Compulsory property insurance welcomed

Thursday 9 September 2004

Victim of Wanganui floods says some form of compulsory insurance would be a good idea

By The Landlord

An uninsured Wanganui flood victim says some form of compulsory insurance would be a good idea.

The Government's considering making household insurance mandatory after it emerged up to 60 percent of homes hit by the February floods were uninsured.

One suggestion is a surcharge on property rates.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

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.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR loosening likely - ANZ

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.

Site by PHP Developer