10-07-2025, 06:02 PM
(This post was last modified: 10-07-2025, 06:03 PM by Oh_hunnihunni.)
When I was in a different part of my life I fell in love with a house, perfect price, perfect number of rooms, well built, perfect area, it even had an atrium for heaven's sake! Perfect!
Then I researched the council records, and found it was on a flood plain, and researched that status through flow path mapping and weather stats and decided against it. Took effort but it's not something the family conveyancer does so buyers need to do it themselves.
Pays to be wary these days. Conditions are changing and changing fast. During the last Auckland floods one of these villages on the Shore near a drainage 'stream' was seriously flooded, the elderly tenants lost everything and were evacuated in the middle of the night. They are back in their units, new carpets, new wall coverings, but the 'stream' is still there...
This. Absolutely. Investing in property is as much a risk as any other investment...
Then I researched the council records, and found it was on a flood plain, and researched that status through flow path mapping and weather stats and decided against it. Took effort but it's not something the family conveyancer does so buyers need to do it themselves.
Pays to be wary these days. Conditions are changing and changing fast. During the last Auckland floods one of these villages on the Shore near a drainage 'stream' was seriously flooded, the elderly tenants lost everything and were evacuated in the middle of the night. They are back in their units, new carpets, new wall coverings, but the 'stream' is still there...
(10-07-2025, 04:10 PM)SueDonim Wrote: It's "Following a 20-year transition period" which sounds pretty reasonable. For areas that were settled 50+ years ago people can be forgiven for not realising what they have got into. Over the last few decades we have learned so much more about flood plains, liquefaction, earthquakes, risk from rainfall events, etc that anyone buying or building in a high risk area should have had their eyes wide open., Yes, I know we are still doing it, eg Papamoa and the proposed "city" between there and the Kaituna River, but the bottom line is that people who still want to live in these high risk areas need to open their eyes to the risk and be responsible for their decisions instead of expecting the government to bail them out when it all goes wrong.
This. Absolutely. Investing in property is as much a risk as any other investment...