Hi Jimmy,
I came across your article about building defects in the SMH, the article states it is in favour of a 1% levy to be added to the purchase price of a unit. This money is to be used to cover the repair of hidden defects left by the developer.
From our remediation experience 1% would not be enough, and I will give you two examples:
- Rose Bay Remedial in and around 7 Units – $1.8 million
- Just tendering for a Vero reinsurance job Cronulla figure is up to $1.4 million today.
Education and more stringent inspections of the various construction trades would be more beneficial too the consumer. The art of building a fit for purpose construction has been lost, it went down the tube around the late 1970’s.
I am involved with a group of professional trades people in writing and publishing methods that have worked over 100’s of years.
Please see attached “GUIDES”
Regards