The Healthy Homes Guarantee Act covers heating, insulation, ventilation, moisture ingress and drainage, and draught stopping.
The standards are almost finalised. The next step is for it to be drafted into regulations and approved by cabinet, the time frame expected for this is by mid-2019. The time frame for implementing the new regulations is to be confirmed, however it is expected to be 2021 (at this stage).
What does this mean for you?
– Potentially a great opportunity to purchase more rental properties at realistic prices.
– Work with your property managers early to ensure your properties comply.
You can view more information here.