Thousands more apartments wrapped in flammable cladding

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Australia’s flammable cladding fiasco has just mushroomed with “biowood” also being declared unsafe, and apartment owners now facing millions of dollars in costs to have the cladding replaced:

Thousands of apartment owners across Australia who thought they were safe from potentially deadly cladding fires now face millions of dollars in bills to remove and replace timber-based panels.

In a landmark legal ruling, timber-PVC cladding that was believed to be a reliable alternative to dangerous aluminium composite has now also been declared unsafe.

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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.