Selwyn Times: November 07, 2018
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
SELWYN TIMES Latest Christchurch news at www.star.kiwi<br />
Wednesday <strong>November</strong> 7 <strong>2018</strong> 3<br />
News<br />
2019<br />
ON THE DOMAIN LINCOLN 2 MARCH 2019<br />
TICKETS<br />
ON SALE<br />
NOW<br />
www.selwynsounds.co.nz<br />
Buyer’s market –<br />
prices ease, property listings jump<br />
• By Emily O’Connell<br />
IT’S A buyer’s market for<br />
properties in <strong>Selwyn</strong>.<br />
Information released by<br />
realestate.co.nz also shows<br />
Rolleston is one of the most<br />
sought after areas in Canterbury<br />
It rates the fifth most sought<br />
after area behind Fendalton, Rangiora,<br />
Christchurch’s central city<br />
and Cashmere.<br />
A big climb in new listings<br />
and a drop in asking prices are<br />
making the market more attractive<br />
to buyers, realestate.co.nz<br />
says.<br />
Rolleston’s Ray White licensee<br />
agent and business owner<br />
Brendan ‘Big Red’ Shefford said<br />
prices “have eased” as there’s<br />
more supply and buyers have a<br />
“good selection.”<br />
Mr Shefford said there are<br />
many contributing factors to<br />
Rolleston’s popularity.<br />
He said Rolleston “is the heart<br />
of <strong>Selwyn</strong>” and it has a variety of<br />
schools on offer as well as other<br />
facilities, employment opportunities<br />
and the development of the<br />
Christchurch Southern Motorway.<br />
“It’s a wonderful opportunity<br />
to be a buyer in the market at the<br />
Looking for<br />
a mortgage<br />
broker?<br />
Head to our website for<br />
more information or call<br />
Michelle to arrange a<br />
free consultation.<br />
Michelle lindsay<br />
Mortgage advisor<br />
Phone 021 346 265<br />
www.stephaniemurray.mortgage<br />
moment with what’s in stock,”<br />
Mr Shefford said.<br />
The median sale price in<br />
Rolleston from July to September<br />
was $545,000.<br />
Realestate.co.nz spokeswoman<br />
Vanessa Taylor said Cantabrians<br />
remain the biggest searchers for<br />
property within the region.<br />
“They’re followed by property<br />
seekers from the Auckland, Otago<br />
Lost your<br />
hairdresser?<br />
Lesley Heenan<br />
Formerly at Collective<br />
Hair Lincoln now at<br />
BLACK SUEDE HOUSE<br />
OF HAIR in Hornby<br />
385a Main South Road | Phone 349 2466<br />
www.blacksuedehouseofhair.com<br />
and Wellington regions,” she said.<br />
When it comes to <strong>Selwyn</strong>, Mr<br />
Shefford said “a good percentage<br />
of them are moving within<br />
Canterbury.”<br />
“Then you’ve got the natural<br />
Auckland movement that filtered<br />
throughout the country. You<br />
have people moving to Rolleston<br />
as a result of the Auckland<br />
movement but not necessarily<br />
FOR SALE:<br />
Ray White<br />
licensee<br />
agent and<br />
business<br />
owner<br />
Brendan<br />
‘Big Red’<br />
Shefford<br />
outside a<br />
property in<br />
Navy Loop,<br />
Rolleston,<br />
which is one<br />
of the most<br />
sought after<br />
areas in<br />
Canterbury.<br />
someone buying from Auckland,”<br />
he said.<br />
Mr Shefford said first home<br />
buyers and people using KiwiSaver<br />
are becoming “more and more<br />
common” in <strong>Selwyn</strong>’s market.<br />
It comes as <strong>Selwyn</strong> property<br />
owners are expecting to receive a<br />
letter with an updated property<br />
valuation in about a week.<br />
Quotable Value carried out<br />
the revaluation on behalf of the<br />
district council and it showed<br />
there has been a 6.7 per cent<br />
average increase in capital values<br />
in <strong>Selwyn</strong> since 2015.<br />
The valuations are an estimate<br />
of the likely price that would<br />
have been paid for the property<br />
on July 1 of this year.<br />
Mr Shefford believes the average<br />
increase is down to “natural<br />
growth” with “everything going<br />
up over time.”<br />
Residential property values<br />
rose by an average of 3.8 per cent<br />
between July 2015 and July <strong>2018</strong>,<br />
with lifestyle properties increasing<br />
by an average of 8.4 per cent.<br />
Property value changes varied<br />
across the largest towns – with average<br />
values increasing by 4.1 per<br />
cent in Rolleston, 1.1 per cent in<br />
Lincoln, 2.4 per cent in Prebbleton<br />
and 0.4 per cent in Darfield.<br />
Other townships showed<br />
similar increases with Leeston<br />
increasing 5.1 per cent, West<br />
Melton 3.8 per cent, Tai Tapu<br />
6.2 per cent and Southbridge<br />
showing a slight decrease at<br />
minus 0.3 per cent. Residential<br />
values in the rural areas of<br />
Malvern increased by 7.6 per<br />
cent and Ellesmere 3.3 per cent.<br />
CONFIDENCE<br />
COMES FROM<br />
HEARING<br />
WELL AGAIN<br />
Hear well this Christmas<br />
There is time to get your hearing sorted before the social season!<br />
We can have you hearing beautifully with new hearing aids by Christmas!<br />
If you already wear hearing aids, bring them in for a FREE<br />
professional clean and pack of batteries!*<br />
Want to have your hearing sorted by Christmas?<br />
Call 03 390 2332 *offer valid until end of <strong>2018</strong> only<br />
36 Tennyson Street, Rolleston | Darfield | Leeston | Lincoln | www.sincockhearing.nz | 03 390 2332
Change language