News and Publications

Property News: 25 March 2019

Market's future to be decided

Nelson City Council will tomorrow vote on whether the licence for the city's iconic Saturday market in Montgomery Square will be renewed.

The licence, which expires on July 31, was debated at a governance committee meeting earlier this month.

The committee will make a recommendation at Thursday's full council meeting whether to renew it or not, based on all available information, says Nikki Harrison, group manager corporate services.

(The Nelson Weekly, Wednesday 20 March 2019)

Natureland debate opened to public

The Nelson public will be asked how they want to fund Natureland, despite the Nelson City Council not reaching a position itself.

The council is asking for public submissions on the funding for the Natureland Trust in its Long Term Plan. Natureland has indicated that it may not be able to continue operating with the current level of council funding of $170,000 per year.

In its Annual Plan document, the council has included the options presented in a letter sent to it by the Natureland board earlier this year.

These include increasing the funding to the trust to $248,000 per year; Natureland reducing the level of service it offers with the current funding model; seeking tenders and expressions of interest from other parties to run the Tahunanui zoo; or Natureland closing down.

(The Nelson Mail, Saturday 23 March 2019)

Rates set to increase after plan tweaked

Rates in Nelson are expected to rise following adjustments made by the Nelson City Council in its Annual Plan.

The council adopted in principle its consultation document for the 2019/2020 Annual Plan at a meeting on Thursday.

Several proposed amendments from the 2018/2028 Long Term Plan have been made, including a 0.3 per cent increase in rates.

If approved, rates will increase from 3.9 per cent to 4.2 per cent.

In the council’s consultation document, one of the main reasons given for the change was the movement in significant operating costs, including higher staff costs and slower than predicted growth in rating units.

Compared to forecasts in the Long Term Plan, both operating expenditure and revenue have increased.

Total operating expenditure is set to go from $111.9 million to $113.6m, while revenue has jumped from $128m to $130.3m. While rates are set to go up, the council’s debt level will be dropping significantly, from a projected $121.5m to $96.7m.

Submissions on the consultation plan will be open to the public on March 29, with submissions to be received by council by 5pm on May 2.

(The Nelson Mail, Saturday 23 March 2019)

Welcome Lindsay Williams - Rural Valuer

Duke & Cooke are pleased to welcome Lindsay to our Rural Valuing Team.

Lindsay is a registered valuer specialising in rural property.  Lindsay has over 15 years’ experience valuing pastoral land with a particular interest in chicken broiler and egg units, and dairy goat operations.

Lindsay Williams

Welcome Sam Ayers - Graduate Valuer

Sam joins our Commercial Team after qualifying with a Bachelor of Business Studies (Property) from Massey University.

After travelling overseas and playing representative soccer, Sam has now decided to settle with his partner in Nelson, his hometown.

Sam Ayers

Thought for the Week

Thought for the week