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Latest Headlines
Building law changes will send costs spiralling, says expert
Housing costs will rise by $10 billion during the next two decades as a result of proposed building code changes, says an Auckland quantity surveyor.
Wednesday, October 15th 2003, 6:47AM
by The Landlord
Geoff Bayley said he and engineer Dr Kelvin Walls made a submission to the Building Industry Authority last month on changes to building regulations and calculated the effect of introducing more treated timber and ventilated cavities to plastered houses.
The authority had calculated the rise in costs as a result of changes to building laws which seek to redress the leaky building crisis, Bayley said.
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Most Commented On
Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
3.54 |
- |
- |
- |
| AIA - Go Home Loans |
6.09 |
4.49 |
4.49 |
4.79 |
| ANZ |
5.89 |
5.09 |
5.09 |
5.39 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
4.49 |
4.49 |
4.79 |
| ASB Bank |
5.99 |
4.49 |
4.49 |
4.79 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance - Near Prime |
6.49 |
- |
- |
- |
| Avanti Finance - Specialised |
7.69 |
- |
- |
- |
| Basecorp Finance |
6.55 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Classic |
- |
5.99 |
5.69 |
5.69 |
| BNZ - Mortgage One |
6.09 |
- |
- |
- |
| BNZ - Rapid Repay |
6.09 |
- |
- |
- |
| BNZ - Std |
5.99 |
4.49 |
4.49 |
4.79 |
| BNZ - TotalMoney |
6.09 |
- |
- |
- |
| CFML 321 Loans |
4.25 |
- |
- |
- |
| CFML Home Loans |
6.25 |
- |
- |
- |
| CFML Prime Loans |
6.45 |
- |
- |
- |
| CFML Standard Loans |
7.25 |
- |
- |
- |
| China Construction Bank |
6.44 |
4.85 |
4.95 |
4.95 |
| China Construction Bank Special |
6.44 |
5.85 |
5.95 |
5.95 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - First Home Special |
- |
4.35 |
- |
- |
| Co-operative Bank - Owner Occ |
5.30 |
4.45 |
4.49 |
4.79 |
| Co-operative Bank - Standard |
5.30 |
4.95 |
4.99 |
5.29 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
4.79 |
4.95 |
- |
| First Credit Union Standard |
6.49 |
5.39 |
5.55 |
- |
| Heartland Bank - Online |
5.45 |
5.89 |
- |
- |
| Heartland Bank - Reverse Mortgage |
7.99 |
- |
- |
- |
| Heretaunga Building Society |
7.45 |
5.90 |
5.80 |
- |
| ICBC |
5.39 |
4.25 |
4.59 |
4.79 |
| Kainga Ora |
6.29 |
4.75 |
4.75 |
4.99 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Kiwibank |
5.80 |
5.39 |
5.39 |
5.65 |
| Kiwibank - Offset |
5.80 |
- |
- |
- |
| Kiwibank Special |
6.15 |
4.49 |
4.49 |
4.85 |
| Liberty |
6.65 |
6.55 |
6.22 |
6.20 |
| Nelson Building Society |
6.59 |
4.59 |
4.69 |
- |
| Pepper Money Near Prime |
6.55 |
- |
- |
- |
| Pepper Money Prime |
5.99 |
- |
- |
- |
| Pepper Money Specialist |
8.00 |
- |
- |
- |
| SBS Bank |
5.99 |
5.09 |
5.09 |
5.39 |
| SBS Bank Special |
- |
4.49 |
4.49 |
4.79 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS Construction lending for FHB |
3.74 |
- |
- |
- |
| SBS FirstHome Combo |
3.44 |
4.29 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
7.99 |
- |
- |
- |
| TSB Bank |
6.74 |
5.19 |
5.29 |
5.59 |
| TSB Special |
5.94 |
4.39 |
4.49 |
4.79 |
| Unity First Home Buyer special |
- |
3.99 |
- |
- |
| Unity Special |
6.39 |
4.49 |
4.65 |
- |
| Unity Standard |
6.39 |
5.29 |
5.45 |
- |
| Wairarapa Building Society |
6.15 |
4.59 |
4.59 |
- |
| Westpac |
6.09 |
5.09 |
5.05 |
5.35 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Choices Everyday |
6.19 |
- |
- |
- |
| Westpac Offset |
6.09 |
- |
- |
- |
| Westpac Special |
- |
4.49 |
4.45 |
4.75 |
| Median |
6.15 |
4.67 |
4.85 |
4.85 |
Last updated: 30 October 2025 6:23pm |
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