Land Acquisition under the Public Works Act

Written by Amy Cowan In March 2023, the High Court directed the Hastings District Council to renegotiate suitable compensation for a landowner in relation to the Council acquiring land for roading and storm water detention as part of wider urban development.  This may have left you thinking about how the Council acquires land it needs for future development. What is the Public Works Act 1981? The Public Works Act 1981 gives the Crown, Councils and utility operators power to acquire privately owned land...

Initial Funding Package for Cyclone Gabrielle Recovery Announced

Written by Chloe Smart (Updated 28 February 2023) Cyclone Gabrielle caused unprecedented flooding and damage as it made its way across the North Island earlier this month. Cyclone Recovery Minister Grant Robertson has announced details of the first round of funding available to the primary sector through the Ministry of Primary Industries (MPI), which will be welcomed by local farmers and growers to help begin their recovery. What support is available? Farmers, growers, and whenua Māori owners affected by Cyclone Gabrielle can...

Honey, I shrunk the equity!

Written by Christine Symes. First published in The Profit. Reflecting on the past year and considering what’s to come in 2023. How do we summarise the New Zealand property market in 2022? “Contrast” comes to mind. “Against the grain” might be another appropriate phrase. It was an exceptionally intriguing year for New Zealand’s property market. Professionals at all levels of the sale and purchase of property recognised a significant shift in what had previously been a “sellers’ market” and as we head into...