The Crippling Highrise Disaster Continues…

April 25, 2024 00:06:10
The Crippling Highrise Disaster Continues…
Digital Finance Analytics (DFA) Blog
The Crippling Highrise Disaster Continues…

Apr 25 2024 | 00:06:10

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Show Notes

The truth is that recent high rise construction in many Australian cities, are riddled with defects, and someone needs to pay for rectification. This surge in high-rise apartment construction happened as building certification was privatised, costs cut and poorly trained workers employed. As a result, we have a litany of increased building flaws and quality concerns, such as cracked foundations, water leaks, balcony defects, and flammable cladding. According to the NSW Building Commission strata survey, more than half of newly registered buildings since 2016 had at least one significant issue that will cost an average of $331,829 to correct. The […]

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