Property News – 19 May 2022

Cabins solve housing woes

A housing project aimed at helping people living in emergency accommodation transition into stable housing has started construction in Nelson.

The Cabins for Community project would see eight single-room cabins placed at 236 Vanguard St, on land owned by Victory Community Anglican Church.

Under the direction of the Salvation Army’s Housing First programme, people living in emergency housing would be invited to live in the cabins as a way of helping them transition into permanent accommodation.

(Nelson Mail, Monday 9 May 2022)

Motueka makes the cut with $1b fund

A proposal to build 200 homes in Motueka is one of 35 projects nationally invited to enter the negotiation stage of a major Kāinga Ora fund.

The Motueka West Phase 1 Whakarewa Street Proposal has been invited to enter the final step of the Infrastructure Acceleration Fund (IAF) process.

In October, the Tasman District Council was invited to submit three projects to the fund for consideration. The Mohua Venture in Tākaka for 100 homes and a Wakefield Village proposal for 321 homes did not progress.

The Infrastructure Acceleration Fund is to see $1 billion worth of funding allocated towards infrastructure for housing within the next five years.

More than 200 expressions of interest were submitted to the IAF last year.

(Nelson Mail, Monday 9 May 2022)

Home buyers change tack

Prospective home builders in Nelson could turn to buying or renovating existing homes as supply constraints apply pressure, a property market expert warns.

Quotable Value’s latest property report, released yesterday, found prices in Nelson had fallen 1.5% to $869,465 in the past quarter.

(Nelson Mail, Wednesday 11 May 2022)

Land redress progresses despite dismissed appeal

A bid to prevent the sale of land which could go towards redressing a historic broken deal between the Crown and Māori landowners in the Nelson region has been dismissed, but it’s not all bad news for Wakatū Incorporation.

The dismissed appeal is the latest in a long line of legal action to have the Nelson Tenths land fully restored to their rightful owners.

The appeal was dismissed partly because the substantive goal of the appeal was met in the meantime. A counter-appeal by the Attorney-General was also dismissed.

(Nelson Mail, Wednesday 11 May 2022)

Multiple future options for historic city site

A large landmark Nelson property up for sale and expected to fetch a multimillion-dollar price, could become a high-end residential development.

New Zealand Sotheby’s International Realty agents who are marketing the property say there are a range of options for the central 6417 square metre property, on the corner of Nile and Domett streets, including developing it while retaining the historic Wainui House on the site.

The property has a current capital value of $3,651,000, nearly all of which is land value.

Wainui House is more than a century old, originally owned by George Wales Lightband, who brought his family out to Nelson from England in 1842.

According to the Nelson Historical Society, Wainui House was a grand accommodation house in the first half of the last century.

In the 1950s Wainui House and two other buildings on the section – one of which had been staff quarters – were converted into flats. Seven of the nine flats are still tenanted.

(Nelson Mail, Friday 13 May 2022)

Project hits final round for funding

The first step to implement Nelson’s vision for a revitalised city centre could be getting a kick-start with some Government funding.

A linear park proposed for Nelson’s city centre, along Bridge St from Rutherford St to Queens Gardens, has made it to the final negotiations stage of the Government’s Infrastructure Acceleration Fund, with just the dollar amount and due diligence left to be determined.

The project was eligible for the funding thanks to underlying wasteand storm-water infrastructure which will be upgraded as part of the development, which will allow for up to 850 more dwellings in the centre city.

(Nelson Mail, Saturday 14 May 2022)

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