30 June, 2008

Coastal property values slipping

Every second year intermediate school students in Birkdale do a problem based learning exercise called Let the buyer beware
Almost without fail the year 7 and 8 students choose the property that is on volcanic rock but back from the coastline to 'purchase' rather than one on the sandstone/mudstone/clay cliff top or one right on the seafront.

A lesson the owners of these properties should have thought about more fully.


Residents of one of Auckland's most exclusive streets - including All Black coach Graham Henry - have been warned to prepare an emergency kit as unstable ground threatens their multi-million-dollar clifftop homes.

The Auckland City Council has sealed off a large part of Cliff Rd in St Heliers to repair huge cracks and reduce the risk to properties.

The street boasts panoramic views of the Hauraki Gulf, but an earth movement of less than 30cm could cut utilities and significant movement would increase risk to properties.

I guess that also proves that All Black coaches really do have feet of clay

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