Property Management

Dunedin: Legislation could prompt rent rises

Legislation taking effect from July will allow the Dunedin City Council and other councils to charge a full set of rates on each separately inhabited part of a residential property.

Monday, November 04th 2002

Under the existing legislation, councils have been able to charge only one uniform annual general charge and one drainage charge per certificate of title, regardless of how many residential units are built on that property.
In Dunedin, adopting the legislation could mean increases of more than $350 a year per unit, an amount landlords would probably pass on to their tenants...
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Wairarapa Building Society 6.95
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Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
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SBS Bank 6.79
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