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Wellington.scoop.co.nz » "Unsustainable:" 31% increase in Wellington house prices in 12 months


Wellington.Scoop
REINZ reports today that its house price index shows that prices for houses in Wellington have increased by 31.2% in the last 12 months – the third highest rise in New Zealand. It was the largest increase since records began.
Press Release – REINZ
Median prices for residential property across New Zealand increased by 24.3% from $665,000 in March 2020 to $826,300 in March 2021 a new record high for the country. Additionally, 12 out of 16 regions reached record median prices and so did 32 districts, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand. ....

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Central Otago rural rates increase 'return to status quo'


Central Otago rural rates increase return to status quo
31 Mar, 2021 10:30 PM
2 minutes to read
Wedderburn farmer Stu Duncan. Photo / Supplied
Otago Daily Times
By: Jared Morgan
Large proposed rates hikes for some Central Otago farmers actually represent a return to normal, a councillor and farmer says.
Average figures presented by the Central Otago District Council in its proposed 2021-31 long-term plan show a potential 37.3 per cent increase for a farm in Maniototo, an average of $918.43 in the next year.
In Manuherikia that figure is 38.8 per cent or $2158.
In the large farm category, Maniototo runholders could face a 52.5 per cent or $9424 hike, while in Manuherikia that rates take may increase by an average of $5892 or 42.4 per cent. ....

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Restricted Fire Season For Otago District's Central Zone


The central zone includes Alexandra, Clyde,
Cromwell, Wanaka, Lake Hawea, Naseby, Ranfurly, Kurow,
Otematata, Omarama and Middlemarch.
There has been a
total fire ban in the Otago District Central Zone since 18
December 2020.
However, recent rainfall has reduced
the fire danger levels which means the area can now join the
rest of the Otago District in a restricted fire
season.
Deputy Principal Rural Fire Officer Bobby
Lamont says the restricted fire season means people in the
Otago District Central Zone may be able to light an outdoor
fire if they apply for a permit and follow the conditions
listed on it. ....

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Recent rain brings relief for Central Otago as total fire ban revoked


Recent rain brings relief for Central Otago as total fire ban revoked
19 Jan, 2021 06:39 PM
2 minutes to read
The wildfire near Waipori Falls in Otago last month. Photo / Peter McIntosh
NZ Herald
Rain has brought some relief to Central Otago with the area being moved from a total ban on all fires to a restricted season today.
The central zone includes Alexandra, Clyde, Cromwell, Wanaka, Lake Hawea, Naseby, Ranfurly, Kurow, Otematata, Omarama and Middlemarch.
There has been a total fire ban in the area since December 18 last year. The shift to a restricted season begins from 8am.
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The restricted fire season means people in the area may be able to light an outdoor fire if they apply for a permit and follow the conditions listed on it. ....

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