New research reveals it is nearly impossible for buyers to find high-quality information about the apartments they are considering purchasing, placing them at considerable risk.
It is almost impossible for purchasers to predict whether their new apartment will have building defects, a report into the apartment building industry has found.
The difficulty of finding out about building defects creates an information deficit that threatens public confidence and stability in the apartment market. NSW has begun work on a solution.
Short-term letting via digital platforms benefits some in the market at the expense of others. Closer regulation might be needed in Melbourne and Sydney, where a permissive approach prevails.
As the NSW State Government moves to impose limits on apartment owners who continuously let on a short-term basis, one issue is that Airbnb isn't transparent about how many properties are truly 'shared' and how many are just part of a business.
