Opal Tower: “tip of the iceberg” and “manifestation of a system in trouble”

Advertisement

By Leith van Onselen

Bronwyn Weir – the construction lawyer who last year co-authored a key industry report – says more building failures similar to the cracks that impacted Sydney’s Opal Tower are inevitable if serious reforms are not implemented by the states. Cracks in the Opal apartment tower led to its residents being evacuated on Christmas Eve, with some still unable to return to their homes. Weir says developers and builders have no real interest in whether what they construct will perform over the long term, and they are not being held accountable for any actions that might negatively impact future owners. From The AFR:

“Opal is the manifestation of a system in trouble,” said Ms Weir… “These things are signals. They’re almost the tip of the iceberg of what’s potentially going on in buildings.”

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.