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Buying a high-rise apartment has become a game of financial Russian Roulette.
Over recent years we witnessed a proliferation of building faults and flammable cladding infernos at sites including Lacrosse, Neo200, Opal, Mascot, Zetland, Campsie, among others.
In 2019, Four Corners aired a segment entitled Cracking Up, where building law expert Bronwyn Weir encapsulated the issue with the following:
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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.