03 Magazine: August 04, 2023

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12 Magazine | Newsfeed Newsfeed What’s up, in, chat-worthy, cool, covetable and compelling right now. Gimme shelter The latest chapter of The Shelter is unfolding in the heart of Ōtepoti. A Southern sibling to Auckland’s much-loved clothing and creativity destination, the Filleul Street store will be a stylish flagship for the in-house Taylor collections, which sit alongside curated iconic and up-and-coming designers including Rick Owens DRKSDHW, Symetria, Uma Wang, Issey Miyake’s 132 5., Masami and Pera May. The Shelter’s creative director Vicki Taylor says she was drawn to the architecture and vision of Dunedin’s central city when deciding on the new locale, opening this month. theshelteronline.com Screen time Whānau Mārama: New Zealand International Film Festival 2023 will take place in 17 towns and cities from July 19 – September 10, with South Island screens set to light up in August. Kicking off in Dunedin on the 3rd of the month, followed by Christchurch on the 10th, Nelson on the 23rd and Timaru on the 24th, the festival promises a bumper programme of local and international feature-length films and shorts. Find your new favourite flick (maybe Gaylene Preston’s Bread and Roses, pictured, read more on page 32) and book tickets at nziff.co.nz. Zooper dooper As if us South Islanders need more reasons to get into the great outdoors, now there’s a cool new plant-based Kiwi sunscreen – ZOOP – that’s designed with making the most of our beautiful big backyard in mind. “As outdoor adventurers, we know the importance of protecting the skin during daily activities, even in winter when the sun’s rays can be just as damaging,” says ZOOP founder John Hesiltine. “Our plant-based, hypoallergenic sunscreen is the perfect solution for those who want to protect their skin while also supporting their health and the wellbeing of the planet.” To support their mission, this winter ZOOP is offering up their VW campervan free of charge from Wānaka or Queenstown to Kiwis wishing to spend their weekends getting out of the city and into the wild. Apply to book the campervan through the submission form at zoopnz.com.
Are We there yet? ‘Are we there yet?’ was a constant question whenever we travelled as a young family. It started from the minute we left home and continued until the moment we pulled up at our destination. Today it provides a perfect analogy for where we find ourselves in the current market. There are several schools of thought as to what’s actually happening. Here’s one of the most optimistic: ‘we’re almost there, ready to turn the corner’. In support of this, utilizing coalface observations, I’m finding auction rooms including our own are busy, full of qualified, cash-ready buyers in the following categories: first-home purchasers and ‘as is, where is’ buyers looking for their next project. Not to be put off, and reappearing after a long absence, are investors determined to start their own property portfolios – often in anticipation of an opportunity to purchase well. Now let’s look a little more closely at some of these categories. The first-home buyers are definitely benefitting from some easing of the lending criteria and reduced LVR levels whilst being predominantly active in the $500,000 – $750,000 bracket. Real Estate New Zealand figures just released support this finding with Christchurch sale-by-price data for the month of June showing 47% of all sales were between $500,000 and $700,000. It’s been a long time since I’ve seen nearly half of all the sales occurring being to mainly first-home buyers and, as a mum in addition to being a real estate professional, it gives me hope for the future. No doubt the view that interest rates could have peaked and that potential worstcase scenarios can be quantified has also helped alleviate fears held by previous groups of first-home buyers. Now investors: what’s bringing them out? Is it just the oversupply of specific types of property, especially of the two-bedroom, no-garage variety, that could be just the start they were looking for – or is it the positivity that accompanies the resurgence of immigration figures? We now know there are as many as 200,000 immigrants in the process of working towards residency. The prospect of them going on to either rent or purchase their own property adds fuel to the belief that the market, though cautious, is modestly improving. So, let’s get back to ‘are we there yet?’ The optimist in me says, ‘getting there’. I know that sounds a bit like a foot in both camps and, yes, it is. Indicators are definitely present to support that belief and prices are holding their own whilst the level of desirable available properties is seasonally low. It also hasn’t escaped me that we have an election pending, which could act as a wildcard. And I’m aware of statements made by one of the parties looking to make significant changes to the Brightline Test by means of a reduction of the timeframe in which taxes are required to be paid on sale. This has the potential to create more market activity. So it’s bound to get interesting as everyone lobbies, utilizing the property market as a means of winning support. But one thing 30 years of real estate has taught me is that when property goes into a trough it always comes out the other side, and to everyone currently trying to transact property, this very old but perennially relevant saying holds some weight. “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for and managed with reasonable care it is the safest investment in the world.” - Franklin D. Roosevelt Lynette McFadden Harcourts gold Business Owner 027 432 0447 lynette.mcfadden@harcourtsgold.co.nz WORK WITH THE HARCOURTS FRANCHISE IN NEW ZEALAND No.1*Top National Multi Office Franchise for Revenue per Sales Consultant (2018-2023) PAPANUI 352 6166 | INTERNATIONAL DIVISION (+64) 3 662 9811 | REDWOOD 352 0352 | PARKLANDS 383 0406 | SPITFIRE SQUARE 662 9222 | STROWAN 351 0585 | GOLD PROPERTY MANAGEMENT 352 6454 GOLD REAL ESTATE GROUP LTD LICENSED AGENT REAA 2008 A MEMBER OF THE HARCOURTS GROUP www.harcourtsgold.co.nz
Page 1 and 2: the South island lifestyle magazine
Page 3 and 4: Qestral villages offer an extensive
Page 5 and 6: NISSAN LEAF from $49,990+orc* Thats
Page 7 and 8: CHRISTCHURCH’S LANDMARK SHOPPING
Page 9 and 10: Think hundreds of years of life exp
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Page 16 and 17: 16 Magazine | Newsfeed Gimme some M
Page 18: 18 Magazine | Newsfeed Robin’s re
Page 21 and 22: MADE TO LAST FOOTWEAR Combining con
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Page 25 and 26: sale now on Briarwood Christchurch
Page 28 and 29: Reflecting the landscape A literal
Page 30 and 31: “Where the lodge emulates the lan
Page 32 and 33: Bread and roses On the eve of the m
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Page 36 and 37: A city on board Dunedin’s skaters
Page 38 and 39: 38 Magazine | Feature It’s pretty
Page 40 and 41: Design fit for a king On a recent v
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03 Magazine: August 04, 2023

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