About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Monday, December 9th, 10:00PM
rss
Latest Headlines

It’s the law: Healthy Homes standards

The Government’s Healthy Homes minimum standards will be law from 1 July 2019 – even though their final form won’t be released until later this week.

Monday, May 13th 2019, 5:07PM

by Miriam Bell

It was announced today that the final version of the standards have been approved and signed off by Cabinet and are now set to be gazetted.

Ministry of Housing and Urban Development deputy chief executive policy Jo Hughes says making sure all New Zealanders have warm, dry homes is a key focus for the Government and the Ministry.

“Finalising the standards is a significant milestone for the rental market.”

The new standards, which were first announced by Housing Minister Phil Twyford in February, set minimum requirements for heating, insulation, ventilation, moisture and drainage, and draught stopping in residential rental properties.

Private landlords will have two years to ensure their rental properties are compliant with the standards within 90 days of any new or renewed tenancy.

But all rental homes must fully comply with the healthy home standards by 2024.

Also, from 1 July 2020 landlords will have to include detailed information in new or renewed tenancy agreements about how their property meets the standards.

The standards mean that all rental properties will have to:

• Have a heater that can heat the main living area to 18˚C.
• Have ceiling and underfloor insulation that either meets the 2008 Building Code insulation standard, or (for existing ceiling insulation) has a minimum thickness of 120mm.
• Have extraction fans or rangehoods in kitchens and bathrooms to make them drier.
• Have a ground moisture barrier installed - if they have an enclosed subfloor space - to stop moisture rising into the property.
• Have adequate drainage and guttering to prevent water entering the property.
• Have draughts which make properties harder to heat blocked.

Many investors are wary of the standards as they are concerned about the costs involved with getting their rental properties up to the required levels of compliance.

The NZ Property Investors Federation has said it is supportive of quality standards in rental properties providing they are cost-effective, but it has also warned that they are likely to lead to an increase in rents.

The final healthy homes standards, along with more information about them, will be released on 16 May.

Additional guidance information, including an online tool for calculating the required heating for a living room, will be available from Tenancy Services on 1 July 2019.

Read more:

Revealed: Healthy Homes minimum standards

Costs of standards will hit tenants

Tags: compliance healthy homes housing market insulation property investment property management rental market rents tenants

« Beware unauthorised trades workStandards set to cost »

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

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 ▲4.05 4.49
ANZ Special - 3.55 ▲3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide ▼5.65 ▼4.75 ▼4.75 -
Credit Union North 6.45 - - -
Credit Union South ▼5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank ▼5.20 ▲4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▲3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - ▼3.39 3.45 3.89
Sovereign 5.30 ▼3.89 ▼4.05 ▼4.39
Sovereign Special - ▼3.39 ▼3.55 ▼3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.45 3.99
Median 5.34 3.99 4.07 4.39

Last updated: 9 December 2019 9:02am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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