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Property prices in Motueka have been rising, with the latest QV report saying the area has seen “extremely strong growth”.
Motueka is the latest area to experience “extremely strong growth” in its property prices as buyers move from cities and snap up real estate in the region’s hubs, pushing prices up, agents say. The QV House Price Index (HPI) results released on Tuesday show property values in Nelson and Tasman have continued their upwards trend over the past 12 months, with a lack of supply and returning Kiwis all putting upward pressure on residential property prices.
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Residential land values in Golden Bay have climbed between 60 per cent and 80 per cent since 2017, with Takaka leading the growth.
Golden Bay has led the Tasman District in percentage hikes for residential land value with an 80 per cent jump since 2017 in Takaka alone, well above the 40 per cent increase for the district overall. The figures have been revealed as part of new rating valuations prepared for 25,987 properties on behalf of Tasman District Council by Quotable Value (QV). Usually carried out on New Zealand properties every three years to help local councils set rates for the following three-year period, the rating valuations reflect the likely selling price of a property at the effective revaluation date – October 1, 2020 – and do not include chattels.
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The Motupipi estuary experienced a rapid rise in sedimentation after 2010, which is believed to be linked to floods in December 2011. There appears to no longer be any seagrass in the estuary. “Mud percentage is the problem,” James told councillors when he presented reports on four of the district’s estuaries, outlining survey work completed in 2019 and 2020. There had been a rapid rise in sedimentation in the Motupipi estuary since 2010, which was believed to be linked to floods in December 2011. Seagrass was sensitive to light in the water column, the photic zone. “If it gets too diminished, the seagrass will likely disappear,” James said.