Aim of the new Strata Defects Regime: quick and efficient repairs of defects! (Australia)

The inspection and bond regimes apply to the construction of high rise buildings of three or more storeys and with two or more dwellings.  Of the strata schemes constructed in the last 10 years 85% are reported to suffer from at least one form of building defect. Owners corporations are often the losers when it comes to building defects in their strata scheme, incurring large costs in order to carry out rectification works    Read the article………..