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 LandlordLarge 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
Treasury might be expecting house prices to fall - but market data suggests otherwise, with Trade Me Property’s August data the latest to show rising prices and high demand.
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.
Home lending soared to $6.5 billion in July during New Zealand's Covid-free period, reaching its highest level since November last year.