Sydney’s highrise apartments riddled with defects

Advertisement

Nearly four in 10 new apartment buildings in NSW have serious defects, costing an average $331,829 per building to fix, according to new research by the Strata Community Association NSW:

A survey of 1400 strata managers of residential buildings of four storeys or higher built in the past year was completed as part of a joint initiative between the Office of the NSW Building Commissioner and the state’s peak strata body…

Waterproofing (23 per cent) was the most common major defect followed by fire safety (14 per cent), while almost one in 10 buildings had structural and enclosure defects, which can include anything that protects homeowners from the elements…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.