YOUR VOICE -YOUR CHOICE
What Will The Impact of The Intended Rate Rise Be?
The planned Port Macquarie Hastings Council rate rises will not only effect home and land-owners, but flow on to renters as well as investors looking to recover their additional costs through the rate rises by increasing rents.
Given that the Hastings Council area has a relatively high level of retirees, a high level of unemployment and a large proportion of households that have a low to medium income, the impact of a 52.4% rate rise could be catastrophic for the local economy.
The intention of Council to implement this rate rise strategy has the potential to stifle our local building industry, our local small businesses and impact on our tourism industry through possible increases in accommodation costs for tourists.