Opinion
Buyer beware in cladding crisis
Uncertainty around who will shoulder the cost has seen many purchasers walk away, although some hope for a bargain opportunity.
Sam TamblynContributorThe cladding crisis engulfing the nation is expected to blow out into a multibillion-dollar catastrophe that threatens to push developers and building owners into financial ruin.
The catastrophe has been part of Australia’s vernacular since 2010 when repeated warnings from fire authorities fell on deaf ears. More than a decade later, authorities are still trying to determine which buildings present the biggest fire risk and where to apportion blame.
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