Up to 10,500 homes in NSW are being built by “risky players”
An interesting article written in the AFR that is summarised below highlights the need for thorough and vigilant building inspections to ensure quality and compliance, especially with the increasing complexity and risks in the construction industry.
- Risky Builders: Up to 10,500 homes in NSW are being built by “risky players” who may cut corners, leading to defective homes that could cost buyers money and time to rectify.
- Regulatory Expansion: The Building Commission NSW, initially focused on high-rise apartments, has expanded its regulatory powers to include detached and low-rise housing.
- Regional Challenges: The scope for problems in regional areas is significant, with many homes being built in these areas, making them harder to inspect and regulate.
- Apartment Sector Risks: Up to half of all new apartments could be built with serious defects due to insufficient regulation by state and territory governments.
- Detached Home Approvals: The number of new detached house approvals in NSW is at its lowest in over a decade, but this sector is expected to pick up quickly in the next building boom.
- Higher Standards and Costs: New thermal and construction standards, along with material and labour shortages, are driving up home building costs.
- Prefabrication Concerns: The growing use of prefabricated techniques could lower costs but also introduces quality risks that require proper regulation and understanding of potential problems.
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