Search

Search News Search Questions

News > Property > Sinking house doomed from the beginning

Property

Sinking house doomed from the beginning

Witnesses are lining up to give evidence against Palmerston North City Council in an attempt to help Coromandel Court home owners Barry and Sheryl McKay get their money back.

Wednesday, November 24th 2004

Former Palmerston North city councillor Les Baty says he is prepared to go to court to support the couple. He believes the housing development, off Featherston Street in Palmerston North, should never have been built.

Mr Baty - a councillor from 1989 to 2001 - has slammed the current council for its treatment of the couple, who are seeking to recover the cost of their $127,000 home.

The couple want compensation for their house, which is slowly disappearing into the ground because of subsidence on the site, which overlooks the Featherston Street Pit.

Read More - Opens in a new window

Next Article

Property investors refocus on cash flow

Most Read

See more News >

Top Mortgage Rates

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
TSB Special 4.39
Co-operative Bank - First Home Special 4.39
ICBC 4.39
SBS Bank Special 4.49
Unity Special 4.49
ANZ Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
ANZ Special 4.69
TSB Special 4.69
BNZ - Std 4.69
Wairarapa Building Society 4.79
Nelson Building Society 4.87
Westpac Special 4.89
Co-operative Bank - Owner Occ 4.89
Kiwibank Special 4.89
SBS Bank Special 4.89
Unity Special 4.89
ICBC 5.19
Westpac Special 5.29
TSB Special 5.29
BNZ - Std 5.29
SBS Bank Special 5.69
Co-operative Bank - Owner Occ 5.69
Kainga Ora 5.69
ASB Bank 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Westpac 5.89
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
Unity Standard 5.79

Full Rates Table

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.

Landlords
© 2026 Tarawera Publishing Ltd.