A research project led by the University of New South Wales in 2018 concluded that a lack of reliable information about building defects has been a key factor in the crisis that has affected the apartment market.
Problems such as structural defects in apartment towers and the use of flammable cladding can result in property values falling across the market. Initiatives such as an industry rating system are to be welcomed, but action is needed to ensure that data on building defects is available and accessible. From Domain:
The litany of defects, poor building standards and regulatory failures has serious implications for apartment owners, occupiers and buyers alike.
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