Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

IMPORTANT - Correction REINZ Residential Report

IMPORTANT - Correction REINZ Residential Report


Following is a replacement entry for the REINZ Residential Report for August 2003 regional breakdown - Nelson. Please refer to these figures rather than those recieved yesterday. Sorensen Group apologies for any inconvenience caused by the error.


Nelson / Marlborough:

The median price for the Nelson / Marlborough area climbed to $238,000 during the month of August, an upward movement on July's $212,500 median and August 2002's median of $150,010. Sales reached new ground with 334 properties changing hands during the month, well up on the 313 sold the prior year and the 297 sales recorded the previous month.

Motueka's median price continued to strengthen on both a monthly and yearly basis to reach $235,000 during August, ahead of last month's $205,000 median and the $139,000 median achieved the prior year. The volume of sales remained steady with July at 33, although this result was down slightly on the 35 sales recorded last year.

The median price for the Marlborough Sounds dropped significantly to $286,000, against the prior year's median price of $335,000 and last month's $371,000 median. Sales also fell on both a monthly and yearly basis to two for the month, compared to seven sales the previous year and the three sales achieved in July.

The number of houses sold in Nelson rose to 113 during August, a considerable increase on both the 108 sales recorded the prior year and the 94 sales achieved in July. The median price of $275,000 steadied against last year's median of $159,500, but decreased against the $276,000 median recorded the previous month.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>