Housing scheme finding success
Source: odt.co.nz A promotions group is ecstatic three buyers have already snapped up land for development, less than a month after its affordable land and house package was launched in Kaitangata. The project, spearheaded by Kaitangata Promotions, was aimed at enticing young working couples to the town by offering an affordable housing package starting from $230,000. Kaitangata Promotions chairman Evan Dick confirmed three sections had been sold through the scheme and building was...
Fri 10th Jun 2016Full post
Westpac and ANZ stop lending to foreign property buyers
Source: stuff.co.nz Westpac and ANZ have stopped issuing home loans to foreign buyers in a move that could help first home buyers. A Westpac spokeswoman said the bank would no longer lend to non-resident borrowers with overseas income. "The tightening of policy reduces risk and will contribute to further strengthening our home lending portfolio with customers who we have a deep and long term banking relationship with," she said. Borrowers on temporary resident visas would only be accepted...
Thu 9th Jun 2016Full post
What do Chinese property buyers want?
Source: radionz.co.nz Most Chinese people looking to buy property in New Zealand have links to the country, the head of a popular Chinese listing website says. Hougarden.com has 36,000 New Zealand residential listings translated into Chinese, as well as farms and commercial property. Between 5000 and 6000 visitors visit the site each day. Half are viewing the website from New Zealand and half from China. Its chief executive, Sam Yin, told Nine to Noon 444 off-shore people...
Wed 8th Jun 2016Full post
Sections available for development
Source: odt.co.nz The Clutha District Council has discovered 12 residential sections ready for development in a series of subdivisions at Tapanui. At a West Otago Community Board meeting on Wednesday, Clutha District Council chief executive Steve Hill said most of the work preparing the land for sale was essentially done as the section were allocated years ago. "It was a surprise to find it hadn't been finished,'' Mr Hill said. The plan would result in 12 residential lots to be sold...
Sat 4th Jun 2016Full post
Trail group eyes funds
Source: odt.co.nz The group investigating building a new cycleway starting at Lawrence and heading towards Milton, hope the project will fall under the new trail network funding plan announced recently by the Government. The Government has pledged to provide $13 million to build new trails to link the existing Otago trails. However, a Lawrence group is in the early stages of creating a new cycleway from the town to Milton and Lake Waihola. Lawrence Cycle Trail Working Group chairman Mark...
Wed 1st Jun 2016Full post
Dusty road options debated
Source: odt.co.nz Costly and cheaper options of dealing with dusty roads were debated at the Clutha District Council's recent meeting. Views about suppressing dust on rural roads was a hot topic in submissions to the annual plan, with many submissions focusing on the issue. The council opted for a two-fold approach. It resolved to start a dust suppression programme that included having a semi-permanent sealing solution applied to roads, partly or fully funded by residents, as well as...
Wed 25th May 2016Full post
Broken-plan living is changing the way we live
Source: stuff.co.nz It was hailed as the perfect solution to the modern lifestyle, but is open-plan living now falling out of favour? It seems the answer is a qualified yes. Open-plan living is still seen as a good idea when you have limited space, but it's not the solution for an increasing number of architects and homeowners embarking on a new home project or major renovation. Today, it's all about creating a range of connected living spaces for the family – areas that may be...
Mon 23rd May 2016Full post