Home' Napier Mail : September 20th 2011 Contents 6 NAPIER MAIL, SEPTEMBER 21, 2011
Napier real estate market
in holding pattern
In August, Napier house sales remained stable
with 78 homes sold. This is close to the level
of the current 12 month trend, which has been
Even so, the volume of sales remains 27%
below the decade long average.
The turnover of homes between $400,000
and $600,000 has been most affected with over
25% fewer being sold during the current year
compare to the prior year.
With uncertainty in credit markets elevated,
house sales are expected to remain historically
low during the coming year.
The median price in August was $278,250
(down from $283,500 in July and $310,000 this
time last year) which continues a downward
trend which has characterized the past 12
months. However, empirical evidence suggests
that the market may be stabilizing around
Figure: REINZ Median Prices (Sept 2011)
Prices are likely to remain fairly subdued in
the foreseeable future as poor affordability
continues to hold back significant price
The rate of turnover improved to 44 days in
August which appears to be driven by realistic
pricing by some vendors.
Overall the market in Napier is improving
gradually; however instability in global financial
markets is affecting household's willingness and
ability to take on new mortgage debt -- this
situation is likely to exist for the remainder of
If you would like a more detailed report about
the Napier Real Estate Market this is available
at www.coxpartners.co.nz or
call Cox Partners Estate
Agents on 835-4321.
Malcolm Cox, 835-4321
Malcolm Cox on Property
For domestic and business security
enquiries contact falcon electrical.
Ph: 843 6383
Hall ready for use again
Back in business: Members of the newly-formed
Clive Venues Promotion Group pictured on the stage
inside the newly repaired Clive Community Hall (from
left) Myles Girvan (Clive Rugby and Sports) Ron
McGrannachan (Farndon Park Hall), Mary Hannan
and Paul Chambers (Clive Community Hall) and Sean
Basher (Farndon Park Hall). The hall is open again to
be used by community groups, like the 80-strong
Hawke's Bay Community Choir in the background.
The Clive Community Hall is back in
business and ready to take group
Repairs to the hall were completed
recently after it was damaged by fire last
October, due to a cooking mishap before a
However, the lengthy shutdown has
been costly. The various groups using the
hall on a regular basis before the fire
were forced to move on to other venues,
denying the hall a vital source of income.
Since it re-opened, the hall is only
being regularly used by the 80 members
of the newly-formed Hawke's Bay Com-
munity Choir on Thursday evenings.
Clive Community Hall Committee
spokeswoman Mary Hannan says the
hall desperately needs to be utilised
more, to generate income to help pay bills
and other expenses so it can continue
operating as a community venue.
Our insurance premiums have
doubled since the fire.
We need more groups to use the hall
otherwise the consequences could be dire
-- we may even have to close the doors,''
The hall is not the only Clive venue in
need of more community support --
Farndon Park Hall and the Clive Rugby
and Sports Club also need to increase
To that end, a new Clive Venues
Promotions Group has been created com-
prised of representatives of all three
We want the rest of Hawke's Bay to
know what a great range of venues are
available in our village,'' Ms Hannan
All the facilities can cater for different
needs and an endless variety of activities
from small gatherings to expansive
weddings, to everything in between.
Clive is a central point, so it lends itself
to gatherings that involve people from all
over the bay and beyond,'' she says.
Each venue has showers and changing
rooms and access for the disabled, as well
as polished wooden floors -- making them
ideal venues for dance groups.
The smaller Farndon Park Hall can
cater for up to 50 people and has is cur-
rently used for highland dancing, zumba
and martial arts classes and 21st
The Community Hall can comfortably
cater for 120 people. Along with a new
wooden dance floor, the repairs have
greatly improved the acoustics for sing-
ing and choir groups.
Clive Rugby and Sports can cater for
the biggest crowds and is the one venue
where it's permissible for alcohol to be
Each venue is available to be hired by
the hour at very competitive rates.
Farndon Park Hall: 870 00324
Clive Community Hall: 870 0202
Clive Rugby and Sports Club: 870 0312
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