Owners face 'insurmountable costs' to make apartments quake safe

Wellington apartment owners could end up spending more to make their buildings earthquake safe, than the actual value of their home.
Initial findings from a new survey shows apartment owners in Wellington are facing bills of between $93,000 and $805,000 to bring their home up to code - as required by law.

But the average QV of those units in September 2018 was $430,000.

Apartment owners said local and central government needed to do more to help - and fast.

Full article on rnz.co.nz


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