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25 Jun 2021 8:31
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  •   Home > News > Business

    EQC has received almost six times as many applications as expected for its on-sold programme

    EQC has received almost six times as many applications as expected for its on-sold programme


    Last year the government announced a 300-million-dollar fund to fix on-solds - properties sold after the Canterbury earthquakes and then bought by new owners who later found earthquake damage.

    Applications closed at midnight Wednesday.

    EQC initially expected 1000 people to apply, but its head of on-solds, Pip Andrews, says 5700 applications have been received.

    She is, however, confident there is enough money in the fund to fix all of the properties that applied - and fit the eligibility criteria.

    Andrews says the number that'll actually receive funding is likely to be much smaller.

    © 2021 Newstalk ZB, NZCity

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