Victorian taxpayers to foot bill for highrise “death traps”

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The fallout from Australia’s high-rise apartment crisis rolls on, with photos shared online by Sydney property consultant, Edwin Almeida, highlighting the dodgy work and shortcuts rife across the construction industry:

According to him, media reports about recent evacuations of residents from high-rise apartment buildings in Sydney are “just the tip of the iceberg” as a lack of oversight in the construction industry has led to high-rise “death traps” dotting city skylines across the country.

Photos, which Mr Almeida said were sent to him by tradesmen working on high rise apartment buildings in Queensland show leaky plumbing, crumbling support beams and disintegrating concrete slabs.

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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.