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Property problems: Steps to stop landowners becoming motorway road kill

Q. It has been announced that a new motorway is proposed and my property will be in the middle lane. It has destroyed its value and in fact, it is probably unsaleable. What can I do about it - or am I a dead possum?

Saturday, December 13th 2003, 6:58AM

by The Landlord

A. To answer this question it is necessary to understand the processes involved. If the road is a motorway, then Transit New Zealand will be building it.

To build the motorway, Transit will need to obtain the necessary planning consents under the Resource Management Act 1991 and buy your land under the Public Works Act 1981.

These are two separate processes and, in the normal course, land will not be purchased until the planning consents have been obtained

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 ▲4.65 ▲5.25 ▲5.49
ANZ 5.79 5.29 5.89 6.09
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.69 5.29 5.49
ASB Bank 5.79 ▲4.65 ▲5.25 ▲5.49
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.45 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std ▲8.14 ▲7.59 ▲7.09 ▲6.89
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.55 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 4.65 5.29 5.49
Co-operative Bank - Standard 4.99 5.15 5.79 5.99
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.89 5.49 -
First Credit Union Standard 6.49 5.29 5.89 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.89 5.15
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.65 5.39 5.79 6.05
Kiwibank - Offset 5.65 - - -
Kiwibank Special 5.65 4.49 4.89 5.25
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.69 5.09 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 ▲5.29 ▲5.79 5.75
SBS Bank Special - ▲4.69 ▲5.19 5.15
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 ▲4.19 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 ▲5.39 ▲5.99 ▲6.29
TSB Special 5.79 ▲4.59 ▲5.19 ▲5.49
Unity First Home Buyer special - 3.95 - -
Unity Special 5.79 4.59 5.09 -
Unity Standard 5.79 5.39 5.85 -
Wairarapa Building Society 6.15 4.79 ▲5.29 -
Westpac 5.89 5.29 5.79 5.89
Westpac Choices Everyday 5.99 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 5.89 - - -
Westpac Special - 4.69 5.19 5.29
Median 5.94 4.79 5.29 5.49

Last updated: 30 April 2026 5:40pm

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