EQC Act Poised for Review

I was pleased to read in Saturday’s Press that EQC chairman Michael Wintringham is sighting changes to the current EQC structure. This is definitely music to my ears, and I’m sure it is for you as well. However the crying shame is that we have all had to be the guinea pigs to prove that the current structure is not robust enough to effectively handle such a mammoth event that has taken us all by surprise.

Wintringham says that because of the huge scale of the earthquakes disaster and the costs to the Government and private insurers “there is an incentive for insurers to reduce their own liabilities by shifting costs to the Crown or to other parties”.

Wintringham says the EQC Act needs review. At present the Government is considering the terms of reference of the review.

The Canterbury earthquakes had provided “a reality check” on the workability of the 20-year-old law.

Well I guess hindsight is always a great thing – one always knows how to do it all after the event has transpired. Let’s hope the lessons have been learned and we are all better prepared for future “events” before they arrive.

On the real estate front, having had two properties sell under the hammer last week, it is my perception that both the buying and selling public are relishing the opportunity to transact real estate in such a transparent and professional forum.

If you are off to the races or simply enjoying a bit of family time out over Canterbury’s anniversary week, be sure to enjoy. It’s looking like the traditional good ‘show week’ weather is on its way too.

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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