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Leaky building owners claim court victory

Owners of the Sacramento housing complex in Botany Downs, Auckland - where many units are rotten and might have to be demolished - are claiming victory after the High Court upheld their right to sue the Government's former building agency.

Monday, February 14th 2005, 2:21PM

by The Landlord

An application by the former Building Industry Authority (BIA) to have all claims against it struck out in New Zealand's biggest leaky building case has not been successful.

The BIA was facing three claims of negligence by the Sacramento body corporate.

The three BIA applications to have the claims struck out were dismissed but the court concluded that the aspect of claims against the BIA relating to its failure to amend the building code should be struck out.

"It's very cheery news," said a lawyer for Sacramento's owners, Paul Grimshaw.


"We can only hope now that the Government through the BIA lives up to what we regard are its obligations to owners in New Zealand."

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.44 - - -
AIA - Go Home Loans 6.54 4.95 4.95 5.15
ANZ 6.49 5.55 5.55 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.95 4.95 5.09
ASB Bank 6.44 4.95 4.95 5.15
ASB Better Homes Top Up - - - 1.00
Avanti Finance 7.15 - - -
Basecorp Finance 7.25 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 6.54 - - -
BNZ - Rapid Repay 6.54 - - -
BNZ - Std 6.44 4.95 4.95 5.09
BNZ - TotalMoney 6.54 - - -
CFML 321 Loans 4.99 - - -
CFML Home Loans 6.70 - - -
CFML Prime Loans 7.20 - - -
CFML Standard Loans 7.99 - - -
China Construction Bank 6.44 4.99 4.99 5.29
China Construction Bank Special 6.44 5.99 5.99 6.29
Co-operative Bank - First Home Special - ▼4.85 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 5.95 ▼4.95 4.99 ▼5.25
Co-operative Bank - Standard 5.95 ▼5.45 5.49 ▼5.75
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.29 5.19 -
First Credit Union Standard 6.94 5.79 5.49 -
Heartland Bank - Online 5.99 5.89 - -
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 7.45 ▼5.90 5.80 -
ICBC 6.50 4.85 4.95 5.05
Kainga Ora 6.44 4.99 4.99 5.35
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.35 5.79 5.85 6.09
Kiwibank - Offset 6.35 - - -
Kiwibank Special - 4.89 4.95 5.29
Liberty 6.90 6.80 6.50 6.45
Nelson Building Society 6.94 4.99 4.93 -
Pepper Money Advantage 10.65 - - -
Pepper Money Easy 8.16 - - -
Pepper Money Essential 7.40 - - -
SBS Bank 6.49 5.55 5.55 5.75
SBS Bank Special - 4.95 4.95 5.15
SBS Construction lending for FHB 3.94 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo - 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 8.89 - - -
TSB Bank 7.19 ▼5.75 ▼5.75 ▼6.09
TSB Special 6.39 ▼4.95 ▼4.95 ▼5.29
Unity First Home Buyer special - 4.29 - -
Unity Special 6.64 4.99 4.99 -
Unity Standard 6.64 5.79 5.79 -
Wairarapa Building Society ▼6.75 5.19 4.95 -
Westpac 6.59 ▼5.49 5.55 ▲5.59
Westpac Choices Everyday 6.69 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 6.59 - - -
Westpac Special - ▼4.89 4.95 ▲4.99
Median 6.59 4.99 4.99 5.29

Last updated: 16 June 2025 9:26am

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