Property Management

ARC turns down rates reform call

The Auckland Regional Council has voted to stick with the same rating system that hit households with increases as high as 657 per cent last year.

Monday, March 29th 2004

Councillors, who face the polls in seven months, yesterday voted 7-5 to keep the status quo after promising a review in the face of a ratepayer revolt. The boundaries for the public transport rate will not change either.

The ARC has now twice rejected the idea of introducing a business differential leading to lower rates for households.

Charging businesses 1 1/2 times the residential rate would have saved nearly 300,000 households between $5 and more than $500.

Instead, the council is planning to raise rates by 3.2 per cent. The public will have the opportunity to make submissions on the rates increase, including options for a business differential, from April 5 to May 3. Last year, councillors ignored most submissions and introduced the system, with strong backing from business.

Read More - Opens in a new window

Most Read

AIA - Go Home Loans 4.00
Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.89
BNZ - Std 4.99
ASB Bank 4.99
ANZ Special 4.99
China Construction Bank 4.95
Kainga Ora 4.95
ICBC 4.99
SBS Bank Special 5.29
Westpac Special 5.29
Co-operative Bank - First Home Special 5.29
BNZ - Std 5.35
AIA - Go Home Loans 5.35
ANZ Special 5.35
ASB Bank 5.35
Kiwibank Special 5.39
SBS Bank Special 5.49
ICBC 5.65
Kainga Ora 5.69
ASB Bank 5.75
BNZ - Std 5.75
AIA - Go Home Loans 5.75
Westpac Special 5.75
Kiwibank Special 5.89
Co-operative Bank - First Home Special 5.89
TSB Special 5.99
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.79
CFML 321 Loans 4.20
ICBC 5.39
Co-operative Bank - Owner Occ 5.69
Co-operative Bank - Standard 5.69
Kainga Ora 5.79
Pepper Money Prime 5.99
Unity Standard 6.04
Unity Special 6.04

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.