Repair bill for building defects in Australia could exceed $4 billion

Source: Business Insurance

August 19, 2019 Research found that repair costs for structural and safety defects in apartment buildings across Australia could exceed $6 billion Australia ($4 billion), reported. The research by Australia-based consultancy firm Equity Economics said that the repairs would only cover remediation of water leaks, fire safety breaches and combustible cladding in buildings constructed since 2009 and excludes legal costs and insurance premiums.