Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Value still to be had in central Auckland

Value still to be had in central Auckland

Press Release: Harcourts

4 April 2014


Otahuhu is the last undervalued suburb in central Auckland where it is still possible to get a family home for $300,000.

Owner of the new Harcourts Otahuhu office Preet Grewal says although he already has an office in Manukau City, he wanted to expand in order to service the huge demand he is expecting in Otahuhu.

“Otahuhu is only 15 minutes from the Auckland CBD and I believe it’s undergoing the same transformation that Ponsonby did. It has plenty of old villas and people are starting to realise there is no better value for money close to the city centre.”

With New Zealand’s largest shopping centre Sylvia Park just five minutes away, Mr Grewal thinks Otahuhu will not remain undervalued for long.

Well-known sales consultant Mushtaq Sheikh has accepted the position of branch manager.

Mr Sheikh, who has worked within the Otahuhu community for years, says he can tell the suburb is on the cusp of change as many of the big brand chain stores are moving into the area.

“When a suburb starts becoming attractive to the big chains, it’s a sure sign more people are moving into the area,” Mr Sheikh says.

Harcourts Otahuhu opened for business on 1st April and marks a milestone for Preet Grewal, who opened his Manukau office less than two years ago.

Mr Grewal started the business with three staff - himself, a licensee/manager and a new-to-the industry sales consultant. That was in April 2012. Today the office employs 30 full time staff and have also diversified into commercial property, opening a NAI Harcourts branch above their residential office on Sharkey Street, Manukau.

As well as hiring experienced staff, there are a large number of newly qualified sales consultants in the business. Mr Grewal chooses people he believes are natural salespeople and mentors them personally, drawing on his years of experience in the real estate industry both in New Zealand and the United Kingdom.

It’s a formula that’s working, with his team achieving outstanding results.

The same winning formula will be put in place at the new Otahuhu branch to achieve the best results for their clients.

Harcourts CEO Hayden Duncan says Preet & Co Real Estate Limited is one of the fastest growing Harcourts’ franchises internationally. There are some 780 offices worldwide.

“Preet and his team are excellent operators and offer their customers the level of service that will quickly make Harcourts Otahuhu the place to go when buying or selling in the area.”

Harcourts Otahuhu is located at 123 Atkinson Avenue, Otahuhu.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: