Monthly Archives: October 2011

September 2011 Nelson Property Sales Report

October 12th 2011 (UPDATED)

The Real Estate Institute of NZ have reported on the confirmed sales for Sept 2011.

The data shows Nelson as having the fourth strongest lift in prices for the month of September, following Hawkes Bay, Auckland and Wellington.

Whilst our increase was a mild 1.9%, its still well with-in the context of  the stability I have been speaking about and reporting here over the last month.

In reporting on our region, the Real Estate Institute of NZ noted;

The shortage of listings in the region has eased with the arrival of spring, although there is still a shortage of properties for sale, and buyers remain very value focused even for the right property.

Generally its been a steady month, REINZ going on to say….

The median price across the region increased by just under 2% compared to August, but eased back 1.2% compared to September

(UPDATED with QV Data as of 19:40hrs)

Quotable Value NZ report tonight that values in “our” region (based on their inputed data – note this is factored differently than REINZ data) are up slightly…in “David Leggott terms” that’s just further evidence to cement my local “favourite” Nelson real estate term of the moment – “stability.”

Quotable Value NZ (QVNZ) Real Estate sales data covering September 2011

Quotable Value are keen to let you know your local breakdown…and frankly that’s one of reasons why you would want to subscribe to this great service that they offer…but for tonight I hope they don’t mind that I’ll share with you the contents of my today’s “subscriber email” from them.

QV NZ Sept 2011 Data for the local perspective....

If you’d like to be kept up to date with QV NZ figures on a more regular basis, can I suggest you visit their most excellent site and sign up appropriately to their very informative monthly updates.

And from a buyer / seller perspective…..well, frankly there is no better time to trade up than when prices are this stable. If you don’t know what I mean by this, then I’m just one confidential ph call away. (and because its just a phone call, it doesn’t even cost you the price of a coffee / tea & biscuit!)

SOURCES

Real Estate Institue of New Zealand – www.reinz.co.nz

Quotable Value NZ – www.qv.co.nz

Selling Price Vs Rateable Value in Nelson

October 11th, 2010

Much has been written about how the various territorial authorities / regional bodies around New Zealand arrive at their rateable values.

There’s even been quite some discussion on here regarding the situation, and specifically, how property buyers see a selling price in comparison to a CV, or rateable value.

In most cases the process/work of setting the parameters / algorithms / etc has been conducted by outside bodies like Quotable Value (QV) NZ.

In many location’s around NZ, but more specifically in those that attract many buyers from outside of town (read places like Nelson, Tauranga, Queenstown etc) property buyers are constantly drawing parallels between the two.

So rather than repeat what has already been written, and in light of seeing quiet a few “outsiders” miss out recently, I thought that around ’bout now……might be quite an opportune time to assist those buyers looking at property in Nelson…with the following chart.

Reasonably self-explanatory, you can see that just 4 properties out of all the properties sold in September 2011 were actually sold at the CV, the rest fluctuated from 11% under the CV to 27% above it.

In case you wanted just a bit more detail, 18 (23%) properties sold for at least 10% above, 33 (42%) at least 7.5% up and 42 (54%) for at least 5% above the Nelson City Council capital value.

At the other end of the scale 12 (15%) sold below CV.

Hopefully for those out of town buyers NEW to the Nelson market that are offering CV as a buying price, you can now see in black & white, one reason (well, quite a major one really) why you may not have been successful so far.

If you want to know any more relevant data….perhaps more specific…….you know who to call.

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UPDATE 10:25pm Monday 10th Oct……seems a few Nsn properties are going quick…..new listing in Stoke had all Summit agents (yup ….well just the 37 local Nelson ones that is) …..view the property last Friday just after lunchtime when it first became officially avail. to the market…in an “agents inspection” sort of way….property under offer shortly after…property unconditionally SOLD today. I’ve heard it said before…..the “power of the team.” Don’t under estimate it folks. NB: my first sentence has more evidence than just this one to back it up, but like Ollie or Bernard suggest….its really only history that will show the difference.

 

Help for Overseas Visitors traveling New Zealand

Oct 6th 2010

And I’m guessing they are all wanting to see as much of NZ, and the Nelson region as their schedule permits.

If you have an Android phone you’ll be pleased to know there are a couple of apps that can really help.

 

Nest Finder NZ

This great little apps purpose is to find Dept of Conservation (“DOC”) huts / camp sites and their availability.

Angelus Hut & scenery

It will also show you visitor centres and BBH hostels……all of this based on your current location courtesy of your smartphones GPS capabilities.

Check current availablilty

You can also check out vacancies and book online through the app.

I sure was surprised at how many huts there are in our region alone!

Get it here.

 

Campermate

Sort of self explanatory if you watch this video actually.

In addition to New Zealand campsites, Campermate will also show toilets, supermarkets, fuel stops, refuse, and many more.

Above is a quick shot of the general vicinity of Stoke showing the relevant points of interest.

Get it here for Android. Go here for iPhone.

 

Ranger

Walking in New Zealand

This one’s for walks in New Zealand. Visit here on the market.

 

Swimwhere

This ones an iPhone app, not currently available on Android, but you could always visit their www site on yr phone)

And if you are freedom camping around New Zealand please leave only footprints behind.

RELATED SITES / FURTHER INFO

New Zealand Topo Maps – http://www.nztopomaps.com/

Rough It NZ – http://www.isthegameon.co.nz/roughitnz/rough-it-nz.html

New Zealand Walks – http://nzwalksinfo.co.nz