EP: 2183
118% Increase in Council Rates - What the Hell Happened⎥Ep. 2183
One investor in Rolleston just saw their council rates nearly double overnight – going from $2,351 to $5,117 a year. That’s a 118% jump. What on earth is going on?
In this episode, Ed and Andrew dig into the story behind the shock rates bill, why new builds are especially at risk, and how you can make sure you’re not blindsided by the same problem.
You’ll learn:
-Why brand-new properties can see rates skyrocket once the house is complete
-The real reason this Rolleston street saw rates bills almost double across the board
-How to challenge your rates bill if you think it’s wrong – and how to budget for the increases if it’s not
This is a must-listen if you’re buying or building in fast-growing districts like Selwyn, where rates hikes are well above the national average.
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