CITY OF SYDNEY Homeowners are being hit with $25,000 bills to remove and replace combustible cladding
WHY are home owners in this predicament?
Wasn’t there a NSW Parliamentary Inquiry held into the regulation of building standards, and building quality?
Yes! The reforms were designed to give homeowners who buy defective apartments an easier path to pursue damages. A registration system and developers to be forced to comply with ‘declared’ building designs.
YET … the homeowner victims are being hit with the rectification bills?
DESPITE the final report to the NSW Government making a range of recommendations for flammable cladding including:
- The need to disclose to potential buyers or renters when a building contains flammable cladding.
- That the NSW Government provide substantial funding for the rectification of buildings containing aluminium composite panels, and that these products be banned from the Australian market.
- That the funding the NSW Government provide for flammable cladding be proportionate to that of the Victorian Government’s $600 million.
- In circumstances where insurance has not provided a suitable solution to the flammable cladding issue, the NSW Government should take it upon itself to pay for the rectification of flammable cladding.
READ MORE from ‘NSW Parliament Report on Defects Crisis’
YET despite all of this … it is incredulous, isn’t it, that the perpetrators … those that own the housing development projects … continue, it seems, to get off ‘Scott free’?
… and NSW INC has now released a Second and Third Tranche of more Overdevelopment … and the Medium-Density Housing Code is to come into effect on 1 July 2020!!
Further this report, ‘It’s not fair: Sydney cladding crisis threatens to ‘crush families’ financially‘ reveals that NSW INC, it appears, due to decades of deregulation, have dodged a bullet because the new recommendations, it appears, are not retrospective!