Property News – 21 April 2022

Elite track big boost for Nelson scene

On farmland high above the Motueka Valley, world elite downhill mountainbiker Brook Macdonald sits on his bike, surveying a dream come true.

Within seconds he launches off a raised platform, rock and ramp start, beginning a fast-paced descent and pushing the boundaries of downhill riding, the picturesque valley of farmland, river and forestry blurred below him.

It’s a dream that’s been in Macdonald’s head for six years – building the ultimate mountain bike track – and it’s one that could also provide a huge boost for Nelson’s mountain biking scene.

(Nelson Mail, Monday 11 April 2022)

Big-picture thinking for ‘library-plus’

Nelson’s new $44.4 million library could become the lynchpin of a revitalised city centre, its development project manager says.

As the council starts up its engagement process on the ‘‘blue skies’’ ideas for the site, library project manager Alice Heather said the council is looking for input from the community.

Heather, who started out as a landscape architect and has a long history of project management in New Zealand and Australia, including Gisborne’s $46 million pool complex, said it was important to emphasise this early stage of the development was not focused on the specifics of the location or physical building.

(Nelson Mail, Monday 11 April 2022)

Relief for dairy sector as migrants boost workforce

A boost in migrant workers for primary sectors will provide some relief to the dairy industry, but a greater flow of overseas workers is still crucial, says a Nelson farming representative.

The Government has made exceptions to immigration rules to allow more people into the country to help fill skills gaps in some primary industries, with an extra 1580 workers able to come to New Zealand to take up jobs in the dairy, meat processing and forestry sectors.

The change will allow an extra 500 experienced meat processors to come to New Zealand, along with an additional 500 migrant dairy workers, 300 forestry workers and up to 280 wood processors and manufacturers.

(Nelson Mail, Wednesday 13 April 2022)

Time to weigh anchor on historic building

A landmark historic building in Nelson is up for sale or lease.

The Nelson City Council announced yesterday it was looking to sell or lease the Anchor Shipping and Foundry Co building on Wakefield Quay to invite ‘‘new investment, new talent, and new skills, into the community’’.

The council said it was offering ‘‘a unique opportunity to bring it back to life while maintaining and utilising its historic value’’.

The Anchor Shipping and Foundry building has a footprint of approximately 600 square metres, and was assessed in 2017 and found to have no asbestos.

(Nelson Mail, Wednesday 13 April 2022)

Council raises fees but won’t meet financial target

Nelsonians will have to pay more for a raft of council services – from resource consents to dog control – but council still won’t meet its financial targets.

In a meeting of the environment and climate committee last week, cost increases were approved that were in line with the Consumer Price Index (CPI) of 4.9 per cent.

(Nelson Weekly, Wednesday 13 April 2022)

Design selected for Natureland enclosures

Natureland is one step closer to creating its new animal enclosures but they need a bit of extra help to make it a reality.

Manager Ruth Seabright says they have chosen the designs to brighten up the two shipping container enclosures, which will be used for hoof stock.

“We received several concepts for painting the containers and selected the one which we felt reflected our conservation focus and the dynamic of Tāhunanui the best.”

(Nelson Weekly, Wednesday 13 April 2022)

$1.85m in funding for social housing

The first phase of Nelson’s housing reserve is under way after the city council announced $1.85 million for 19 new homes.

The council granted Nelson Tasman Housing Trust (NTHT) $850,000 to develop five affordable rental properties in Muritai St in Tāhunanui, and Habitat for Humanity was awarded $1m to go towards 14 dwellings at 623 Main Rd, Stoke.

Two of the Habitat for Humanity properties will be affordable rentals, with the remaining 12 sold via a rent-to-buy programme.

Nelson mayor Rachel Reese said the funding was ‘‘about answering the call from the community for affordable housing as quickly as possible’’.

(Nelson Mail, Saturday 16 April 2022)

Nelson house prices ease up over March

The buying frenzy may be easing in Nelson’s real estate scene, along with house prices, but the cost of a home is still well up on a year ago in the region.

Compared with March last year, median house prices in Nelson city shot up 17.3 per cent, from $682,000 a year ago to $800,000 last month; while in Tasman they increased 8.6 per cent, from $801,000 to $870,000, according to the latest figures from the Real Estate Institute of New Zealand.

Neighbouring Marlborough was the first region in New Zealand to see negative annual movement in its median house price since May 2020, with the region experiencing a 0.6 per cent annual decrease from $666,000 in March 2021 to $600,000 last month. However, last month the median house price did drop in Nelson and Tasman when compared with the month before. In Nelson, median prices were down 1.5 per cent compared with February when they sat at $812,000, while in Tasman they were down 4.2 per cent from $908,500.

(Nelson Mail, Saturday 16 April 2022)

Forestlands founder’s home sale falls short

Shareholders left out of pocket after investing in Forestlands will receive nothing from the sale of the large Ngatimoti home of the company’s founder, Rowan Kearns.

The French-style 1144-square-metre chateau home and sprawling rural estate, in Thorpe-Orinoco Rd near Motueka, sold after being placed for sale by receivers of the Kearns Family Trust.

The receivers were appointed by the first mortgagee of the property – Bridgewest Finance NZ Ltd.

Bayleys Nelson marketed the property and tenders closed in late March.

Forestlands joint liquidator Neale Jackson said in his latest report that the home had not sold for enough to repay the first mortgagee in full, so no funds would be available to the Forestlands Group of shareholders from the property’s sale.

(Nelson Mail, Saturday 16 April 2022)

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