Toxic land fears

Thursday 4 November 2004

An estimated 1000 North Shore properties could be sitting on land containing dangerous levels of toxins and heavy metals from horticultural sprays.

By The Landlord

Large tracts of the North Shore, like in Albany, Beach Haven and Birkdale, were formerly market gardens and orchards.

An Auckland Regional Council study puts horticultural land at higher risk of having unacceptable levels of DDT, arsenic, lead and copper.

The North Shore City Council has not decided on whether past horticultural activity will be flagged on a property's land information memorandum (LIM report).

The Real Estate Institute of New Zealand predicts prices of any properties earmarked will take a temporary drop.

Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer