Owners of land likely to sell after rezoning decision
Tuesday 5 October 2004
Some owners of Taieri Plain land Dunedin City Council intends to zone industrial do not want to sell, but believe commercial reality will see them vacate their land.
By The LandlordNo matter what the future holds, Janice Wilson, who owns about 16ha on Dukes Rd with her husband Ray, is glad for an outcome.
"I'm absolutely fed up with the whole thing. We've been living life in suspension for the past two years," she said yesterday.
The Environment Court has upheld the council's proposal to rezone 37ha of rural land in Dukes Rd, near Mosgiel, which included the Wilsons' block.
The industrial re-zoning was opposed by environmental group Plain Sense and Taieri Plain resident Brian Miller.
Read More - Opens in a new window
Commenting is closed
Stronger than anticipated demand from property buyers is helping to keep prices nationwide buoyant – and solidly up on last year - in the post-Covid housing market.
ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.
Minister of Finance Grant Robertson says the Reserve Bank could extend mortgage holidays for struggling borrowers.