Developers buoyed as latest OCR cut fuels growing optimism
One Waikato property developer who went from selling zero homes in the first half of last year to 68 in the latter half after the first Official Cash Rate drop sees the latest big cut as set to fuel some much needed optimism.
When the Reserve Bank sliced another 50 basis points off the OCR on Wednesday, bringing it down to 2.5%, developers across the region felt the lift.
Derelict Tokanui Hospital site in line for a clean-up
Derelict Tokanui Hospital buildings will be demolished and contaminated land cleaned up so the site can be offered back to iwi.
The former psychiatric hospital, southeast of Te Awamutu, sits on land taken from Ngāti Maniapoto under the Public Works Act in 1910.
Poll: Are you a Te Huia fan?
All three Hamilton MPs appear to be united behind the retention of the Te Huia passenger rail service between Hamilton and Auckland, as well as potentially expanding it to Tauranga.
But whether Hamilton East’s Ryan Hamilton, Hamilton West’s Tama Potaka and soon-to-be Labour list MP Georgie Dansey have the combined power to shunt transport minister Chris Bishop and Prime Minister Christopher Luxon onto their line of thinking remains to be seen.
Are you a Te Huia fan? Tell us more in the comments (adding NFP if you don't want your words used in print).
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81.6% Yes
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18.4% No
Flooding ravages Waikato farms
Tim Brittain’s harrowing journey back to his farm late Friday evening was made worse when he discovered the damage to his farm.
Brittain co-owns Storth Oaks Angus stud with his wife in Mahiihi outside of Ōtorohanga. On Friday evening he was making his way back to his farm from Auckland, when his Range Rover hit deep water on Paewhenua road.
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