Property News – 17 March 2022

Water compliance cost rises over $1.1m in next two years

Tasman District Council has approved an additional $160,000 of operational expenditure to comply with new requirements for its drinking water supplies — and says another $960,855 will be needed next year. The additional $160,000 for 2021-22 was approved by elected members during a discussion about the implications for the council of the Water Services Act 2021. Non-council water suppliers will also be affected.

(Nelson Mail, Monday 7 March 2022)

Mission to restore a Toi Toi treasure

It was the house that nobody wanted to buy.

Sitting behind the big white fence at 133 Toi Toi St, the run-down early 1900s villa was screaming out for attention when it went on the market last June.

That is until Susan Hunter laid eyes on it. “I had just moved to Nelson and put in a search for properties $650,000 and under and there were 12 results, all of which needed renovating anyway.”

The property failed to sell at auction and was sold to Susan for $416,000, which was $14,000 under its current RV.

(Nelson Weekly, Wednesday 9 March 2022)

New Hira community missing from strategy

A potential new community in Hira has been dropped from a regional strategy for future development.

It leaves a potential expansion in the Tasman Village-Lower Moutere area as the one to go out for public feedback.

Representatives from the Nelson City and Tasman District councils met via Zoom yesterday to discuss the Nelson Tasman Future Development Strategy (FDS), which outlines how they will tackle projected growth in the region over the next 30 years.

Several Nelson councillors raised concerns about the level of attention environmental issues had been given in the document, highlighting the inclusion of more potential housing in the Maitai Valley.

(Nelson Mail, Wednesday 9 March 2022)

Sale the latest step in Forestlands saga

A large French-style chateau home of Forestlands founder Rowan Kearns is being sold by receivers.

The 1144-square-metre home and sprawling rural estate at 64 Thorpe-Orinoco Rd in Ngatimoti, near Motueka, has been put up for sale by BDO accountants and insolvency practitioners Rees Logan and Diana Matchett, who have been appointed receivers of the Kearns Family Trust.

The property, which includes 27.34 hectares of land, is being sold by tender through Bayleys Nelson, with tenders closing on March 21.

(Nelson Mail, Wednesday 9 March 2022)

Dam matters dominate agenda

Forecast operating costs for the Waimea dam top $3.89 million in 2023-24, well up on a 2021 estimate of $2.5m annually, which was already a hike on the previous estimate of $1.5m.

Those operating costs are to be covered via ‘‘water charges’’. Tasman District Council is responsible for 51 per cent of the operating costs while its joint-venture partner, Waimea Irrigators Ltd, is to fund the other 49 per cent.

A council report in August 2018 outlined the council’s estimated operating costs for the dam would be $862,000 per annum.

(Nelson Mail, Wednesday 9 March 2022)

No public input into annual plan

The community will not have the chance to formally consult on the Nelson City Council’s annual plan for the first time ever, as the council has managed to stick to the plan put forward last year.

The council met yesterday to discuss its annual plan, which for the first time was not significantly different enough from the outline set out in its 10-year Long Term Plan (LTP) to trigger consultation.

Every three years the council prepares a 10-year LTP to guide its operations, and every other year it produces an annual plan, which outlines deviations from that LTP. If those changes are deemed significant, community consultation must take place.

(Nelson Mail, Friday 11 March 2022)

Forget FOMO, now it’s fear of overpaying

House-sellers in Nelson are being warned to adjust their ‘‘unrealistic’’ price expectations as buyers shift from a fear of missing out to a fear of paying too much.

On Wednesday Quotable Value (QV) released its house price index for February 2022, finding that signs were pointing to a ‘‘correction’’ of the market.

(Nelson Mail, Friday 11 March 2022)

Costly works between a rock and a soft place

The rock on which the plunge pool for the Waimea dam is to be built is so weak it can be excavated with a hose, says Waimea Water chief executive Mike Scott.

‘‘It is a very, very weak rock,’’ Scott told Tasman District Council elected members yesterday. ‘‘So rather than a rock that was so strong it had to be blasted out or ripped out with heavy machinery, you can actually sort of excavate it with a hose.’’

(Nelson Mail, Friday 11 March 2022)

Mayors disagree over Three Waters report’s impact

Nelson and Tasman mayors are at odds over whether proposed changes to the Government’s Three Waters reforms go far enough to meet community concerns.

Nelson mayor Rachel Reese said recommendations from a Three Waters working group, which she is part of, address key community concerns around ownership and the retention of a ‘‘local voice’’.

(Nelson Mail, Friday 11 March 2022)

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