester Park, Devonport, Fairview Heights, Forrest Hill, Glenfield, Greenhithe, Hillcrest, Mairangi Bay, Meadowood, Milford, Murrays Bay, Northcote, Northcross, Oteha, Pinehill, Rothesay Bay, Schnapper Rock, Stanley Point, Sunnynook, Takapuna, Torbay, Unsworth Heights, Waiake, Wainoni, Westlake, Windsor Park. 1 Byron Ave, Takapuna. Office Hours: 8.30am -- 5pm P.O. 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Top dollar: Jim Mays set a record sale price for this beachfront house in Takapuna at $12.78 million. One exception was a lucky seller in Stanley Point who bagged $3.85m in May last year for a property that had a valuation of $1.65m. And contrary to popu- lar belief, it s not big- monied Americans snap- ping up pieces of our sea- side paradise. Mr Mays says a large percentage of top-end properties that are han- dled by his agency, Pre- cision Real Estate, are bought by New Zealanders. Invariably they re existing or former North Shore people, he says. Buyers will conse- quently have their hearts set on a specific location and will bide their time until an opportunity arrives. There are some peo- ple who only want to live on Cheltenham Beach and some people you couldn t gift a house on Cheltenham Beach because they don t want to deal with that traffic. But those who will purchase at the top end of the market will gener- ally love the location above all, he says, then it might come down to the house or the potential of the house. The lure of a bea- chfront double site or never-ending Rangitoto views can end up as the be all and end all, with the house a mere after- thought. Mr Mays remembers a case where a buyer paid more than $6m for a lovely property in Takapuna and demo- lished it within two years to build another lovely home to exact specifications. And with these kinds of new builds you re sometimes looking at up to $3m, he says. Takapuna consistently tops the charts for sale prices but Stanley Point and Campbells Bay have had a good run in the past two years. In 2011 a one-acre property at 15 The Esplanade in Campbells Bay sold for $8m, $800,000 more than its valuation. The property had been in the same family for 60 years, Mr Mays says, and at that time the market was pretty depressed. But there is still a lot of money out there and when the time is right for a buyer they ll pounce. This can often mean that sellers need a dose of patience if they hope to get the right price. But statistics from REINZ show a majority of the multimillion dollar properties sold within four months of being listed. At the slow end of the scale a property in Waiake sat on the mar- ket for three years before selling at the end of 2012 for $5m. But a 3490 square metre Hurstmere Rd property listed in July 2011 was sold within the day for $3.7m. Mr Mays says the North Shore is a sought after place and things are finally starting to move again. Reverse parking illegal By JESS ETHERIDGE Reversing into an angled car park? Think again. Auckland Transport s Mark Hannan says the manoeuvre is illegal but is not a big problem for the city. The issue was high- lighted by New Ply- mouth woman Jean Richards who was fined after reversing into an angled car park. She parked in the New Plymouth District Coun- cil s Egmont St car park around 12.30pm and returned to find she had been issued a $40 ticket for incorrect angle park- ing . Most angle parking runs off the direction of the roadway, with these you nose into the space and reverse out of the space, this lets you com- plete the parking manoeuvre in the lane of traffic. Should the driver reverse angle park, they will interrupt the oncoming lane of traffic upon entry and could cross the centre line to exit the park. Motorists can also be fined for parallel parking in the opposite direction to the flow of traffic. This is a long stand- ing rule applicable across New Zealand.
January 29th 2013
February 1st 2013