Christchurch property developers under pressure
Audio, Radio New Zealand
Two years ago today a seven-point-one magnitude earthquake shook Canterbury.
Two years ago today a seven-point-one magnitude earthquake shook Canterbury.
Residents of some Christchurch suburbs could be in for bigger than expected rates rises after the first QV valuations since the earthquakes. The average Christchurch home now has a rating value of 455 thousand dollars, which translates into an annual rates bill of just over two thousand dollars.
Commercial property owners are facing not just higher insurance premiums following the Christchurch earthquakes, but also the prospect of much higher excesses.
The Canterbury Earthquakes Royal Commission has heard the property manager of the Pyne Gould building did not organise detailed engineering assessments after the first quake in September.
Seven $750 a day - plus expenses. That's the sum being earned by more than 414 people employed by the Earthquake Commission to carry out property inspections in Christchurch.
Some Christchurch building owners say a bulldozer's the best option, despite the city council calling for government help to rebuild heritage buildings damaged by the earthquake.
People in Canterbury who own empty houses are being urged to help put a roof over the heads of homeless earthquake victims.
The Earthquake Recovery Minister, Gerry Brownlee, says the Government's got the price 'about right' for land it's bought for Christchurch's refurbished central business district.
Homeowners in Christchurch have told earthquake authorities they face heavy losses under the Government's property payout scheme.
A law change is being looked at to tackle the problem of property boundaries moving in the Canterbury earthquakes.
Some Christchurch residents will find out the fate of their properties and Wellington cracks down on earthquake prone buildings.
There's huge demand for rental properties in Canterbury with over 2000 residential homes currently uninhabitable because of the earthquake.
The Earthquake Commission has brought forward its deadline for repairing thousands of earthquake-damaged properties in Canterbury by 12 months.
The Goverment has offered to pay out five thousand home owners in Christchurch of the most severely quake damaged properties.
Sumner residents whose properties have been condemned have vented their frustrations at a meeting with the Canterbury Earthquake Recovery Authority.
People have until midnight tonight to lodge a claim with the Earthquake Commission for property damaged in the February Christchurch earthquake.
People in Sumner with earthquake-damaged homes are demanding answers from the Christchurch City Council about the future of their properties.
A prominent Christchurch property investor says the Government's anchor projects meant to help rebuild the city faster, has instead slowed it down. After the 2011 earthquake, the Government launched a recovery plan for the CBD, which had 16 anchor projects designed to spur on the rebuild. However, many have been plagued by delays and are still unfinished. Property investor Antony Gough told RNZ reporter Anan Zaki that unlike the Government, it was the private sector which ploughed ahead with the rebuild.
Time is nearly up for owners of on-sold quake damaged properties in Canterbury to apply to claim money for botched repairs. The Government announced last year it would give an ex-gratia payment to home-owners with properties that went over the Earthquake Commission's then cap of $100,000. Today is the last day for applications after the original August deadline was extended due to Covid-19. But there are calls to extend that deadline again, as applications have flooded in over the past month.
The Earthquake Recovery Minister Gerry Brownlee says all but a few Cantabrians will be able to rebuild on their original properties.
Earthquake damaged Christchurch homes written off by insurance companies are becoming hot property for investors wanting to make money renting them out.
The wait will finally be over for some Christchurch households when they find out whether their earthquake-damaged properties will be abandoned.
Christchurch council has asked its residents to tell it if earthquake repairs haven't been done so it can accurately assess their property's value.
Thirty properties are unlivable while another 170 have restricted access following the Kaikoura earthquake last year. RNZ reporter Conan Young reports from a town meeting.
More than 18 months since the Canterbury earthquakes the rental property shortage continues to worsen, and there are predictions it won't be easing anytime soon.
A Government report into the depth of the housing shortage in Christchurch shows the number of rental properties has almost halved since the earthquakes.
The Christchurch couple told they can't use part of their property because the Canterbury Earthquake Recovery Authority (CERA) might need access to it.
The owners of more than three-thousand properties damaged by the Canterbury earthquake have been told the repair job could take nearly three years.
More information on the earthquake zones in Canterbury has been revealed, and some people will soon be told they won't have to abandon their properties.
A property expert says a dramatic shift in the population north and west of Christchurch after the earthquakes has serious implications for council's rate take.