News and Publications

Property News - 25 August 2020

Petition gathers steam against Maitai plan

Save the Maitai campaigners say they have collected 7000 signatures opposing a proposed subdivision in the Kaka-Maitai Valley.

Campaign spokesman Tony Haddon said he was confident the petition would reach 10,000 signatures soon.

Campaigners are calling on the council to not accept any proposal it receives requesting the rezoning of land in the Maitai from rural to residential zoning which would permit large scale subdivisions.

(Nelson Mail, Monday 17 August 2020)

New offices down by the riverside? No, says council

Nelson’s main council offices look set to be refurbished, at a cost of $16.5 million, after the city council voted for a plan to renovate, rather than move them elsewhere.

But some opponents warn that renovating Civic House could end up costing more than relocation in the face of climate change, despite being cheaper in the short term.

Nelson City councillors voted 8-4 to develop a business case to renovate Civic House, during a public excluded section of a council meeting last week, the council revealed on yesterday.

Councillors were asked to decide between three options: redeveloping the existing Civic House building on the corner of Trafalgar and Halifax streets; colocating it along the Maitai River with the Elma Turner Library and any climatorium; or relocating it elsewhere within the CBD.

The net cost of refurbishing Civic House was estimated to be $16.5m, compared to $32.7m to construct a new building, including the income derived from selling the existing building, a council media release said.

(Nelson Mail, Wednesday 19 August 2020)

High St upgrade gets nod

High St Motueka is earmarked for a government-funded $6.8 million upgrade.

Minister for Rural Communities and West Coast-Tasman MP Damien O’Connor yesterday announced the planned investment, saying it would come from $3 billion set aside for infrastructure projects in the Covid-19 Response and Recovery Fund.

The main street of Motueka is a key section of State Highway 60, which runs between Nelson City and the visitor hotspots of Kaiteriteri, Abel Tasman National Park and Golden Bay. It often has bumper-to-bumper traffic during summer.

(Nelson Mail, Friday 21 August 2020)

Why is it so hard to buy a home?

Rising prices, decreasing affordability and insatiable demand have been the hallmarks of the housing market in Nelson and Tasman over the past few years.

Even with the beginning of lockdown, some real estate agents say they had their biggest March sales on record – and then had a strong bounceback in June and July.

Housing in Richmond has undergone huge growth in the past five years, yet agents say the expected strain on the market from expatriate Kiwis coming home ‘‘is a little scary’’.

As of July, both Nelson City and Tasman District were among the most expensive places to buy a house, with average values of $662,000 and $645,000 respectively, according to CoreLogic data.

Since 2015, average prices had risen by 52 per cent each in Motueka to $576,000, in Wakefield to $590,000, and Riwaka to $560,000.

(Nelson Mail, Saturday 22 August 2020)

We should all be worried about the state of housing

Housing continues to be one of the biggest issues for Nelson and Tasman. Outside of Auckland, Tasman District is the second least affordable region for the second year running, followed by Nelson City.

We thought it was grim when Stuff looked at Nelson’s housing sector four years ago. The region’s median house price had hit $450,000, up from $360,000 in 2015.

But things have only become worse. Much worse.

The average house price for July in Nelson is now an eyewatering $662,839, Quotable Value says. Meanwhile, in Tasman, you will need 38.7 per cent of the average income to service the mortgage payments on the average house price of $645,722.

It’s not just those wanting to realise the New Zealand dream of home ownership feeling the pinch.

Average rents have also sharply increased – up from $324 in 2015 to $426 in July in Tasman, and from $306 to $398 in Nelson.

(Nelson Mail, Saturday 22 August 2020)

Pressure builds for new school

Parents fear that land earmarked for a new primary school in the rapidly growing area of Richmond will be lost to development if the Government doesn’t secure it now.

The Ministry of Education has confirmed that it has secured a site for a new primary school in Richmond West, but it said the details were commercially sensitive.

Nelson MP Nick Smith provided The Nelson Mail with a map of the site for the potential school, off Berryfield Drive in a development known as The Meadows.

About 450 homes are due to be built in The Meadows. They are among about 1500 new properties planned for the Richmond West Development Area as a whole.

(Nelson Mail, Saturday 22 August 2020)

The grinding treadmill of renting

Next month, Isabelle and her three children will move out of their rented home. It will be their third move in two years but with no luck on the house hunting front, Isabelle is preparing for the possibility of moving into emergency housing.

REINZ House Price Index data for Nelson shows that, since 2009, Nelson-Tasman property prices have risen by 86 per cent. With that first home out of reach for many, home ownership is at a 70-year low, and one in three Kiwis now live in rental housing.

The 2018 government report A Stocktake of NZ Housing painted a grim picture of renting in New Zealand.

Queen Street Holiday Park manager Adele Admiraal gets two or three phone calls each day asking if there are any caravans for rent. There are none available, and she hates breaking this news to people who are often at the end of their tether. Some cry down the phone.

(Nelson Mail, Saturday 22 August 2020)

Residents locked out of Golden Bay’s rental market

The dire state of Golden Bay’s rental market has seen one mother and her three children live in 16 different homes over the last 19 years.

The popular holiday destination northwest of Nelson has a market saturated in short-term leases, such as Airbnb and other providers, leaving residents struggling to find long-term accommodation and others homeless.

(Nelson Mail, Saturday 22 August 2020)