Engineer: Flammable cladding removal will expose “litany” of problems

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Australia’s apartment crisis continues to mushroom, with engineers warning the removal of dangerous flammable cladding will expose other building faults and will require at least $3 billion to fix. From The ABC:

The State Government has earmarked a budget of $600 million to fix the 500 most dangerous buildings over a five-year period.

Each building will be treated on a case-by-case basis, meaning the type of work necessary to make the building “safe” could widely differ depending on the apartment complex…

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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.