Warning on walls danger
Tuesday 10 February 2004
Old concrete shadow block walls could be disasters waiting to happen, building authorities say.
By The LandlordBuilding inspectors from all three Taranaki councils yesterday advised owners of the ornamental concrete fences, most of which were built more than 20 years ago, to have them checked if they were concerned about their structural strength.
A low wall, built of the once popular concrete product, fell on two New Plymouth children who were climbing on it on Saturday.
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It looks like the sleeping giant of New Zealand’s housing market could be stirring, with new REINZ data showing that both sales and prices in Auckland are up.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.