Property Management

Flood costs hit regional ratepayers

Horizons rate increase this year will be 10.94 percent.

Wednesday, August 04th 2004

An increase of 11.24 percent was proposed in the draft long-term council community plan, with 8.7 percent of the rate increase going towards storm recovery costs.

Much of the repair costs are in the damaged river and drainage schemes, with 23 of the region's 31 schemes damaged in the February storm and flooding.

Repairs will cost about $17.9 million, with $988,000 coming from ratepayers through the special storm recovery rate, council chairman Chris Lester said.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
AIA - Go Home Loans 4.75
Unity Special 4.80
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.89
Kiwibank Special 4.95
TSB Special 4.99
Kainga Ora 4.95
China Construction Bank 4.95
ICBC 4.99
SBS Bank Special 5.29
Unity Special 5.29
Co-operative Bank - First Home Special 5.29
Kiwibank Special 5.39
ASB Bank 5.45
Westpac Special 5.45
AIA - Go Home Loans 5.45
BNZ - Std 5.45
SBS Bank Special 5.49
BNZ - Std 5.49
Westpac Special 5.49
ASB Bank 5.59
AIA - Go Home Loans 5.59
ICBC 5.65
Kiwibank Special 5.69
Kainga Ora 5.69
Co-operative Bank - First Home Special 5.89
Co-operative Bank - Owner Occ 5.99
TSB Special 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
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
Heartland Bank - Online 5.80
SBS Bank 5.84
Pepper Money Prime 5.99

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.