New Zealand Business Announcements
Property Investors Alerted To Buoyant Queenstown Property Market
In a recent look at the New Zealand property market, Eleven Media have alerted clients and property investors to the continuing buoyant Queenstown property market.
On 10th May 2018, as widely expect, The Reserve Bank of New Zealand kept its official cash rate unchanged at a record low of 1.75 percent. The central bank last moved the key rate in November of 2016. Economic growth and employment in New Zealand remain robust and at sustainable levels.
Eleven Media found property values increased in 14 out of 16 regions across New Zealand showing the continued demand for good properties particularly as listings continue to remain low in many parts of the country. The only exceptions to the price increases were Auckland and Canterbury – down 0.6% and 0.9% respectively – but these are only very small decreases and actually suggest that these markets have stabilised now.
It has been established that overall sentiment in the residential property market has continued to track upwards this year, gaining 8 percentage points in the last quarter. This follows an increase of 13 percentage points in the previous quarter.
A net positive 36 per cent of respondents now expect median house prices to increase over the next 12 months, up from a net positive 28 per cent three months ago and 15 per cent six months ago. The highest expectations for house price rises is Queenstown, Mt Maunganui, Tauranga, and Hamilton. The median price for property in the Queenstown Lakes region is now $950,000.
For expert comment, Eleven Media asked leading Queenstown real estate agent David Penrose on his observations and said, “Property sales in Queenstown during May 2018 were extremely buoyant. There were in the vicinity of 89 transactions combining for a turnover in excess of $89,000,000 NZD. Of note 36 homes found new owners, along with 21 apartments and 11 residential sections.”
On investigation, Eleven Media found that in June there continued to be a steady number of purchasers looking to secure property in one of the most sought-after locations in New Zealand. They also found that currently, the combined population for Queenstown and Wanaka is approximately 38,000 and this is predicted to double in the next 40 years. The present visitor numbers on a peak day are 80,000 and this is predicted to increase to 138,000 in the next 40 years.
Name: James Butterworth
Organization: Eleven Media
Address: Level 32, 200 George Street, Sydney , NSW 2000, Australia
Club Med Confirm Continuing Strong Bookings
Club Med confirmed to Tony Adams Media strong bookings from NZ ahead of the May to July peak dry months season.
Between fields of rice paddies and temples, the Club Med Bali Resort is a sanctuary for families and friends on the shores of Nusa Dua. With masses of space to unwind, contemporary design inspired by local culture, an adults-only Zen Pool overlooking a lush field of palm trees, a holiday to Club Med Bali rejuvenates body and spirit.
There are so many things to do at the resort from visiting the floating restaurant with delectable al fresco dining, exploring the nearby temples or be pampered in the Spa by MANDARA. Plus, embrace the spirt of local culture with Balinese cooking lessons and evening shows. Club Med Bali holidays have never been so blissful!
Little ones are well catered for and can fly on the trapeze or play about in the splash pool with new friends in a safe environment.
It is no wonder Bali is one of Australia’s favourite holiday destinations. Towering coconut palms and long, sandy beaches under the warm tropical sun. Tourists love Bali for the rich cultural and spiritual history they can explore, with fragrant foods, temples and traditional festivals which explains the strong tourism numbers in recent years.
Emma Cayeux, spokesperson for Club Med said, “Bookings are strong for different times of year with surfers wanting to catch the best waves between April & October, and chasers of culture booking to attend the Nyepi Festival in March or the Galungan Festival in February” She went on to say, “Bali has something for everyone and our kids club activities make it a truly great all-inclusive family holiday resort.”
About Club Med
Club Med is the worldwide leader in upscale Premium All Inclusive holidays. Guests have the freedom to enjoy the wide variety of services and activities that our Resorts offer, be it on their own or with others.
The extraordinary Club Med experience includes accommodation with refined comfort, all gourmet meals, all-day bar and snacking, a wide selection of sports and leisure, night entertainment and parties, as well as children’s clubs for all ages. Guests get to enjoy true quality time with their loved ones knowing that everything is safe and taken care of.
With over 67 resorts located all over the world, vacationers may look forward to spending a truly unforgettable holiday at exotic locations!
For more information on all inclusive Bali holidays please visit the Club Med website https://www.clubmed.com.au
Company Name: Club Med
Company Address: 227 Elizabeth St, Sydney, NSW Australia 2000
Phone: 1800 258 263
Nexus Business Sales’ Asian Alliances Bear Fruit
Nexus Business Sales (NBS) is pleased to report that the work it has done over the last 4 years in establishing its operations in Indonesia and Singapore is creating opportunities in the New Zealand market place. Together with its mid market M&A partner firm, Mandanex Capital, it has also established a number of strategic alliances across the Asian region.
Sean Synnott, the Wanaka based Director of NBS, said “We have been working hard for a number of years now to establish alliances with a number of leading players across the Asian region, and to bring the regional access that offers into the NZ market. This brings both inbound and outbound investment opportunities at the mid-market level, but also for successful SME businesses. Our team has a long history of living and working across Asia, and with feet on the ground there, we bring a unique service.”
Commenting from Auckland New Zealand, Nexus Business Sales’ North East Asia Development Manager, Kenji Yamaguchi highlighted the benefits that strategic alliances bring. “Our alliances with a range of well established M&A firms in Japan are bringing genuine buyers into the New Zealand market. These buyers are very comfortable dealing with a company such as ourselves who understands the real world operating environments in both countries”.
NBS is a leading NZ Business Broker based out of New Zealand’s South Island, and has brokers operating in all the main centers across the country. Mandanex has representation in Australia, Indonesia, Singapore and Japan.
To learn more about the New Zealand operations and the services offered, visit the website here: https://www.nexusbiz.co.nz
About Nexus International Group
Nexus International Group companies provide ‘best in class’ services in the areas of M&A and business sales. They also perform business valuations and advisory work in the lead in to your proposed transaction. The operations are located through NZ, Australia, Indonesia and other parts of Asia. The team blends experienced executives with highly qualified younger talent.
Nexus International Group boast many years of on the ground experience across Asia, which brings a depth of networks and practical know how in those markets. Nexus International bring together teams needed to represent mid-market companies through to small family business owner businesses seeking investors for growth or divestment.
Nexus Business Sales
Phone: +64 3 443 0043
Address: 14 Dunmore Street, Wanaka, New Zealand 9343
Australian Man’s Incredible Solo Charity Ride Through NZ
While all focus and attention is on the world’s professional cycling elite during the Tour de France, Australian Cameron Nicholls is completing an equally impressive solo ride on the other side of the planet. From 18 July to 29 July 2017 Cameron will ride the length of New Zealand, from Cape Reinga at the top of the North Island, to Bluff at the very bottom of the South Island, covering 2,417 kilometres in 12 days.
The contrasts to the world’s biggest cycling race couldn’t be more profound: while the professionals will be roasting in the French summer sun, Cameron will be experiencing the worst of New Zealand winter, riding through the mountainous South Island in temperatures as low as -10˚ Celsius.
While the cycling elite are nurtured by their entourage of support vehicles, mechanics, masseurs, doctors and chefs, Cameron will be followed by his wife in a campervan. The average daily distance of Cameron’s ride is 201 kilometres, dwarfing the Tour’s average stage distance of 168 kilometres.
His motivation for this impressive feat is two-fold: “Firstly, I’m just a bit of a cycling fanatic and someone who likes to push myself further than you would think possible. However, what prompted me to do this ride was my 13-year-old Kiwi cousin’s recent diagnosis with Hodgkin’s Lymphoma. The illness really shocked the family and motivated me to do something to raise funds for other kids in my cousin Lachie’s situation”, said Cameron.
As part of the ride, he will be raising funds for CanTeen, a charity for young people living with cancer. He has set up a fundraising page for the ride and hopes to bring in tens of thousands of dollars for the New Zealand and Australian arms of CanTeen. The campaign has been named Ride the Long White Cloud after the Maori name for New Zealand, Aotearoa, meaning the Land of the Long White Cloud.
While Cameron spends eight to ten hours on his bike for 12 days straight, his wife and chief motivator Alice will form the one-person support crew. “The original plan was for my wife and I to enjoy a relaxing holiday away from the kids, but I have well and truly ruined that with this ride. Luckily, my wife is always the first to encourage me to follow through on my crazy ideas, so there wasn’t too much convincing to do”, said Cameron.
The itinerary below highlights the extremity of the ‘Ride the Long White Cloud’.
Day 1 – 18th of July; Ride from Cape Reinga to Paihia, (213km), 1,767 m of climbing
Day 2 – 19th of July: Ride from Paihia to Auckland (240 km), 2,375 m of climbing
Day 3 – 20th of July: Ride from Auckland to Rotorua (252 km), 1,220 m of climbing
Day 4 (plan A) – 21th of July: Ride from Rotorua to Taihape (222 km), 1,881 m of climbing
Day 5 (plan A) – 22st of July: Ride from Taihape to Masterton (206 km), 1,550 m of climbing
Day 6 (plan A) – 23nd of July: Ride from Masterton to Upper Hut/Wellington (80 km), 632 m of climbing
Day 4 (pan B) – 21th of July: Ride from Rotorua to Napier (220 km), 2,350 m of climbing
Day 5 (plan B) – 22st of July: Napier to Eketahuna (198 km), 988 m of climbing
Day 6 (pan B) – 23nd of July: Eketahuna to Upper Hut/Wellington (118 km), 803 m of climbing
Day 7 – 24rd of July: Ferry, Wellington to Picton. Ride Picton to Nelson (120 km), 1,428 m of climbing
Day 8 – 25th of July: Ride Nelson to Westport (224 km), 2,322 m of climbing
Day 9 – 26th of July: Ride Westport to Whataroa (242 km), 1,855 m of climbing
Day 10 – 27th of July: Ride Whataroa to Haast (175 km), 1,642 m of climbing
Day 11 – 28th of July: Ride Haast to Queenstown (207 km), 2,552 m of climbing
Day 12 – 29th of July: Ride Queenstown to Bluff (214 km), 674 m of climbing
About Cameron Nicholls
Cameron Nicholls is a 36-year-old male from Melbourne, Australia whose passion for cycling permeates his life. He is the co-founder of Australian cycling marketplace Bike Chaser and regularly spends his weekends in amateur races around Australia. He has a strong family and emotional connection to New Zealand, the birthplace of his mother. He is married, with two young daughters.
Primary contact: Cameron Nicholls
Phone: +64 210 841 4190 (during ride) +61 475 333 349 (post ride)
Secondary contact: Alice Nicholls
Phone: +61 405704551
Australian Address: 14 Toorak Road, South Yarra, VIC
GAB Chartered Accountants Expand Specialist Trust Accounting Services
Kapiti Coast, Wellington, New Zealand based GAB Chartered Accountants have just expanded their specialist trust accounting services to accommodate increased numbers of business owners and professionals returning from periods overseas.
Mr Graeme Beardsley, founder and principal of GAB Chartered Accountants said, “We have noticed a trend of business owners and professionals returning from stints overseas and wanting professional advice on setting up trusts on arriving back in New Zealand.” He went on to say, “The legal and taxation issues relating to the setting up of family and trading trusts are complex. We have over 25 years of experience in this field and are well qualified to handle the most complex of cases presented.”
Any individual with assets such as their family home and investments, needs to consider the protection of those assets. Each person’s situation is unique but GAB Chartered Accountants Kapiti Coast generally recommend a mixture of appropriate insurance cover and a family trust. The issues and options are discussed with you to ensure you understand what’s involved. They then liaise with your lawyer and other professional advisers to ensure the appropriate structure is put in place.
Trusts can be established for a variety of reasons and there are two major types. Firstly, Trust’s which provide protection for personal assets such as the family home & investments. These are commonly referred to as “family trusts”. Secondly, Trust’s established to operate a business. These are commonly referred to as “trading trusts”.
Trusts can provide a high degree of flexibility in managing your investments or business, and can provide a number of tax planning opportunities. GAB Chartered Accountants insist that correct management is vital if the trust is to operate effectively and avoid attack.
About GAB Chartered Accountants
GAB Chartered Accountants principal, Graeme Beardsley, hails from Christchurch and spent the first few years of his working life with the Inland Revenue. He then worked for a number of years in one of New Zealand’s leading trustee company’s. Graeme became a Chartered Accountant and member of the Institute of Chartered Accountants of New Zealand in 1987. He entered public practice in 1998.
Throughout his career, Graeme has gained experience in assisting a wide variety of business owners, investors and trustees with their accounting, tax compliance and governance responsibilities.
GAB is a Chartered Accounting practice providing a range of accounting and tax services. They are based in Paraparaumu and act for clients in the wider Wellington region and beyond. They recognise that their clients can be busy and part of their personal service is visiting clients at their place of work or home.
To Learn more about GAB Chartered Accountants and their trust accounting and other services visit the website.
Mr Graeme Beardsley
GAB Chartered Accountants Limited
24 Queens Road Waikanae Beach 5036 New Zealand
+64 0800 344944
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