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Podcast: Kerre Woodham Mornings Podcast
Episode: Kerre Woodham: Can you have confidence in buying a new build with partial liability?
Description: Two stories in the Herald today - one about the announcement from Christopher Luxon and Chris Penk yesterday, changing the building liability settings so ratepayers aren't burdened with picking up the tab that shonky developers, builders, or architects are responsible for. In the Herald story, they cite a case in Queenstown: the Oaks Shores body corporate filed a $160 million claim for weather type defects. The developer had been placed into voluntary liquidation and was not sued, so that meant every ratepayer in the Queenstown District was liable for the bill. If the case hadn't been settled privately, ratepayers could...