Queenstown rates skyrocket on leaky buildings, council cost blowouts

Queenstown rates skyrocket on leaky buildings, council cost blowouts
Oaks Shores: a "confidential settlement" for leaky building damage. (Image: Supplied)
Brent Melville
The Queenstown Lakes district council wants to ramp up average rates by 13.6% for the coming year to recoup escalating operational and building defect settlement costs.The council cites confidentiality in not disclosing settlements for leaky building claims in its latest draft annual plan for 2023-24.However, the draft annual plan for 2023-24 noted a variance in the council’s equity of $194.2 million, though that also includes valuation movements for the year.There have been a number of claims, but the biggest – dating back to 2015...

More Property

Company behind 120-unit QT development faces liquidation
Property

Company behind 120-unit QT development faces liquidation

The debt collector says the company "don't pay their bills".

Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024