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Property Management

Quay residents fear rates hike

Some Wakefield Quay home owners are upset at rises in the rating valuations for their properties, which they fear could more than double their rates.

Tuesday, October 28th 2003

They say they have been hit hard because of apartment developments in the area.

The new rating valuations for Nelson have raised some alarm already, with Nelson Grey Power warning that pensioners could be forced out of their homes because of rate rises.

Wakefield Quay resident Pauline Field said she and several neighbours were also very alarmed.

She said the land value of her property had soared from $226,000 three years ago to $1 million.

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Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.49
ICBC 4.49
Kiwibank Special 4.49
SBS Bank Special 4.49
Co-operative Bank - First Home Special 4.55
Kainga Ora 4.59
ASB Bank 4.59
Unity Special 4.59
AIA - Go Home Loans 4.59
ICBC 4.89
Kiwibank Special 4.89
Kainga Ora 4.95
China Construction Bank 4.95
ASB Bank 5.09
TSB Special 5.09
Unity Special 5.09
SBS Bank Special 5.09
Nelson Building Society 5.09
BNZ - Std 5.09
AIA - Go Home Loans 5.09
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Std 5.79
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank Special 5.65
Kiwibank 5.65

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