Regular reports of structural faults and flammable cladding are taking a massive toll on Sydney’s broader apartment market, with buyer confidence and viewings plunging. From Domain:
Apartment sales have tumbled and new apartment listings views have taken a dive as buyers become more cautious than ever before in the wake of unprecedented defects found in residential buildings across Sydney.
Since the revelation of structural defects in Opal Tower at Sydney Olympic Park late last year, apartment sales in the suburb have fallen away, dropping 85 per cent in the six months to June compared to the same time last year, new Domain data shows.
