80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation

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80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 Awaroa Road
      Sunnyvale, Auckland
         1 & 2 Bedroom Townhouses

Building the Most Liveable Country
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

 80 Awaroa Road
     Sunnyvale, Auckland
             1 & 2 Bedroom Townhouses

    Elegant outer-city living.
Our townhouses, located on fee simple titles,
are the most popular products our company
  has created. With several projects selling
 down in record timeframe, we are excited
      to be releasing 80 Awaroa Road.

                  Contents
Design                                   Page 3

Location                                 Page 4

Floor Plans                              Page 5

Specifications and Internal Colours      Page 6

About Williams Corporation               Page 7

Meet the Team                            Page 8

How we Build Homes Better                Pages 9–10

Build Specifications and Chattels List   Pages 11–12

Landscape Plan                           Page 13

Price List                               Page 14

Valuation                                Pages 15–16

Survey Plan                              Page 17

Summaries of a Residents Agreement       Page 18
and a Body Corporate

Proposal for Administrative Services     Pages 19–22

Rent Appraisals                          Pages 23–24

Why buy in Auckland?                     Pages 25–27

Testimonials                             Page 28

Contact Us                               Page 29

   Building the Most Liveable Country
                         Page 2
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

         80 Awaroa Road
Design

         We are very proud of the design appeal of this
         development. With designer series mixture of
         woodgrain wenge natural, smooth cream and grey
         urban panelling, extensive landscaping and elegant
         pergolas identifying the formal entrance way.
         This simple but tasteful design is market leading
         with townhouse construction, resulting in a
         highly appealing visual aspect, while maintaining
         extreme functionality and low maintenance.

                                       Page 3
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

           Located on Awaroa Road in Sunnyvale, these
Location
           Townhouses are perfectly positioned for
           trains, buses and motorway connections and
           are walking distance to local shops, cafés,
           other amenities. There is no doubt that finding
           new homes at an affordable price point is
           getting increasingly harder as the Auckland
           population grows.

                                                               3

                2

                     80

                1

           What’s nearby?

            1       Parrs Park 1km

            2       Pak ‘N’ Save Henderson 2.7km

            3       Auckland Central 13km

                          Building the Most Liveable Country
                                            Page 4
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

              The open plan nature of the kitchen,            Outside is your own low maintenance,
Floor Plans

              living and dining provides everything           private courtyard with ample space for
              you need for comfortable living. Our            a barbecue, table and chairs. The outdoor
              extremely functional kitchen will               area also includes a storage shed along
              impress you with a separate laundry             with an outdoor power supply.
              storage space under the stairs.

              Upstairs is either 1 or 2 full size
              bedroom/s and bathroom with a
              very large built in wardrobe/s in
              the bedroom/s.

                                               Ground Floor

                                          First Floor (2 bedroom)

                                                    Page 5
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

                 Quality is paramount in our homes and           Finishing with European tiles, washable
Specifications
                 only the best products are going into           paint and upgraded magnesium oxide
                 the construction and fit out of our             flooring, giving the first floor that concrete
                 developments. Starting with an engineered       feel. All our products are purchased from
                 gravel base and concrete raft foundation,       large industry leading companies, to ensure
                 then laminated veneer framing, coupled with     reliability and quality.
                 double glazed windows, solid air barriers,
                 compression proof polyester insulation and
                 aerated concrete intertenancy walls.

                                                                        Images used throughout this Information Pack are indicative only.

                 All townhouses are painted in beautiful
Colours
Internal

                 modern tones to create a feeling of warmth
                 and space throughout. The neutral tones
                 allow you to add your own unique touch with
                 furniture, artwork and other accessories.

                   Tiles        Carpet       Kitchen       Kitchen     Splashback              Ceiling /                Blinds
                                            Cabinetry      Bench                            Trim / Doors /
                                                                                                Walls

                           Building the Most Liveable Country
                                                  Page 6
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

                 Williams Corporation do property development and
Corporation
About Williams
                 investment in Auckland and Christchurch. Our well-built
                 townhouses and apartments are the future of New Zealand
                 housing and a desirable solution to the housing crisis.

                 Williams Corporation see both Auckland and Christchurch
                 as world class cities with exceptional value moving forward.
                 We are committed to building Auckland and Christchurch
                 into the most liveable cities. Meet our team below and reach
                 out to discuss your next property investment.

                                                   Page 7
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

the team
Meet

Matthew                                     Blair                                      Stephen
Horncastle                                  Chappell                                   Pike
Managing Director                           Managing Director                          Sales Consultant

Matthew manages, on a daily basis,          Blair is responsible for product and       Stephen has over 15 years experience
land acquisition, development design,       contractor procurement, pricing,           in property sales and has helped over
resource consents, development              site management along with building        1000 customers either invest or own
sales, marketing and finance.               consents. As a qualified business          residential real estate. Stephen’s
Matthew is a qualified builder and          analyst and having been in the             professional approach and strong
has been in the construction industry       construction industry for over             knowledge of market opportunities,
for over 9 years. Matthew is extremely      7 years, Blair loves everything about      ensures that his customers get the
high energy and passionate about            development, including watching a          best advice and information to
Williams Corporation’s purpose to           development go from an idea on a set       enable a sound decision is made.
build Auckland and Christchurch             of plans to a finished product, complete   Achieving financial security for his
into the most liveable cities.              with home owners and tenants.              customers is of utmost importance.

Matt                                        Kathryn                                    Scott
Withington                                  Marshall                                   Barclay
Sales Consultant                            General Manager                            Group Accountant

As a licensed builder, experienced          Kathryn has a 32 year career in            Scott manages all the finances
new-home consultant, homeowner              construction. Kathryn overviews            including creditors, purchase orders,
and property investor, Matt brings a        the company finances and cashflow          payments, office administration and
wealth of technical know-how to the         position and is responsible for company    IRD compliance. As a qualified
Williams Corporation team. Matt has         systems, processes, controls and           Accountant, Scott has had extensive
a trusted reputation, built on positive     oversees legal and technical documents.    experience in the construction
communication and assists customers         Kathryn has a Bachelor of Agricultural     industry, having prior roles with both
with options that will perform best now     Science Degree, including business         main contractors and suppliers. In
and into the future. Matt genuinely loves   subjects. Kathryn creates the vision,      previous lives, Scott worked as a Market
talking about property and is passionate    along with Matthew and Blair and forms     Gardener and High School Teacher.
about helping people achieve their goals.   highly skilled teams to deliver the
                                            outcomes ethically.

Greg                                        Maxine                                     Hannah
Freeman                                     Thomas                                     Turner
Sales Consultant                            Sales Consultant                           Customer Relations
                                                                                       Manager
Greg has 11 years of relevant               Maxine has over 10 years experience        Hannah is responsible for client
experience and proven history in            in property investment, including          relationships, assisting sales and
directing and selling investment            acting as a buyer’s agent sourcing         general enquiries. As a recent
property, helping over 1000 clients         suitable property, enabling others to      University graduate with a Bachelor
from around New Zealand. Greg loves         grow their wealth. Prior to property,      of Arts, Hannah contributes a high
helping others to achieve their dreams      Maxine travelled the world as a Flight     level of literacy and communication
and believes with having the right          Service Manager. Maxine is extremely       to the team. Hannah is passionate
advice, plus the correct structures         passionate about people and property       about helping people gain a firm
implemented, these factors are key          and gets immense satisfaction              foothold on the property ladder and
to making this happen.                      combining the two together to              ensuring customer satisfaction
                                            achieve exceptional results.               remains a priority and a point of
                                                                                       difference for Williams Corporation.

                                    Building the Most Liveable Country
                                                             Page 8
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

How we build homes better

                            9

                                    7

                                    5
       6

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   8

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               Page 9
80 Awaroa Road Sunnyvale, Auckland - Building the Most Liveable Country - Williams Corporation
80 AWAROA ROAD

                                How we build homes better

  1                                           2                                          3

Gravel Raft                                 Engineered Slab                            LVL Frames
Soils are stripped down and replaced        Constructed on top of the gravel raft an   LVL stands for laminated veneer
with compacted gravel, the entire           engineered slab provides the benefits      lumber, LVL timber is dimensionally
process is signed off and overseen by an    of the concrete foundation sitting on      accurate, straighter and meets or
engineer. A gravel raft provides a stable   the ground instead of in it. Constructed   exceeds equivalent stress tests when
platform and strengthens the ground         with concrete, steel and polystyrene       compared to standard SG8 and SG10
under your home.                            pods, with the process being signed off    pine framing.
                                            by an engineer.

  4                                           5                                          6

Plywood Flooring                            Insulation                                 Hebel Intertenancy Wall
Manufactured from sustainably grown         With warm dry homes being paramount        Hebel Powerpanel XL is made out of
New Zealand Pine, plywood flooring          for our construction methodology, we       aerated concrete and provides fantastic
has improved structural benefits when       use a R3.6 ceiling batt with an R2.2       acoustic and fire resistant properties.
compared with particle board flooring       ceiling blanket on top, providing nearly   This ensures the product separating you
and feels fantastic to walk on.             double the building code requirements.     from your neighbours is of the highest
                                            For the external walls, we use a R2.6      quality in the market place. Because the
                                            wall batt to achieve 30% over building     Hebel sits between the timber framing
                                            code requirements. With a 70 year          you have full use of the intertenancy
                                            product warranty and being owned by        wall in your home without comprising
                                            CSR Group, we have partnered with          your fire and acoustic rating.
                                            Bradfold Gold to provide this industry
                                            leading insulation solution.

  7                                           8                                         9

Solid Air Barrier                           LVL I-Joists                               Safe Building Envelope
It is no surprise that the building         Manufactured from sustainably grown        All of our homes have longevity in
code requires a solid air barrier in        New Zealand Pine, LVL I-joists are half    mind, we do not use internal gutters,
extra high wind zones, when compared        the weight of conventional softwood        flat roofs or other high risk design
to building paper a solid air barrier       joists and are straight, uniform and       elements. We use leading products both
offers a more robust cavity and extra       dimensionally stable. This provides a      on the walls and behind them to create
structural bracing on the home.             lighter, stronger midfloor that has less   a low maintenance home that will last
                                            chance of long term deflection.            the test of time.

                                                              Page 10
80 AWAROA ROAD

                              Build Specifications
                         Specifications, Colour Schedule and Chattels List

General Specifications           Internal Doors Paint finish flush panel MDF doors Gib sliders to robes
                                 Entry Door Latitude panel
                                 Hardware Miles Nelson S Range
                                 Windows Double glazed, powder coated aluminum
                                 Electrical LED lighting, sockets, general connections,
                                 phone and tv jacks, heated towel rails and bathroom fans.
                                 Heating Fujitsu 5kw heat pump
                                 Water Heater 180L hot water cylinder
                                 Paint Resene Spacecoat
                                 Roof .4mm Colour Steel corrugated roofing
                                 Fascia Colour Steel
                                 Gutter Colour Steel
                                 Downpipes Colour Steel
                                 Cladding Mixture of Designer Series panelling

Interior Lining                  Insulation Batts R 2.6 wall batts, R 3.6 ceiling batts
                                 Gib Walls and ceilings, standard gib to engineer requirements
                                 Gib Stopping Level 4 finish, square stop to ceiling
                                 Skirting and Architraves MDF 60mm square finish skirting,
                                 40mm square finish architraves, pine skirting to wet areas

Kitchen                          Oven Fisher and Paykel 60cm built-in oven
                                 Hob Fisher and Paykel 60cm ceramic cook top
                                 Dish draw Fisher and Paykel stainless steel dish draw
                                 Rangehood Fisher & Paykel built in Power Pack
                                 Washer/Dryer Fisher and Paykel Washer/Dryer (1 bedroom units only)
                                 Laundry Super Tub (2 bedroom units only)

Bathroom                         Shower Acrylic shower tray, tiled walls
                                 Vanity Brighton 900mm wall hung vanity white gloss
                                 Heating Chrome heated towel rail
                                 Mirror Mirror over vanity
                                 Tapware Metro series basin, shower, kitchen mixer
                                 Toilet Back to wall soft close with integrated bidet

                                                   Page 11
80 AWAROA ROAD

                        Build Specifications
                   Specifications, Colour Schedule and Chattels List

Internal Colours           Tiles European off white tile
                           Carpet Virga Cloud
                           Kitchen Cabinetry Bestwood Dusky Elm
                           Kitchen Bench Engineered Marbello Snowdrop
                           Splashback Clear glass
                           Ceiling/Trim/Doors/Walls Resene Half Black White
                           Blinds Black block out blinds

External                   Exterior Cladding Mixture of woodgrain wenge natural,
                           smooth cream and grey urban panelling
                           Roof, Fascia, Gutter, Downpipe colour Ebony
                           Soffits Resene Half Black White
                           External Joinery and Front Door Ebony

                                 Chattels List
                           Letter box
                           Clothes line
                           Garden/bike shed
                           Blinds
                           Cook top
                           Range hood
                           Dish draw
                           Fixed floor coverings
                           Light fittings
                           Heat pump and remote
                           Bathroom heater
                           Towel rail
                           Mirrors above vanity
                           Wardrobe joinery
                           T.V. antenna
                           Washer dryer combo (1 bedroom units only)
                           Super Tub (2 bedroom units only)
                           Smoke alarm/s pursuant to Building Code requirements

                     Building the Most Liveable Country
                                               Page 12
80 AWAROA ROAD

Landscape Plan

        Page 13
80 AWAROA ROAD

                                 Price List

                                                    Internal and
              Number of      Number of                                      Site
Unit Number                                           Outdoor                           Price
              Bedrooms       Carparks                                   Measurements
                                                   Measurements
                                                   76.42m2 (internal)
   Unit 1         2              1                                          88m2       $625,000
                                                   47.08m2 (outdoor)

                                                   57.72m2 (internal)
   Unit 2         1             0                                           56m2       $450,000
                                                   22.45m2 (outdoor)

                                                   70.00m2 (internal)        74m2
   Unit 3         2              1                                                     $610,000
                                                   20.67m2 (outdoor)      (66m2 net)

                                                   70.00m2 (internal)       100m2
   Unit 4         2              1                                                     $620,000
                                                   28.46m2 (outdoor)      (89m2 net)

                                                   70.00m2 (internal)       100m2
   Unit 5         2              1                                                     $620,000
                                                   28.46m2 (outdoor)      (89m2 net)

                                                   70.00m2 (internal)
   Unit 6         2              1                                          135m2      $630,000
                                                   40.01m2 (outdoor)

                      Building the Most Liveable Country
                                         Page 14
80 AWAROA ROAD

Valuation

     Page 15
80 AWAROA ROAD

         Valuation

Building the Most Liveable Country
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       MAJOR CONTOURS (1m INTERVAL)                                          20

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       MEASUREMENTS (METRES)                                                25.67

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                                                                                                                                                                                                                                                                           4.0                                                                                                                                                                                                                                                                                                                                                                 SURVEYED               DRAWN              DESIGNED                   APPROVED
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                DATE                  DATE                   DATE                        DATE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -                22/01/19            21/01/19                    23/01/19
                                                                                                                                                                                                    AD
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                                                                                                                                                                                                                                                                                                                                                                                                                                                               SW

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          SCALE @A1; @A3             ZONING
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           1:100; 1:200           RESIDENTIAL-MIXED HOUSING URBAN
                                                                                                                               Scale m                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   PROJECT          ORIG     ZONE LOC      TYPE   RL          DRG No          SUIT          REV
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                                                                                                                                                                                                                                                                                                                                                                                                                                                      SW

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       30404 -SUR - XX - XX - DR - G - 100 - S2 - P1

          DATE: 23/01/2019 11:08:29 a.m.
          LOCATION: \\Envfs01\30000\30404 - 80 Awaroa Rd, Sunnyvale\Surveying\12D CAD\30404-SUR-XX-XX-DR-G-100-S2-P1.dwg
80 AWAROA ROAD

           Summaries of a Residents Agreement
                and a Body Corporate

Summary of a Residents Agreement                     Summary of a Body Corporate
Townhouses, on fee simple titles, are                Apartments, are titled as unit titles and by
a safer and better long term ownership/              law, require a Body Corporate Management
investment, when there is a Residents                Agreement.
Agreement in place.

                                                     Purposes of a Body Corporate
Reasons to have a Residents                          Insurance: The Body Corporate is
Agreement                                            responsible for the insurance of the
Insurance: The Residents Agreement                   building, as well as any common areas.
ensures there is an insurance policy in
                                                     Future Maintenance: The common areas
place for each home, each year. There
                                                     include the maintenance and repair of any
can be significant savings by getting the
                                                     walkways, access areas, fences, gardens,
homes insured through the same
                                                     walls and roof of the building, rubbish
Insurance Broker/Company.
                                                     collection, lighting and retaining walls.
Future Maintenance: The Residents
                                                     Compliance: Compliance is required
Agreement’s purpose is also to ensure
                                                     for the building, such as access and fire
any common areas are maintained and
                                                     compliance requirements.
repaired, to protect the value of the homes
throughout their life. The common areas
include any walkways, access areas, fences,
                                                     Benefits of a Body Corporate
gardens, walls and roof of the buildings,
lighting and retaining walls. Does this              A structure is set up, in advance, to control
section allow for the inclusion of building          the management of the insurance and any
elements and internal retaining walls-these          common areas. Funds are put aside, in
are detailed in the table attached to the            advance, to pay for these.
Encumbrance-just checking.

                                                     How does a Body Corporate Work
Benefits of a Residents Agreement                    The rules are stated in a Body Corporate
A structure is set up, in advance, to control        Agreement.
the insurance and the future maintenance             The Body Corporate annual costs are shown
of the common areas. Funds are put aside,            in the Body Corporate Agreement.
in advance, to pay for these.
                                                     The Residents generally meet on an annual
                                                     basis, and can vote and agree to use a
How does a Residents                                 different Body Corporate management.
Agreement Work                                       Residents can also vote on the matters that
                                                     affect them.
The Residents Agreement states what
is to be done.
The Residents Agreement requires a
common account to hold any funds for
future repair of any common areas.
The residents vote, using a majority vote,
at an annual meeting of the residents.

                         Building the Most Liveable Country
                                                Page 18
80 AWAROA ROAD

Proposal for Administrative Services

                  Page 19
80 AWAROA ROAD

Proposal for Administrative Services

      Building the Most Liveable Country
                     Page 20
80 AWAROA ROAD

Proposal for Administrative Services

                  Page 21
80 AWAROA ROAD

Proposal for Administrative Services

      Building the Most Liveable Country
                     Page 22
80 AWAROA ROAD

                                         Rent Appraisal

Rental appraisal

Property address:                                     Units 1 and 3-6 – 80 Awaroa Road
Suburb:                                               Sunnyvale – Auckland
Bedrooms in main dwelling:                            2
Bathrooms:                                            1
Sleep out / Rumpus rooms:                             N/A
Garaging:                                             One outdoor parking space provided per unit
                                                      except for unit 2
Main Features:                                        Brand new modern units offering tenants
                                                      luxuries not seen in typical older homes. We like
                                                      the open plan, warmth and layout. Great area
                                                      close to all amenities
Road front / down a drive:                            Common access and road front

Current state of property:
Off plan to be constructed

Proposed renovation (if any)

Appraised rent range:                                 $495 - $525 per week (approx.) unfurnished
                                                      $530 - $560 per week (approx.) furnished

Kind regards,

Anyos Gonczy (B.Bus)
Director
0212722073 - anyos@inspireproperty.co.nz
DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the
information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal
liability for same.

Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546
Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz

                                                               Page 23
80 AWAROA ROAD

                                         Rent Appraisal

Rental appraisal

Property address:                                     Unit 2 – 80 Awaroa Road
Suburb:                                               Sunnyvale – Auckland
Bedrooms in main dwelling:                            1
Bathrooms:                                            1
Sleep out / Rumpus rooms:                             N/A
Garaging:                                             Off street parking
Main Features:                                        Brand new modern unit offering tenants
                                                      luxuries not seen in typical older homes. We like
                                                      the open plan, warmth and layout. Great area
                                                      close to all amenities
Road front / down a drive:                            Common access and road front

Current state of property:
Off plan to be constructed

Proposed renovation (if any)

Appraised rent range:                                 $445 - $475 per week (approx.) unfurnished
                                                      $480 - $510 per week (approx.) furnished

Kind regards,

Anyos Gonczy (B.Bus)
Director
0212722073 - anyos@inspireproperty.co.nz
DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the
information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal
liability for same.

Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546
Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz

                        Building the Most Liveable Country
                                                                Page 24
80 AWAROA ROAD

                                       Why buy in Auckland?
                                     Here’s how New Zealanders get rich.
                                       Article originally appeared on stuff.co.nz on February 26, 2019

Property investment is probably the closest anyone can get to           He said many people felt there was more domestic control
a legitimate “get rich quick” scheme.                                   over housing than other forms of investment, such as buying
It’s generally not all that quick to begin with, but once the           shares.
returns start rolling, investors increase their net worth at            “Housing is driven by local construction, bank lending and
speed.                                                                  the like, whereas stock markets can shift based on sentiment
Success often goes something like this: You save a deposit to           and a critical news story.”
buy an investment property (or use the equity in your own               Olsen said the stock market crash of 1987 had influenced a
home). You ride the wave as property values rise and give you           generation of New Zealanders away from shares.
more equity, or you renovate and add value to the place                 “They were uninformed about shares then and made bad
yourself.                                                               investment decisions, are still uninformed about shares, but
You then use the equity in that property to buy another, then           feel that they understand property much better, or at least feel
possibly another.                                                       they have better information or control over their
There are risks, of course. The market could tank and you               investment.”
could be left holding houses that are worth less than the               But investor Graeme Fowler, author of 20 Rental Properties in
mortgages you owe against them. You might have dodgy                    One Year, cautioned there was a lot to learn about investing.
tenants trash the place.                                                “There are a lot of potential things that can go wrong. If you
But it’s the main way that most New Zealanders get from                 look at any product, service, industry, there are people that
“average” to “pretty well-off, thanks for asking”.                      become multimillionaires through it and also those that don’t
                                                                        do well or even lose everything.”
Of the top 20 people on New Zealand’s rich list, almost half
built their wealth through property investment.
                                                                        WEALTH CREATION
Among them is Sir Michael Friedlander, worth $1.85 billion
                                                                        Mortgage adviser Glen McLeod, of Edge Mortgages, said there
with an “empire of office buildings, retail strips and industrial
                                                                        was a “direct corrWelation” between property investment and
properties,” according to the Rich List.
                                                                        wealth creation.
Even Rod Duke, who is better known for his investment in
                                                                        “The wise investor tends to know when to purchase and
retail business Briscoe Group, owns $50 million of residential
                                                                        collect property. They also know when to develop and sell to
and commercial property.
                                                                        continue to be able to grow the portfolio. Not every investor
                                                                        understands what is required to build wealth.
WHY?
                                                                        “I believe that property has been for a long time the best way
Property is such an effective route to wealth because
                                                                        to build wealth. When the market has dips and recedes, the
you don’t always have to have a lot of money to start off with.
                                                                        investor can ride it out with time and continue to grow the
Unlike shares, which you generally buy outright,                        asset value.”
you can borrow a significant amount against a property.
                                                                        He said the most important thing was to reduce debt and have
That leverage brings risk - if you had a 10 per cent deposit            strong cash flow to enable the portfolio to continue to grow.
and prices fell 10 per cent, your money would be wiped out.
But it also amplifies gains. If you had bought a median-priced          WOULD A CGT CHANGE ANYTHING?
Auckland house in 2012 with a 10 per cent deposit, you’d have           McLeod said he was unconvinced that a capital gains tax, as
turned that $55,000 deposit into $300,000-odd of equity.                recommended by the Tax Working Group, would mean any
Economist Brad Olsen, of Infometrics, said people who hit               fundamental change.
major financial success usually did so via property or a                “It may just be a mindset change, and realising that paying
successful business. But starting a business is less accessible         tax on profit would now be part of the state rug. If losses are
to most.                                                                ring-fenced to the company that may yet offset any tax
“A small business is also a lot more intensive in terms of              liability faced. I’m personally not a fan of CGT. I feel that if a
workload - you have to continue to innovate, otherwise                  New Zealander works hard to get ahead and builds wealth by
you’ll be left behind or a competitor will muscle you out,              working hard and taking a risk to invest in property and uses
and to be fair you also need a dose of luck with business               their income to reduce debt and see their capital value grow
generally. Whereas with housing you can simply just sit                 then those are the perks of working hard.”
there and watch it increase in value - in a growth market -             Olsen said it should not be assumed a lack of capital gains tax
after you’ve invested.                                                  was what had fuelled investment in property.
“The effort to reward ratio is a lot lower for housing,                 “Investing in property in New Zealand is often seen as a final
so it’s simpler to invest and make good returns for                     nest egg people can invest in. It’s viewed as more secure.”
limited effort compared to small business.”

                                                                   Page 25
80 AWAROA ROAD

                                 Why buy in Auckland?
                                       What the property market
                                        holds in store for 2019.
                              Article originally appeared on nzherald.co.nz on December 29, 2018

Auckland home buyers need to get in quick - city house           Dominick Stephens, chief economist with major bank
prices could leap to record highs by this time next year,        Westpac, also believes a fall could be coming.
one property pundit predicts.
                                                                 He said while there had recently been a small uptick in
Infometrics economist Paul Barkle says that while                Auckland prices due to buyers having access to record
Auckland house prices have stagnated for close to two            low interest rates, his team “unambiguously” anticipated
years they are set for an almost 10 per cent jump next year      this would be temporary.
followed by sustained increases through to mid-2022.
                                                                 “Later next year, changing tax policies will impact the
Behind the forecast price rise is an acute shortage of           market, and we firmly anticipate that house prices will
houses. By Barkle’s estimate the city needs at least             fall when mortgage rates (eventually) rise,” Stephens said.
45,000 more homes.
                                                                 OneRoof editor Owen Vaughan also believed the greatest
But the news is not so rosy for homeowners outside the           risk to prices could come from the introduction of new
Super City, with national prices poised to ease next year        taxes.
from current record highs.
                                                                 “The big unknown for Auckland, and the rest of the New
“By the end of next year we expect house prices in               Zealand, is whether the Government will apply a capital
Auckland to be 9 per cent higher than in December 2018           gains tax across the board and remove the current tax
compared to a slight decline in national prices of roughly       breaks property investors enjoy,” he said.
1 per cent over the same period,” Barkle said.
                                                                 “Both moves could suck the oxygen out of the market.”
Should Barkle’s forecast play out, it would push
                                                                 Nick Goodall, head of research for analysts CoreLogic,
Auckland property values to new highs.
                                                                 on the other hand, expected prices to gently rise across
Last month, the city’s median price reached $867,000 -           New Zealand by between 3 to 5 per cent next year.
or 3.7 per cent below the record price of $900,000 set in
                                                                 He said Government moves to ban foreign buyers,
March 2017, according to the Real Estate Institute of NZ.
                                                                 impose new taxes on home owners and ensure landlords
National house prices, meanwhile, are already at record          spent money on their properties so they were healthy and
highs with a November median price of $575,000.                  warm for tenants all acted as brakes on house prices.

Not all pundits agree with Barkle’s upbeat forecast.             However, he tipped these would be offset by continued
                                                                 low interest rates in 2019, a slight loosening on lending
Devon Funds managing director Slade Robertson said
                                                                 criteria allowing banks to more easily approve home
New Zealand’s housing market was due for a fall, with the
                                                                 loans and Auckland’s continued undersupply of housing.
real question being: ‘Will it be a crash or a correction?’
                                                                 The key thing to watch would be whether new
He said strong economic growth since the Global
                                                                 Government taxes and regulations drove property
Financial Crisis had been driven by central banks
                                                                 investors out of the housing market or not, he said.
cutting interest rates and printing money.
                                                                 James Wilson, valuation director for analysts Valocity,
This access to cheaper loans helped send house prices
                                                                 echoed this sentiment, saying he expected Auckland
skyrocketing in many Western countries, including
                                                                 property values to remain subdued in 2019.
New Zealand where Kiwis have become so heavily
mortgaged that they labour under a household debt to             “Overall value growth will be in line with what we saw in
income ratio of 166 per cent.                                    2018 - between 1 per cent and 2 per cent,” he said.

Robertson noted that the growth cycle had turned in              “However, we may see more growth in fringe suburbs and
Sydney, Melbourne, London, New York and Vancouver                in certain sub-markets, such as flats and apartments,
where property prices were falling.                              which are comparatively more affordable than other
                                                                 property types.”
If this sag in investor confidence hit New Zealand and
combined with rising interest rates, then the housing
market could take a slump as Kiwi families falter under
their high debt loads, he said.

                                Building the Most Liveable Country
                                                            Page 26
80 AWAROA ROAD

                             Why buy in Auckland?
                                    Population fast approaching
                                       five million this year.
                            Article originally appeared on radionz.co.nz on January 10, 2019

New Zealand’s population could hit five million               “There are these year-to-year fluctuations in the
by the end of the year.                                       components of population growth, so in the last year
                                                              our population grew at 1.9 percent, but it was only as
At the moment, according to the Stats NZ population
                                                              far back as 2012 that the population grew at 0.5
clock, the number is closing in on 4,934,000.
                                                              percent over the year.
Stats NZ senior demographer Kim Dunstan said
                                                              “It was growing as fast as 2.1 percent in 2016 and 2017.”
given current trends, New Zealand’s population
could reach the five million milestone by the end             However, when overseas visitor numbers are taken
of 2019, or early 2020.                                       into account, in a measure of how many people are
                                                              physically in the country at a particular point in time,
Based on forecasts around births, deaths and net
                                                              Mr Dunstan said the five million mark has probably
migration, Stats NZ estimates that the country’s
                                                              already been hit.
population increases by one person every five
minutes and 26 seconds.                                       “In the summer months, that is when we have
                                                              relatively high numbers of visitors from overseas and
The 4,000,000 milestone was reached back in 2003,
                                                              relatively few New Zealanders overseas, hence the
but Mr Dunstan said that over the last few years, the
                                                              number of people physically in New Zealand tends to
population has grown particularly quickly.
                                                              peak in those summer months.”
In the year ending September 2018 the population
                                                              New Zealand’s population reached one million in
had grown by 90,000, he said, but net migration was
                                                              1908. The second million was reached in 1952.
trending down and the population estimates would
be revised once the final Census results were out.            The population hit three million in 1973 and four
                                                              million in 2003.

                                                        Page 27
80 AWAROA ROAD

                                          Testimonials

                                         Reviews taken from Google.

The game changers. Making              I have dealt with Matthew and        I recently had an amazing
likely the biggest positive impact     Blair on different occasions         experience with Williams
in the housing sector in NZ.           and have found them very             Corporation. Highly professional
Well done. With their amazing          approachable and down to earth.      team that offered multiple,
quality at the most affordable         I strongly believe in their vision   affordable yet high quality
level, delivered in a straight up,     in building Christchurch a very      apartments to view. I love what
no nonsense manner, it’s not           affordable place for home buyers.    these guys are doing offering
surprising. You can’t go               The quality of their build is very   modern inner city living which
wrong. 5 stars++.                      solid, design is quite modern and    is just what Christchurch needs.
                                       I will personally recommend          Highly recommend.
— Steve Rolston
                                       anyone to buy a property
                                                                            — Sharaine Barrett
                                       through them.

                                       — Nathan Miglani

Williams Corporation are an            I have Always found this             A property development
ethical company focused on high        company to conduct themselves        company that captures all levels
density living. All houses are         and build their properties to a      of generations and provides
designed to be affordable to buy,      very high standard. They make a      unique innovative design of
affordable to live in, affordable to   priority in making sure both their   central city accommodation.
maintain and are modern and            housing and customer service is      The 2 Masterminds behind this
stylish. The customer service is       the optimum. Great people that       are Matt and Blair, who have
great, more often than not the         go above and beyond and so very      great passion in living in the
company directors themselves           personable as well.                  Christchurch city CBD. With
will meet with you in person and                                            some anchor projects finishing,
                                       — Yvonne Wallis
are genuinely passionate about                                              their projects are likely to prosper
what they do and want to build                                              and re-breathe new lives into the
homes that their customers will                                             Garden City.
enjoy living in.
                                                                            — Pleayo Tovaranonte
— Rose Bos

                                  Building the Most Liveable Country
                                                      Page 28
80 AWAROA ROAD

              With limited options available,
              make sure you enquire today.

Office                           Unit 4, Level 1, 245 St Asaph Street,
                                 City Centre, Christchurch 8011
                                 Phone 03 260 0604

Contact our Sales Consultants
                                             Stephen Pike +64 27 524 5002
                                             stephen@williamscorporation.co.nz

                                             Matt Withington +64 27 496 6524
                                             matt.withington@williamscorporation.co.nz

                                             Greg Freeman +64 21 220 9290
                                             greg@williamscorporation.co.nz

                                             Maxine Thomas +64 21 990 252
                                             maxine@williamscorporation.co.nz

Find us on online
                                             facebook.com/WilliamsCorporation

                                             williamscorporation.co.nz

                                   Page 29
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