Waikato Business News November/December 2017

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8 WAIKATO BUSINESS NEWS November/December 2017 Foreign buyer restrictions won’t hit Hamilton market The Labour-led Government’s plan to stop overseas buyers purchasing homes is unlikely to affect Hamilton’s housing market, according to Lodge Real Estate’s managing director Jeremy O’Rourke. By GEOFF TAYLOR He says Hamilton’s housing market is strongly driven by other New Zealanders – particularly from Auckland – migrating to the city. “We rarely see foreign-based buyers looking to buy up residential homes in Hamilton. The foreign factor is something that’s primarily affecting the Auckland housing market with overseas buyers snapping up investment properties to rent. But we just don’t see much demand in Hamilton,” said Mr O’Rourke. Prime Minister Jacinda Ardern announced on October 25 while speaking at the Council of Trade Unions conference in Wellington that a bill to stop foreign buyers from purchasing existing homes would be introduced by Christmas. “A key factor that continues to affect the Hamilton market is the continued migration of new residents into the city. Over the past few years we’ve seen a steady increase of both New Zealand-born and foreign-born citizens and permanent residents moving their families to Hamilton. Many of them are exiting Auckland and choosing Hamilton for its preferred lifestyle options. “As we’ve been saying throughout 2017, this migration into Hamilton has put upward pressure on house prices in the city. We don’t see Hamilton’s median house price easing off significantly anytime soon,” said Mr O’Rourke. Lugton Real Estate director Simon Lugton said a ban on overseas buyers may have a little bit of impact in Hamilton, although Auckland would obviously be more affected. “It’s hard to put an estimate on the number of overseas buyers involved in Hamilton. Before that announcement we had seen a bit of a slow down anyway, possibly because Hamilton was seen as topping out in terms of prices as far as an investment goes anyway.” Mr Lugton said restrictions on loan to value ratios (LVR) had put a brake on investors generally although it has opened up the market more for first home buyers. The Real Estate Institute of New Zealand’s monthly figures show Hamilton’s median house price for October 2017 increased to $535,000 from $533,000 in September 2017. This compares with a median of $518,000 in October 2016. Mr O’Rourke said the number of homes sold in Hamilton during October was low with just 237 sold, which compares with 278 sales in October 2016. However, he said the number of homes being listed on the market increased significantly during the month. “On October 1 there were 698 homes listed for sale in Hamilton. By October 31, there were 780 homes for sale throughout the city. “A lot of homes being listed in Hamilton are by families who are rotating into another property in the city,” he said. “Buyer inquiries have steadily increased following the slow period we experienced leading up to the election. We anticipate the market will strengthen over the coming months as we head into summer.” Mr Lugton said the market was getting into the late spring/ early Christmas “boom time” in terms of growth in the number of listings. “October is always a bit slow with school holidays but the growth in listings will translate to a good number of sales in November.” He said prices had been pretty stable in Hamilton all year. Start with Birch Surveyors - part of the Waikato community Birch Surveyors has been operating in the upper North Island for more than 30 years. Now, with a Hamilton Branch in operation, Birch is part of the Waikato community. The key to the Hamilton branch is staff who have more than 11 years of experience working in the Waikato region and are part the community where they live and work. We have a great rapport with our client base, provide excellent and timely advice on all matters regarding land development; from giving preliminary advice to development estimates to resource planning, surveying and engineering. This is the main reason our clients recommend us and keep coming back whether it be for a small two lot subdivision, comprehensive residential or greenfields subdivision, multiunit titles or duplex development. The additional benefit is that our friendly staff has an excellent working relationship with council planners and engineers to ensure work progresses smoothly and with great financial outcome for the client. At Birch, we consider ourselves strong advocates for our clients when it comes to representing them at various levels throughout the subdivision process. The process can be as complex as one can make it, but our goal is to break it down into simple steps for clients to follow without overwhelming those new to development by getting too technical. Communication is key to success in Lodge Real Estate managing director Jeremy O’Rourke. every quarter. While we do our utmost to make the visions of clients a reality, we also provide professional advice based on the current rules, be those District Plan requirements or legal requirements and suggest alternatives where relevant to ensure clients have a successful outcome. Our advice to everyone is to start with Birch Surveyors. We are uniquely placed at the forefront and best placed to provide overall advice for different scenarios and options. We join the dots for clients and link all subdivision processes from resource consent to engineering approval, on site construction and supervision, pegging boundaries and working with solicitors to get titles, rather than treat item in isolation. We have experienced staff to undertake boundary surveys, building setouts and topographical surveys. Our experienced planners provide expertise on resource planning, whether it be for smaller scale subdivisions or complex applications such as that a plan change. The in-house engineers and surveyors collaborate to get the design and land transfer work achieved on time and within Lugton Real Estate director Simon Lugton. budget. The advantage of three offices is that when combined we have more than 150 years’ of experience on hand which works for the benefit of the client as we anticipate and resolve issues that arise, faster with better results. The areas serviced by the Hamilton branch are Te Kauwhata, Huntly, Ngaruawahia, Hamilton, Waipa and the greater Waikato region and the head office in Pukekohe and Auckland branch are excellent support when needed. If you have a project and would like to speak to us; call or email our Hamilton branch manager and senior surveyor on 07 834 0504; angina@bslnz.com Urban and Rural Subdivisions Resource Consents Title Transfers Site and Topographical Surveys Boundary Relocations House Setouts If you need quality and comprehensive advice from an established team who are pleased to be now working in your area, contact one of our specialist team members: Hamilton: Angina Lal P: 07 834 0504 E: HAMILTON@BSLNZ.COM Level 6, 11 Garden Place Hamilton Pukekohe: Toni Hill P: 09 237 1111 E: PUKEKOHE@BSLNZ.COM 2A Wesley Street Pukekohe WWW.BIRCHSURVEYORS.CO.NZ Auckland: Toby Mandeno P: 09 571 2004 E: AUCKLAND@BSLNZ.COM Level 1, 710 Great South Road Penrose
WAIKATO BUSINESS NEWS November/December 2017 9 It’s lonely at the top... As Tim Cook, Apple CEO, recently commented, “(The CEO job), it's sort of a lonely job. The adage that it's lonely - the CEO job is lonely - is accurate in a lot of ways. I'm not looking for any sympathy. You have to recognise that you have blind spots.” Steve Tappin, global CEO expert and a personal confidant and coach to many of the world’s top CEOs tells us that “to avoid this loneliness and achieve some sort of work-life balance you have to build the right support networks around you. More than half the CEOs we spoke to say so. And most of the rest admit that they’d be lonely if they hadn’t taken deliberate action to build the support networks they need. Many CEOs draw on a tailored support network in their professional and personal lives”. So my question for you if you’re at the top of your game and sitting in a chief executive position – have you ever felt lonely? Often when I meet CEOs they tell me they feel a lot of pressure in their roles or as they describe it – “it’s a bit like being the meat in the sandwich – reporting to the Board and shielding the team from stuff they don’t need”. Many tell me they don’t want to open up to their Chair about sensitive issues or matters that might make them look less than capable. Similarly, there is a smorgasbord of day-to-day topics that just aren’t appropriate to discuss with their senior team members. How do we break down the barriers of loneliness for CEOs and sole trader business owners? Personally I experienced a real awakening on this subject years ago when a close colleague of mine, and local business owner, took his own life because he was really struggling with life, business and the demands of his industry. This was a real catalyst for me to encourage leaders to look beyond thinking of themselves as their only support mechanism. Tapin’s research tells us that Riverlea ‘boobs’ show set to cause a stir CEOs need to be able to get a perspective on themselves, their colleagues, and the performance of the fellowship as a whole. They need to draw on three principal elements: their chairperson, external coaches, and their family and friends. Finding the right blend of support - chairmen, coaches, mentors, family, and friends – depends on your preferences and MANAGEMENT AND HR > BY SENGA ALLEN Managing Director,Everest Group Limited, Everest Group, Creating Exceptional Workplaces, www.everestgroup.co.nz needs. Top CEOs were insistent that building and maintaining the right support network is essential and takes careful thought and the investment of quality time. CEOs and their closest advisers tell us that there are three things you need to do to achieve just that: • Take responsibly for your own life - Don’t let the business drive you • Build an active support network • Ensure you’re always at your best The old way of being a CEO was to be lonely at the top, but the new way of being a CEO is to surround yourself with "all stars" who really care about you and your company. Don’t forget, being a CEO is now a team sport. www.braemarhospital.co.nz 24 Ohaupo Road, Hamilton Phone: 07 843 1899 All health insurers accepted Controversial singer Ruth Wallis. Broadway producer Lawrence Leritz. Janine Swainson who plays Wallis. Riverlea Theatre’s 2017 Christmas Show is the entertaining off-Broadway hit ‘Boobs! – the musical. The World According to Ruth Wallis’. This “adults only” funny, risqué, dinner show/ cabaret / musical revue, with lyrics and music by 1950s and 1960s star Ruth Wallis, tells the story of her international career and struggles in performing her naughty songs. The show runs from November 25 to December 16 at Riverlea Theatre. The original show opened in New York City in 2003 to critical praise; and it had subsequent long runs in New Orleans (2004) and Wichita (2005). This New Zealand production is the first time it has been performed outside America and there is a London West End production planned for the new year. Lawrence Leritz, Broadway producer and choreographer of the original off-Broadway production lives in New York and has helped Riverlea Theatre in establishing the New Zealand Premiere. In the 1960s Ruth Wallis’ recordings were banned in Australia, but her live performances garnered the biggest cabaret following. In that decade, her fame also found its way to New Zealand where artist Noel Mackay had a number one hit with “Johnny's Little Yoyo”. In the 1960s and 1970s New Zealand record collections were often found with her recordings, and played as part of the party culture of the time. The New Zealand premiere production is a project close to the heart of its Kiwi director, Dennis Ralph. “When I was a child, listening to my parents entertain, it was a highlight when the Ruth Wallis records were brought out. Such was their impact, they became the first songs I learned to sing as a child. Of course, on occasions, my performance would be followed by a terse note from teachers or parents, whose feigned shock, never quite dulled their fun". We have a company of talented players, and I’m thrilled Janine Swainson will portray the one and only Ruth Wallis. Bookings are through i-ticket, or contact the theatre manager – phone: 856 5450. 30430 Because Braemar is owned by a charitable trust, we reinvest any surplus back into the hospital to stay at the forefront of surgical innovation. Excellence means Braemar Waikato Branch – Upcoming events/courses At the Institute of Directors we’re on the pulse of governance. Connecting, equipping and inspiring directors through thought leadership and our extensive network, professional governance courses, events and resources. 14 18 February October 2018 CPD: 2 points AGM The Digital Lunch Director function with David guest Bell speaker Brett Maber 12.00pm -2.00pm, FMG Stadium Waikato 7.00am - 9.00am, FMG Stadium Waikato 7 November CPD: 2 points 14 March 2018 CPD: 2 points CEO/Board relationship panel discussion with Margaret Devlin, Carlos da Silva and Kirsten Lunch function in partnership with the Waikato Chamber of Commerce Guest (KP) Patterson speaker: Sir Graeme Dingle 12.00pm -– 2.00pm, The FMG Grandstand, Stadium Waikato Claudelands To register, please contact: Megan Beveridge, Branch Manager Waikato.branch@iod.org.nz, 021 358772 or www.iod.org.nz Waikato branch is kindly sponsored by:
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