Over the past 15-years, Australia experienced an unprecedented construction boom, which has seen high-rise apartment complexes mushroom across Australia’s major cities:
Over recent years, it has become apparent that many of these apartments likely carry some type of structural fault – be it flammable cladding, cracking or problems with water-proofing and mould – which has left owners living in potential financial black holes, as well as shattered confidence in the market.
The situation recently hit crisis point when on Christmas Eve, all residents at the 392-apartment Opal Tower high-rise were evacuated after serious cracking sent soundwaves across the complex. Then last weekend, residents of the 12 year-old 10-storey Mascot Tower apartment complex were evacuated after cracks were discovered in the foundation supporting the building’s primary corner.
