Stucco houses hit by leaky saga
Tuesday 10 February 2004
News rules to prevent more leaking homes requires stucco-clad homes with timber framing to have air gaps and cavitiesThere is more fall-out from the leaky homes debacle, with new rules being put in place for stucco homes.
The Building Industry Authority says solid plaster-clad (stucco) homes with timber framing must now be built with air gaps and cavities.
The authority says the changes mean that if moisture penetrates the cladding, it has an opportunity to drain or dry before causing damage to the framing.
Read More - Opens in a new window
Commenting is closed
Property speculation will decline and prices will stabilise if the Government accepts the recommendations of the Productivity Commission’s final report on the urban planning system.
Signs of a market rebound are present in February’s average asking prices both nationally and in Auckland, the latest Trade Me Property data suggests.
Attracting and retaining tenants is critical for success in commercial property investment, so we talked to a few industry veterans for advice on how to make a property appeal to tenants.
Interest rate movements mean that this time round the post-LVR cooling of the property market is different, ANZ economists say.