Wanted: More High-Rise Purchases Willing To Play Russian Roulette!

Digital Finance Analytics (DFA) Blog

Jan 22 2024 | 00:09:19

00:00 / 00:09:19

Show Notes

Well, finally, the problems in Australian high-rise construction are getting airtime, but many households are caught up with these rolling disasters, as estimates suggest well more than half of recently built apartments are defective. It frankly remains a game of “Russian roulette” when buying off-the-plan apartments and consumers could be forgiven for asking themselves if it is safe to buy an apartment off the plan with issues frequently emerging in Sydney’s building developments. The current legislation is not effective, and of course the question is who would foot the bill for repairs.? Yet the industry keeps making empty promises, and […]

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