The government has so far paid out $762 million in red zone earthquake settlements to 3956 Christchurch home owners.
Red zone properties are those damaged beyond repair and the government buys them and recovers as much as it can from insurance companies.
Earthquake Recovery Minister Gerry Brownlee says it's been "a roaring success" and deals are still being made.
"I'm very pleased so many families in suburbs deemed unsuitable for residential occupation because of earthquake damage are swiftly moving on with their lives," he said on Friday.
"The red zone offer is fair and allows families to rebuild on safer land."
He's announced it will be extended to cover houses that were under construction when the quake struck on February 22 last year, and to non-residential properties owned by not-for-profit organisations.
There were 17 houses under construction at the time, and seven non-residential properties.
News home