More overseas building products: Chris Penk on the end of the GIB monopoly

Until now, one company's plasterboard has had a near-duopoly in New Zealand, leading to some of the highest prices in the world - 67% more expensive than the U.S. according to the Minister of Building and Construction. From tomorrow, thousands of overseas building products including plasterboard and cladding systems will be given the green light for use in construction in New Zealand. The Government's introduction of a Building Product Specifications document will allow for greater competition in the market, and hopefully less costly building. LISTEN ABOVE See omnystudio.com/listener for privacy information.