Duke & Cooke

Duke & Cooke Property News
Property News from the Nelson Tasman Region

Published on: 23rd August 2008

HOME AFFORDABILITY IMPROVING
SQUEEZE MIGHT SEE CYF HOME REOPEN
LOGGING TRUCK ROUTE CAUSES WORRY
MORE THAN 100 HAVE SAY ON CITY CENTRE STRATEGY
NELSON’S SUNNY DAYS EXPECTED TO LIFT ENERGY LEVELS
TOWER FEARS TO BE AIRED
PROPERTY WATCH

HOME AFFORDABILITY IMPROVING

People buying their first home in Nelson and Marlborough need to be earning at least $1111.46 a week after tax for their mortgage to be considered affordable, according to the latest Wizard Home Loans Affordability index. The monthly assessment of housing affordability found that homes in the region became more affordable for first home and typical home buyers in July, compared with the previous month and the same time last year. A mortgage is considered affordable if the weekly payments are 40 percent or less of weekly take-home pay. The report attributes falling interest rates for making houses more affordable in July.

(The Nelson Mail, Tuesday 19 August 2008)
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SQUEEZE MIGHT SEE CYF HOME REOPEN

Child, Youth and Family is considering reopening its Green St family home, following concern from community groups that Nelson’s young people desperately need more temporary housing options. CYF Upper South operations manager Helen Aiken said the agency was “beginning to explore” how the home could be used most effectively. She said CYF still owned the Tahunanui house, which last closed in late 2006 due to difficulties with finding suitable family home caregivers. Nearby residents had complained about the house and young people living there before it closed. CYF statistics show that as of June 30 this year, there were 126 Nelson children and young people aged up to 16 living in “out-of-home placements”.

(The Nelson Mail, Wednesday 20 August 2008)
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LOGGING TRUCK ROUTE CAUSES WORRY

A large increase in logging trucks expected to start rumbling through residential Nelson streets within days has some residents concerned for their safety. The increase in logging activity from the Maitai Valley forests could start as early as today and comes after large numbers of trees were blown down during last month’s storm, Hardy St resident Miranda Van Dyke said. Some of the trucks will be travelling down Milton St as they head to Port Nelson. This follows a voluntary agreement about five years ago between Carter Holt Harvey, which was the valley’s major logging company at the time, Nelson’s Safe Streets Association and the Nelson City Council that logging trucks would avoid Milton St when possible and use the Collingwood St route to State Highway 6 before heading to the port. Ms Van Dyke, who lives at the Milton St end of Hardy St, said Milton St was too narrow for trucks and the bends and corners on the Milton St route meant they had to change speeds often, increasing noise.

(The Nelson Mail, Friday 22 August 2008)
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MORE THAN 100 HAVE SAY ON CITY CENTRE STRATEGY

Nelson’s hanging baskets and central city trees are firm favourites on a wish list of how people want to see the city in future. However, there is ample room for improvement, according to the themes that have emerged from a public meeting in early July and a report to the central city strategy steering group this week. Nelson’s connection to the sea and Maitai River needed improving, with many believing the city had “turned its back on the water”, city council environmental policy planner and strategy project manager David Jackson said. He compiled the report based on more than 100 public submissions to the strategy, which revealed several key themes, including the need to make Nelson more pedestrian-friendly and allow it to develop a stronger identity. “There was a lot of comment about the compact, pedestrian-friendly central city, but it was also an area people wanted improvements the most,” Mr Jackson said.

(The Nelson Mail, Friday 22 August 2008)
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NELSON’S SUNNY DAYS EXPECTED TO LIFT ENERGY LEVELS

Nelson could become New Zealand’s first “solar city”, after the city council agreed to spend half the $40,000 needed for a study into how to encourage wider use of solar energy systems. Newly-formed Richmond company Energyshift Ltd has offered $20,000 towards the joint study, with an early aim of setting up a pilot scheme to install solar water heating systems in 10 Nelson homes, paid for by home owners. The ultimate aim was to install solar energy systems in 1000 properties in the first year of operation, Nelson city councillors heard yesterday. The feasibility study would look into benefits provided through the bulk purchase of solar heating systems, and the potential for accessing greater government subsidies for the scheme. It would also look at whether the council could provide loans for such units, which cost up to around $5500, repaid through rates in a way similar to the current Clean Heat Warm Homes Scheme.

(The Nelson Mail, Friday 22 August 2008)
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TOWER FEARS TO BE AIRED

Nelson’s anti-cellphone tower campaigners will address a parliamentary select committee next month, as the fight against the towers heats up nationally. Ban the Tower spokeswoman Sue Grey said the local government and environment select committee had invited the group to make a submission as a result of its 3000-signature petition asking for a ban on towers near schools and houses. The group took on Telecom this year and succeeded in getting the corporate giant to delay erecting a cellphone tower next to the Atawhai Playcentre until late 2009. Miss Grey said she and others had done a lot of research on cellphones and cellphone towers, and they remained concerned about the possible health risk from electro-magnetic radiation.

(The Nelson Mail, Saturday 23 August 2008)
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PROPERTY WATCH

Stoke section sells
A 1928sq m Stoke section once rumoured to be owned by Microsoft founder Bill Gates has been resold, Summit agent Ian Richards says. Mr Richards sold the section at 112 Panorama Drive to its American owners – not Bill Gates – about six years ago for $150,000. It was listed with him again about 18 months ago with a recently advertised price of $375,000, and has now sold to local owners. While Mr Richards wouldn’t reveal the sale price, he believes it would be a record high for a section in the Stoke area.

Townhouses pre-sold
Townhouses in the Ernest Rutherford retirement village at Stoke are selling before construction begins. Debbie Versey, sales manager for Ryman Healthcare which owns the village, said she released plans for another seven two and three-bedroom townhouses last week, with two having since sold and another two being put “on hold” by prospective buyers. They range in price from $299,000 to $399,000. “We’re really pleased with the way the Nelson community has responded to the village.” The care centre with 34 resthome and hospital beds was “absolutely full”, all but about three of the 46 townhouses that were already complete or under construction had sold and the 44 serviced apartments were about three-quarters full, she said.


Bookshops closing, for sale
A Bridge St bookshop is closing down while a Hardy St bookshop has been advertised for sale “below set-up cost”, both less than a year after opening. Former Hamilton accountant Wendy Monaghan opened a Poppies franchise store in Hardy St last August and it has been advertised for sale through Summit for stock at valuation $40,000 plus offers for plant. Ms Monaghan declined to comment on the circumstances but said she had decided to continue trading through the Christmas to New Year period. The owners of Books to Inspire in Bridge St also declined to comment, citing personal circumstances.


New owners for Bin Inn
Nelson Bin Inn owners Jim and Janet McDougall have sold their business through Summit commercial agent Bevan Dixon to new local owners who are due to take over on September 1. The McDougalls once owned three Bin Inn stores, this being the last one they have sold. It was named the region’s Top Shop in 2007. Mr McDougall said it was “time for a change”. He plans to take a few weeks off, get a job and have an overseas holiday next year. Mr McDougall and Mr Dixon wouldn’t disclose the sale price. The shop had been on the market since May which was quick for a business sale in any market, Mr Dixon said.


Nine houses for auctionHarcourts was preparing to have nine houses up for auction last week and several have sold but none under the hammer. Principal Paul Hedwig said two sold when unconditional offers were presented prior to auction. A “full house” attended the auction and most of the seven properties received bids but none that were acceptable to the owners on the night, Mr Hedwig said. One sold immediately after and three of the remaining six properties have since received offers but only one has sold. Meanwhile, Harcourts New Zealand has launched a new Visa Gold credit card for its team members and people selling their property through the agency. Vendors who get one of the new cards will be able to charge their marketing costs and other expenses to the card and not have to pay interest for up to 120 days from account opening.

(The Nelson Mail, Saturday 23 August 2008)
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This publication is compiled by Duke & Cooke Ltd, valuation and property specialists. The information contained within this newssheet has been obtained from various local sources and no responsibility is held for any parties relying on the accuracy of this information without obtaining independent verification.

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