ACT 1982
Vendor report
INFORMATION
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109 New Homes, Auckland and Wellington
Week three: 21.02.2025 – 28.02.2025
OFFICIAL
Vendor Kāinga Ora
Salespersons Gerald Rundle, Jason Seymour and Grant Young
Weeks on market Three
Method of sale Deadline Private Treaty (will not be sold prior) closing 4pm, Thursday 13th
March 2025 at Bayleys House, 30 Gaunt Street, Auckland
bayleys.co.nz/1698758
Residential / Commercial / Rural / Property Servic 1
es

Campaign overview
Friday 28th February 2025
Dears 9(2)(a)
We are pleased to provide you with our third progress report for the portfolio:
Since our last report we have been undertaking the following:
• Responding to enquiry
• Following up with prospects
• Undertaking inspections
• Clarifying information and responding to questions.
Marketing
Print media advertising for the campaign is now complete with advertising maintained through various web
listings.
ACT 1982
General Commentary
We are now in the last two weeks of the campaign and the level of new enquiry has tapered off with limited
new interest. Our focus is on the parties actively engaged in the portfolio or who are still determining whether
to progress to more detailed due diligence. s 9(2)(ba)(i)
Market Conditions
REINZ recently released the January 2025 report which ANZ summed up with the following key points.
• The nationwide REINZ House Price Index (HPI) rose 0.1% m/m as Auckland prices rose 0.4% m/m while
prices in Wellington fell 0.4% m/m to be down 4.5% y/y, keeping the title of the worst performing market
in the country. Prices in Canterbury fell 0.8% m/m
• Sales fell 1.3% m/m in January, falling to near the bottom of the historical range for this time of year (figure
1). However, providing an offset, sales volumes for December and November were both revised higher with
sales for December up 9.6% from what was initially reported. Sales volumes are typically underreported in
INFORMATION
the initial release. Broadly, the upward trend in sales volumes remains in place.
• Median days to sell fell by 1 to 47. Looking through the month-to-month volatility, the three-month moving
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average has stabilised, though at 47 it is well above the long-run average of 39.
• Total housing market inventory rose in January, reflecting a surge in new listings. New listings were the
highest recorded for January going back to 2015. However, the lift followed a surprisingly weak December
which looks to be related to the timing of the festive holiday period. The elevated level of stock sitting on
the market currently is likely to restrain house price growth in the near term.
BNZ released its latest Eco-Pulse report this week which included commentary on the residential rental market
as follows;
Against this backdrop, listings in both the rental and real estate markets continue to float upwards. On our
OFFICIAL
count, available rental listings on Trademe, at roughly 12,400, are running 60% above levels prevailing this
time last year.
Yes, the overall rental market is now larger than it was, but this picture of excess supply holds even after
adjusting for this. Rental vacancy rates – available listings as a share of total tenancies – have also lifted
strongly in all regions (ex-Otago) and particularly so in Wellington and Auckland.
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The data from these two reports confirm the sentiment and feedback around the market we reported last
week.
The oversupply of unsold housing stock is resulting in bulk and portfolio offers in the market as parties
attempt to clear backlogs. However we consider the Crown offer to have greater appeal particularly with all
ACT 1982
the units being complete with compliance certificates, having never been occupied, and offering scale and
diversification in location.
Enquiry
A full list of enquiries including an outline of each parties current status is attached to this report.
Parties who have indicated at this time that they retain an interest in the property and may submit an offer are
listed below (ranked category on the attached enquiry sheet). As a priority, we will keep in contact with these
parties to answer any questions and to assist them in completing due diligence and preparing their offers.
s 9(2)(b)(ii)
INFORMATION
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There are another 42 groups (ranked category B on the attached enquiry register) that have engaged in
discussion but are still considering the details of the opportunity and whether to participate in the offer
process.
s 9(2)(ba)(i) OFFICIAL
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s 9(2)(ba)(i)
Should you have any queries with the above, please do not hesitate to contact us.
Kind regards,
1982
THE
Gerald Rundle
Jason Seymour
Grant Young
ACT
+64 27 286 4620
+64 21 607 999
+64 21 988 613
[email address]
[email address]
[email address]
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
CAPITAL COMMERCIAL 2013 LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
LICENSED UNDER THE REA ACT 2008
LICENSED UNDER THE REA ACT 2008
UNDER
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Enquiry/feedback
Rating Name
Company
Comment
s 9(2)(a)
s 9(2)(b)(ii)

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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
s 9(2)(a)
s 9(2)(b)(ii)
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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
s 9(2)(b)(ii)
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Enquiry/feedback
Rating Name
Company
Comment
s 9(2)(a)
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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
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Enquiry/feedback
Rating Name
Company
Comment
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Marketing activity
Magazine
Date
Total Property magazine + e-magazine – Bespoke Double Page
07 Feb 2024
Print media
Date
NZ Herald OneRoof Commercial press advertisement (Saturday) 10cm x 11col
08 Feb 2025
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The Dominion Post - Commercial press advertisement Saturday 3 x 6
08 Feb 2025
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NZ Herald OneRoof Commercial press advertisement (Saturday) 10cm x 11col
15 Feb 2025
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The Dominion Post - Commercial press advertisement Saturday 3 x 6
15 Feb 2025
NZ Herald OneRoof Commercial press advertisement (Saturday) 10cm x 6col
22 Feb 2025
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The Dominion Post - Commercial press advertisement Saturday 3 x 6
22 Feb 2025
NZ Herald OneRoof Commercial press advertisement (Saturday) 10cm x 6col
01 Mar 2025
The Dominion Post - Commercial press advertisement Saturday 3 x 6
01 Mar 2025
Digital media
Views
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Bayleys
390 views
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TradeMe
970 views
OneRoof
440 views
Realestate
1,417 views
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Advertising examples
Total Property magazine – 07 Feb 2025
1982
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Advertising examples
Capital Markets eDM – 10 Feb 2025
1982
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430
55.81%
10.93%
Sent
Open rate
Click rate
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Advertising examples
Corporate Projects eDM – 13 Feb 2024
1982
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24.0%
4.1%
Sent
Open rate
Click rate
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Advertising examples
NZ Herald OneRoof Commercial press advertisement 10cm x 11col
1982
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NZ Herald OneRoof Commercial press advertisement 10cm x 6col
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Advertising examples
The Dominion Post - Commercial press advertisement 3 x 6
1982
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Advertising examples
bayleys.co.nz
1982
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Activity report 21 Feb – 27 Feb 2025
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Advertising examples
Trademe.co.nz
1982
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Activity report 21 Feb – 27 Feb 2025
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Advertising examples
Oneroof.co.nz
1982
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Activity report 21 Feb – 27 Feb 2025
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Advertising examples
Realesate.co.nz
1982
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Activity report 21 Feb – 27 Feb 2025
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1982
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Bayleys Auckland Central
Bayleys House, 30 Gaunt Street,
Wynyard Quarter
09 309 6020
[email address]
Disclaimer: The information contained in this report is given in good faith and is derived from sources believed to be reliable and accurate. However neither
Bayleys nor any person involved in the preparation of this report accepts any form of liability for its contents.
Residential / Commercial / Rural / Property Services

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