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Sale of Napier City Council's 377 homes back on the table

Napier’s 377 council-owned homes may yet be sold off - just two years after a decision to keep them was made. Napier City Council released a statement on. ....

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Hamilton buildings worth 36 per cent less than council purchase price, latest valuation shows


Hamilton buildings worth 36 per cent less than council purchase price, latest valuation shows
23 Feb, 2021 05:44 AM
4 minutes to read
A recent independent market valuation of the three council-owned Victoria St buildings shows Hamilton City Council paid too much for them. Photo / Nikki Preston
Herald reporter based in [email protected]
Hamilton City Council s controversial inner-city Victoria St buildings are now worth $2.37 million less than the $6.49m ratepayers forked out for them almost three years ago.
The latest independent market valuation of the properties between 242-266 Victoria St put the total value of the buildings at $4.12m, according to reports released to the Herald under the Local Government Official Information and Meetings Act. ....

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