Buyout offer for cyclone red-stickered homes

Buyout offer for cyclone red-stickered homes
A Muriwai home, intact but uninhabitable – a solution is now emerging. (Image: Supplied)
Pattrick Smellie
Cyclone-affected property owners who can never return to their homes will be offered the option of voluntary buyout, funded jointly by the government and local councils.Central government funding is also being committed to helping councils build flood protection and other resilience measures, of which $100 million was announced in the May 18 budget.The cyclone recovery minister, Grant Roberston, announced the bare bones of the decision, in principle, to offer voluntary buyouts for an estimated 700 homeowners whose houses have been rendered unab...

More Property

Clarkes hand over 'certain items' to Du Val receivers
Property

Clarkes hand over 'certain items' to Du Val receivers

The failed property group's founders had until Wednesday to front up with the assets.

Analysts expect RV companies to raise equity
Property

Analysts expect RV companies to raise equity

“We expect investor support for a capital raise," Jarden's Arie Dekker said.

Gregor Thompson 15 Jan 2025
Future of apprenticeships kicked down the road again
Property

Future of apprenticeships kicked down the road again

Industries will be presented with two options this month, the skills minister says.

Maria Slade 14 Jan 2025
Auckland’s St James: a political football
Property Summer Read

Auckland’s St James: a political football

Restoration funding is secured, but the theatre remains derelict.

Maria Slade 08 Jan 2025