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

Consents fall could have been worse

New dwellings consents dropped in April. That didn’t surprise anyone but economists were surprised that the drop wasn’t bigger.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer