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    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

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    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

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    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

  • Retail
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    For Rays’ partner Hines, $6.5B stadium development will be ‘transformative’

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    A first look at St. Petersburg and the Tampa Bay Rays’ stadium deal

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    Developers Are Hiring Private Security to Relocate Homeless

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

  • Residential
    San Jose officials pressure VTA for homeless housing

    San Jose officials pressure VTA for homeless housing

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    Council considers attainable housing fee waivers

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    Anne Arundel County To Finance New Workforce Housing Project

    America, Build Like Tokyo

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    Follow-up zoning case promises more housing for South Lamar

    Follow-up zoning case promises more housing for South Lamar

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    Boston public housing sustainability and passive house design – NBC Boston

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    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

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    The Evolution of PD&R National Housing Market Releases

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    Office of Public Affairs | Ohio Man Charged with Operating Illegal Gambling Businesses and Tax Fraud

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    Maggie Mannebach | Intellectual Property Attorney | Kansas City

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  • Home
  • News
    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

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    Faedra Group hands over its industrial park in Budapest

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    House price index up 3.2% year-on-year

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    Retail is becoming attractive to finance again

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    THE JAXSON | 6 major urban core housing developments coming outside of Downtown

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    Dallas Design District property sells to North Carolina investor

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    Developers Are Hiring Private Security to Relocate Homeless

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

  • Residential
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    San Jose officials pressure VTA for homeless housing

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    Council considers attainable housing fee waivers

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    Anne Arundel County To Finance New Workforce Housing Project

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    America, Build Like Tokyo

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    Follow-up zoning case promises more housing for South Lamar

    Boston public housing sustainability and passive house design – NBC Boston

    Boston public housing sustainability and passive house design – NBC Boston

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    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    The Evolution of PD&R National Housing Market Releases

    The Evolution of PD&R National Housing Market Releases

    Renovated San Antonio senior housing reopens with on-site clinic

    Renovated San Antonio senior housing reopens with on-site clinic

  • Office
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    Office of Public Affairs | Ohio Man Charged with Operating Illegal Gambling Businesses and Tax Fraud

    Lincoln Property moves headquarters to new North Dallas office tower

    Lincoln Property moves headquarters to new North Dallas office tower

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    Maggie Mannebach | Intellectual Property Attorney | Kansas City

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    Smaller is good, say LR realty executives

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    Colleges Find Real Estate Bargains in Empty Office Spaces

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    Fort Worth group proposes $120M office/retail project for Panther Island

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    A new office tower for a new office era

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Space leased at 18 Broad in Charleston > Charleston Business Journal

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    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

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    Chancerygate submits plans for £27m speculative grade-A logistics site in Horsham | News

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    CIT Bank Makes $44M Construction Loan for Philadelphia Distribution Center – Commercial Observer

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    British Land secures planning permission for south London logistics hub

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    Contractors take over Spaulding Business Park warehouse project in City of Tonawanda

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    Sandyford completes three new lets at Saltney industrial estate | News

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    High interest rates, inflation driving down commercial property investments

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    Bis Henderson merges consultancy and space arms to form Visku | News

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    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SEGRO appoints new European head of investment

    SEGRO appoints new European head of investment

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    CoStar World News for Oct. 5

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    Investing in the Pan Amazon: How China’s investment operates

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    JLL names Patrick Saade Head of Global Hotels Desk

    Dalata to invest £78m in double hotel deal – React News

    Dalata to invest £78m in double hotel deal – React News

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    Stocks that will see action today: October 4, 2023

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    China’s green tech giants link supply chains to Southeast Asia

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    Uy inks debt-restructuring deal with Chinabank

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    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

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    County Durham’s Esh Group toasts healthy profits after year of headwinds

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    ‘Inhospitable’ market has driven home buyers to Rochester, NY

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    Wanna Buy a Historically Protected Healy Home Built for a Jewelry Magnate?

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    News updates from October 3: McCarthy ousted as House speaker … – Financial Times

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    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

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    Migrant families sell food from home countries in Chicago streets while awaiting work permits – NBC Chicago

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    10 Best Selling Odor Neutralizers for 2023

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Home-buying suggested for retreat plan

PrR by PrR
2023-09-05
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A proposal to buy properties to help South Dunedin adapt to climate change has been praised by many, but others have expressed reservations about whether the plan will actually be realised.

The Dunedin City Council has started early discussions with the Treasury about government support for a $132 million programme to buy up 65 properties a year over an initial period of the next five years.

Under the approach being considered, the council said the properties would be bought voluntarily on the open market, acquired gradually over decades and then used to enable the South Dunedin climate change adaptation strategy, now under development.

The buying-up of property could begin as early as next July.

Taieri Labour MP Ingrid Leary said she was pleased to see the DCC taking preemptive action.

She believed it could put the region a step ahead when it came to adapting to the climate challenge.

“We have an opportunity to be the poster child for climate adaptation here in South Dunedin, and even globally,” she said in a social media post.

South Dunedin resident Robbie Green, 71, also believed it was “a very sound idea”.

“I don’t mind them using ratepayers’ money to buy houses in Dunedin — as long as the cause is right.”

However, many other South Dunedin residents were not yet sold on the idea.

One resident, who declined to be named, believed engineering solutions like those used in low-lying areas of the Netherlands and London would be better.

“They’ve got pumps running 24/7. There are engineering solutions.

“They should be the first consideration, rather than just trying to move people out. Moving people out should be a last resort.”

Brenda Sandoe, 82, said she had lived in the area all her life and would not be keen to move away.

“I like living here. I love the people and the community.

“I don’t really want to sell my place because it’s handy to all the shops and I don’t have to go into town.”

Another younger resident, who declined to be named, said she was concerned about how much council would pay for the properties.

“Just because the council pays market value for my house, it doesn’t mean that it will be enough to help me buy another house somewhere else.”

Isobel Bell, 78, believed global warming was having a major impact on the area and it was inevitable South Dunedin would become uninhabitable.

She said buying affected properties would be a good solution to the problem.

“I think something has to be done. We can’t put it off forever.

“But I would prefer we just wait until I cark it, and then do it.”

The council was asked yesterday how it was likely to pay for its part in the programme.

South Dunedin Future programme manager Jonathan Rowe said most of the details were still being worked through.

The buy ups would focus on an area known as “The Flat”, which was the zone most likely to be affected by future flooding, groundwater, erosion or other water problems.

Asked why the approach to the Treasury was not made public, he said it was because he wanted to give the government time to consider the idea.

It was not known when the Treasury would make their decision.

However, Mr Rowe believed the council was “on track” to agree on a full climate change adaptation strategy for South Dunedin by 2026.

“The earlier we start building a portfolio of properties, the easier it will be to make South Dunedin safer and better in future.”

john.lewis@odt.co.nz



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