Victoria has far more flammable buildings than expected

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Dan O’Brien is the head of Cladding Safety Victoria, a newly established cladding rectification body. He says Victoria could have upwards of 1,000 private buildings with ‘high-risk’ combustible cladding. To date, 403 private buildings in the state have been deemed high-risk, but O’Brien has told the Property Council that the number keeps increasing as an audit of the state’s private buildings continues. The Victorian Government has set aside $600 million for the rectification of private buildings with combustible cladding. From The AFR:

…the number of “high-risk” buildings – the ones needing rectification and the ones on which his agency focuses – will rise, Mr O’Brien said in his first public comments since being appointed to head Cladding Safety Victoria.

“That number of 406 keeps on growing,” he told a Property Council of Australia seminar…

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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.