Advertisements
Australian apartment owners ask on average $ 6,434 to solve major defects, according to a report (the photo shows a sloppy apartment building at Mascot Towers in southeast Sydney)

Australian apartment owners ask an average of $ 6,400 to remedy major defects, according to a report.

Advertisements

In the past decade alone, homeowners have lost $ 10.5 billion dollars to fix messy structures, the survey from financial comparison website Mozo showed.

The situation was worse for apartment owners, who pay an average of $ 6,434 to correct construction errors, compared to $ 5,839 for houses.

Australian apartment owners ask on average $ 6,434 to solve major defects, according to a report (the photo shows a sloppy apartment building at Mascot Towers in southeast Sydney)

Australian apartment owners ask on average $ 6,434 to solve major defects, according to a report (the photo shows a sloppy apartment building at Mascot Towers in southeast Sydney)

The revelations came after residents were evacuated in two residential towers in Sydney, only months apart, forcing the government to urgently change the building permit laws.

Of the defective apartments, nearly half, or 48 percent, had internal water leaks.

Advertisements

Cracking walls were a problem in 39 percent of the poorly built units.

Poor craftsmanship caused other problems, with 30 percent of the affected apartments entering outside water.

Tile problems were cited by 27 percent of homeowners, followed by faulty pipes (21 percent), gutter errors (19 percent) and poorly installed items (19 percent).

To make matters worse, homeowners have to pay for the repairs themselves instead of the original builders.

In the past decade alone, homeowners have lost $ 10.5 billion dollars to fix messy structures, the survey from financial comparison website Mozo showed. Cracking walls were a problem in 39 percent of poorly built units (pictured are Mascot Towers in Sydney)

In the past decade alone, homeowners have lost $ 10.5 billion dollars to fix messy structures, the survey from financial comparison website Mozo showed. Cracking walls were a problem in 39 percent of poorly built units (pictured are Mascot Towers in Sydney)

In the past decade alone, homeowners have lost $ 10.5 billion dollars to fix messy structures, the survey from financial comparison website Mozo showed. Cracking walls were a problem in 39 percent of poorly built units (pictured are Mascot Towers in Sydney)

Mozo estimated that home buyers had to pay $ 4.3 billion in repairs after researching 1,222 homeowners who had bought 506 homes between them over the past decade.

Advertisements

More than half or 60 percent of the apartment owners who live or rent out in problem buildings had to contribute to a sinking fund.

Almost a quarter or 24 percent had to pay special taxes to finance the repairs.

In less than a year, two towers have been evacuated from Sydney apartments, forcing residents to find alternative housing and punch them for expensive rectifications.

Opal Towers, an almost new 36-storey Sydney Olympic Park complex, was cleared up on Christmas Eve after residents heard squats.

Of the defective apartments, nearly half, or 48 percent, had internal water leaks

Of the defective apartments, nearly half, or 48 percent, had internal water leaks

Advertisements

Of the defective apartments, nearly half, or 48 percent, had internal water leaks

In June, hundreds of residents were removed from Mascot Towers, near the airport, after cracks also appeared in the 10-year tower with 10 floors in southeast Sydney.

A month later, the City of Sydney City Council confirmed that residents of 30 loft-style apartments in nearby Zetland had been evacuated.

In the last decade, 670,197 new apartments have been built in Australia.

The vast majority of them were in New South Wales, which deregulated building permits two decades ago, so that private certifiers instead of local government inspectors have opted out of construction aspects.

Advertisements

Mozo real estate expert Steve Jovcevski advised homeowners to correct their construction errors before the guarantee for the new building expired.

& # 39; If you are still waiting to have your apartment or house repaired, it is time to act, & # 39; he said.

& # 39; With fixed building guarantees throughout the country, after the regulated claim period has expired, you will have difficulty in getting a developer or contractor to repair defects in your property. & # 39;

Opal Towers, an almost new 36-storey complex in Sydney, was cleared on Christmas Eve after residents heard the squatting

Opal Towers, an almost new 36-storey complex in Sydney, was cleared on Christmas Eve after residents heard the squatting

Opal Towers, an almost new 36-storey complex in Sydney, was cleared on Christmas Eve after residents heard the squatting

Advertisements

. (TagsToTranslate) Dailymail (t) news