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.

Read More - Opens in a new window

Most Read

SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.69
Co-operative Bank - First Home Special 4.89
ANZ Special 4.99
SBS Bank Special 4.99
ASB Bank 4.99
TSB Special 4.99
Kiwibank Special 4.99
Westpac Special 4.99
Co-operative Bank - Owner Occ 4.99
ICBC 4.99
Wairarapa Building Society 4.75
Nelson Building Society 4.97
Kainga Ora 4.99
SBS Bank Special 4.99
Co-operative Bank - Owner Occ 4.99
Unity 4.99
TSB Special 4.99
ANZ Special 4.99
ASB Bank 4.99
AIA - Go Home Loans 4.99
Westpac Special 4.99
Westpac Special 5.39
ICBC 5.49
BNZ - Classic 5.59
Co-operative Bank - Owner Occ 5.69
ASB Bank 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
BNZ - Std 5.79
Kiwibank Special 5.79
Kainga Ora 5.79
TSB Special 5.89
SBS FirstHome Combo 4.19
AIA - Back My Build 4.44
CFML 321 Loans 5.25
Co-operative Bank - Owner Occ 6.20
Co-operative Bank - Standard 6.20
Heartland Bank - Online 6.25
Kainga Ora 6.44
Kiwibank Special 6.50
Kiwibank - Offset 6.50
ICBC 6.50
Kiwibank 6.50

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.