In 2012, and major study by the University of New South Wales found that 85% of strata owners had to address costly building defects. Since then the problem seems to have grown even worse, with some notorious major developments and a state-wide fire safety issue with external cladding materials.  Building defects are an ever-present risk. Building defects are not always apparent. Very often they are latent, and only become a problem years after the construction work. It is essential that all strata owners manage this risk by understanding the potential avenues for recovering such costs, and the pro-active management steps necessary to protect any such rights.    Read the article………………………………