The reforms signal a move from joint and several liability (where Councils often bore 100% of the risk as the "last man standing") to a proportional liability model, supported by mandatory warranties and professional indemnity insurance.
Defective and Leaky Building Claims: Frequently Asked Questions
THE RESIDENT BUILDER PODCAST WITH PETER WOLFKAMP - September 7th
OUR VIEW: “Judge critical of pre-purchase property inspection sector and ‘poor quality’ reports after $500,000 leaky building case."
Our View: Has New Zealand's next leaky building crisis already begun?
"This year alone, the New Zealand Herald has reported on big building fails, including apartments in Kingsland where owners were given a choice between a minimum $36.6 million bill to fix or $82.9m to demolish and rebuild; and owners of The Ridge apartments in St Marys Bay won court approval to sell the land beneath their "wrecked homes" and walk away."
Young first-home buyers in auction fight for ‘leaky’ home in posh suburb - 8 April
The property on Seabreeze Road was built at the start of the leaky homes era and was offered to the market without warranties. Harcourts agent Jane Hastings had pitched the property as a demolition opportunity, noting in the listing that buyers were getting a “free house” with the purchase of the land.