Buying a Sydney high-rise apartment is financial Russian Roulette

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Seriously, who’d buy a Sydney high-rise apartment?

On Monday, new research by the Strata Community Association NSW revealed that four in 10 new apartment buildings in NSW have serious defects.

And yesterday, The SMH reported that an apartment tower in Sydney’s south-west came close to being evacuated after an engineer’s report warned that the building was at serious risk of collapse due to structural flaws:

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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.