A new report has revealed 53 per cent of NSW buildings have had serious defects over the past 5 years, with only half resolved within one year.
The number has risen from 39 per cent in 2021 with the most common defects including waterproofing, fire safety, structural and key services issues such as lifts and plumbing.
The report, by The Strata Community Association (SCA) NSW and the Office of the Building Commissioner, has revealed that more than half of all strata buildings had serious defects between 2016 – 2022, with an estimated $79 million spent by owners corporations to fix the issues.
The average cost of rectifying serious defects was $283,000 per building.
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