$50b apartment sector shake-up promised post-election

Source: NZ Herald 20/09/2017

$50b apartment sector shake-up promised post-election

National and Labour are planning a post-election shake up of the $50 billion apartment sector, dogged by disputes, power struggles, lax governance, lack of pre-purchase disclosure, poor maintenance and management plans and financial issues.

Whoever wins on Saturday, the rules governing where around 100,000 Aucklanders live will change significantly.

Nick Smith, Building and Construction Minister, and Phil Twyford, Labour housing spokesman, this week vowed to amend the Unit Titles Act, following Auckland Central MP Nikki Kaye’s big push on the issue in the summer of 2016.


Rent, Buy or Rent to Buy. Talk to us.

  • “Have all my furnishings in now and the cabin looks amazing. Have had a constant flow of people wanting to look through it and everyone has been so impressed, so I am sure you will get some business out of it. Gee its lovely to live in. Honestly there is not one thing I would change.”
  • “Thank you so very much. I have orders for another Omaha cabin and a Matai cabin too... I'll refer my family to you. They both want to buy and can get financed.”
  • “Thankyou Steve for today… the [cabins] have been great, as have you… Really appreciate your support.”
    Dr Phil