Back In Time

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20 years ago:

The development involved the construction of a second medium density fibreboard (MDF) line, boosting annual capacity at the facility to
200,000 cu m, almost double the previous capacity.

The plan included an 18-hole golf course designed by Bob Charles, further residential developments, a marina and housing bordering the airport. Sections in the new residential stages were selling for between $50,000 and $320,000.

15 years ago:

The scheme entailed the builder dealing directly with the lending institution for progress payments that would normally be made within 48 hours.

Federation chief executive Chris Preston said the scheme allowed a person wanting to build a new home up to 95% finance for the section and home, provided the home is built by a Registered Master Builder.

10 years ago:

BRANZ Research’s wholly-owned subsidiary BRANZ Ltd remained as an independent operating company with its own chief executive.

BRANZ Inc was founded in 1969 as an industry association owned and governed by the New Zealand construction industry — which had requested a levy be imposed on industry to fund relevant research for the good of the industry — and partnered by the Government.

“Local and central government are using the Act as an excess to rapidly increase rates and taxes to cover issues and concerns that should not be borne solely by new house owners or those undertaking renovations,” he said.

5 years ago:

Bunnings New Zealand general manager Rod Caust said the new centre showed how highly the company valued its trade customers. The centre featured trade quality brands and quantities, a complete frame and truss service, and a specialist trade team offering expert product knowledge and advice.