News and Publications

Property News: 15th June 2015

INSULATION MANDATORY FOR RENTALS

Rental properties will have to meet a set of minimum standards under rules to be unveiled by the Government next month. The move will stop short of a full ‘‘warrant of fitness’’ for rentals but is aimed at ensuring all tenants have a safe and healthy home to live in, government sources confirmed. That is likely to include a requirement for insulation, although sources said there was still work to be done to set any standards at a practical level. It is due to be announced next month by Building and Housing Minister Nick Smith, along with an assessment of a warrant of fitness trial in state houses, and would apply to all rentals both private and public.

(The Nelson Mail Tuesday, June 09, 2015) 

AGEING HEALTH BOARD VILLAS DEMOLISHED

Several villas that were used for public health services in Franklyn St in Nelson have been demolished. The staff who occupied the buildings were public health nurses, medical officers of health, health promotion staff and health protection officers and have since moved to the new Community Health Hub in Richmond. A spokeswoman for the Nelson Marlborough District Health Board said the area would be grassed. It would remain empty until further information about the site redevelopment was available.

(The Nelson Mail Wednesday, June 10, 2015)

LITTLE MOVEMENT IN PROPERTY PRICES

Nelson does not appear to be following a trend of rapidly rising house prices in Auckland, with average house values in the region seeing a small 1 per cent rise over the past three months, new QV statistics show. The QV Residential Price Movement Index for May shows the average house price in Nelson City is $412,534, an increase of 2.7 per cent compared to May 2014, and a 1.1 per cent increase in the three months to May. Residential property values in Tasman District were also stable. The QV statistics show a slight decrease of 0.3 per cent in house values over the past three months, with a current average value of $421,024. Values have increased by 1.1 per cent since May 2014, and were up 4.8 per cent since the 2007 peak.

BY THE NUMBERS
Nelson:  Average current value $412,534; 12-month change 2.7%;  3-month change 1.1%;  since 2007 market peak change 7.7%.
Tasman:  Average current value $421,024; 12-month change 1.1%;  3-month change -0.3%;  since 2007 market peak change 4.8%.
Auckland (City): Average current value $992,227;  12-month change 16.1%; 3-month change 5.4%;  Since 2007 market peak change 51.6%.

(The Nelson Mail Wednesday, June 10, 2015)

POND'S FUTURE IN BALANCE

Impassioned pleas to keep the Modellers’ Pond haven’t fallen on deaf ears, but if Nelson’s model boat community is to stay afloat the council has said private funders must come to the party. Around 40 people packed the public gallery at yesterday’s Nelson City Council meeting, where councillors were presented with a report on options for the pond’s future and tasked with making a decision on the murky issue. There was a strong level of community support for the iconic facility at the meeting, with Tahunanui School students handing councillors a petition with 1773 signatures and counting, asking that the pond be cleaned up, and two public presentations on saving the pond were followed by loud applause, The report presented to councillors listed three options for the pond’s future, continue as is with manual cleaning, decommission the pond as a modellers’ pond, or modify it to minimise ongoing maintenance costs.

(The Nelson Mail Friday, June 12, 2015)

BROTHERS BUY PUB DAD ONCE OWNED

The historic Wakefield Hotel is set to get a spruce up under the new ownership of two brothers who lived in the establishment more than 40 years ago. Brothers Graham and Bruce Vercoe have bought the pub, which was originally owned by their father, Dale Vercoe, in the late 1950s. The brothers lived in the building as children while Dale operated the hotel for about five years. The pair have now returned to their roots and purchased the hotel from current owner Susan Fergusson. The pub will continue to operate and the pair will hire an on-site manager. They intend to revamp some of the facilities within the building.

(The Nelson Mail Friday, June 12, 2015)

COUNCIL BACKING CAMP BUSINESS

Nelson city councillors have almost unanimously backed a management plan for the Brook Valley Recreation Reserve that allows for continued residential camping and a business such as a proposed gondola. The decision at Thursday’s full council meeting follows the preparation of a 100-page draft 10-year reserve management plan by Rob Greenaway and Associates. If adopted, it will pull together variously zoned parcels of land as a gazetted recreation reserve under a reserve board, with an area set aside for a commercial development, such as the gondola being proposed by the Nelson Cycle Lift Society.

(The Nelson Mail Friday, June 12, 2015)

TROUBLE IN PARADISE

Ex Atamai business partners in financial feud that could have implications for the Motueka sustainable eco village preparing for global collapse
The Saga of Atamai
2006  Peter Myers buys 21.2 hectares in Mytton Valley in 2006 to create Atamai Village.
2008  Myers leaves after falling out with Heissner and the Santa Barbaras, citing concerns over financial sustainability.
2012  TV show Close Up airs a piece exploring neighbours concerns over the development.
January 2015  Heissner and his family go to Asia.
May 2015  Joanna Santa Barbara's company Medipsych starts legal proceedings against Jurgen Heissner's company Sustainable Villages Ltd.
The director of an eco-village promoting itself as a haven against global economic and environmental collapse appears to have holed up in Asia, facing the risk of financial ruin and fearing for his family's safety.  Creditors and the Government have claims against Atamai's former developer Jurgen Heissner, his entities and his company Sustainable Villages Ltd (SVL) seeking in total about $1 million.  Heissner said he and his entities had more than $700,000 worth of debt on Atamai properties and that SVL had debt of about $440,000 and that his associated entities owed Inland Revenue about $500,000.  A company directed by Joanna Santa Barbara, Medipsych Ltd, is applying to liquidate SVL.  Santa Barbara and her husband Jack are a wealthy expat couple who had helped bankroll aspects of the village.
What is Atamai?
Atamai was formed as an intentional self-sustainable village with up to 50 sections for high-quality, energy-efficient houses, no bigger than 150 square metres.  It hoped to become a refuge against oncoming global collapse.  Owners pay open-market prices for freehold titles and shares in common areas, including farming land and a village square with a cafe, bakery, library and a multi-use community centre.

(The Nelson Mail Saturday, June 13, 2015)

STORE TAKING A BREAK

Kitchen and homeware store Stevens, in Bridge St, has temporarily closed while earthquake strengthening is completed.  Stevens general manager Brett Nicholls said the store would remain closed for a couple of months while the repairs took place.

(The Nelson Mail Saturday, June 13, 2015)

"THOUGHT FOR THE WEEK"

Life is like a camera.....
FOCUS  on what's important,
CAPTURE  the good times,
DEVELOP  from the negatives,
And if things don't work out,
TAKE ANOTHER SHOT

Duke & Cooke Property News is a clipping service publication compiled by Duke & Cooke Ltd, valuation and property specialists. The information contained within this newssheet are excerpts of property-related articles from current local news sources. Full attribution is given for the source of the extracts in order that the reader may refer to the source articles for full information. As this publication is a clipping service only, the articles included do not necessarily reflect the opinion of Duke & Cooke, and these items are included impartially and objectively. 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 35489104 or e-mail:propertynews@valuersnelson.co.nz