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  1. #11
    Join Date
    May 2004
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    2,777

    Default

    Quote Originally Posted by Wayne View Post
    That article has a lot of words but only these ones really tell the true story

    Thank you. That was moi.

  2. #12
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,843

    Default

    MBIE Errors Led Insulation Benefits To Be Vastly Overstated Says Economist
    23 Feb 2016
    Quote Originally Posted by Stuff
    A calculation error may have led the Government to massively over-
    state the benefits of forcing landlords to insulate rental properties.
    Wellington economist Ian Harrison claims a report by the MBIE)
    included a double calculation on the benefits which flow from
    insulation. This, Harrison claims, led the measured benefit of the
    programme to be increased by 3.44 times. While Housing Minister
    Dr Nick Smith claimed that for every dollar spent there would be
    a benefit of $2.10, Harrison claims using "realistically estimated
    benefits" the actual benefits would be just 28c for every dollar
    spent, with costs being put on tenants.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #13
    Join Date
    May 2004
    Posts
    2,777

    Default

    Heh, economists shootout at the OK corral.

    There is a thread about this on the Trademe real estate message board at the below link, which has a different take on the 'mistake'. Though not really a great idea to say a professional economist doesn't know what he is talking about.

    http://www.trademe.co.nz/Community/M...=21&#p32985796

  4. #14
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,843

    Default

    No one is immune from arithmetic errors -
    no matter what their profession.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #15
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,019

    Default

    Media Release from NZPIF:

    Minimum Standards good for tenants

    The NZ Property Investors' Federation generally supports the Residential Tenancies Amendment Bill, which introduces minimum standards for residential rental properties.

    "Although the new regulations will initially be applied to rental property owners, it is obvious that Government appreciates it is tenants who will ultimately pay for the rental property improvements" says NZPIF Executive Officer, Andrew King.

    The Bill will require all rental properties to be insulated by 2019, a timeframe that insulation installers are expected to be able to achieve.
    The Bill recognises that some properties will be difficult and therefore more expensive to insulate, so it includes some exceptions to the new regulations. "This is quite a pragmatic move" says King, "as it means that some properties that can't be insulated will still be available to tenants and won't be lost to the rental pool. This is great as there is actually a shortage of rentals in parts of New Zealand, and we wouldn't want to lose any."

    In a clever move, the Bill requires all landlords to specify the insulation in their rental properties. This creates a competitive environment and is likely to encourage owners to go beyond the minimum standard if they can.

    If a rental property is already insulated, it will need to be at a level that meets the 1978 regulatory standards. If there is no existing insulation then owners will need to meet the current standard levels.

    "There has been some questioning about this aspect of the Bill" says King. "However the cost of topping up existing insulation to current standards just isn't worth it. The cost is almost the same as completely insulating a property but there would only be a very minor improvement in efficiency."

    An Installer at a recent Select Committee hearing confirmed that the cost of topping up an average rental property to current standards would be between $2,500 and $3,000.

    The chart below shows the minimal increase in insulation efficacy from 1978 levels of R1.9 to current levels of R2.9.
    Looking at doubling the level of insulation (rather than the 50% increase from 1978 levels to today), the author of the study said “does it really make sense to double your insulation costs to go from an R2.0 to an R4.0 and only gain an additional 2.5% efficiency? I don't think so. I really don't think you would see a noticeable change in your utility costs and certainly not enough to offset the cost."



    The Diminishing Benefit of Extra Home Insulation, by James Fricker, B Mech Eng, CPEng, M.AIRAH, M.IEAus.
    April 2002.

    ENDS

  6. #16

    Default

    What is the recommended smoke alarm to buy and where are the recommended locations in the rental to instal them?

  7. #17
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,019

    Default

    10 year long-life sealed-in battery photoelectric alarms to be installed.
    Wired-in alarms are also acceptable.

    Location ruling has not yet been gazetted.

    Likely option is:
    One alarm in the living area. For each bedroom, there must be at a minimum one working smoke alarm in the hall or similar, within three metres of the bedroom door. In a self-contained sleepout,
    caravan or similar there must be a minimum of one working smoke alarm. At least one alarm per level in a multi-level house.

    The Fire Service is pushing for one alarm actually in each bedroom.

    We shall see - eventually.


  8. #18

    Default

    Thanks for your reply flyernzl.
    Would wired in alarms only have value if they are connected to a monitored intruder alarm system where there is a battery back up in case of a mains power failure?
    This is what I have but only in the hallway of my house so I have supplemented them with battery powered ones in the office and another in the lounge.

    Maybe the Governments next step will be that we have to install emergency lighting systems in our rentals like they have in commercial and industrial buildings.

    Nice P2002....is it yours?
    Last edited by Kirwee; 24-03-2016 at 06:41 PM. Reason: spelling

  9. #19
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,019

    Default

    Rental properties which are already insulated will not be required to upgrade to modern standards, Housing Minister Nick Smith confirmed today.

    http://www.nzherald.co.nz/nz/news/ar...ectid=11625239

  10. #20
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,843

    Default

    Is the NZPIF in any way involved and
    saying so? Seems like a crashing gale
    of silence from them.
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