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Jimmy Thomson

Up the garden path with dodgy developers

What’s missing from the new strata laws is any reference to the scandal of embedded networks or, indeed, any duty of care by strata managers.

Jimmy ThomsonContributor

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Two very significant pieces of strata legislation passed through the NSW parliament last week, one of which should bring comfort and confidence to apartment investors. The other, a little less so.

The first will lead to a “supercharging” of Building Commissioner David Chandler’s powers – Premier Chris Minns’ choice of words – in his war on dodgy developers, and his drive to increase confidence in investment in the strata blocks we so badly need to solve our housing crisis.

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Jimmy Thomson edits the strata living advice website flat-chat.com.au and hosts the Flat Chat Wrap podcast. Email Jimmy at mail@jimmythomson.com

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    Original URL: https://www.afr.com/wealth/personal-finance/up-the-garden-path-with-dodgy-developers-20231130-p5eo4l