The Mike Hosking BreakfastDarryl August: Institute of Building Surveyors' President says stricter regulation of building reports is needed
A call for stricter regulation of building reports to address major discrepancies that could be affecting buyer decisions.
The industry’s finding the quality of the $1000 reports vary, with some overstating minor issues and spooking potential buyers.
One real estate agent has told OneRoof he's seen 11 inspection reports for a single property — each with a different opinion.
Institute of Building Surveyors' President Darryl August told Mike Hosking the New Zealand standard for pre-purchase inspections should be looked at too.
“That’s almost 20 years old, and in my opinion, probably needs an update. It excludes things like rental property tenancy inspections.”
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