Wendy Rogers is retiring after 35 years of service and Teresa is joining us as the new Office & Finance Manager.

While demand for dairy farms in the district remains subdued with potential buyers being very cautious and watchful, the demand for pastoral land remains steady and there is strong demand for vacant parcels of horticultural land. That strong demand for horticultural land is likely to result in further increases in value, particularly for well-located properties with reliable water supply.

Hardly a week goes by without media reports about methamphetamine (meth). New Zealanders are becoming increasingly aware of meth contamination in properties caused not only by manufacture but also by use of the drug by its occupants or visitors.

On 7 August 2015 Fonterra announced that the advance payout to dairy farmers for the 2015/16 season would be reduced to $3.85 per kilogramme of milk solids (kgms). That payout represents a 54.7% decrease on the record payout of $8.50 per kgms for the 2013/14 season and the lowest payout since 2002/03 of $3.63 per kgms. The final payout for the 2014/15 season is yet to be finalised but is provisionally forecast at $4.65 per kgms.

Following on from our article Effects of the Global Financial Crisis and The Christchurch Earthquake on Nelson Commercial Property (Outlook – Issue 1, 2015), we also consider it relevant to discuss what effects these two events have had on the motel accommodation market in our region. It’s fair to say that the effects have been significant.

We constantly hear in the media about the Auckland housing crisis. We believe the crux of the matter is a basic supply and demand issue. That is to say a lack of supply of housing, plus excess demand, equates to the current housing crisis.

In late 2014 the Tasman District Council (the council) released a discussion document on the Councils proposed funding model for the Waimea Water Augmentation Dam that is to be situated in the Lee Valley. That discussion document was open to public submission.

The Nelson commercial property market has changed significantly in the past several years because of two significant events: the Global Financial Crisis of 2007/08 and the Christchurch earthquakes of 2010/11.