News and Publications

Property News - 16 October 2017

Kohatu Park team revved up by progress

It could soon be pedal to the metal for the long-awaited Kohatu Park, near Tapawera.

Park board member Aaron Adcock said it was hoped a required upgrade of the intersection of Olivers Rd and Motueka Valley Highway would get under way this financial year. That would help build momentum for the plan to develop a regional motorsport and adventure park.

Concepts for the park include a 3.5km car racing track, a rally circuit, drag racing strip and karting track as well as a mountain biking park, a luge and zorb track, a campground and picnic area.

(The Nelson Mail, Monday 9 October 2017)

Our most expensive streets revealed

While the housing market slows across much of the country, people living on Nelson’s most expensive road have netted capital gains of nearly $160,000 over the last year, new data shows.

Victoria Rd in Stepneyville heads a list of the city’s priciest streets, with houses estimated to be worth $1.334 million there on average, according to the figures from Homes.co.nz.

That’s up from $1.176m the year before.

The Cliffs, Richardson St and Whitby Rd, all in Britannia Heights, made the top five, with the median estimated value there between $1.141 - $1.298m, a rise of more than $125,000 on the year before.

In Tasman, Aporo Rd remained the most expensive, with properties estimated to be worth an average of $1.395m compared to $1.292m the year before.

Three per cent of houses sold in Tasman made a loss, with losses falling over the past four or five years, Corelogic’s head of research Nick Goodall said.

House values across the region were being driven by low interest rates, strong migration and a lack of supply versus demand, he said.

The average value of a property in Nelson is $545,565, compared to $539,866 in Tasman.

Those values rose by 2.5 per cent and 0.8 per cent respectively over the last quarter.

(The Nelson Mail, Wednesday 11 October 2017)

Hospice closer to fundraising target

The Nelson Tasman Hospice has received another funding boost as the build of its new facility in Stoke gets under way.

Pub Charity has donated $566,366 to the capital fundraising campaign for the new building which is due to be completed in early 2019.

Nelson Tasman Hospice chief executive Frans Dellebeke said the donation would go a long way towards achieving the fundraising target.

The hospice is contributing $7.5 million to the project and that leaves $1.5m to raise through grants and in-kind donations and $2.5m from the community.

More than $800,000 has been donated in grants, which included $250,000 recently from the Rata Foundation.

Hospice by the numbers

(The Nelson Mail, Wednesday 11 October 2017)

Little Rock nightclub bedding down in new spot

A building that’s been a destination for Nelson night revellers for decades has been bought by property developers.

Little Rock nightclub on Bridge St is moving to the former site of the Shark Bar further down the street towards town, when the club’s lease expires next April.

The building has been bought by property group Gibbons, who didn’t return calls yesterday.

Corey Taylor now co-owns the Little Rock club with his father, former Nelson hospitality association branch chairman, Ron Taylor, who has moved to Christchurch.

The club will take up half of the new site, with the other half comprising a bar called Taylor’s that opens next weekend.

(The Nelson Mail, Saturday 14 October 2017)

Thought for the Week

We learn from history that we learn nothing from history

(George Bernard Shaw)