Cheap houses becoming scarce
The Nelson region is running out of cheap houses, latest real estate figures confirm.
Sunday, September 28th 2003, 6:00AM
by The Landlord
The figures show a big drop from August last year, when a total of 68 properties across the region were sold in the lower price bracket - 49 in Nelson, 21 in Motueka, five in Richmond and three in Golden Bay.
In Richmond this year, there were no sales below $150,000 in either July or August.
"There is no doubt that lower-price property has moved up," the institute's Nelson-Marlborough president, Darryl Marshall, said.
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