Building owners throughout New Zealand are being penalised by faulty advice from earthquake engineers. Banks have climbed on the bandwagon by insisting on earthquake risk reports on buildings that have no structural issues whatsoever as a condition of mortgage finance, creating a new industry for engineers to print out largely pre-written reports for $600 to $1000.
The 99-year-old Hastings council-owned Opera House was suddenly closed on March 4 of this year after advice from engineers that parts of the building were less than 34 percent of the new building standard of earthquake resistance.
