446. Strata Repair Costs Set to Skyrocket Under NCC 2025
Podcast: Play in new window | Download
Subscribe: RSS
What if a balcony waterproofing job that used to cost $55k could soon cost over $200k? Helen Kowal and Deborah Lockart join me this week, unpacking the impact of proposed 2025 updates to the National Construction Code. They’re sounding the alarm for strata owners and asking the government to take action before it’s too late. This is a must-listen for strata owners, managers, and anyone planning building repairs.
Links mentioned:
- Get the transcript here!
- Australasian Concrete Repair & Remedial Building Association (ACRA) LinkedIN Page
- ACRA Website
- Consultation Paper – The proposed NCC 2025 waterproofing and weater shedding provisions (NCC 2025) and the impact on owners of existing Class 2 buildings
- ACRA’s NCC 2025 response (June 2024)
- Remedial-government consultation working group paper titled ‘Enhancing the regulatory landscape to support an efficient and trustworthy remedial building industry’ (May 2024)
- Remedial Building Work Handout
AT this time there is a flight of property owners from the rental market, as the government imposes more restrictions. With its increases in compliance with DA’s for waterproofing etc when council is renowned for their lack of haste, it places even more burdens on property owners of rental properties. Property owners throw up their hands. The NSW Govt wins. They are leaving and the increases in properties for sale increases. Watch out for even more of a flight. It’s sad.