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Market Comments: Residential September 2017

There were 67 sales in September 2017 compared to 81 for the same month in 2016 and 87 in 2015. The total number of sales for the year to date is 691, compared to 771 for the same period in 2016 and 773 for 2015.

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.


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.

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.

Market Comment: Residential June 2017

The average time to sell in June was 33 days with the average for the last 3 months of 32 days. The 12-month average is 28 days. This indicates the pace of the market has slowed slightly with a reduction in demand leading to longer marketing periods.

Market Comments: Commercial May 2017

The local commercial property market has maintained a steady level of sales activity since 2012. Analysis continues to show a strengthening of yields for well located, securely leased properties with a high seismic rating while those less favourably located, with shorter lease terms or a low seismic rating have seen a weakening of yields.

Market Comment: Residential April 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.

Market Comments: Commercial September 2016

Market overview of the Nelson/Tasman Region
The Reserve Bank continues to manipulate the Official Cash Rate intending to control the market and monitor inflation. With inflation continuing to run below 1%, the Official Cash Rate was lowered in August by 25 basis points to 2.00% with the intention of increasing economic activity.

Market Comments : Rural December 2015

Market overview of the Nelson and Tasman Region
The need for a water storage dam in the Waimea Plains is well understood by major water users, including industrial water users, the Tasman District Council (TDC) and environmental groups such as Fish & Game NZ and Forest & Bird as well as irrigators. It is not so well understood by the urban community who have an expectation that the TDC will always provide their water needs.

Market Comments : Residential - October 2015

Market overview of the Nelson & Tasman Region
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 have to make quicker decisions regards buying a property especially in the lower price bracket.