Property

What price this view?

Raglan widow Hazel Edwards is paying a hefty price for her determination to remain in her Raglan home of 40 years.

Monday, December 13th 2004

Since 2002, soaring property values have propelled rates up by 48 per cent, causing an exodus of pensioners from the town.

This year, Mrs Edwards will pay rates totalling $2777; $2558 to Waikato District Council and $219 to Environment Waikato.

That's $891 more than in 2002 and a $106.80 fortnightly chunk out of her pension of $498.

The financial strain has forced dozens of pensioners like Mrs Edwards from their seaside homes, says real estate agent Margaret Kerapa.

"I'd hate to count (how many have gone)," she said. "I am totally aware that the rates are just ridiculous."

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50