Rates rise of 3.5% on table

Thursday 24 June 2004

The Christchurch City Council is set to slap homeowners with a rate increase of about 3.5 per cent.

By The Landlord

After several weeks of considering public submissions on its plans the council's budget sub-committee is recommending a final increase close to the 3.6% first mooted in March.

A full council meeting will make the final decision next Wednesday.

The increase will amount to less than $1 extra a week for most households.

Budget sub-committee chairman Alister James said ratepayers could expect similar increases over the next several years.

The committee had decided not to support the launch of a controversial $10 million household kitchen waste recycling scheme at this stage. "There will be a great debate about this at the council I am sure," James said.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

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.

House Prices

No stopping Capital price rises

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.


NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.


LVR limits slow down investors

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.

Site by PHP Developer