Another heading in the paper tonight just like we’ve seen before this year.
There’s no doubt that house prices and volumes of house’s sold are down on this time last year. The Nelson Mail reports on a survey by Infometrics that property sales volumes slumped nationally compared with the same period in 2007. Well I guess that one is pretty obvious already to most Kiwi’s.
They are forecasting home prices to drop further and mention that as a consequence of local land supply issues, land prices here could go up by 14% over the next 2 years to June 2011 following a decline this coming year.
The report also mentioned that “Nelson was likely to enjoy an increase in building work in 2009/10 as the cities economy & housing market performed more strongly than in Marlborough”
Recently earthworks have commenced on the proposed 500 lot subdivision. The first stage envisages 128 lots at Marsden Park Terrace. It is being built on 18.3 ha parcel of land in an area known as “Ching’s Flat” up Marsden Valley.
Back in the 70’s when I lived in Marsden Road, I used to walk & bike up there most weekends as it “was in the country” practically, even though you’re only a few km’s from the main Stoke shops. I even learnt to drive up there.
Mr Tony Quickfall, of Quickfall Associates resource management services said that once approvals have been granted on all stages, it was likely to take 10 – 15 years for the project to be fully developed.
The plan is for a “self-contained community” – which would include a village centre, esplanade and recreation reserves, and an extensive network of walking and cycling tracks.
Tony had earlier (The Nelson Mail, Monday November 12, 2007) said the developers engaged Nelson urban design expert Robin Simpson to advise them. Ms Simpson, a Harvard graduate who worked on the Sydney 2000 Olympics site and who sits on a Wellington City Council urban design panel, said that Marsden Park represented a change in the type of development normally seen around Nelson. She said the subdivision would feature urban design principles aimed at creating a quality place to live in. Features like low impact stormwater management, high levels of streetscaping, good walking and cycling links, a wetland and comprehensive planting areas.