Property Investment Blog

All Posts

NZ quake survivor wins fight over parapets

auctionA New Zealand woman who narrowly escaped being crushed in the Christchurch earthquake has welcomed a law change she campaigned to achieve.

Ann Brower on Thursday revisited the site where masonry collapsed on the bus she was in on February 22, 2011.

"This isn't really a place where you want to celebrate," she said.

"It's hard to celebrate in a place where 12 people died, but I really want to congratulate the select committee and the minister for what is democracy in action."

Ms Brower, a Lincoln University lecturer, submitted evidence to a parliamentary committee on the danger posed by unreinforced masonry.

She convinced the committee, and Housing and Building Minister Nick Smith, that a law change was needed.

"Her fastidious advocacy and professional research has persuaded us to change the law," said Dr Smith, standing beside her.

He announced that fixing parapets and facades on earthquake-prone buildings was going to be a priority.

The law change has been inserted into the Building (Earthquake-Prone Buildings) Amendment Bill which is going through parliament.

There will be a new priority category covering buildings with parapets and facades that could collapse in an earthquake.

The effect is that assessments must be completed in two-and-a-half years instead of five, and buildings upgraded within seven-and-a-half years instead of 15.

Dr Smith says it's estimated about 2000 buildings across New Zealand will fall into the new category.

The bill includes many changes to earthquake-prone building laws, and zones buildings into areas of low, medium and high risk.

Real Estate Investar Editor
Real Estate Investar Editor
Real Estate Investar provides intelligent software, tools and data to help you save time and make money in the residential property investment market.

Related Posts

[On-Demand Webinar] How to Find Affordable Capital Growth Properties

Most investors are either priced out of inner or middle ring capital city suburbs or have to resort to sacrificing their lifestyle to be able to afford the out-of-pocket holding costs. Join us for this live webinar and learn how to find and analyse affordable gentrifying areas which are primed to support solid sustained medium to long-term capital growth.

RBNZ Announcement - 13 November 2019

Reserve Bank of New Zealand Announcement - 13 November 2019

[On-Demand Webinar] How to Find Positive Cash Flow Properties

Learn how to find and analyse positively geared investment properties In this webinar replay, you will learn how to find property that will pay for itself, assist with finance serviceability and provide income regardless of what's happening in the property market.