Defective apartments to cost taxpayers $6 billion

A new report from Equity Economics warns that the cost to taxpayers from apartment faults and flammable cladding could surpass $6 billion:

The report, set to be released on Tuesday, estimated the overall national cost of apartment defects, including flammable cladding, to be upwards of $6 billion and called for a harmonisation of state laws. The report put the onus on Canberra to bring the states into line and use the billions of dollars in federal infrastructure funding as leverage to ensure better compliance…

“Unfortunately, though, [the federal government] has applied this leverage to advance an ideological agenda,” the report said.

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