Commercial

Property problems: Council bylaws best bet in fighting brothels

Q. I am the owner of an investment property and have recently been told by neighbouring shop owners that one of the shops in the block may be turned into a brothel. I am worried that this will negatively affect the value of my property. What can I do?

A. On June 27, 2003, the Prostitution Reform Act came into law. This controversial legislation decriminalised prostitutio

Monday, September 13th 2004

n so that the activities of soliciting, brothel-keeping, procuring for prostitution and living on the earnings of prostitution are now lawful.

Before June 2003 keeping a brothel was an illegal activity and many brothels operated secretly. The Prostitution Reform Act resulted in brothels and sex activities coming out into the open.

Now all laws (including health and safety, tax, property laws) apply to these businesses in the same way as any other lawful business.

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Property investors refocus on cash flow

Unity First Home Buyer special	4.15
SBS FirstHome Combo	4.19
ICBC	4.49
Kainga Ora	4.59
SBS Bank Special	4.69
Nelson Building Society	4.69
TSB Special	4.69
Co-operative Bank - First Home Special	4.69
AIA - Go Home Loans	4.75
ASB Bank	4.75
Kiwibank Special	4.75

China Construction Bank	4.95
Kainga Ora	4.95
ICBC	4.99
Nelson Building Society	5.09
Co-operative Bank - First Home Special	5.19
Kiwibank Special	5.19
ASB Bank	5.25
AIA - Go Home Loans	5.25
TSB Special	5.25
Co-operative Bank - Owner Occ	5.29
Unity Special	5.29

Westpac Special	5.49
SBS Bank Special	5.49
BNZ - Std	5.49
AIA - Go Home Loans	5.59
ASB Bank	5.59
ICBC	5.65
Kiwibank Special	5.69
Kainga Ora	5.69
Co-operative Bank - First Home Special	5.69
Co-operative Bank - Owner Occ	5.79
TSB Special	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	4.20
Co-operative Bank - Standard	5.34
Co-operative Bank - Owner Occ	5.34
ICBC	5.39
Kiwibank Special	5.75
Kainga Ora	5.79
TSB Special	5.79
Unity Special	5.79

Commercial

Property problems: Council bylaws best bet in fighting brothels

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