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Duke & Cooke Property News |
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Published on: 2nd February 2009 HOCKEY, SOFTBALL SEEK SAXTON FIELD HOME HOCKEY, SOFTBALL SEEK SAXTON FIELD HOMEA purpose-built pavilion at Saxton Field for hockey and softball would have regional benefits and would be a long-awaited “place to call home”, Nelson Hockey Association turf spokesman Gary Wilson has told Nelson city councillors. The council’s community services committee made no decision last Thursday on a detailed recommendation for the planned $2 million development, instead forwarding it to a workshop on the council’s long-term community plan. The recommendation to the full council was that funding of $982,000 for the pavilion be included in the 2009-19 plan, and that the Tasman District Council contribute $568,498, or 28.4 per cent of the funding split. The Nelson Hockey Association and Nelson Softball Association would contribute $450,000, or 22.5 per cent of the total $2 million. The Nelson Mail, Monday 2 February 2009 FRANKLYN HALL SAGA CONTINUESFormer owner got large mortgage The Nelson Mail, Tuesday 3 February 2009 DEVELOPER SEES SURGE IN LOCAL PROJECTSThe Government’s proposed changes to the Resource Management Act could result in a surge of developments in the Nelson region, according to a prominent Tasman developer. Tasman developer Bob Haswell said it was “refreshingly brilliant” to see changes that he hoped would fast-track development. He said the changes were “good news for everybody”, including 10 to 15 of his Nelson-based friends, who he said had put developments on hold for one or two years because National had indicated that it would overhaul the act if it got into power. Mr Haswell said his acquaintances were planning tourism ventures, light industrial businesses or developments. The Nelson Mail, Saturday 7 February 2009 PROPERTY WATCHRichmond section sales dive Richmond has gone from having the most section sales in the region to having the least, and incentives are now being offered in some developments. Real Estate Institute statistics show that no sections were sold in Richmond in December, compared with 13 in December 2007. Ray White Mapua agent Mike Harvey has started advertising $15,000 worth of excavation work, $10,000 worth of appliances and a $5000 septic tank to people who buy in the Appleby Hills or Estates during March. He said the incentives were to provide a “point of difference” to other quality subdivisions also on the market. December was “traditionally a slow month anyway” but inquiries were increasing, and it appeared that one of eight sections available may have sold as a result of the promotion, he said. There were only three section sales throughout the entire region in December. One was a $500,000 property in Motueka and the other two were in Nelson – one for under $150,000 and another for $250,000 to $350,000.
Annah S store to close
Houses resell for less The Real Estate Institute now refuses to provided The Nelson Mail with publicly accessible information on individual property sales but the newspaper has become aware of several that reflect declining property values. They include a home at 6 Angelus Ave, Richmond which was purchased for $815,000 in 2007 and sold last November for $710,000; a property at 162 Queen St, Richmond which was bought for $360,000 in 2005 and sold for $345,000 last September; and a 1970s home at 5a Rainier St, Monaco which was bought for $455,000 in 2006 and sold for $442,000 in October. Meanwhile, a 1960s home at 24 View Mount, Stoke, which had a 2006 GV of $520,000, sold in December for $495,000. It was purchased just four years earlier for $380,000.
Mapua home bucks trend The sale of a four-bedroom, two bathroom home at 142 Aranui Rd, Mapua has well and truly bucked the trend of declining property values. It sold for $1.241 million in September, with settlement not taking place until November. Around the same time, Quotable Value renewed the GVs on properties throughout Tasman district. The new GV on the Aranui Rd property was just $790,000, an increase of $40,000 from three years ago. Haven Realty agent Fritz Horlemann said it was a “top quality” house with a big section. Construction of the new Harvey Norman building on Vanguard St, Nelson is running on time and on budget, Wakatu Incorporation chief executive Keith Palmer says. He expects the 7600sq m building to be completed by the end of April, followed by a three-month fitout of the store before it opens around the end of July. The $12 million development started last April The Nelson Mail, Saturday 7 February 2009 Thought for the week“If evolution really works, how come mothers only have two hands?” |
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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. To contact us regarding circulation of this service: Phone +64 (03) 5489104, Fax +64 (03) 5468668, or email: admin@valuersnelson.co.nz |