Property

Giant hole deepens row over subdivisions

A teenage property developer has almost forced celebrity raconteur Jim Hopkins to evacuate after illegally excavating a 9m hole up to the edge of his house.

Monday, July 04th 2005

The debacle has brought to a head community anger over a wealthy Christchurch family's property development in the small, formerly working-class, fishing port of Lyttelton.

Tom Lewis, 18, may yet face prosecution for the giant hole, which he dug without resource consent and after he was ordered to stop by the Banks Peninsula District Council.

His family, the Lewises - who live not in Lyttelton but in affluent Scarborough - have bought at least nine properties in the port town, including a 3ha section they propose to subdivide into 15 house-lots.

Neighbours are fighting the subdivision while other residents are campaigning against the "outsiders".

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Wednesday, April 17th 2024

Rate cuts needed to lift mood

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Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

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