Dee Crooks: Documentary highlights difficulty apartment buyers face with information disclosure

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Manage episode 292353903 series 2882353
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
A documentary that aired on Prime recently has shined a light on one difficulty apartment buyers face.
Many buyers would want to know if their potential new home is leaky, earthquake-prone or the subject of court proceedings.
However, the Real Estate Institute says that under current law, it's surprisingly difficult for buyers to get access to these details.
REINZ's Dee Crooks told Andrew Dickens that some body corporates do provide the information, but it is not a requirement.
She says it's easy for standalone properties to independently inspect a building, but apartments are a different story.
"If you are in an apartment and you are 15, 20 storeys up, it's pretty difficult for that builder to go round and check the property is weather tight."
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