News and Publications

Property News - 21 October 2021

‘People are living in sheds’

Real estate agent Karen Steadman says she could rent out 12 homes and sell another dozen in Murchison – if only they were available.

They’re not. She had just one three-bedroom home advertised for sale on Wednesday. It looked like another agency also had one home on offer.

‘‘There’s not one for rent in town,’’ Steadman said.

People from Wellington, Auckland, ‘‘all over the place’’ were interested in moving to Murchison, the southernmost settlement in Tasman District, about 120km south of Nelson.

(Nelson Mail, Monday 21 October 2021)

Flood risks re-surface during library debate

Nelson City Council will undertake negotiations on a land transfer for a planned new central library, at the same time as engaging with the community on the proposal.

Councillors voted on Tuesday to allow negotiations on a land exchange with Wakatu Incorporation to run in parallel with the programme’s community engagement, governance and financial processes.

Council officer Andrew White recommended the change, in the council’s library ‘‘decision-making timeline’’ report. Officers had realised there could be a ‘‘significant void’’ of up to six months, where the council was not engaging with the community on the project, if council stuck to wording that land negotiations needed to be completed first, he said.

(Nelson Mail, Monday 21 October 2021)

Accommodation providers struggling while Auckland remains locked down

Each time Jacinda Ardern steps up to the podium to announce the latest alert level decision, Jane Cunliffe holds her breath.

Then, when the lockdown continues, she watches the cancellations come through.

‘‘It’s taking away every weekend that we were fully booked,’’ the owner of Appleby House and Rabbit Island Huts said.

The business opened five years ago, wanting to offer a more ‘‘Kiwi’’ accommodation experience. It took off – particularly with European tourists – and was regularly fully booked, Cunliffe said. Then Covid hit.

(Nelson Mail, Friday 15 October 2021)

Shop set to sport a new tenant

Another store from Cotton On is set to move into the old Stirling Sports site after the brand beat off two other bidders for the prime retail spot.

Colliers Nelson director Geoff Faulkner says the quick turn around of the shop is part of a retail resurgence on Trafalgar St, with any vacant shops along the street being snapped up quickly.

‘‘They had to beat off two other competitors for the shop.’’

Cotton On already has a shop on Trafalgar St and Cotton On Kids on Hardy St, but it was taking over the Stirling Sport site to add an extra shop, not replace existing ones, he said.

The company’s brands include Cotton On Kids, Typo, Cotton On Body, Rubi, Factorie and Supre.

(Nelson Mail, Friday 15 October 2021)

Record prices, but house sales fall

Median house prices in Nelson and Tasman skyrocketed to record-setting levels last month, increasing by around 25 per cent since September last year.

The median price in Nelson City in September was $802,000, up from $644,165 in the same month last year. The median price in Tasman District was $860,000, a 27.4 per cent jump since last September’s median price of $675,000.

The median prices were record-setting in both Nelson and Tasman.

The numbers are the latest data from the Real Estate Institute of New Zealand (REINZ), indicating both high prices and low listing numbers across the top of the South Island.

REINZ chief executive Jen Baird said Nelson’s record high prices were matched with record low sales. Just 57 properties sold there in September – ‘‘its lowest September sales count ever’’. In the same month last year, 110 properties were sold.

Tasman sale numbers, while not record-setting for September, also dropped, from 106 in September 2020 to 57 in the same month this year.

Sale numbers in both Nelson and Tasman were slightly up from the numbers in August this year, with 55 properties sold in each region that month.

(Nelson Mail, Saturday 16 October 2021)