170,000 rental properties still need insulation
The insulation and property management industries are encouraging landlords to insulate their properties sooner rather than later to ensure they will comply with the installation standard by the July 1, 2019 deadline.
This follows a survey of Insulation Association of New Zealand (IAONZ) members that indicates around 170,000 rental properties throughout New Zealand still need insulating.
“The urgency to insulate has not yet been realised by rental property owners,” Barfoot & Thompson Director Kiri Barfoot said.
“The Ministry of Business Innovation and Employment has estimated that throughout New Zealand 180,000 homes don’t have any, or the required level of insulation.
“Auckland and Northland account for around a third of the backlog; with around 60,000 rental properties needing insulation.
“The IAONZ survey released today has highlighted that only 10,000 rental properties have been insulated in the past year, leaving a backlog of 170,000 houses,” Barfoot says.
“IAONZ is warning rental property owners that the situation is reaching the point of no return, where insulation installers won’t be able to meet demand.”
To encourage rental property owners to insulate now and ensure warmer, drier homes sooner for tenants, Barfoot & Thompson is offering floor or ceiling insulation at a substantially reduced price for new landlords.