You may have heard a lot of talk about the Gluckman report that has been released recently. The report recommends a safety level of 15mg/100cm2. Currently it is 1.5mg/100cm2 as per Standards NZ. Lots of people have commented publicly about it and many people and groups have said they will be adopting the 15mg/100cm2 limit including REAA.
However, Tenancy Services/The Tenancy Tribunal and the insurance industry, which are the 2 groups that have the most bearing on property industry, have not said anything for the moment. It looks like a review will take place with regards to this issue will take place later in the year.
We will keep all our owners updated on this situation as it progresses as the situation surely will change in the near future.