Insulation benefits might be exaggerated
The government’s Residential Tenancies Amendment Bill, which is currently at the Select Committee stage, will make it compulsory for landlords to install insulation in rental properties.
By 1 July 2019, all rental housing will need to have ceiling and underfloor insulation – unless it is physically impractical to install it.
The Bill has been controversial, largely because there are many who do not believe it goes far enough in terms of enforcing minimum standards for rental properties.
However, now a Wellington economist has claimed that the Ministry of Business Innovation and Employment exaggerated the cost benefits of the policy.
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