Abbott Kavanagh Rolle Registered Property Valuers Wellington
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Water Works

24/9/2012

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Remember the Utitlity Works on the Monopoly board? Nobody sets out to get it but its a nice little regular earner if you did pick it up. 
Who owns the water on our land? Probably the most vexatious property rights issue question in New Zealand at present, we don't have the answers in fact all we have are questions which makes us think that maybe this elephant should have been left parked up  with a lazy boy and wide screen to watch.
 As we understand it the govenrment says its owned by everyone or nobody, Iwi are arguing that if it flows over their land or they can show a connection to it then they own it.
If anybody owns it could you sue them if it damages your property?

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    Discussion on timeframes of construction, valuation of leasehold, waterfront property,
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    Hi I am Peter Kavanagh and have been involved in the property sector for the past thirty years most of it in Wellington.
    I love talking property so add your thoughts.

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