News and Publications

Property News: 13th October 2014

RETAILERS INTERESTED IN RICHMOND CENTRE

Progress is continuing on a proposed shopping centre for Richmond’s Lower Queen St. Plans for the Field Junction Retail Park were announced in March, with 13 new retail premises ranging from 500 to 5000 square metres. It is to be developed by McShanes Holding, a company owned by the Field family. Project sales leader Iain MacFadyen, of Bayleys Nelson, said seven or eight retailers had shown interest in leasing or had signed an intention to lease document. They were a combination of retailers wanting to expand from Nelson or were coming into the area. Council infrastructure that was going into the area, such as the water treatment plant, roadworks and stormwater, had worked out well for the project, he said. 

(The Nelson Mail Monday, October 06, 2014) 

RECYCLING TO BE ROLLED OUT FOR TASMAN HOUSEHOLDS

Recycling wheelie bins will be rolled out to Tasman households from next year. Smart Environmental will spend around $4 million when it rolls out a fleet of new trucks, the new bins, and a partially automated sorting line next year as part of its new eight-year contract with the Tasman District Council. Chief operating officer Mark Lawson said as well as creating efficiencies, cost savings and reducing waste to landfill, the upgrades were expected to drive a 10 to 20 per cent increase in collected material. The new facility will also be open to waste from commercial businesses. Smart Environmental is spending around $800,000 on 240-litre wheelie bins which will be provided free to Tasman property owners in July for their mixed recyclable plastic, tins and cardboard. The existing blue crates will be used for glass and both will be collected fortnightly. 

(The Nelson Mail Tuesday, October 07, 2014) 

HOUSING MESSAGE TO SMITH: 'GO HARD'

Minister of Housing Nick Smith has been told by his boss to ‘‘go hard’’ in fixing New Zealand’s housing problems. Smith, given two significant and linked portfolios of housing and environment in the new Government, wants to be able to say in three years that he helped tens of thousands of New Zealanders into homes. The Nelson MP also signalled that Nelson and Tasman will be next on the list for a Housing Accord aimed at working with councils to set targets for additional new homes and fast tracking supply. Smith said he did not believe the Resource Management Act was working well in the key issue of housing and that was why Key had wanted to link the housing and environment portfolios. He believed RMA reforms and implementing the Government’s KiwiSaver Home Start initiative would help tens of thousands of people into their own homes. 

(The Nelson Mail Tuesday, October 07, 2014) 

PICTURESQUE SITE FOR SANCTUARY

A guardian of endangered species now sits peacefully in her new home next to the Maitai River. The sculpture Sanctuary by Fiona Sutherland has been relocated from its temporary home in Founders Heritage Park to the new park on the Maitai Walkway. Sutherland said Sanctuary was a girl holding a Takahe like a protector of wildlife. 

(The Nelson Mail Tuesday, October 07, 2014) 

TDC REJECTS LAND COST ARGUMENT

The Government’s claim that local government planning rules are a major cause of poverty and inequality because of their impact on house prices is overly simplistic, Tasman deputy mayor Tim King says. He was responding to comments by Finance Minister Bill English, who said yesterday that inequality in New Zealand would have improved had it not been for growing housing costs. He blamed council planning processes for helping to drive those costs, particularly in Auckland.  A total of 1000 new sections would become available across Tasman district over the next few years, he said, in addition to the estimated 1800 sellable vacant lots that currently existed.  The 1000 new sections would be from Collingwood to Tapawera and St Arnaud, but most would be in coastal growth areas and on the southern side of Takaka Hill. The number did not include proposed subdivisions at the preapplication phase.  Activity planning manager Dwayne Fisher said the crux of the issue was deciding on the best infrastructure investment for the council – or, in other words, providing infrastructure in high demand areas so ratepayer money was not poured into laying pipes to land that was unlikely to be quickly released for sale. He said the 1000 new sections coming on stream was greater than what had been on the books in recent years. ‘‘But Tasman’s growth demand is for around 250 new dwellings a year, so that’s only four years’ supply.’’  Fisher said the council had earmarked around $40 million in growth-related programmes over the next decade under next year’s Long Term Plan. Nelson city has about 500 vacant sections expected to become available in the next few years.

(The Nelson Mail Wednesday, October 08, 2014) 

CHANGES IN VALUES MAYBE A DISTORTION

Home values continue to climb in Nelson city and fall in Tasman district, but real estate agents say it is hard to pin down any trends based on the numbers. The QV Residential Price Movement Index for September, released this week, shows another increase in Nelson home values, continuing the trend from the last index. Residential property values in Nelson have increased by 1.3 per cent over the past three months, and 1.7 per cent year on year. In Tasman, values have fallen by 1.3 per cent over the past three months but are 2.5 per cent higher than in September last year. 

(The Nelson Mail Wednesday, October 08, 2014) 

RATEPAYERS HAVE SAY ON WAIMEA DAM

Who will pay what for Tasman's proposed $74.6 million Waimea Community Dam, and how it will be governed will be up for debate by Tasman ratepayers from Monday.  The long-awaited month-long process caps off a decade of work by the Waimea Water Augmentation Committee and Tasman District Council.  The work was driven by a 2001 discovery that the Waimea water resource was less than previously thought and over-allocated. If the dam does not go ahead water allocation will be cut, the council has said.  Who pay what depends on where their property lies, its value and size.  While the sums are complex, in a nutshell annual water rates on a residential Richmond home valued at $485,000 could rise between $182 to $480 under the two different funding options.  A Brightwater $5.02 million vineyard could pay between $407 to $5469 more for water.  A $270,000 home in Takaka could pay between $97 and $129 extra, while a horticultural operation which would directly benefit from the extra water, could pay between $14,820 and $25,374 more.  A newsletter will be posted to ratepayers next week outlining the proposals.  Drop-in information days and public meetings will be held around the district from October 20.  Submissions close on November 14.

HOW MUCH?Examples of dam costs to ratepayers  
Annual increase Option 1 Option 2
Properties in benefiting water supply areas
Richmond Industrial, $5.8m capital value $6698-$8852 $5953-$7867
Queen St commercial $1.2m $1073-$1427 $215-$285
Richmond Residential $485,000 $316-$420 $182-$241
Mapua Residential $540,000 $333-$443 $170-$224
Properties in rest of district
Takaka Residential $270,000 $97-$129 $97-$129
Motueka $350,000 $97-$129 $97-$129
Murchison $160,000 $117-$155 $152-$201
Properties inside zone of effect
Current permit holders
Glasshouses $10.4m $23,115-$30,143 $22,495-$29,332
Dairy $1.95m $22,529-$28,700 $30,857-$39,808
Berryfruit $1.2m $14,820-$18,605 $19,895-$25,274
Lifestyle $750,000 $2904-$3722 $3816-$4938
Non permit holders
Residential $640,000 $731-$972 $696-$1035
Lifestyle $1.17m $3956-$5270 $5459-$7493

(The Nelson Mail Saturday, October 11, 2014) 

"THOUGHT FOR THE WEEK"

Don’t mix between my personality and my attitude because my personality is ME and my attitude depends on YOU........