Daily Archives: November 28, 2008

Interesting Statistics NZ update just out today…

October 08 was the lowest monthly total of building consents since 1992. Statistics NZ say there were 1173 consents authorized last month, and seasonally adjusted, excluding apartments,  the figure was 7% down on September 2008’s. There were some apartments, 50, authorized but this too was low, the lowest since April 2000, apart from March 08 when a similar number were authorized.

Also released today, were the results from the latest Household Economic Survey (HES Income) and they show weekly mortgage payments rose from $256 to $328 between 2006/07 and 2007/08 (up 27.8 percent), due mainly to an increase in mortgage interest payments. Coupled with the $2 a litre petrol surprise we had, its little wonder things started to slow a bit.

They go on to say …In 2007/08, 28 percent (135,700) of New Zealand households with a mortgage paid over $500 per week in mortgage payments, up from 18 percent (86,300) in 2006/07.

The highest median weekly mortgage payments were made by those living in the Auckland region ($472); payments for the remaining regions were: $350 in Wellington, $307 in Canterbury, $262 in the Rest of the North Island region, and $242 in the Rest of the South Island region.

For households who paid rent, median weekly household expenditure on rent was $225 per week in 2007/08, up from $210 in the previous year (up 7.1 percent).

Looking at this in context, it certainly has had the desired effect that Dr Bollard wanted to achieve, and put a damper on the property market.

Where to from here?

With building consent authorizations being so low, any marked short term increase, for any reason, in immigration, returning ex-pats could definitely put pressure on certain parts of the country. And were this to happen, keeping in mind I said were, then the lag effect of new build construction evidenced by those low consent figures is something that would take 1-2 year to completely remedy.

Just my observations.

HES (Income) is a shortened version of the three-yearly full Household Economic Survey. It ran for the first time in the year ended 30 June 2008, and will run in the two years between the full HES to collect data on household and personal income, living standards, and housing costs.

SOURCE – Statistics NZ

Can I still buy my first home in Nelson?

Well if you are or are about to be, a First Home buyer, the last few days extensive media coverage might have you wondering,…”Can I still buy my first home?”

This morning I have good news, and the answer is YES, and even in Nelson.

Type in “equity” in my blogs search box and you see a previous post about the Governments pilot Home Equity Scheme, only available in 5 NZ locations, one of which just happens to be Nelson.

Just to briefly recap… you need to qualify first, then the pre-requisites for Nelson is that the home needs to be no dearer than $240,000, and the buyer needs to contribute a minimum of 5% as a deposit.

With that out of the way though, the Government will then chip in up to the maximum, which is 5% or $24,000.

Ok then, do I need to buy a home that’s 25 minutes out of town?

No, you can buy a place in town. Scattered throughout Nelson and searchable on realestate.co.nz are at least ten 3 bedroom properties advertised at or under $240,000, examples like this , this , this , this or this.

If you get no result from the links above then it probably means one thing, they have been sold already.

The Nelson Climate

2009 UPDATE – also see main weather page on Nelson Climate/Weather/Light here.

Sometimes it’s best to quote an official source because it is said that Nelsonians are “one-eyed” when it comes to describing their own weather. If we go to Te Ara – the encyclopedia of NZ, it says….

Microclimates

New Zealand also has many microclimates within the regions. For example, Nelson (at the top of the South Island) is unusually warm because it is protected by mountain ranges to the south and west.

And if we go to the NZ Ministry of Environment , they tell us that…

The climate in Nelson and Marlborough

As much of this region is sheltered by high country to the west, south and in some areas to the east, it is the sunniest region of New Zealand. Warm, dry and settled weather predominates during summer. Winter days often start with a frost, but are usually mild overall. Typical summer daytime maximum air temperatures range from 20°C to 26°C, but occasionally rise above 30°C. Late winter and early spring is normally the most unsettled time of the year. Typical winter daytime maximum air temperatures range from 10°C to 15°C. Annual hours of sunshine average at least 2300 hours. North northeast winds prevail in Nelson, while southwesterlies prevail about Blenheim. Nelson has less wind than many other urban centres and its temperatures are often moderated by sea breezes.

The ministry also talk about future climate changes and what might be in store for Nelsons weather on this site.

Ok Ok, so I bolded that stuff above not them, but it’s something we are pretty proud of.

This temperature is measured at the Nelson Airport. Many long standing locals will tell you that the winter temperatures measured at the airport are in fact a degree or two below many other parts of town. I can concur as I live, like many residents in Nelson, in a slightly elevated part of town that when there are frosts in winter at the airport, we don’t see them at home. In fact for all of this winter gone, I can count on one hand how many frosts we got at home.

If you are interested in historical data click here for a Feb 1991 data sheet to view average summer temperatures in our warmer months. Likewise click here to view historical data for July 1991, for our colder months of the year. If you really like data, there’s even more here.

NZ Tourism provide a basic overview of NZ climate on this page. And here you’ll find the highest & the lowest temperature recorded records for Nelson.

The Sun, now we’re getting on to a favourite topic for Nelsonians! It’s been said by many that Nelson has its own micro-climate and the mean monthly sunshine hours tend to back that up.

Wikipedia (they have a good temperature chart there too) say about Nelson…

Many people believe Nelson has the best climate in New Zealand, as it regularly tops the national statistics for sunshine hours, with an annual average total of over 2400 hours.

We are blessed with fantastic visibility all year round, and that certainly allows local residents to make the most of the views. You only need click on my photo column on the left to see that for yourself.

If you are visiting in the next 5 days, here’s your forecast here.

However probably this is the most comprehensive site, our Governments MetService, you learn about tides, sunrise and sunset times, etc. If you type sunset into the search box ofn the left of my blog it will take you to an earlier article which actually has a very detailed chart that tells you the times and direction of the sun for Nelson covering the whole year. And they have a sister site for farmers / the rural surrounding Tasman area here.