Battle looms over second sinking house
Monday 29 November 2004
A second Coromandel Court homeowner is taking legal action against the Palmerston North City Council over the state of his sinking house.
By The Landlord
As Barry and Sheryl McKay wait for battle to commence with the council over subsidence under their home at 7 Coromandel Court, neighbouring landlord Dave Morrison is in the thick of a five-year court fight for compensation.Mr Morrison says his house, at 8 Coromandel Court, has problems similar to those afflicting the McKays' three-bedroom house.
The floor at 8 Coromandel Court falls 15cm over the 9m from the middle of the kitchen to the back of the house, water pools on one side of the shower, and any water that spills on to the bathroom floor runs across the hall and into a bedroom.
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.
Commercial
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.
Mortgages
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.
