The cost of fixing the unfolding national building crisis involving building defects including the use of dangerous combustible cladding, could soar past $6.2 billion, according to a new economic analysis.
It is estimated that around 3,461 residential apartment blocks across the country have flammable exterior cladding that’s 170,000 apartments mostly constructed in the last 10 years, the majority of these in NSW.
So, what can you do, whilst the issue is being addressed, to mitigate and minimise your strata blocks risk? Cladding and the Warranty Period – How can you Minimise your Risk?
For NSW strata legal or levy collection advice contact us here or call 02 9562 1266, we’re happy to assist.