Property

Auckland City 9.7% rates rise approved

Auckland City Council made its way today through the combined committees debate required as a nicety before a 9.7% rate rise is imposed.

Monday, July 04th 2005

Action Hobson councillor Christine Caughey was absent, sick, mayor Dick Hubbard voted with the City Vision & Labour majority and the outcome was a 10-8 vote on most points.

The majority accepted some changes from Citizens & Ratepayers Now councillor Douglas Armstrong on the wording of resolutions to deal with the $73 million Civic underground carpark roof repairs & Aotea Square upgrade, of which $6.4 million will be allocated in the June 2006 financial year.

Targeted rates were pushed through and the majority led by deputy mayor Bruce Hucker got the 10-8 margin needed to allocate $1 million to pursuing partnerships or joint ventures for affordable housing – the most contentious issue because in the previous council term the council sold its housing to the Government as it cleared the decks of debt.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
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 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
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

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