News and Publications

Property News: 11 June 2018

Landowners to pursue legal opinion over storm damage

Some Tasman district landowners affected by ex-Tropical Cyclone Gita are pushing ahead with plans to seek a legal opinion on whether any entity can be held accountable for some of the damage.

Gita hit the region on February 20, dumping heavy rain that led to multiple slips in pockets of Tasman district. The slips brought down large amounts of silt and debris, some of which came from plantation forests.

Max Clark and Lyn Rombouts live alongside Shaggery Creek, off Motueka River West Bank Rd. Their property was badly affected by the storm, as the usually docile waterway turned into a torrent that carried a huge debris load, including vehicles and logs.

The couple helped to organise a public meeting in mid-May where more than 35 attendees were asked to consider contributing towards the cost of obtaining a legal opinion, estimated to cost between $5000 and $6000 plus GST.

(The Nelson Mail, Wednesday 6 June 2018)

Nelson owners cream it from property sales

Nelson property owners banked $52.1 million from property sales during the first three months of 2018, according to new figures from CoreLogic. The company’s first Pain and Gain report for the year showed that Nelsonians made an average of $180,000 per resale. Total losses from resales dropped from $36.6m to just $27.2m, showing few people are concerned enough about the market outlook to push through quick sales for a lower price. Aucklanders continued to get the lion’s share of median profits per resale at $352,000, followed by Tauranga ($236,500), Wellington ($227,400) and Hamilton ($195,000).

(The Nelson Mail, Wednesday 6 June 2018)

Tahuna Camp looks to the future

The future of the Tahuna Holiday Park is in good hands after the Nelson City Council stepped in to assist in its governance, according to a camp board member.

Last week, the Nelson Weekly revealed that the council has stepped in to help the camp after its cafe was found to have lost $250,000 in the last two years.

It also was more than $900,000 in debt, largely on the back of a $1.3 million loan that the council granted the Tahuna Camp Incorporated Society several years ago.

The council appointed a business adviser to the society to ensure “the ongoing viability and sustainability of the camp”, as well as ensuring it complies with its governance obligations.

The council, which owns the land, also only just renewed the society’s lease for a year – a week out from the lease expiring. However, society board member Eric Davy says everything is under control.

“We are not in debt. The reason for the loan was to upgrade some of the infrastructure and camp facilities that were run down and needed replacing.”

(The Nelson Mail, Tuesday 5 June 2018)

Radar used to find way through cemetery

Ground-penetrating radar has been used to help find the route for a planned water pipe through the grounds of the historic St John’s on the Hill Anglican church at Wakefield, near Nelson.

The high-tech machinery was used to help ensure the proposed route would not disturb any unmarked graves in the church cemetery. The bodies of more than 100 people are known to be buried in unmarked graves at the site.

St John’s is believed to be the oldest surviving parish church in the South Island and has been registered under the Historic Places Act.

The pipeline will traverse the graveyard to connect a planned new Wakefield Water Treatment Plant, earmarked for a site at Spring Grove, to the existing reservoirs off Edward St.

(The Nelson Mail, Frday 8 June 2018)

Grandstand to stay in the Bay for now

In an 11th-hour twist, the Tasman District Council has postponed its plans to demolish the Golden Bay grandstand.

Contractors were on Monday due to start work tearing down the more than 100-year-old structure.

However, in a statement yesterday afternoon, the council said it had been advised by the contractors that they ‘‘will not be able to begin work as planned on Monday’’.

The old building was to be removed as part of the development of the new Rec Park Centre, with the space it occupies earmarked for car parking.

(The Nelson Mail, Saturday 9 June 2018)

Property values in region matching national trends

Buying or selling a house in Nelson city or Tasman district remains a half-million-dollar proposition but is still cheaper than the New Zealand average, according to new figures.

The latest monthly QV House Price Index shows nationwide residential property values for May increased 6.9 per cent over the past year, while values rose 0.8 per cent over the past three months.

The nationwide average value is now $677,996. When adjusted for inflation, the nationwide annual increase drops slightly to 5.8 per cent.

Nelson residential property values rose 6.2 per cent in the year to May but dropped 1.3 per cent over the last quarter.

Meanwhile, values in Tasman have also continued to rise, up 6.4 per cent year on year and 0.6 per cent over the past three months.

The average value in the city is now $560,473, while Tasman district is now $569,064.

In comparison, Christchurch values made no improvement to stay at $495,148, Napier rose 16.3 per cent to average $507,441, and Hamilton rose 3.1 per cent to average $553,873. The average value for the Auckland region is now $1,054,729, while the average Queenstown Lakes District property would fetch $1,153,155.

The most affordable of the 15 listed areas was Invercargill, at $264,630.

(The Nelson Mail, Saturday 9 June 2018)

Thought for the Week

Courage is like a muscle. We strengthen it by use.

(Ruth Gordon)