Compulsory property insurance welcomed
Thursday 9 September 2004
Victim of Wanganui floods says some form of compulsory insurance would be a good idea
By The LandlordAn uninsured Wanganui flood victim says some form of compulsory insurance would be a good idea.
The Government's considering making household insurance mandatory after it emerged up to 60 percent of homes hit by the February floods were uninsured.
One suggestion is a surcharge on property rates.
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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 restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.