News and Publications

Property News: 3 April 2018

Rental market 'heartbreak'

It should be a time of celebration for Nelson couple, Nathan Te Haupai and Estella Davis.

Their third child was born just over a week ago.

But with just under two months to find somewhere to live, and very few rental properties on offer, the couple are feeling stressed.

The latest figures from TradeMe showed the number of rental listings in January was 13.9 per cent lower than the same time last year.

The median weekly rent had gone up from $360 to $395.

One local estate agent described the rental market squeeze as "heartbreaking".

(The Nelson Mail, Monday 26 March 2018)

Waimea Irrigators extend share sale deadline by two weeks

Waimea Irrigators Limited (WIL) has extended their offer on water shares for two more weeks.

Originally intending to close offers last Thursday, WIL announced on Friday that tenders would stay open a further two weeks.

Board member Julian Raine said in a statement that the the board had received "enough feedback" from landowners that people needed "more time to consider the offer".

WIL had aimed to have 3000 shares sold at $5500 with estimates of $600 in annual fees per share.

The money from the sale of shares is needed to cover part of WIL’s portion of funding for the Waimea Dam, which amounts in total to $38.6 million.

(The Nelson Mail, Monday 26 March 2018)

Rainbow Ski field seeking summer fun

A ski field on the boundary between Marlborough and Nelson is looking at ways to transform their seasonal operation into a year-round business, without relying solely on snow.

Rainbow Ski Area, in St Arnaud, is looking at ways the ski field can stay open all year-round, including transforming the ski field into a mountainbike park during the summer.

In peak season, the ski field is buzzing with snow-goers, but for over half the year the ski field remains mostly idle.

Two South Island ski fields were turning to mountainbiking as a way of luring customers in year-round.

Porters Ski Area, about an hour from Christchurch on the way to Arthur’s Pass, now boasted a 1.2-kilometre flow track jampacked with jumps and berms beside its alpine lodge, 950 metres above sea level.

It followed Cardrona Alpine Resort, near Wanaka, which opened its bike park – the highest in New Zealand – for the third season in a row last December.

(The Nelson Mail, Wednesday 28 March 2018)

Gravel extraction at quarry may re-start

Gravel extraction may resume at a Downer-operated quarry near Nelson where elevated levels of some chemicals were found in the soil used as backfill.

South Island general manager Scott Ford said Downer was likely to pursue the renewal of consents to operate the Staplegrove Farm at Waimea West.

Downer was exploring all options "with regard to the site, including resuming gravel extraction", he said.

Work at the quarry was stopped in late 2017 after elevated levels of arsenic, nickel, lead, chromium and other chemicals were found in the soil used to backfill the site.

Tasman District Council placed the property on the Hazardous Activities and Industries List (HAIL) register on September 15 following a report by a soil scientist and Downer's application to renew its resource consent was put on hold.

Ford said Downer had since commissioned Beca Ltd to carry out testing on water and soil samples.

(The Nelson Mail, Thursday 29 March 2018)

Thought for the Week

The pessimist complains about the wind;
the optimist expects it to change;
the realist adjusts the sails.

(William Arthur Ward)