4% rate increase tipped
Wednesday 3 March 2004
A rate rise of about 4 per cent is tipped for Christchurch residents this year.
By The LandlordInitial fears that rates might increase by more than double the projected 3.6% have dissipated as the Christchurch City Council moves through its annual plan process.
Annual plan sub-committee chairman Alister James told The Press yesterday that he was happy with efforts to keep rates down.
Although the budget process was far from being completed James said the increase would not be "too far off" the 3.6% predicted last year.
"I am quite pleased with the way it's developing," James said.
"There are some fairly big projects which we are looking at and so there certainly is an increase in costs."
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.