Nelson homes are now less affordable than anywhere else in the country except Auckland, according to a finance company survey. The latest quarterly report from AMP records what the company calls a “massive” 50.6 percent decline in home affordability in the Nelson-Marlborough region in the 12 months to the end of March. That shift, the biggest in the country, means that Nelson-Marlborough has replaced Wellington as the second least affordable place to buy a house after Auckland. In the March quarter, home affordability dropped 14 percent in the Nelson-Marlborough region, compared with an improvement in the national figure of 0.7 percent.
The region bucked the national trend partly because of a rise in the median house price for Nelson and Marlborough combined – from $175,000 to $200,000 – during a quarter when house prices were stabilising over the rest of the country. The national median house price was $195,000 at the end of March.
Mike Cotton, chair of the council’s infrastructure and assets committee, said discussions between the two parties had resulted in the businesses sticking with their preferred option that the street remained open to two-way traffic.The future of Franklyn Hall is uncertain with the Nelson Marlborough Institute of Technology looking to have new student accommodation built on site. Residential conveyancing Authorities will constantly compose on the interest and check the property.
NMIT finance manager Chris Gosling said the Institute was seeking “expressions of interest” from developers to build on-site accommodation. If we could get the same amount of accommodation on-site, Franklyn Hall would no longer be required, Mr Gosling said. He said the general idea was that the hall was not ideal because of its distance from the NMIT campus.
There are several possibilities for the hall; it might be that someone wants to buy it or that we lease it out. The hall has 160 beds and has been operating at a 45 percent occupancy rate for the past three years. NMIT leases a quarter of the rooms to the hospital.The Nelson City Council has almost no say in the design of buildings, such as the new Rebel Sport store in Montgomery Square, because there are few rules governing the city fringes. Planning and consents divisional manager Rod Witte, responding to public criticism about the new store’s design said he too was disappointed with some aspects of it.
The building hadn’t taken advantage of the fact it had two road frontages and failed to enhance pedestrian linkages between the east and west sides of town, he said. www.enactconveyancingsydney.com.au Property conveyancing experts are obliged to meet the gages set by the Law Society to demonstrate the kite style logo to pronounce their union with property Conveyancing Quality Arrangement.
But Mr Witte said consent for the building was basically a rubber stamping exercise because it fitted with Nelson’s resource management plan. That building complies in all respects. Mr Witte said the council had quite stringent rules governing buildings in prominent areas such as Trafalgar, Bridge and Hardy Streets to ensure aesthetically pleasing street frontages.
The buyer of the House Parts building on Wakefield Quay is Wellington-based development company Globe Holdings, the same firm developing the nearby $18 million Latitude 41 complex. Real estate agency Canterbury Commercial has confirmed the 900 sq m site had been sold for more than $1.2 million.Director Harry Van Tongeren told the Nelson Mail earlier this month that he believed the sale price was the highest paid for a commercial property in Nelson on a per square metre basis.
However Globe Holdings company founder and director Andrew Fawcet declined to say just how much was paid. So why is Globe Holdings taking such a keen interest in Nelson? There’s a limited number of sites anywhere that have water frontage and we believe Wakefield Quay is pretty unique, says Mr Fawcet.
A plan to spend $6.359 million developing Saxton Field into a large regional park with about 40 sports fields, a lake, picnicking areas, playgrounds and an exercise circuit has been hatched.
A joint Nelson city and Tasman district council working party has proposed the development occur progressively on 75 hectares between Stoke and Richmond during the next 10 years. It would almost triple the size of Saxton Field, extending the park to Champion Rd, and involve roading changes for a new entrance. The working party has likened its vision for the area to Christchurch’s Hagley Park.
The proposal also provides for a number of passive recreation amenities including play equipment located throughout the parks,House prices in the Nelson region continue their relentless rise, despite sales numbers levelling off, the latest Real Estate Institute statistics show.
Median sale prices in some parts of the region last month were as much as 35 percent higher than the same time last year. And while the number of house sales was slightly down on January last year they were still worth a lot more.
Last month’s 184 sales were valued at $42 million while last January’s 198 sales were valued at $36 million. December’s sales totalled 222 and were valued at $48 million. According to the Institute’s data, the median sale price in Nelson city last month was $209,500, compared with $155,000 in January last year.
The median price in Richmond was $249,625 (compared with $195,000 last January); in Motueka $175,000 (compared with $136,500); and in Golden Bay $180,000 ($170,000). The cables are being put up on Nelson’s latest tourist attraction, and the four-person carriage for the 1.6km Skywire is likely to arrive by the end of the week. The owners have not decided yet who will be the first person to try it out.
Happy Valley Adventures owners Jill Peterson and Keith Anderson are hoping that the $1 million-plus development will be operational by the end of next month. The Tasman District Council has bit back at criticism over its refusal to grant consent to a crop maze near Richmond, with Mayor John Hurley saying it was a “mini Cave Creek” waiting to happen. Many people who visited the maze when it was opened free of charge to the public last weekend expressed disgust at the council for refusing to let it to operate on a commercial basis.
Instead it said the maze was inappropriately located in a relatively densely settled neighbourhood where adverse traffic, dust and amenity affects are potentially a major problem. The Waines were declined resource consent just prior to their planned opening on Boxing Day last year. They obtained the appropriate code of compliance in January. A legitimate and qualified conveyancing specialist is the decision of most speculators amid property settlements.
Two years of research on the future water needs and resources for Nelson-Tasman is to be released in a series of workshops tomorrow. It is said that in 25 years water will be as valuable as oil.” Mr Thomas said it was best to plan and prepare for such a time. Alexandra Hospital land will be sold and used to resettle up to 12 intellectually disabled Braemar Hospital residents, after health authorities rejected neighbours’ concerns.
The Board accepted an offer from Community Housing, a branch of Housing New Zealand, to buy the 3260 square metres of land for $277,000. Two five or six bedroom houses are proposed for the site at a cost of about $350,000 each. The Nelson-Marlborough region’s economic growth spurt has now outpaced the national average for the past four years, longer than anywhere else in the country.
The latest National Bank quarterly economic survey, released today, says that growth in the region reached 4.9 percent in the year to December 2002, compared with a nationwide growth of 3 percent. Economic activity in Nelson and Marlborough has now increased 20.2 percent in four years and 63.8 percent since the bank’s index was established in 1987.
Tasman Mayor John Hurley felt the heat of 200 angry ratepayers at a meeting in Pohara last night but has ruled out any change to a controversial decision to sell the Tarakohe office block to Talley’s Fisheries. But Mr Hurley said the sale – signed off on the morning of an anti-sale ratepayers’ meeting at Pohara on January 21 – was a done deal and it was beyond his powers to change it.
The Wakefield Quay Promenade project will take longer to complete than initially thought, with the delay partly due to Nelson’s building boom. Nelson 2000 Trust chairman Alan Drummond said some work had been held up because of problems getting tradespeople, who were rushed off their feet with other work. He said fundraising had also gone a bit slower than expected, with several applications for grants being turned down.
The $3 million project was originally scheduled to be completed by July, but Mr Drummond said he now expected it to be finished by the end of the year or early next year. Purchasing and offering property conveyancing is lengthy in light of the fact that distinctive checks need to be completed. He said about $500,000 had been raised from the public so far – $300,000 short of the target.
Making the Motueka clock tower pay for itself through advertising may be a means of keeping it in public hands. A public meeting last night attracted about 25 people concerned about the clock tower’s future. There are fears Motueka will be powerless to decide the tower’s fate once it is sold on April 1. No one at the meeting expressed opposition to raising the $150,000 to buy the clock tower land. Most people were keen for public say on its fate, but there was disquiet at the prospect of it being used for advertising.
Meeting chairman Cliff Satherley said the tower could earn $15,000 a year and pay for itself in 20 years. The clock tower land will change hands from current owner Murray Scholfield, but the new buyers were willing to recognise another possible public offer for the small piece of land the clock tower sits on. Transport Minister Paul Swain has given no assurances that key Nelson roading projects will move higher up a national list of priorities as a result of lobbying from the region.
He said in Nelson yesterday that there was simply not enough government funding to carry out all the roading projects proposed nationwide. Mr Swain met representatives from the Nelson City Council, Nelson Automobile Association, Road Transport Forum and Commerce Nelson yesterday to discuss funding for projects such as the planned $13.4 million southern link highway.
The meeting was called by Nelson mayor Paul Matheson in response to the release of Transit New Zealand’s draft 10-year roading programme, which would see no major projects undertaken in the Nelson region for at least 10 years. The Nelson City Council will investigate how it can fill about 20 flats in Karaka St, Stoke that have sat empty for months despite a worsening housing shortage.
While people are lining up to fill other council properties throughout the city, the Karaka St flats are seen as less desirable because of their location. Cr Ian Barker expressed concern at last night’s council meeting that the council was losing about $58,000 a year by having the flats sitting empty when there was a housing crisis in Nelson that was making national news. It is time we looked at the criteria.
He suggested that property managers be given authority to rent the flats to other suitable applicants when no tenants fitting the present criteria were available. Cr Nita Knight, chairwoman of the council’s community housing consultative group, said the Karaka St properties were unsuitable for accommodating families because they were single bedsits.
The Human Rights Commission has refused to investigate the use of restrictive land covenants by Nelson property developers. There are a few laws emulating every Conveyancing Solicitors methodology; regularly the laws are rebuilt. Nelson health authorities say they will now lay a complaint with Minister of Disability Issues Ruth Dyson about the practice. The issue received national attention last October when Gateway Housing Trust complained to the commission about the use of restrictive covenants on a Stoke subdivision.
The Tasman District Council has agreed to revoke the reserve status of a parcel of Murchison land, which can now be sold by the Crown. The council’s community services committee agreed this week to let the Fairfax St property go, after holding it for 140 years. The property will be handed over to the Ministry of Conservation, which can sell it. Council property manager Jim Frater said the council could then apply for 50 percent of the proceeds.
He said the council could collect off the sale only if it could prove it would use the proceeds for projects identified in the Tasman Resource Management Plan. Murchison’s new public toilets are to be modelled on Tapawera’s, with top-up funding for the $60,000 project to come from the Tasman District Council’s toilet loans.
The cost of building a performing arts and conference centre in Nelson has swelled by nearly $2 million while the Nelson City and Tasman District Councils have refused to commit to the project. The Millennium Centre Trust presented a lengthy study to the councils a year ago urging they proceed with establishing the centre at a cost of $19.4 million. The councils sought an independent review of the study.
The 10-percent increase pushes the building cost up to $21.4 million, excluding any site-related costs because no site has yet been decided upon.
The trust recommended in its feasibility study last year that the councils site the centre on Nelson’s Wakatu Square – an option that was ruled out when the Nelson City Council sold part of that land to a private developer.
The report showed the median rent in Nelson was $210 in December, compared with $185 in January. Nationally, the median rose 5 percent, from $200 to $210. The rises were largely attributed to increased immigration creating strong demand for rental properties.
The amount of land being irrigated in the Nelson and Tasman region is forecast to double over the next 50 years, according to a report on future water needs. One such firm that has all these peculiarities is conveyancing services Additional. The report is the result of two years of research prepared for the Tasman Regional Water Augmentation Committee, which was set up to address the problem of recurring water shortages in the region.