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Final Release in highly desirable Wigram Skies

Positioned in sought after Wigram Skies, Checketts Townhouses on Corsair offer the ultimate in urban living.

Checketts Townhouses is a brand new residential development consisting of 11 well-proportioned, high quality townhouses.

Along with easy access to the popular Wigram Skies development ‘The Landing’, residents can also enjoy numerous green spaces, walking tracks, childcare and primary school facilities.

These townhouses provide total comfort and contemporary living in one of Christchurch’s’ most popular suburbs.

With a range of 3 bedroom ,2 bathroom and 2 bedroom, 1 bathroom homes available, there is an option to suit all requirements and budgets.

These homes have been designed with easy, low maintenance living in mind. Each unique floor layout has been thoughtfully designed to optimise each individual section and outlook.

The open plan dining, kitchen and living spaces flow seamlessly into the generous, north facing outdoor living area to maximise morning and evening sun.

To find out more contact Stephen Pike on 027 524 5002.

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Expansion of Girls High School zone to match Boys High.

Pauline Duthie, principal of Christchurch Girls High School, recently announced the zoning expansion for Girls High School to match Boys High.

The Christchurch Girls High School zone now stretches from the corner of Tuam and Colombo streets to the corner of Blighs and Papanui roads. This now includes Riccarton, St Albans and Ilam which were previously excluded.

Zoning changes will take effect in time for 2018 enrollments which will open later this year.

Our English Park Townhouses are positioned in a prime location at 113-115 Cranford Street, situated in both the Boys and Girls High School zones.
These two story architecturally designed north facing townhouses are ideal for anyone wanting to secure an affordable 4 bedroom family home. Priced from $670,000, contact us today to find out more.

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June 2017 Newsletter

Despite the cooler winter temperatures and the uncertainty a General Election brings, new homes sales in Christchurch are still performing well.

Halswell, Wigram and the Selwyn district remain consistent in their popularity to buyers seeking a home in a location with easy access to amenities and not largely affected by the hassles experienced in the inner city and eastern suburbs.

Winter time also reminds home owners of the need for warmth and comfort that a new home offers. The rise in utility costs over the colder months can make a new home that meets the latest standards in home energy efficiency all the more appealing.

Horncastle have been successfully offering completed house and land packages for over 25 years. Over the

coming months we will be releasing new and exciting projects designed to meet the changing needs of the home owner. Whether they be a first time buyer, empty nester or an astute investor, we will be offering a range of new home options to suit every stage in life.

‘Built by Horncastle’ is a term used by many of our customers when it comes time to sell their home. It is a testament to the high quality of workmanship, after sales care and attention to detail that we give to each of our homes.

Customers look to companies like Horncastle to provide them with this level of expertise and experience.

Stephen Pike
Sales & Investment Manager

Final release in Wigram Skies – Register your interest.
The final stage in sought after Wigram Skies is soon to be released. Choose between a range of two and three bedroom townhouses in this highly desirable subdivision. Register your interest today to secure your new home.


The ideal first home or investment in the central city.

Priced from $449,000, these 3 bedroom townhouses at 139 Stanmore Road enjoy north facing, private outdoor areas, freehold titles and dual access off Stanmore Road and Haast Street. Find Out More.

Priced to sell at $539,000.
This spacious 169m2 home at 88 Shillingford Drive in popular Faringdon is completed and available for you to move into today. Situated on a large 564m2 section, this desirable home comes with 3 bedrooms, 2 bathrooms and 2 car garaging. Find Out More.

Be in the zone on Cranford.
Christchurch Girls High zoning has now been expanded to match Boys High. Our English Park Townhouses are positioned in a prime location at 113-115 Cranford Street, situated in both the Boys and Girls High School zones. Find Out More.

This opportunity wont last long.
Completed and ready to move into now in Millbridge Estate, Leeston. 3 bedrooms, 1 bathroom, 1 car garaging, 118m2 homes in a reserve setting. Priced to sell at $405,000, contact us to secure your new home today. Find Out More.

Final two in popular Ashbrook.

Take the opportunity to secure your new home in our highly sought after Ashbrook development. Our final two homes in Stage One are completed and ready for you to move into today. Perfect for young families, retirees or first home buyers, these homes not only offer great value but an opportunity to be part of a vibrant community. See Full Specs.

Choosing the finishing touches for your bedroom.

The bed is the centerpiece of any bedroom. Aiming to make this the star attraction can transform even the most boring bedrooms into a space that reflects your personal style. Read More.

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April 2017 Newsletter

The first quarter of the year is now behind us as we head into the winter months.

We have successfully secured land in Auckland and Christchurch where there is high demand.

For 2017 90% of our builds are pre sold homes which we are completing construction on and delivering to our customers over the coming 12 months.

The Auckland market continues with the challenge of a housing shortage and with a forecast of a net migration influx of 150,000 people over the next 3 years it seems that catching up is near impossible.

We are seeing that the market is seeking builders that they can trust to undertake their builds in a timely fashion without compromising quality.

A majority of builders require pre sales and other conditions before construction which can be fraught with danger. All of our house and land options are funded and construction programmes in place. All deposits are paid to a solicitor trust account offering buyers full protection should something go wrong.

Our reputation as a trusted brand for over 25 years adds additional comfort to the decision to buy a Horncastle home.

Stephen Pike
Sales & Marketing Manager

New Releases Now For Sale

Auckland

Arran Point
We have secured some of the best sections in long awaited Arran Point, Millwater were we have just released our 16 townhouses on Arran Point Parade. Architecturally designed by Tim Devine these 189 sqm homes offer double garaging, fee simple title and two level living on the north facing site. Priced from $1,149K these are exceptional value and are sure to sell fast. Find Out More.

Pokeno
A very successful development by one of Australasia’s biggest developers Fulton Hogan. We have house and land packages available in both Pokeno Village and larger lifestyle sections in Kowhai Downs. Find Out More.

Timberland Drive
Only one left! This 3 bed home plus rumpus room on a 525sqm section is under construction and waiting for a family or empty nester. Priced to sell before construction completes this is a must see for anyone looking at a new home in Millwater. Find Out More.

The Grange
We have a variety of 3 bedroom homes available for sale with construction due to be completed in December 2017. Each on a fee simple title and walking distance to shops, these homes offer great value in growing Warkworth. Find Out More.

Kingsway Village
Only 5 homes left! Priced from $789K these 2 bedroom townhouses are ideal for a couple or investor. Horncastle Property Management have strong demand to tenant this design of home and offer a rent guarantee for 2 years. Find Out More.

Christchurch

English Park Townhouses
Located at 113-115 Cranford Street, these 190sqm, 4 bedroom homes are positioned within the Boys High School zone and offer family living without the large section to manage. Each home is on a fee simple title and enjoys sunny indoor outdoor living. Find Out More.

Prestons Park
Directly opposite the successful Prestons sub division we have only a few house and land packages left. This area is quickly developing with new schools, shops and infrastructure. Visit our new showhome at 23 Prestons Park Drive, Wed – Sun 12 – 4pm. Find Out More.

Stanmore Road Townhouses
These two level homes meet both the owner occupier and investor needs. Priced from $485,000 these are one of the best opportunities to enter the property market in a prime central city location. Find Out More.

Choosing the right splashback for your home.
There may be a seemingly multitude of options to choose from, however this guide on some of the most common splashback materials will help you select your ideal splashback. Read More.

Free Christchurch Seminars
With 25 years experience in the building industry we have gathered a wealth of knowledge both within our business and with our business partners. Our Investment seminar and Design and Build evening were a great success. We will be continuing to run these 60 minute presentations throughout May and June. Check our website for the next date or email us with your suggestions of what you would like to see at our next seminar.


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Investment Update – Reserve Bank.

Last month the Reserve Bank Governor released new restrictions to lending that would take effect on September 1st.

Banks have started to implement these restrictions already, but the nuts and bolts of the changes are:

  • For investment properties banks are now forced to require at least a 40% deposit for the majority of the loans they issue.
  • For owner-occupied property banks require a 20% deposit on the majority of their loans.
  • Loans that are exempt from the existing LVR restrictions, including loans to construct new dwellings, would continue to be exempt. At present many banks are struggling with this exemption however lending rules seem to favour new homes over existing.

NZ Property Investors Federation executive officer, Andrew King, has said that experienced and better resourced investors would see this as an opportunity as many smaller investors will be forced out of the market for the time being. The banks still have 5% of lending for investors at their discretion so it is worth enquiring to see if this is an option. Investor borrowers may wish to spread borrowing across multiple lenders (split banking) to avoid LVR grouping. Some investors may also wish to consider non-bank providers who are not bound by these restrictions. This gives equity short investors an opportunity, albeit with a higher interest rate.

The Residential Tenancies Act being considered makes an investment in new property much more favourable.

  • Minimum standards for insulation and health and safety requirements will mean added cost for existing homes. All of our homes already meet this new standard.
  • Being a new home there is no or little maintenance for a number of years. All of our homes have a 10 year Masterbuild guarantee.
    There is greater tax advantage for depreciating chattels on a new property.
  • New homes attract a higher quality of tenant with long term lease arrangements. The start point for tenancy is a brand new home and our property managers look to return property to the same standard at the end of tenancy.
  • Horncastle is the only company that offers full property management with the option of rent guarantees for new homes.

It will be interesting to see how these restrictions play out from September 1st moving forward. If you are considering purchasing an investment home, or adding to your existing portfolio, Horncastle Homes has a variety of property options that may be suitable. Feel free to call or email if you would like to discuss the options specific to you.

For more information, contact Matt Withington: 027 496 6524

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Changes to KiwiSaver

How can KiwiSaver get you into a brand new home?

On the 1st of August 2016 Housing New Zealand announced changes around their HomeStart grants for first time new home buyers, making it easier for KiwiSaver members to afford a brand new Horncastle home.

If you have been a contributing member of KiwiSaver for 3 or more years you can now apply for a HomeStart grant of up to $10,000 on new builds if purchasing individually or up to $20,000 if purchasing with another KiwiSaver member.

With housing caps of $650,000 for the Auckland region and $550,000 for the Christchurch region, a quality Horncastle Home is now even easier to get into.

Read more about the KiwiSaver HomeStart grants here or contact the Horncastle Homes team to discuss a housing option to suit your budget.

For more information, contact Matt Withington: 027 496 6524

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Have you upgraded your smoke alarms?

In May 2016, Parliament passed a law change to amend the Residential Tenancies Act (RTA) with regards to smoke alarms and insulation, amongst other smaller changes.

These amendments have been introduced with the aim to reduce fire-related injuries and deaths and to make homes warmer, drier and safer for the million New Zealanders who live in rental accommodation.

How will this affect you as landlords? Well, as of the 1st July 2016, all residential rental properties are required to have working smoke alarms installed within three metres of each bedroom door and sleep-out, and there must be a minimum of one working smoke alarm on each level of the property.

The landlord is responsible for making sure smoke alarms are in working order at the beginning of every new tenancy, and the tenant is responsible for replacing batteries (if required) during their tenancy.

Smoke alarms that are newly installed, or which replace expired or faulty ones, must be long life (10 year) photoelectric smoke alarms, however hard-wired smoke alarms are also acceptable.

As of the 1st July 2019, all residential rental properties in New Zealand must be fitted with ceiling and floor insulation as a minimum (although some minor exemptions apply). The minimum thickness of ceiling insulation has been set at 70mm covering all accessible areas above habitable spaces. Timber subfloors are required to have underfloor insulation in reasonable condition, covering all the accessible subfloor area beneath habitable spaces. Concrete slabs count as underfloor insulation. These requirements will bring properties to a minimum standard as per the 1978 Building Act. Some properties may be eligible for insulation subsidies.

As of 1st July 2016, further to the smoke alarm requirement, all new tenancy agreements must state the level of insulation in the property, whether it be up to the 2019 requirement or not.

In immediate summary of impacts, all properties must have working smoke alarms in the correct placement from the 1st July 2016, and all new tenancies must state the level of insulation. As such, it would be an offence for this information to be omitted from the Tenancy Agreements that our office create. Horncastle Property Management has been working with select contractors on a fixed price of $75 + GST to assess properties coming up for re-letting to supply a report on what level of insulation is currently fitted in the property, along with a cost of $35+ GST per required smoke alarm. The installation cost of fitting these smoke alarms is included in the base assessment fee. If it has been established that your rental property does not have working smoke alarms, your Property Manager will contact you to discuss having one of these assessments take place.

Our comprehensive Property Management software has the ability for us to track the expiry date of the smoke alarms and record notes on the level of insulation to make the re-letting process faster and more efficient and to ensure that your property is compliant with the new legislation. Whilst these amendments to the act sound daunting, the immediate cost implications are low.

Your Property Manager will be in touch in the coming months to discuss if your property or properties are non-compliant and will work with you to ensure the most cost effective solutions for you.