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Research on serious building defects in NSW strata communities
Key findings:
- The report found 39% of strata buildings had experienced serious defects in the common property.
- The most commonly occurring serious defect related to waterproofing, affecting 23% of surveyed buildings, followed by fire safety (14%).
- Around 47% of buildings with serious defects were able to achieve resolution.
- Only 15% of buildings with serious defects were reported to Fair Trading.
- Serious defects generally led to significant financial and emotional stress for homeowners, tenants and strata managers.
