The cost of building defects: Economic modeling of the cost of building defects in apartments across Australia
THE COST OF APARTMENT BUILDING DEFECTS
By Equity Economics
As Australia’s population continues to grow, more and more of us are choosing to live in apartments. Large high-rise apartment towers are going up in our inner cities and outer urban centers, providing new places to live and call home. While new apartment construction has slowed from its peak in 2015-16, it continues to be an important source of economic activity, employment and residential construction (1). Almost fifty per cent of new residential dwellings are apartments. The total value of new apartment commencement in 2018-19 was $31.7 billion, 14 per cent of the building and construction sector (1). Click here to continue reading.