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19 Mar 2025 12:07
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  •   Home > News > Business

    A construction analyst claims Kainga Ora paid three times the market price for a dozen Canterbury units

    A construction analyst claims Kainga Ora paid three times the market price for a dozen Canterbury units


    The Government's reviewing state housing stock - taking aim at its pricing.

    Its review has found Kainga Ora paid about 12-percent more for building houses, when compared to the market.

    Construction sector advisor Mike Blackburn says 12 units in Burnside were given the consented price of more than 8500 dollars per square metre last year.

    He says the median consented value in Canterbury is 2800 dollars a square metre.

    © 2025 Newstalk ZB, NZCity

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    The parent company of Farmers and Whitcoulls has been targeted by a cyber-attack More...



     Today's News

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    National:
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    General:
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    Entertainment:
    Kanye West has hit out at the "Kardashian mob" in a scathing new rant on social media 11:14

    Rugby:
    15-year-old middle distance running prodigy Sam Ruthe is apparently staying calm ahead of his history-making mile attempt at Mt Smart tonight 11:07

    International:
    Live updates: NASA SpaceX astronauts Butch Wilmore and Suni Williams have returned from ISS 11:07

    Education:
    The number of students who failed NCEA Level One last year, isn't as low as previously thought 11:07

    International:
    Vladimir Putin agrees to halt energy plant strikes but rejects immediate ceasefire in call with Donald Trump 10:47

    Politics:
    Fluoride will be added to Whangarei's water supply from today, with the possibility of stopping later - with the High Court still not reaching a decision on allowing a pause 10:47


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