Government pays $1.8m for natural gem in Nelson
Monday 26 April 2004
The Government has purchased a 758 hectare Nelson property to ensure public access to Harwood's hole, the deepest vertical cave shaft in New Zealand.
By The Landlord
Conservation Minister Chris Carter said the purchase of Canaan Downs Farm for $1.8 million ensured a "natural gem" would not be subdivided and sold off to developers.Canaan Downs Farm covers an area around Takaka Hill next to the Abel Tasman National Park and is part of the last stronghold of a rare species of carnivorous land snail.
"The farm is the main access way to Harwood's Hole, a 176 metre marble shaft that is an increasingly popular destination for cavers and sightseers," Mr Carter said.
Read More - Opens in a new window
Commenting is closed
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.
Commercial
Demand challenges for commercial sector
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
Mortgages
LVR loosening likely - ANZ
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.
