News and Publications

Property News: 4 September 2017

Bay SHA in 'wrong' location

Golden Bay residents are questioning why a Special Housing Area was approved in a popular holiday spot when families are desperate for housing in Takaka.

Building and Construction Minister Nick Smith has announced Government approval of 20 new Special Housing Areas (SHAs) in the Nelson-Tasman region, including a 70 lot subdivision in Pohara.

Golden Bay builder Steve Hambrook, from Black Dog Construction, said the Pohara sections weren’t realistic for many families on Golden Bay wages.

‘‘I’m not against the SHA – it’s good to free up sections – but it’s not necessarily going to be for the lower end market. There’s just no land in Takaka to build on. Someone needs to open up some land [for] cheaper sections to build cheaper town houses.’’

In 2013, 46 per cent of Golden Bay homes were unoccupied – the majority of those were holiday homes, with a large percentage in Pohara.

There are still 12 unsold sections from three different Pohara subdivisions that have been on the market for 13 years.

Developer Graeme Dick, of Projects and Ventures, said the council’s past growth model for Golden Bay was ‘‘inaccurate’’ in that it predicted little to no growth for the Pohara area.

Census data shows fulltime workers in Pohara increased by 14 per cent from 2006-2013 – but those not in the labour force, including retirees, increased by 28 per cent.

Dick had five enquiries about sections both from out of town and Golden Bay.

He was confident the development would free up the market by providing a range of sections from $200,000 to $400,000 and upward. It was not correct to suggest SHAs should be just for the lower end of the housing market.

(The Nelson Mail, Monday 28 August 2017)

Brook holiday park set for summer

The Nelson City Council is hoping a marketing push will see more tourists pitch up in the Brook Valley Holiday Park this summer.

The park, which was closed to casual campers in 2014 but reopened for last summer, has been the subject of much council deliberation over its future.

Council staff are still recommending a more comprehensive review of all council-owned campgrounds, as part of the Brook Recreation Reserve management plan which was adopted in principle at the end of 2015.

However, for this summer at least, Brook Valley Holiday Park will be open for business.

The campground had 596 guests between December 16 and March 31 last summer, staying a total of 668 nights.

The council decided to reopen the camp last summer to meet the expected influx of tourists detouring through Nelson in the wake of the Kaikoura earthquake.

The council also set up freedom camping zones with wi-fi, portaloos and basic infrastructure at Akersten St, Rutherford St, and Haven Rd.

(The Nelson Mail, Wednesday 30 August 2017)

First cuts for charity house

Carpentry students have helped set the foundation for a charity building project taking shape in Nelson.

The first steps in the Mitre 10 Helping Hands Helicopter home build were taken this week, with 3.7 tonnes of LVL flooring timber donated by Nelson Pine Industries. It was pre-cut by pre-trade students at the Nelson Marlborough Institute of Technology workshop.

Mitre 10 Mega Nelson has partnered with the local branch of New Zealand Certified Builders Association to build a three-bedroom, 149-square metre house at Nelson Junction in Annesbrook.

The house will be built by various members of the Nelson Certified Builders Association over eight weekends, assisted by the apprentices and pre-trade NMIT students, commencing on September 2.

Once finished, the house will be auctioned by Summit Real Estate on November 18, with proceeds going to the Nelson Marlborough Rescue Helicopter Endowment Trust.

(The Nelson Mail, Wednesday 30 August 2017)

House prices keep tenants in rentals

More tenants are staying put as hot house prices and stricter lending criteria make it harder to make the leap to a first home, new data suggests.

Trade Me has released its latest update on the rental asking prices listed on its site.

Head of Trade Me Property Nigel Jeffries said the data showed that more tenants were opting to renew their tenancy agreements rather than move out and into their own homes.

‘‘We’ve seen a 15 per cent reduction in rental listings across the country in the last year, which we’re putting down to many Kiwis staying put in their rental,’’ he said.

‘‘It’s taking longer to get a deposit together so many Kiwis are hanging on to their rental longer and staying there rather than try their luck in a tough rental market.’’

(The Nelson Mail, Wednesday 30 August 2017)

Property demand driving prices up

Growth in the housing market has slowed across Nelson and Tasman, but house prices remain steady due to a strong demand for properties.

House values in the Nelson region have risen by 13.6 per cent in the year to August and 1.9 per cent over the past three months to an average of $538,136, according to the latest figures from QV.

House values in Nelson are now 40.5 per cent higher than during the previous peak of 2007.

Meanwhile, values in the Tasman District have risen 16.1 per cent in the year (0.6 per cent in the past three months) to an average of $538,256, which is 34.0 per cent higher than the 2007 peak.

(The Nelson Mail, Friday 1 September 2017)

Spike in million dollar homes

Cashed up New Zealanders have pushed the number of properties selling for $1 million and more in Tasman district to an all-time high.

Figures from the Real Estate Institute of New Zealand show sales of million-dollar plus properties tripled in the district in the first half of this year, jumping to 22 from six in the same period in 2016.

It’s only the second time $1m-plus sales have entered double digits in the Tasman region, with 15 such ‘‘high end’’ houses sold in the second half of last year.

Million-dollar plus sales in Nelson first entered double digits in the first half of 2016 with 15 properties sold, rising to 17 in the first six months of this year.

Properties sold for $1m and more in the year to June 2017 made up 5.5 per cent of total sales in Tasman district and 3.5 per cent of sales in Nelson City, with 398 sales and 482 sales overall respectively.

(The Nelson Mail, Saturday 2 September 2017)

Bark Bay bach barged off to its new home

Bark Bay BachWith the help of a barge and some local tractor power, one of the last remaining private baches in Abel Tasman National Park is on the move.

The first section of the late Rollo Wilkinson's Bark Bay bach arrived at Abel Tasman Sea Shuttle's new Marahau base near the Otuwhero estuary earlier in the week.

Once completed, the bach will be restored and maintained as a museum piece for people to visit.

Wilkinson’s bach is one of four private baches in Abel Tasman National Park.

They are on land that was included into the national park later on.

The baches had been allowed to remain under occupation licenses for the lifetime of the bach owner as the licensee.

(The Nelson Mail, Saturday 2 September 2017)

Thought for the Week

Half an hour's meditation each day is essential,
except when you are busy. Then a full hour is needed.

(St Francis de Sales)