Apartment faults bill surges to $1 trillion

Estimates of the cost of rectifying Australia’s high-rise apartment faults continues to soar. Last month, the bill was estimated by Equity Economics at $6.2 billion.

Now, Martin North claims the cost could rise to $1 trillion if both the value of collapse and repairs are considered:

One expert says the cost of fixing building defects and the property value lost could total as much as $1 trillion…