20 Jul 2010

Leaky home burden

4:45 pm on 20 July 2010

ANZ Bank says home owners will have to bear nearly threequarters of the cost of fixing leaky homes.

ANZ estimates 23,500 houses qualify for a package announced in May, in which the Government and councils pay for a quarter of the costs each, with home owners paying the other 50% of the bill.

PricewaterhouseCoopers estimates that the number of leaky homes could be as high as 89,000.