With apartment owners stung by huge costs and embroiled in legal battles relating to dangerous flammable cladding, there are warnings that a lack of publicly disclosed information about whether apartments have been built with combustible cladding could result in lenders avoiding the apartment sector, thereby adding to the apartment bust. From The AFR:
No bank would say how it responded to the lack of information, but a senior valuer at one large national practice said with banks already cautious about lending on apartments, it made them even less likely to approve loans.
