Flammable cladding fears to burn high-rise investors

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By Leith van Onselen

The AFR reports today that recent fires in high-rise apartment buildings, along with London’s Grenfell disaster, have made tenants of such buildings nervous about remaining there. This, in turn, is making potential investors in high-rise apartments reluctant to purchase them:

Frightened high-rise tenants are imploring their landlords to move them to another property or rescind the lease because of fire concerns.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.