Listed property sector welcomes earthquake-prone building reform, says cost savings vary

The bill excludes Auckland from the regime. (Image: Getty)

Thu, 09 Oct 2025

New Zealand’s listed property players are optimistic about the Government's move to reform earthquake-prone building standards, but note that cost savings are expected to vary.Building and Construction Minister Chris Penk announced a bill in late September that aims to refocus the earthquake-prone building (EPB) system, potentially saving New Zealanders $8.2 billion in remediation and demolition costs.The key changes involve removing the New Building Standards (NBS) rating system, excluding Auckland from the regime and allowing counci...

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