12 JULY 2019
Harry Triguboff’s Meriton wants immediate reforms to the construction industry in NSW to stop substandard buildings from going up, as a growing number of experts argue the government should issue low-interest loans to apartment owners battling defects. The perception of a crisis in Sydney’s residential apartment market snowballed this week after the Herald revealed another evacuation of a unit block at Zetland, while the Premier conceded that self-regulation had failed.
Stephen Goddard, a spokesperson for the Owners Corporation Network, said the possibility of low-interest loans was a “public conversation worth having to protect the interests of the innocent.” “Access to low interest loans, repayable over five to 10 years, is an important lifeline to consider,” he said.
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Jacob Saulwick & Tom Rabe