Top 5 concerns of apartment owners

Building defects – construction problems and poor building quality – heads the list of top concerns of apartment owners a new study has found.

Domain reports the national survey on strata-titled property conducted by Queensland’s Griffith University as showing these top 5 concerns:

  1. Building defectsapartment
  2. Poor strata title management,
  3. Low-quality executive committees of owners corporations or body corporates,
  4. The vested interests of developers in new developments and
  5. Weak laws and their enforcement.

The results of the Inquiry Into Key Challenges In Australian Strata Title have caused Professor Guilding, of the Griffith Business School, to call for a federal government inquiry about the issue.

Professor Guilding explained: 

“It is striking how strongly building defects comes through as the biggest concern.

“The qualitative survey was conducted across different states so I would have to say this is such a pervasive issue, it should be the subject of a federal government inquiry.
Such a strong reaction from all the key players in the industry means this is of profound importance.”

One particular problem found by the survey was a new act passed in NSW in January, The Home Building Amendment Act, which reduced time limits for statutory claims to two years except for “major defects”.

The difficulty is that building defects may not be recognised in the early years of the building and may not be tackled in time for claims or rectification before problems get worse.

One very common building problem I’ve heard of that affects almost every new building is water penetration – especially form balconies.

Want more of this type of information?

George Raptis


George is a Director of Metropole Property Strategists in Sydney. He shares his 27 years of experience in the property industry as a licensed estate agent and active property investor to help create wealth for his clients.

'Top 5 concerns of apartment owners' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...