Invest
Building defects lead to calls for purchaser protection
With four recently built Sydney buildings now ghost towns due to dangerous defects, the Strata Community Association (NSW) has called for mass reforms to help property owners recover from potential losses.
Building defects lead to calls for purchaser protection
With four recently built Sydney buildings now ghost towns due to dangerous defects, the Strata Community Association (NSW) has called for mass reforms to help property owners recover from potential losses.
The association outlined that it has called for legislation that would closely reflect that put in place after Victoria’s cladding crisis, where $600 million was designated by the state government for the removal of highly flammable cladding from newly built buildings.
In calling for mass funding to fix damages in a number of recently built NSW buildings, the state’s Strata Community Association president, Chris Duggan, said the government needs to help all investors and not just residents in bigger cases.
“The NSW government moved quickly to support the residents of Mascot Towers, but we all know now that this is just the tip of the iceberg,” he stated, considering that iceberg to be impacting on property owner confidence.
Impact on investors
According to Mr Duggan, the federal government should be working with state legislators on the issue, as the problems facing investors in NSW could be replicated Australia-wide.
While the NSW government moved quickly on Mascot Towers, it is now obvious that the building and construction integrity problem requires a whole of government strategic response that is properly funded, the Strata Community Association outlined.
He noted that some Mascot Towers residents had been offered $10,000 to purchase their million-dollar apartments, adding that “no resident in NSW should have to suffer that sort of disgraceful proposition”.
Call to action
Working on behalf of 2 million members, the Strata Community Association said it has called for government intervention to stop such issues from continuing.
Mr Duggan highlighted that NSW still has “hundreds of kilometres of poor-quality electrical cabling that poses a fire risk” that can’t be tracked down.
He also said that the government is still allowing poor quality Chinese-made glass panels to come into this country that can explode under stress.
As a result, Mr Duggan said insurance premiums are on the rise.
He said that this isn’t the only impact that has arisen out of the new building drama, with the private certifiers issue off the back of flammable cladding having brought “the construction industry to its knees”.
RELATED ARTICLES
-
Victoria’s $100m renter support push: what it means for landlords, proptech and the housing economy
-
The multigenerational home moves mainstream: where the next margin lives in Australian real estate
-
Multigenerational living is moving mainstream: how agents, developers and lenders can monetise the shift
About the author
About the author
Property
Victoria’s $100m renter support push: what it means for landlords, proptech and the housing economy
Victoria has unveiled a new suite of rental support services, including a dedicated helpline for renters aged 55+, underpinned by a funding package widely reported at around $100 millionRead more
Property
The multigenerational home moves mainstream: where the next margin lives in Australian real estate
Multigenerational living is shifting from edge case to core demand driver in Australia’s housing market. For agents, developers and lenders, the commercial upside lies in rethinking product design, ...Read more
Property
Multigenerational living is moving mainstream: how agents, developers and lenders can monetise the shift
Australia’s quiet housing revolution is no longer a niche lifestyle choice; it’s a structural shift in demand that will reward property businesses prepared to redesign product, pricing and ...Read more
Property
Prestige property, precision choice: a case study in selecting the right agent when millions are at stake
In Australia’s top-tier housing market, the wrong agent choice can quietly erase six figures from a sale. Privacy protocols, discreet buyer networks and data-savvy marketing have become the new ...Read more
Property
From ‘ugly’ to alpha: Turning outdated Australian homes into high‑yield assets
In a tight listings market, outdated properties aren’t dead weight—they’re mispriced optionality. Agencies and vendors that industrialise light‑touch refurbishment, behavioural marketing and ...Read more
Property
The 2026 Investor Playbook: Rental Tailwinds, City Divergence and the Tech-Led Operations Advantage
Rental income looks set to do the heavy lifting for investors in 2026, but not every capital city will move in lockstep. Industry veteran John McGrath tips a stronger rental year and a Melbourne ...Read more
Property
Prestige property, precision choice: Data, discretion and regulation now decide million‑dollar outcomes
In Australia’s prestige housing market, the selling agent is no longer a mere intermediary but a strategic supplier whose choices can shift outcomes by seven figures. The differentiators are no longer ...Read more
Property
The new battleground in housing: how first-home buyer policy is reshaping Australia’s entry-level market
Government-backed guarantees and stamp duty concessions have pushed fresh demand into the bottom of Australia’s price ladder, lifting values and compressing selling times in entry-level segmentsRead more
Property
Victoria’s $100m renter support push: what it means for landlords, proptech and the housing economy
Victoria has unveiled a new suite of rental support services, including a dedicated helpline for renters aged 55+, underpinned by a funding package widely reported at around $100 millionRead more
Property
The multigenerational home moves mainstream: where the next margin lives in Australian real estate
Multigenerational living is shifting from edge case to core demand driver in Australia’s housing market. For agents, developers and lenders, the commercial upside lies in rethinking product design, ...Read more
Property
Multigenerational living is moving mainstream: how agents, developers and lenders can monetise the shift
Australia’s quiet housing revolution is no longer a niche lifestyle choice; it’s a structural shift in demand that will reward property businesses prepared to redesign product, pricing and ...Read more
Property
Prestige property, precision choice: a case study in selecting the right agent when millions are at stake
In Australia’s top-tier housing market, the wrong agent choice can quietly erase six figures from a sale. Privacy protocols, discreet buyer networks and data-savvy marketing have become the new ...Read more
Property
From ‘ugly’ to alpha: Turning outdated Australian homes into high‑yield assets
In a tight listings market, outdated properties aren’t dead weight—they’re mispriced optionality. Agencies and vendors that industrialise light‑touch refurbishment, behavioural marketing and ...Read more
Property
The 2026 Investor Playbook: Rental Tailwinds, City Divergence and the Tech-Led Operations Advantage
Rental income looks set to do the heavy lifting for investors in 2026, but not every capital city will move in lockstep. Industry veteran John McGrath tips a stronger rental year and a Melbourne ...Read more
Property
Prestige property, precision choice: Data, discretion and regulation now decide million‑dollar outcomes
In Australia’s prestige housing market, the selling agent is no longer a mere intermediary but a strategic supplier whose choices can shift outcomes by seven figures. The differentiators are no longer ...Read more
Property
The new battleground in housing: how first-home buyer policy is reshaping Australia’s entry-level market
Government-backed guarantees and stamp duty concessions have pushed fresh demand into the bottom of Australia’s price ladder, lifting values and compressing selling times in entry-level segmentsRead more
