Affordable new homes concept
Source: odt.co.nz A venture spearheaded by a community group in Kaitangata is aiming to entice young working couples to the town by offering an affordable housing package. Kaitangata Promotions chairman Evan Dick and chairwoman Joyce Beck approached Clutha Development with a proposal to streamline the house buying process. Four groups, the Balclutha branch of Bank of New Zealand, Downie Stewart Lawyers, Hoamz Ltd and Big River Homes, were encouraged to produce an affordable house and land...
Mon 2nd May 2016Full post
Southland house prices rising faster than much of South Island
Source: stuff.co.nz The median price for a home in Southland is rising faster than many parts of the South Island, with outside investors on the rise. Data from QV shows the median price for a home in the Southland District rose 6.3 per cent in March from the same period in 2015, to $216,090. The percentage rise is more than twice as high as Christchurch City, though lower than Queenstown, Nelson, Dunedin and Central Otago. Southland's rise was also greater than...
Wed 27th Apr 2016Full post
Reserve Bank of NZ to pause on interest rates
Source: stuff.co.nz The run of recent rate cuts may be over. On Thursday the Reserve Bank will review the official cash rate (OCR) for the first time since Governor Graeme Wheeler cut the benchmark rate to a record low 2.25 per cent. It was the fifth interest rate cut in the last seven OCR reviews. While no consumers borrow at the rate of the OCR, it has a strong influence on mortgage and savings rates across the economy, which are now at the lowest level in decades. The...
Mon 25th Apr 2016Full post
Invercargill's first public electric vehicle charging station opens
Source: stuff.co.nz Invercargill's first public electric vehicle charging station is up and running as the way we use energy continues to change. A joint project between PowerNet and Auckland-based Charge Net NZ, the station - located at 116 Esk St near the Invercargill City Council - can be used by anyone with an electric vehicle. PowerNet chief executive Jason Franklin said: "We envisage some major changes taking place as more people transition from fossil fuel vehicles to...
Sun 24th Apr 2016Full post
Southland regional development strategy to consider barriers to new development
Source: scene.co.nz The group tasked with lifting regional development in Southland wants southern councils to align their building fees to make it easier for developers to invest in the south. The Southland Regional Development Strategy ease of doing business team is calling on southern councils to level fees and charges for new dwellings and industrial buildings to make the process easier and clearer for builders and developers. On Tuesday Southland District Council chief...
Tue 19th Apr 2016Full post
Southland tourism operators post solid results following Chinese New Year
Source: scene.co.nz Southland and Fiordland tourism figures continue to climb, with reports showing another increase in visitor numbers for February following Chinese New Year celebrations. Venture Southland tourism team leader Warrick Low said the high numbers across Southland and Fiordland could be attributed to the Chinese New Year celebrations when many Chinese tourists travelled through the region on their way to Milford Sound. Total guest nights for Fiordland for...
Mon 18th Apr 2016Full post
OCR cut to 2% tipped, cautiously
Source: scene.co.nz BNZ economists are making a "dangerous assumption'' the Reserve Bank will next week cut the official cash rate to 2% and cut it further in June. BNZ markets economist Stephen Toplis said the assumption was based on the Reserve Bank holding a consistent line from one rate-set meeting to the next. "If it does so, then we believe it has little option but to lower the official cash rate at its April review.'' At the same time, consistency would suggest a further reduction,...
Mon 18th Apr 2016Full post