Selwyn Times: August 11, 2021
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Wednesday <strong>August</strong> <strong>11</strong> <strong>2021</strong> <strong>Selwyn</strong> <strong>Times</strong><br />
• By Susan Sandys<br />
SECTION PRICES have<br />
doubled in Rolleston in the last<br />
year.<br />
Section sales in the town<br />
and wider district appear to be<br />
bucking a nationwide trend of a<br />
gradual reduction to the rate of<br />
increase to real estate prices.<br />
CoreLogic NZ’s house price<br />
index showed last week that the<br />
nationwide<br />
growth figure<br />
dropped from<br />
7.2 per cent at<br />
the end of June<br />
to 5.9 per cent<br />
at the end of<br />
July.<br />
Matson and<br />
Allan Real<br />
Estate Ltd<br />
director Chris<br />
Flanagan said there was currently<br />
no indication of <strong>Selwyn</strong>’s<br />
section price rises slowing.<br />
He had not seen the market so<br />
buoyant and aggressive in the<br />
about 35 years he had been selling<br />
in the district.<br />
“Even in the last two to three<br />
months, it’s just sort of gone a bit<br />
crazy really,” Flanagan said.<br />
The high prices at Rolleston<br />
were encouraging potential buyers<br />
to look further afield, and the<br />
increases were reflected across<br />
the district.<br />
“There’s been a significant<br />
increase in section prices,<br />
Rolleston, Leeston, Dunsandel,<br />
Darfield, it’s right across the<br />
board,” Flanagan said.<br />
Examples included the 32-section<br />
Hanks Run at Rolleston.<br />
Sections in stage one, with an<br />
average size of 750 sq m, sold<br />
for an average price of $361,000<br />
about two months ago. Sections<br />
in stage two, with an average<br />
size of 695 sq m, sold for an<br />
average of $385,000 per section<br />
about four weeks ago. Six to 12<br />
months prior, sections of that<br />
type and size were selling for<br />
$170,000 to $180,000.<br />
Soon the agency would be<br />
selling some 700 to 800 sq m<br />
sections on Brookside Rd on<br />
behalf of the district council,<br />
and it was possible they would<br />
Latest Canterbury news at starnews.co.nz<br />
Section prices soar as demand jumps<br />
Chris<br />
Flanagan<br />
fetch more than the Hanks Run<br />
sections.<br />
In Dunsandel, the Dunsandel<br />
Estate subdivision had 29 sections<br />
averaging 900 sq m with<br />
an average price of $235,000.<br />
Twelve months ago they would<br />
have been worth $160,000.<br />
At Darfield, the agency had<br />
just sold stage three of Torlesse<br />
Estate, which had sections ranging<br />
from 2000 to 5000 sq m.<br />
Stage three had nine sections,<br />
there had been an average of<br />
four offers received for each,<br />
and the price they sold for was<br />
$350,000 to $400,000.<br />
Darfield was getting more<br />
interest from potential buyers as<br />
the district council committed<br />
to a sewerage system for the<br />
town, as this meant residents<br />
HOT<br />
PROPERTY:<br />
Darfield’s<br />
Torlesse<br />
Estate<br />
stage three<br />
sections had<br />
an average<br />
of four offers<br />
on each.<br />
would not have to install septic<br />
tanks.<br />
His company had not had any<br />
recent section sales at Lincoln<br />
and Prebbleton, but strong<br />
residential house sales indicated<br />
those townships were generally<br />
following the same trend as the<br />
rest of the district.<br />
Buyers in the district ranged<br />
from locals wanting to upsize<br />
and build, to building companies<br />
wanting to take house and<br />
land packages to the market.<br />
“It’s purely a supply and<br />
demand thing, there’s a real<br />
shortage of sections and people<br />
are paying top dollar for them,”<br />
Flanagan said.<br />
“Even building companies<br />
are prepared to go a bit further<br />
afield now to secure sections.”<br />
NEWS 7<br />
In Brief<br />
DRINK DRIVERS<br />
Police dealt with a high number<br />
of drink drivers on the weekend.<br />
On Saturday, the police<br />
impairment prevention team<br />
from Christchurch staffed a drink<br />
driving checkpoint at Rolleston.<br />
From 8pm-10pm they processed<br />
six drivers for drink driving.<br />
On the same day, police in the<br />
district stopped a driver speeding<br />
on Birchs Rd, Prebbleton. The<br />
driver recorded a level of 671<br />
micrograms per litre of breath.<br />
Another driver in Prebbleton was<br />
also apprehended, recordeding<br />
360mcg/l.<br />
UTES COLLIDE<br />
Two utes crashed head-on<br />
Waimakariri Gorge Rd about<br />
2.15pm on Friday. Sheffield<br />
Volunteer Fire Brigade chief<br />
Neville Croy said the occupants<br />
were lucky to escape injury. “The<br />
utes were buggered,” he said.<br />
“They (car occupants) were all out<br />
and walking around and quite<br />
coherent when we arrived.” A fox<br />
terrier was also uninjured.<br />
NO GP YET<br />
The district council has yet to<br />
confirm a general practice as a<br />
tenant for its <strong>Selwyn</strong> Health Hub.<br />
“We are continuing to talk with<br />
a number of parties and we’re<br />
confident of securing a practice,”<br />
group manager property Douglas<br />
Marshall said.<br />
Mayoral Relief Fund<br />
Now Open<br />
<strong>Selwyn</strong> District Council has opened a fund to support residents of <strong>Selwyn</strong> who have<br />
suffered hardship or damage to their property as a result of the May <strong>2021</strong> flooding.<br />
For more information, criteria and application forms, visit selwyn.govt.nz/floodrelief<br />
Or email mayoral.relief.fund@selwyn.govt.nz<br />
The Mayoral Relief Fund will close when all funds have been allocated.<br />
selwyn.govt.nz