News and Publications

Market Comments: Residential August 2017

The 2017 year to date has seen a decrease in the total number of sales compared with the same periods in 2016 and 2015. The average time to sell in August was 29 days with the average for the last 3 months also 29 days. The 12-month average is 28 days. This indicates the pace of the market has remained constant and in a state of equilibrium.


Property News: 18 September 2017

Dam costs rise under new model: Mitre10 Fundraiser house takes shape: Emergency housing shortage: 90 years of Riverside Pool

Property News - 11 September 2017

Brook poison drop runs 'smoothly': Days Track reopens: Takaka subdivision divides: $10 million loan for Waimea dam: New hospice site gets blessing: Wairoa Gorge park gets a new lease of life: Land purchase connects Abel Tasman and Kahurangi national parks: Harakeke development changes hands: Landowners settle over dam land acquisition.

Breaking News: 5 September 2017

Media Release: Government irrigation announcement benefits Dam

Property News: 4 September 2017

Bay SHA in 'wrong' location: Brook holiday park set for summer: First cuts for charity house: House prices keep tenants in rentals: Property demand driving prices up: Spike in million dollar homes: Bark Bay bach barged off to its new home

Property Matters - 30 August 2017

Building and Construction Minister Nick Smith announced government approval of 20 new Special Housing Areas. These developments will total approximately $800 million. Most of these new homes, being approximately 1050, are to be built in Richmond West area.

Property News: 28 August 2017

New market planned for Nelson CBD: Farewell Spit eco-sanctuary partnership: SHAs put pressure on schools: Nelson's rental crisis reaching 'critical' point

Market Comments: Commercial July 2017

The local commercial property market has maintained a steady level of sales activity since 2012. Declining yields were noted for well located, securely leased properties with a high seismic rating on the back of historically low interest rates. Analysis is now showing a stabilisation of yields across all sectors. Financiers and investors remain keenly interested in weighted average lease terms and seismic rating in considering the risk profile of any property.

Property News: 21 August 2017

No dam: I'm out, says grower: 'Very ordinary house' has a stunning makeover: New look for Shoreline Cafe: Nelson's big building boom: New housing areas for 1700 homes:

Market Comment: Residential July 2017

The key drivers of population growth through migration, low interest rates, stable economy and low unemployment still combine to underpin the market creating a stable economic climate. Prospective purchasers must make quicker decisions when buying a property especially in the lower price bracket. Vendors who are prepared to meet the market are achieving successful sales.