Council unlikely to purchase land
Wednesday 18 August 2004
The Waimate District Council looks to have missed out on securing the former Waimate Hospital site.
By The LandlordSt John Properties, which bought the site off South Island Maori tribe Ngai Tahu for $65,000, has decided to advertise the site for expressions of interest.
When St John Properties bought the site it was a decision that annoyed Waimate mayor David Owen because he said the council had been told it had the first option to purchase the it.
Negotiations have dragged out since February this year, but it now looks increasingly unlikely the council will purchase the site.
Read More - Opens in a new window
Commenting is closed
Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.
Auckland ’s long-term future is sound as well situated residential developments will always sell and demand for affordable housing remains strong, a leading non-bank property financier says.
New mortgage borrowing rose by roughly $1.6 billion in May as the property market showed signs of recovery from the Covid-19 lockdown.