Nearly three-quarters of the overall costs of leaky homes will be borne directly by affected households, ANZ bank is estimating.
In its weekly Market Focus newsletter, ANZ said that under the latest government proposal 23,500 houses would qualify for a package announced around the time of the budget in May. In those cases 25 percent of the cost of repairs would be borne by government, 25 percent by local councils and 50 percent by homeowners.
But PricewaterhouseCoopers had estimated the number of potential failures could range between 22,000 and 89,000.