I have heard of people who have had to pay considerably more than 1% of their unit price to fix things. If this comes to be then why would builders even try to do the right thing? They may take the she’ll be right attitude – they will have the funds to fix it anyway!
How about the builders/developers have to fork out 1% of each unit price if they are found to not have complied with building codes or Australian standards? Then the only issues that would have to be dealt with would be settling cracks (can’t help that) perhaps a leak here, an adjustment there. And all done under the warranty. Next we will have to pay more for a new car! An extra thousand in case the auto windows play up in the first few years, or the engine goes.
I read of a tradie who operated without a licence was hit with heavy fine of $22,000 for putting up a fence. But have also read of builder/developer building a multi story residential block and inot follow BCA and then walk away with the owners having to foot the bill? An extra 1% for a self funded retiree or a first home buyer is a lot. In some cases the difference between buying and not. I have said it before and will say it again -when you buy something new you expect it to be faultless and you expect it to be repaired within a time frame if not. If that is so for a toaster from Kmart, why not for the biggest purchase you will make in your life?