Replacement costs for home insurance
Over the last couple of years I have been made aware that I need to keep upto date with cost for replacing my house if I have to replace it.
This year the insurance companies have not mentioned it which got me wondering. So I used the online calculator that I used last year and the price dropped by $200K ?
Last year my house was estimated for selling at $200K more, but why would that affect the rebuilding costs?
I am sure there are some people who will be able to share thoughts
Poll: What could the Christchurch City Council fund if it didn't have to pay GST on rates?
Christchurch mayor Phil Mauger says GST on rates, currently taken by central government, would be better spent locally.
The comments follow an Infometrics analysis that found over $1.1 billion of rates revenue nationwide was collected by the Government in 2022 as GST.
According to Infometrics, $88.5m of that came from Christchurch city ratepayers. It would be enough to save the Christ Church Cathedral from ruin; restore the Dux de Lux seven times over; cover both the Art Centre and Orana Wildlife Park’s request for regular public funding for over 26 years; contribute to light rail in Greater Christchurch; or get the South Library rebuild completed.
Read the full story by reporter Sinead Gill here and share your thoughts in the comments below. (Note: Subscription required. You can still read two free stories a month if you're not a ThePress.co.nz subscriber).
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20.2% Light rail
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5.2% South Library
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39.4% Orana Wildlife Park
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13.5% The Arts Centre
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3.1% Dux de Lux
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13% Christ Church Cathedral
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5.7% Something else (share your thoughts in the comments)
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