954 days ago

Westport house prices continue to rise despite flood damage

Nicole Mathewson Reporter from The Press

Westport’s housing market does not appear to have been affected by major flooding last year, despite about 500 homes being inundated with floodwater and flood protection work yet to begin.

The biggest flooding event in the West Coast town happened in July, when about 500 homes flooded following heavy rain. Another 22 homes flooded in February when another bout of heavy rain damaged roads and about 70 farms.

Infometrics data shows house values on the West Coast for the year to December 2021 were the lowest in the country at $327,527. Buller’s average price was the lowest on the Coast at $304,657 – one third of the national average of $1m.

However, Buller’s house values also experienced the highest growth on the Coast with a 30.8 per cent rise over the same period. According to QV, prices continued to rise in 2022 with a 10 per cent increase in the March quarter.

Read more here.

More messages from your neighbours
3 hours ago

Calling All Puzzle Masters! Can You Solve This?

Riddler from The Neighbourly Riddler

When John was six years old he hammered a nail into his favorite tree to mark his height.
Ten years later at age sixteen, John returned to see how much higher the nail was.
If the tree grew by five centimetres each year, how much higher would the nail be?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.

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3 hours ago

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Find out more

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15 days ago

What's your favourite recipe for courgettes?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.

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