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South Aucklanders will struggle if Auckland Council raises rates, advocates say
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South Auckland families will struggle with rates rise, councillor says
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South Aucklanders will struggle if Auckland Council raises rates, advocates say
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Disruptions caused by the ongoing pandemic are expected to be reflected in the fourth quarter inflation data to be released later today.
Annual inflation was expected to be in a range of 1.0 to 1.4 percent, which was well below the midpoint of the Reserve Bank s 1.0 to 3.0 percent target range (file image).
Photo: 123RF
Economists were expecting the December quarter Consumer Price Index to be flat or up slightly on the September quarter, in a range of 0.0 to 0.3 percent.
Annual inflation was expected to be in a range of 1.0 to 1.4 percent, which was well below the midpoint of the Reserve Bank s 1.0 to 3.0 percent target range.
Madu Kari, who brokered the deal, has since sold a number of properties across south Auckland for over a million dollars, and he doesn’t see the market losing steam any time soon. “The way it’s going, there’s a huge demand, and I’m expecting even more houses to start going in that price range,” he says. And he sees sections like the one in Ōtara as prime fodder for developers. Mason Ngawhika, of Ngāi Tahu and Te Arawa, worries about the creep of gentrification.
David White/Stuff
Ōtara’s first million-dollar home sold in Luke Place in October.