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Healthy Homes now law

Rental properties will now be legally required to meet minimum standards after the Healthy Homes Guarantee Bill passed its third reading in Parliament tonight.

Thursday, November 30th 2017, 9:00PM

by Miriam Bell

The Bill, which was introduced into Parliament by former Labour leader Andrew Little last term, was passed with 63 votes to 57, with the support of Labour, the Greens and NZ First.

It will enable the government to establish minimum standards for insulation, heating, ventilation, draught stopping, drainage and moisture in all rental properties.

While the requirements of the standards are not specified in the legislation, the government aims to have the standards set with in the next 18 months. 

Minister of Housing and Urban Development Phil Twyford says that every New Zealander deserves a warm, healthy home to live in and the Healthy Homes Guarantee Act will help ensure that.

“Until now, rental properties have been treated differently from other products.

“A butcher isn’t allowed to sell meat that will make their customers sick, but a landlord is allowed to rent out a house that is too cold, or damp and damages the health of its occupants.”

Twyford says that while most landlords do a good job, the fact is the lack of legal standards means some rentals are not currently fit to live in.

“Many landlords will already meet these standards and will not have to change anything.

“For those that need to upgrade their properties, government grants [of up to $3,000] for installing heating and insulation will be available.”

Over the next 18 months, the government will run a consultation process to ensure tenants, landlords, public health and building science experts and industry representatives are involved in creating robust minimum standards.

Green Party housing spokesperson Marama Davidson says the legislation will significantly improve the quality of rental accommodation and will make a huge difference in the lives of many New Zealanders.

However, opponents of the legislation believe it will mean extra costs for landlords which will simply be passed on to tenants.

NZ Property Investors Federation executive officer Andrew King has previously said that while they support the provision of good, healthy rental properties, they don’t support minimum standards.

“We believe that the cost and value benefits of doing this are simply not there. Tenants will see little benefit but it will up the costs for landlords and that translates to increased rents.”

Read more:

Healthy Homes Guarantee Bill to be fast tracked 

Minimum standards for insulation and heating a step closer 

« Super City rents up, supply down Upping the tenant screening ante »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.75 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.75 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 8 April 2024 9:21am

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