At 40 Field Way and currently on the market is this 50 square metre beach house on an 827 sq metre section — and valued at $865,000. This is outside of the Olde Beach Zone which was given Beach Residential zoning status. Under existing rules a developer could put a building with a 40% ground cover footprint on it — which is 330 square metres in this case — and make it two-storey. But if they could go higher, which the government plans to let people do…
Jeepers $865,000 fuck that life time of debt, exactly what they want.
New Zealand what have you become, NZL a feeder state for the corrupt rich that’s what New Zealand is.
True, although the nearer the beach you are the higher the land value is. We’ve never been quite sure why, as the nearer the beach, the greater the corrosive effect of wind blown sand and and salt spray.
Yes they keep preaching global warming sea level rises, so really should not property’s near the beach be de-valued? erosion as well
Erosion depends on where it is, it’s not a problem in Waikanae. ‘Rising sea levels’ is massively exaggerated, and most people know that. Again in Waikanae no-one is bothered by a possible 22-28 cm rise in 50 years.