Jack Fletcher at Stuff.co.nz reports:
The group behind a proposal to build a new lake in Christchurch’s residential red zone has released an indicative design of the flat water facility aimed to transform the city’s east.
The East Lake Trust, chaired by David Goodman, released the plans on Monday. He said trustees were “thrilled with the new design”, which reinstates an original bend in the Avon River around the back of Porritt Park.
Goodman said the trustees feel they are “now on the home straight” towards the lake becoming a reality. Bringing back the original bend had the added advantage of allowing the lake to join up to the Kerrs Reach rowing sheds, while remaining separate from the Avon River.
Aquifer-sourced water would make the lake swimmable, meaning it could be used for triathlons alongside canoeing, waka ama, dragon boating and rowing.
Goodman previously said the lake would be an place where people could swim, walk and picnic. It was also planned to be part of the City to the Sea walk and cycle way running from central Christchurch to New Brighton.
The Minister supporting Greater Christchurch Regeneration Gerry Brownlee had previously said he wanted to make the city’s red zone the “sporting capital of New Zealand”.
He said building a water course could attract global attention and solve the area’s flooding problems.
Once again I find myself putting pen to paper on the positive plans that continue to roll out for eastern Christchurch. A lake of this calibre would again be a real asset for the bordering suburbs and help put these locations back on the map. I take my hat off to the visionaries of the city, their initiatives and forward thinking is inspiring in itself. I think most of us will agree, that while we miss the “old” there is no doubt that the new is going to be far superior. Largely with affordable real estate, a new city and many new facilities emerging, Christchurch unquestionably has a positive future and certainly will be a great place to live for many years to come.
With March behind us now (concluding with over $9m of written sales) it is certainly a positive sign to note that overall the buying public are continuing to regain confidence in the eastern suburbs. This was evidenced by 50% of March’s sales from our Parklands office being in the East. Yes as a local, of course I am not biased – yeah right! The northeast of Christchurch is a great place to live – fresh air, the beach and the forest plus so much more comprises our daily backyard experience. It is not hard to be a real believer!
Red zone buyers continue to be out in force and have again represented a good proportion of our local office sales for March. As always effective marketing campaigns and correct pricing will ensure a home owner will be able to capitalise on this current high activity. Who would have thought we would be experiencing such a strong market following such tragic events last year.
I wish you a very enjoyable and safe Easter break. Like me I hope you can enjoy some time out with your family and celebrate the true meaning of the occasion.
With the new year market underway and the buying public out and about with that typical new year fervour it has been heartening to see good numbers of purchasers in circulation within the eastern suburbs. I was particularly proud at the Harcourts Gold’s weekly auction focus meeting on Monday, where my new listing in Beach Road, Wairmairi Beach scored the highest number of inspections of all the Gold auctions for the week. Listed below is a brief snapshot of the type of activity we are currently experiencing:
So I think it is fair to say that the new year market is underway with the buying public showing their belief in the east by voting with their cheque books!
In a press release from the Real Estate Institute, it is also worth noting that currently Canterbury/Westland has the shortest selling time averaging 29 days. The demand for property is constantly building and is not only being fuelled by red zone and insurance pay-outs. I have also received a number of enquiries where couples and families have found it so difficult and expensive to secure rental property that they have now decided to purchase instead.
What interesting times we are experiencing and while it is difficult to predict the exact patterns of growth for Canterbury, I think it is fair to say the “writing is on the wall” for a real estate market that will continue to gain momentum for some time yet!
Enjoy the week and the last few days of the school holidays as schools start to reopen from next week (a relief for many a parent, I’m sure).
While Monday greeted us with a rather cool start, bringing Christchurch to another halt for the day, the hot news is that as per the latest Harcourts MarketWatch report, Christchurch sales for July are up by a massive 33 per cent compared to July 2010. Also with listing numbers down, there is likely to be pressure on the lower levels of available property (as quoted below in the report), something that will only heighten as the red zone homeowners receive their formal offers from the Crown later this month. The report states:
Throughout July Christchurch outperformed pre-earthquake statistics. The 33 per cent increase in written sales is being attributed to those with damaged property looking to secure their future. This trend is expected to continue and put significant pressure on housing stock and prices.
So for those of you in the green zone who are selling or looking to sell, if your home is realistically priced you can expect to see some positive action in the short term – I guess a positive flipside to the devastation that the earthquakes have brought to our local community.
Let’s all take heart and embrace the opportunities that present themselves.
Take care, keep warm, and here’s to continued strong enquiry!
While “red zone” buyers have continued to be active over this last week, CERA continues to focus on following through with the formal offers from the Crown. The Griff Team was also fortunate enough to benefit from two sales to red zone buyers over the last week. As per this handy flowchart courtesy of Mortlock McCormack Law, red zone home owners should receive offers from the Crown by the end of August and from what I understand should they believe the offer is acceptable the subsequent settlement process is likely to be very straightforard.
I have heard from a reliable source that many more home owners in the “orange zone” should know by the fate of their properties by the end of the month. This too will be welcome news and will help clarify just where to from here for a lot more Cantabrians – good news.
Take care and here’s to a shake free week!