Property News – 4 April 2024

Great Taste Trail generates more than $34m a year

A scenic cycling path popular with locals is having an economic impact on the region worth tens of millions every year, a recent report says.

One of the Great Rides of New Zealand, the Great Taste Trail was a 200km-long, mainly off-road route that looped inland from the Tasman Bay coastline.

Nelson Tasman Cycle Trails Trust commissioned a report focusing on the trail’s economic contribution, as well as the cultural, social and environmental wellbeing impact it had on the region.

Published this month, the report estimated that direct spend by those visiting Nelson Tasman specifically to bike the trail was more than $34 million for the year ended June 2023.

(Nelson Mail, 20 March 2024)

Bite of Connings planned for Nelson

Nelsonians could soon be closer to a bite of farm-fresh produce from the Waimea Plains.

The Conning family has announced its first steps to bring a pop-up store that stocks fruit and vegetables harvested from the Connings Market Gardens to the central city.

Nelson City Council has agreed in principle to Connings leasing a council-owned site on Achilles Ave for the pop-up store, with the option of buying 69-101 Achilles Ave for the construction of a new Connings Food Market.

The announcement comes after Kāinga Ora – Homes and Communities announced in February that it was not proceeding with plans for a housing development on the site.

(Nelson Weekly, 20 March 2024)

Summit to revitalise Nelson as city slumps

Government underinvestment and a series of stymied civic projects in Nelson were among reasons the region continued to languish at the bottom of rankings for economic growth, city leaders said.

Nelson dropped to last place again in the latest ABS regional economic scoreboard on Wednesday, after coming second to last in the previous quarter, and last in the quarter before that.

Housing values helped cement the region in 16th place, with house prices falling 3.7% in Nelson over 2023, and house sales dropping 8% – the worst result within the data.

Nelson also posted the biggest decrease in retail sales values, of 5.7% year-on-year.

Tasman District jumped five places from its previous bottom spot, to 11th place, but posted a fall in house prices of 3.5%, and relatively flat retail sales over 2023 in line with national changes.

(Nelson Mail, 22 March 2024)

Stoke Library roof repairs under way

A $581,000 project to repair Stoke Library has started.

On Wednesday, Nelson City Council announced that work had begun to repair the library roof, which will improve weather protection, extending the building’s life by up to 20 years.

Library users can expect some disruption over the next six weeks while work is carried out, including fixing roof leaks, skylight alterations, and installing new roof cladding and flashings.

The work will take place over two stages and has a budget of $581,000.

(Nelson Mail, 22 March 2024)

Asking prices decrease

Nelson and Tasman’s average property asking price has decreased by 0.3% year-on-year to $859,050, the latest data from Trade Me Property shows. The national average increased last month for the first time in more than a year, by 0.7%, or 0.5% excluding Auckland. Trade Me Property sales director Gavin Lloyd said that for regions with declines, the pace had slowed in February and had bounced back since a low in August. The national increase, though small, spoke volumes about the market’s potential recovery. “We’ll know more next month if this trend continues, but these are encouraging signs, and with indications that inflation is starting to ease, there’s a possibility that interest rates could also drop this year.”

(Nelson Mail, 23 March 2024)

Resource Management Act to be amended this year: Bishop

RMA Reform Minister Chris Bishop says the Government will meaningfully amend the Resource Management Act this year, before introducing into Parliament a replacement bill in mid-2025.

Bishop spoke to the New Zealand Planning Institute conference yesterday morning and outlined the National-coalition Government’s year-long plan to overhaul resource management, after scrapping two laws the Labour Government passed to replace the unpopular Resource Management Act (RMA).

(Nelson Mail, 23 March 2024)

Motueka’s old wharf restoration closer

Motueka’s historical wharf is to undergo an archaeological study after the town’s community board agreed to fund half its cost.

At a meeting on Tuesday night, Claire Hutt, speaking on behalf of the Historical Wharf Restoration Group, made a request for the board to fund $700 of a $1400 archaeological report on the wharf, updating the existing report that was “too out of date”.

Hutt explained the wharf’s stone wall was damaged, and it was becoming a health and safety issue, particularly for children climbing on it. “It’s not so much sea level rise, it’s the waves that are absolutely slamming rocks,” she said.

(Nelson Mail, 25 March 2024)

Bioenergy pilot aims to slash emissions

A bioenergy plant soon to be built in Nelson Tasman is hoped to eventually unlock the ability to reduce national emissions.

The project will be the end of multiple years of work by Alimentary Systems to get to this point. “Nelson takes our patent from lab to pilot,” said co-founder Matthew Jackson. “The purpose of the project is to show that we can do zero waste, zero liquid discharge, zero emissions, and reduce ratepayers’ costs.”

The Bioenergy Resource Recovery Plant (BRRP, pronounced “burp”) is hoped to be commissioned on Bell Island, adjacent to the wastewater treatment plant, by mid 2026. The BRRP is a circular system that combines the carbon in organic waste and the nitrogen in wastewater sludge to create methane gas and a synthetic fertiliser replacement. The methane is then used to power the plant, with the fertiliser and any remaining gas able to be sold for a profit.

(Nelson Mail, 25 March 2024)

$90m library, community hub, civic centre proposed

A new combined library, community hub and civic centre would rejuvenate Nelson’s city centre and send a positive message to the community, landowners and businesses, a city conference has heard.

Yesterday, the Nelson City Council released a report prepared for chief executive Nigel Philpott recommending a combined facility that could be council leased or owned.

(Nelson Mail, 27 March 2024)

Fundraising hoped to fill $250k shortfall

A year of fundraising is hoped to plug a $250,000 shortfall for the Nelson Centre of Musical Arts (NCMA) brought about by rising operational costs and shrinking funding pools.

“The costs have just spun out,” said NCMA chairperson Jan Trayes.

“Expenditure has doubled through Covid and revenues haven’t. The income that we rely on … has almost stayed the same,” added NCMA director James Donaldson.

As costs rise, other funding pools are also shrinking, with major funding partners like Creative New Zealand signalling there is less money to go around.

(Nelson Mail, 27 March 2024)

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