tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, April 26th, 2:24AM

News

rss
Latest Headlines

Meth relief for landlords

Millions of dollars have been pointlessly wasted on meth decontamination - going by an eye-opening new report which finds no evidence of health risks from third hand exposure in houses.

Tuesday, May 29th 2018, 11:00AM

by Miriam Bell

Landlords have long listed the risks – and potential costs - posed by meth contamination to rental properties as one of their biggest concerns.

But it now seems the risks to properties caused by the smoking of meth have been significantly over-stated and that millions of dollars has been unnecessarily spent on testing and decontaminating.

A new report by the Prime Minister’s Chief Science Advisor Professor Sir Peter Gluckman has found that exposure to meth residue on surfaces in properties is an extremely low, if not negligible, health risk.

It also found that remediation according to the revised 2017 meth standard is appropriate only for identified former meth labs and properties where heavy meth use has been determined.

But where a meth lab is not involved, a much higher testing level should be used to identify areas contaminated from very high levels of smoking, Gluckman says.

“This might justify cleaning for reassurance purposes and would still ensure public safety and reduce significant burden on property owners.”

Minister of Housing Phil Twyford says there is a widely held perception that the presence of even low levels of meth residue in a house poses a health risk to occupants.

As a result, remediation to eliminate contamination has been an extremely costly business for landlords and an upheaval for tenants being evicted at short notice, he says.

“No one is underplaying the social damage caused by meth, but there should be a scientific basis for what are acceptable levels of meth in the current New Zealand context and the remediation of houses should be proportional to the established health risks.”

The new report provides that basis and, along with the 2017 meth standard, it will contribute to any new regulations made under the Residential Tenancies Amendment Bill (No 2), Twyford says.

That Bill will soon to have its second reading in Parliament and the minister expects there will be a public consultation document on meth regulations ready later this year.

NZ Property Investors' Federation executive officer Andrew King says the new report shows that a considerable amount of money is being spent on a problem that doesn't appear to exist.

The current meth guidelines are extremely conservative yet many people are unaware of this and have been unduly led to believe their health is in danger from microscopic levels of meth in homes, he says.

“Sir Peter’s report will go a long way towards educating people and reassuring them that meth levels even as high as 15 micrograms per 100cm2 will not lead to health problems for them and their families.

But the spectre of meth has caused many people a high level of anxiety, disruption and cost for no real benefit to anyone’s health, King says.

"In addition to the high cost meth testing and cleaning rental properties and its effect on rental prices, there is also the time it takes to do all the testing and the time that rental housing is unavailable when it doesn't pose any health risk.

“Landlords and tenants will be greatly relieved to have such a well-respected and independent New Zealand scientist publically dispel many myths about meth.”

*Sir Peter Gluckman’s report can be read here

Read more:

Meth contamination demystified 

New meth decontamination levels revealed 

Millions being paid for meth claims

« Asbestos duties clarifiedProceed with caution on meth »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

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 ▲6.89 ▲6.55 ▲6.35
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 ▼7.29 ▼6.59
SBS Bank Special - 7.24 ▼6.69 ▼5.99
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 7.29 6.65

Last updated: 24 April 2024 9:24am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com