Quake damaged unisurable homes up for rent
Audio, Radio New Zealand
Earthquake damaged Christchurch homes written off by insurance companies are becoming hot property for investors wanting to make money renting them out.
Earthquake damaged Christchurch homes written off by insurance companies are becoming hot property for investors wanting to make money renting them out.
Despite Government pressure on the Christchurch City Council to sell off some of its assets to help fund its 40% share of the city's earthquake repairs, the council has instead decided to raise rates, and rents.
Topics - appalling stories of Christchurch families living in garages and tents - even a couple renting a wash-house - are continuing to surface almost two years on from the February 2011 earthquake. Youth crime is described as "steadily falling" in New Zealand, with rates of police apprehensions and prosecutions of young people at record lows. Auckland Grammar has employed the services of a private investigator to check on parents trying to cheat on school zone boundaries.