Ratepayers to be hit hard

Monday 5 April 2004

Manawatu District Council will have to squeeze about $1.5 million out of its ratepayers to fund repairs to infrastructure damaged by the recent floods.

By The Landlord

Speaking at a meeting of the council's strategic planning and policy committee yesterday, MDC assets manager Richard Kirby estimated the cost of repairing roads and utilities would be $18.77 million.

Road and bridge repairs would account for $17.4 million of this, while $1.37 million would have to be spent on utilities like water and waste.

Read More - Opens in a new window
Commenting is closed

Property News

Prices not impacted by new listings surge

There was an influx of new listings on to the housing market in July but it is making little impact on the shortage of housing stock around New Zealand.

House Prices

Demand is keeping prices resilient

Stronger than anticipated demand from property buyers is helping to keep prices nationwide buoyant – and solidly up on last year - in the post-Covid housing market.

Commercial

Augusta Capital takeover bid now unconditional

ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.

Mortgages

Mortgage holidays set for extension

Minister of Finance Grant Robertson says the Reserve Bank could extend mortgage holidays for struggling borrowers.

Site by PHP Developer