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17 Oct 2025 8:58
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      Home > News > Business

    A zero rates increase is off the table for Christchurch residents

    A zero rates increase is off the table for Christchurch residents


    Instead, three options will go out for public consultation late next month.

    The council's preferred option is a 3.5 percent increase.

    The other options are a 5.5 percent increase or a 4.6 percent increase.

    Six of the council's 16 councillor say it's disappointing the Annual Plan didn't dig deeper into other options.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     17 Oct: Fears interest rate cuts might've gone too far
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     17 Oct: Fears inflation could come back into the picture as the OCR falls
     17 Oct: The effects of last week's 50 basis point OCR cut, probably won't be felt until next year - by which point the economy will already be growing
     16 Oct: The owner of online marketplace GrabOne - has gone into liquidation
     16 Oct: The price of food has risen 4.1 percent in the past year
     16 Oct: The cost to build a home appears to be on an upwards trajectory, but less so than in recent years
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     Today's News

    		 Entertainment:
    Hailey Bieber likes herself "so much more now" since having her son 8:47

     Cricket:
    England cricket coach Brendon McCullum has reflected on the amplified levels of scrutiny and exposure between his current side and the one he used to captain, the Black Caps 8:46

     Entertainment:
    Britney Spears' ex-husband has claimed she used to stand over their sleeping sons with a knife in her hand 8:17

     Motoring:
    Motorists are being warned to expect delays on State Highway 1 at Brynderwyn in Northland, following a serious crash 8:07

     International:
    Donald Trump and Vladimir Putin to discuss Ukraine war at Budapest summit 8:07

     International:
    WWII shipwrecks a 'ticking time bomb' for Federated States of Micronesia 8:07

     Law and Order:
    More Palestinian prisoners allege mistreatment in Israeli prison system after being reunited with their families 7:57

     Law and Order:
    Rumours on TikTok wrongly claiming that Mat Mowbray is the member of a wealthy Kiwi family convicted of having "extreme" child abuse material has been labelled "false, baseless and damaging" by a family spokesperson 7:56

     Entertainment:
    Sia's estranged husband is seeking over $250,000 per month in spousal support 7:47

     Cricket:
    A new experience for former Black Caps captain Tim Southee ahead of New Zealand's limited overs cricket series with England starting tomorrow in Christchurch 7:46

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