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Subsidence damage zones revised

Subsidence in the Crown Rd area of Taupo is occurring more quickly and is more widespread than previously thought.

Saturday, May 15th 2004, 11:23PM

by The Landlord

Predicted subsidence damage zones in the area on the eastern outskirts of Taupo have been revised in light of new information provided to Taupo District Council by geotechnical experts Sinclair Knight Mertz. ( SKM)

Taupo Mayor Clayton Stent says inspections by SKM in Crown Rd, Invergarry Rd and Arthur Crescent, including level surveys, indicate that, although the total affected area has not changed significantly, the speed and extent of subsidence is greater than previously predicted.


Mr Stent says the news is 'unwelcome', but advice from SKM that there is sufficient evidence of a change in the intensity and timing of subsidence in the Crown Rd area means the council is legally bound to revise Land Information Memorandum. ( LIM)

"We have been advised that recent surveys have indicated that, in some instances, minor to moderate structural damage is more likely than was earlier thought."

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ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
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BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
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BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
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Resimac - LVR < 80% 8.84 8.09 7.59 7.29
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Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
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TSB Bank 9.44 8.04 7.55 7.45
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Unity 8.64 6.99 6.79 -
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Westpac 8.64 7.89 7.35 7.25
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Median 8.64 7.29 7.32 6.65

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