News and Publications

Property News: 8th June 2015

SURVEYORS ANXIOUS AFTER LEAN BUDGET HOLDS BACK LANDONLINE REVAMP

Surveyors say the Government’s decision to delay the replacement of Land Information’s massive Landonline computer system is ‘‘short-sighted’’ and the country could lose its ‘‘world-leading position’’ in handling property transactions.  Land Information New Zealand has put the project on hold after it failed to get approval for the project in the Budget.  Deputy chief executive Russell Turner said it still expected the project to go ahead, but the intended benefits of the proposed new system, the Advanced Survey and Title Services system (ASaTS), would be delayed.  Property buyers and sellers ultimately bear the cost of transferring land titles and registering new subdivisions.  The conveyancing costs of buying or selling a home typically amount to about $1000, although only a small portion of that is Land Information’s fees. Landonline was described as a ‘‘world first’’ when it was completed in 2003, digitising paper land records and allowing surveyors and conveyancers to file land title and survey documents electronically.  The move from paper to digital records allowed the department to close many offices and cut its workforce from 821 staff in 1997, before it embarked on Landonline, to fewer than 450.

(The Nelson Mail Tuesday, June 02 2015)

UPGRADE WILL COST MORE

Tasman has found a further $6 million from budgets for the upgrade of Richmond’s stormwater and underground infrastructure and landscaping.  The staged project, which is due to start next year, will now cost the council about $14.7m, up on earlier estimates of $8.7m.  Project manager and the council’s project delivery manager, Russell McGuigan, said the cost increase was driven by recent modelling which showed there was not enough space under Richmond’s Queen St to carry stormwater from other parts of the Richmond catchment.  The council was looking at increasing the capacity of the Beach Rd drain and-or the Poutama drain, as well as possibly putting a drain down the edge of the Richmond A&P Showgrounds, which would carry excess water away from the Beach Rd drain.  McGuigan said water would be collected through catchment projects at the top end of town and channelled first into underground pipes in Queen and Oxford streets. The secondary flood paths for excess water would be the roadways of Oxford and Queen streets.  The project was not just about protecting Richmond’s business district. Nearby areas, like McGlashen St, also currently suffered from flooding in heavy rains.  The projects would also see upgrades in roading, water and wastewater networks where needed.  They would begin next year and run through to 2019 and later.

(The Nelson Mail Thursday, June 04, 2015)

SHOOTERS MAY GET NEW HOME

A potential new indoor cricket venue at Saxton Field could also house the Nelson Smallbore Rifle Association, members have been told.  Wednesday’s meeting followed the news that the association’s current building, the Barton Smallbore Rifle Range in Rutherford Park, will be demolished next year and it needs to move out by December.  Association president Alan Gibbs said the council was wrong thinking it had the right to demolish the building. It could not do this, as the association was still the building’s owner.  Rainey, the community services committee chairman, said a new indoor cricket facility at Saxton was still only a possibility, but he saw potential for a range to be built there if it went ahead.

(The Nelson Mail Friday, June 05, 2015)

CHEAPER HOMES UNLIKELY AS HOUSING PACT SIGNED

Tasman councillors have reluctantly ratified the district’s housing accord with the Government while doubting it would make any inroads into housing affordability.  And they criticised the Government’s unwillingness to address what they saw as the root causes of high house prices, including record migration and high regulatory costs imposed on the building industry.  The accord’s housing target would see 130 new homes built annually in Tasman over 2015 and 2016.  Its priorities included enabling a mix of housing types, encouraging developers to build more quickly and have more confidence in the council and to better align public infrastructure and private housing development investments.  Bush-King said the council had rezoned land for housing in recent years and was working with developers on issues like intensification and infrastructure supply.

(The Nelson Mail Saturday, June 06, 2015)

"THOUGHT FOR THE WEEK"

Knowledge is knowing

A tomato is a fruit

Wisdom is not putting

It in a fruit salad.

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