Lockdown: Turley & Co is Working and Fully Operational

Lockdown Period

Firstly, we hope that you and your families are keeping well and remaining safe.

Turley & Co directors are manning our offices 300 metres from their same rural address home. The rest of our team are using 365, other cloud software, and Turley & Co secure terminal server RDP access to client project files (all digital since 2003).

Please contact us for a video call: Microsoft Teams, Zoom and other platforms:
Skype – pat.turley.01
WhatsApp
FaceTime

We were well-prepared for business-as-usual. Turley & Co was quickly fully operational within the constraints of the nationwide lockdown. Our secure terminal server enables RDP access to client and project files that are all digital since 2003 (our very long-running contingency platform).

Our home office team is operating with full RDP access to client files and unlimited broadband.

Turley & Co people are working closely collegially as usual by audio and video calls, augmented by Microsoft Teams including online chat.

We are networking and collaborating as usual with our large firm partners. We will continue to gather and provide relevant information for supporting our clients to manage their property decisions in these challenging times.

If you have any questions, or if you would like to share marketplace experiences, please don’t hesitate to contact any of our team. We are available as usual and now including virtual coffee meetings, and exchange.

Take care. We look forward to working with you and supporting you in the future!

By Team Turley & Co.

Napier demolition the largest ‘in living memory’ | NZH | HBT

The demolition of Napier City Council’s former Civic Building on Hastings Street is probably one of the largest in living memory.  The building was abandoned in 2017 after it was found to be earthquake prone.

Turley & Co was a contributing commentator for the Hawke’s Bay Today video and print story:

NZH | HBT | 25 Feb 20 | Local Focus: Napier demolition the largest ‘in living memory’

Turley & Co press.

 

Other Turley & Co press here

Potts International Track & Field Meeting | 200m Mens Dash Sponsor

Turley & Co is again a proud sponsor of Hawke’s Bay’s annual premium NZ and international athletics Potts Classic track and field meeting. It gets underway on Wednesday January 22nd with indoor pole vaulting and on Saturday at the Sports Park. The meet is a festival of top-end athletics.  HBT press links x7 below and event photos gallery.

Details:

Event Photos Gallery | FB

Hawke’s Bay Today Press:

Sprint sensation Eddie Osei-Nketia to headline Potts Classic in Hastings

Zoe Hobbs adds to star-studded cast at Potts Classic in Hastings

Long-term consistency trumps Tokyo Olympics for pole vaulters 

Easy does it for Eliza McCartney but Tokyo Olympics still goal 

Coach Dale Stevenson helps Tom Walsh come up with new concepts

Tom Walsh starts journey at Potts Classic to remove bitter taste

Playful Dame Valerie Adams books date with Tokyo Olympics

 

Napier-Hastings housing now ‘severely unaffordable’ | HBT

A “perfect storm” has hit housing prices in Napier and Hastings to the point where it is now classified as ‘severely unaffordable’.

Turley & Co was a contributing commentator to the HBT story:

Hawke’s Bay Today | 21 Jan 20 | Napier-Hastings housing now ‘severely unaffordable’, in top six least affordable cities in NZ

Turley & Co press.  NZH – paid subscriber access.

 

Paharakeke/ Flaxmere | Turley & Co | BayBuzz Magazine | Jan 20

The magazine is in shops and the article is available on the BayBuzz website.  Turley & Co is a volunteer writer – prior articles listed below.

Turley & Co press here

Flaxmere Article 
Flaxmere’s house value appreciation over 15-20 years has outperformed some coastal and urban locations for Hawke’s Bay.

In 1998, Flaxmere recorded 27 house sales equating to 2.3 per month and a total value of $2.2m.  In 2018 transactions were 237 or almost 20 per month summing $56.1m. In 2018 the median house sale price was $230,000 – up 156% in 20 years with growth highest since 2003.

Turley & Co’s 15-years 2003-2018 study measured Flaxmere’s median residential property value change at 142% or 6.1% per annum compound.  Flaxmere’s annualised value growth outpaced residential property over the 15 years for Napier Hill (3.2%), Mahia beach (3.3%), Bay View (4.1%), Westshore (4.4%), Taradale flat areas (5.5%) and Waimarama (5.7%).

The 2019 three-yearly Rating Valuation reassessment for 2,976 residential rating units at Flaxmere reflects average Capital Value of $307,100.  The Flaxmere RV has risen 67% compared to district-wide residential RV increase 43% 2016-19.

Mountains of hard work has converged, yielding the iwi-led ground-breaking Waingākau Village, the Kimi Ora Community School culture-focused redesign, town-centre and community facilities betterment (as promised by Hastings Council) and St Andrews’ solar electricity project.

Refer to the article for more …

Other BB Articles by TCL
Other Turley & Co articles for BayBuzz:

Could Hastings have an ‘eat street’? Heretaunga St East is showing all the signs

“The strong Hawke’s Bay economy is being reflected in its retail centres with Hastings now in particular experiencing a revival in its hospitality scene, according to the Turley & Co November Retail Focus survey.”

Hawke’s Bay Today | 26 Nov 19 | Could Hastings have an ‘eat street’? Heretaunga St East is showing all the signs
Turley & Co press.  NZH – paid subscriber access.

 

Hastings Alive! City Centre Revitalisation Newsletter for HDC full details

Turley & Co Retail Focus© Report | November 2019 for more information

Retail Focus© Hawke’s Bay | November 2019

Turley & Co Retail Focus© report below and Press plus link for HDC newsletter full details:

Access free report:

Hawke’s Bay hospitality occupancy has increased 2015-19 for all prime mainstreet locations surveyed: Napier, Taradale, Hastings and Havelock North.  Food & Hospitality account for a quarter of shops occupancy in both Havelock North and Taradale.  Our other talking points for this report are:

  • Shops occupancy improved/ vacancies down
  • Retail spending up
  • HB economic conditions buoyant
  • CBD revitalisation and vibrancy initiatives afoot

 

Turley & Co published in late 2018: CBDs Are Social Centres | A Hastings CBD History | BayBuzz Magazine

Maraetōtara Tree Trust native trees releasing with sponsors Unison, David Trubridge & Turley & Co

Turley & Co people working on trees at the Maraetōtara River 14 Nov 19 – Pat Turley, Nikki Whelpton and Dayna Campbell (absent Wayne Smith and Sue Turley):

       

Maraetōtara Tree Trust people with river project sponsors Turley & Co, Unison Networks and David Trubridge Ltd staff volunteered time releasing young native trees at Maraetōtara river – 30 people turned out.

Unison entered a three-year partnership with MTT in July this year, joining the whānau restoring the Maraetōtara River for 17 years.

David Trubridge’s company is a key sponsor of Maraetōtara Tree Trust since 2014

Turley & Co is Maraetōtara River restoration project original permanent sponsor since 2006.  Pat Turley is volunteer Trust Board Chair for Maraetōtara Tree Trust since 2014.

Maraetōtara Tree Trust has 17 years of credibility planting up to 15,000 native trees and plants every year.  Of 86 kms river both sides, 33 kms is reserved and planted – at least 33 hectares planted with at least 150,000 native trees so far!

The Maraetōtara River restoration project involves the whole community.  It is possibly the longest established project of its type in NZ and possibly the only whole river project.

MTT digital platforms Website | Facebook | Instagram | LinkedIn | Give-A-Little

P Turley LinkedIn post for MTT

Maraetōtara Tree Trust win the Supreme Award from Hastings Landmarks Trust | Aug 19

Bellwether Industrial Sale New Plymouth ➝ 5.58%

Colliers IM PDF for investment sale:

Cap rates continue to harden influenced by mega-low interest rates and masses of investment capital chasing good attributes commercial-industrial property.

The latest regional bellwether sale is at Bell Block New Plymouth – price $3,105,000 / 5.58%, for a 10 years lease to Asmuss at 82 De Havilland Drive.

Congratulations to Benet Carol and colleagues at Colliers.

LinkedIn post 11 Nov 19

Pat Turley photos 30 October:

Coastal property values reflect climate change | Turley & Co | BayBuzz Magazine | Nov 19

The published article is available on the BayBuzz website.

Hawke’s Bay’s coastal strategy has become a pressing topic. Storm surges have wreaked spectacular havoc at Clifton beach, coastal Te Awanga and Haumoana. Hohepa www.hohepahawkesbay.com has decided to retreat from low-lying land near Clive for its 60 residents’ safety. The Hohepa relocation to Poraiti will take five years and is budgeted at $10.5 million.

A 15-year coastal property study conducted by valuers and land economists Turley & Co, shows that many Hawke’s Bay coastal locality property values have performed well, but several inland urban locations have performed better.

“The rate of value growth for relatively scarce Hawke’s Bay beachfront property has generally not – as might have been be expected – outperformed more abundant inland competitors.”

P Turley LinkedIn post for article

Maraetōtara Tree Trust win the Supreme Award from Hastings Landmarks Trust | Aug 19

Hawke’s Bay Today | 30 Aug 19 | Maraetotara Tree Trust’s vision recognised in Landmarks Trust Awards
Maraetōtara Tree Trust press – NZH.

 

 

Most of the MTT team 9 Aug 19 – Josh Lynch, Mark Roper, Pat Turley, Dean Roughton (HBRC), Lisl Prendergast, Kepa Toa (trustee and Kaumātua), Hylton McDermott (a founding trustee 2002), Alec Olsen (absent Richard Stone and Alan Berry):

Turley & Co is Maraetōtara River restoration project original permanent sponsor since 2006.  Pat Turley is volunteer Trust Board Chair for Maraetōtara Tree Trust since 2014.

The Trust was taken back and thrilled to win the Supreme Award from Hastings Landmarks Trust at its biannual awards!  Hastings District Council posted: Landmarks Awards showcase best in the district

It is a high accolade for the trust’s governance team and the broader project partnership: the landowners, Hawke’s Bay Regional Council, volunteers, schools, donors and sponsors. The whole river project has been masses of work for almost two decades.

Maraetōtara Tree Trust has 17 years of credibility planting up to 15,000 native trees and plants every year.  Of 86 kms river both sides, 33 kms is reserved and planted – at least 33 hectares planted with at least 150,000 native trees so far!

The Maraetōtara River restoration project involves the whole community.  It is possibly the longest established project of its type in NZ and possibly the only whole river project.

MTT digital platforms Website | Facebook | Instagram | LinkedIn | Give-A-Little

P Turley LinkedIn post for MTT

1H19 | Commercial-Industrial Property Indicator Reports | Issue #29

Please email Turley & Co people@turley.co.nz for first-half 2019 full reports Macro, Retail, Office and Industrial.  The full reports cite 65 transactions.

Our one-page indicator reports follow:

For prior period full reports Q3-4 2018: Reports x4 second-half 2018
Other free access information: Property Market Metrics

Strong retail spending growth in Hastings district July 19

Hastings retail is on a role with $76 million spent for the three months to June.

MarketView records a past quarter result 6.2 per cent up on last year and increase $4m over the three months to March.

Turley & Co Q1-2 2019 commercial-industrial market reports will publish shortly.  For our prior Retail Focus Report

Hastings District Council News | 23 July 2019

P Turley LinkedIn

The Value of Urban Trees by Turley & Co | BayBuzz Magazine | Jun 19

The published article is available on the BayBuzz website.

In terms of human benefits, increasing evidence indicates that trees considerably improve our mood, sociability, well-being and health. Trees are shown to help reduce stress, improve our attention capacity and assist illness recovery.

An article on human health effects in the American Journal of Preventive Medicine (2013) said there was a “convincingly strong” connection between 100 million Michigan trees decimated by an invasive beetle, and the coinciding increase of heart disease and pneumonia for populations nearby …

University of Washington research indicates larger trees on residential properties, as well as street trees, can add 3-15% to market values. Homes adjacent to “naturalistic parks and open spaces” transact at 8-20% greater market value than homes not near trees.

The Standard Tree Evaluation Method uses an assessment score and considers costs to buy and plant trees, as well as maintenance costs and tree age. The STEM valuation, in one example, assesses $9,000 for a Hastings single amenity tree 25 years of age.

The STEM and Melbourne valuation methods would determine the collective value of the Keirunga woodland trees of at least $2,000,000 if not $5,000,000, or possibly greater …

The Value of Trees by Turley & Co | BayBuzz Magazine | Mar 19

The published article is also available on the BayBuzz website. The Keirunga Oaks campaign page with links to Facebook and Change.org

Human sustain­ability cannot exist without environ­mental sustainability, and the value of trees extends considerably beyond their direct economic benefits …  Trees are also big business … Hawke’s Bay accounts for about 65% of NZ apple exports exceeding $700 million annually, forestry makes up about $5 billion (3% of GDP).

Notable and heritage trees are many decades in the making and not easily replicated.  When felled, they often leave a hole environmentally and socially, that is not easily backfilled.

The Havelock North Keirunga oaks have triggered the latest local debate Facebook.com/savethetreesHB  Council proposed felling about 46 oaks, many of which are over 80 years of age.

Hawke’s Bay Regional Council with Ngāti Kahungunu Iwi signed the Kahutia Accord to set out to plant 100,000 hectares of Hawke’s Bay land by 2030.  Read more in the article … [PDF above]

2H18 | Commercial-Industrial Full Property Market Reports | Issue #28

Our full biannual market reports below and published since 2005, are now a subscriber item.  Please contact us people@turley.co.nz or via our contact page for subscription details.

Our 2H18 full property market reports cite 61 transactions.

The below paid reports posted 28 Jan 19 Issue #28, require an access code contact us:

Other market information is free access at News | Reports

Overstated Risk Leads to 80 years Oaks in Peril | Council Plans to Fell ~90 Trees

 

 

 

 

 

 

 

 

 

 

 

 

 

Tim Whittaker photo Keirunga Oaks Autumn 2018

Stand-up for The Keirunga Oaks campaign: Facebook page and Change.org petition

 

P Turley Talking Point for Hawke’s Bay Today:

Hawke’s Bay Today | 26 Jan 19 | Overstated risk leads to 80-year-old oaks in peril
Turley & Co press – NZH.

 

 

“Hastings District Council’s proposed destruction of a Havelock North woodland by removing young oak trees, in the name of risk mitigation, is a shocker

Hastings District Council’s draft plan for Keirunga provides detail on the recommended removal, replacement and future management of the woodland known as the Arthur’s Path Gully. The proposal is to remove around 40 oaks and 50 other trees. Many of the trees were planted by George Nelson in the 1930’s. He gifted the land to the community …

Submissions to Council on the Keirunga oaks’ fate are now set to close 5 April.  By all means get in touch with trees enthusiast and oaks campaigner Pat Turley – 021 33 33 93 or pat@turley.co.nz

 

HDC Keirunga Gardens Draft Tree Management Plan | November 2018 

 

 

11 Jan 19 | Proposal to fell dozens of old oak trees ‘an absolute shame’ says former mayor