Misc

Property Problems: Building code breathing space for developers

Q. I am in the process of developing a new, six-unit apartment block situated in the inner city which is due to be completed by mid-2005. I have all the relevant building consents and started construction a few months ago.

For various reasons construction is already behind schedule and I am anticipating further delays. I have read in the papers recently that new building indust

Friday, July 16th 2004

ry requirements have been established and I'm concerned I'll have to comply with these new requirements in order to obtain code compliance and sell the units.

I already have my building consents and, based on those requirements, planned to get at least the first two units completed and sold this year.

How do these new building requirements affect me? Do I have to start the process all over again and change my building plans?

A. You are correct in that the Building Industry Authority has recently established new guidelines for the construction of buildings in New Zealand.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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