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An estimated $300 million will be the total paid out by Auckland Council on leaky buildings, a fraction of the estimates for the national cost of the crisis.

A 2008 PwC report to the Government remains the best estimate of the total cost of leaky homes at just over $11 billion but no-one will know the exact cost of fixing all leaky buildings, many of which have been left unrepaired by their owners.

Most of the tens of thousands of leaky buildings are in the areas covered by the seven councils which merged to form the super city.

In response to an Official Information Act request, Auckland Council said it had paid out about $242m since 2001 and a further $59m for leaky building payouts had been provided for according to latest council financial statements for the year ending June 2013.

Weathertight buildings expert Roger Levie from the Homeowners and Buyers Association said he would have expected the amount the Auckland Council had paid out so far to have been much higher. "But many of the claims have involved other parties as contributors on settlements, and in many cases the councils' contributions have been around the 20 per cent mark."

Source: stuff.co.nz

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