The owners of 130 buildings in inner Sydney have been told to replace flammable cladding or reveal more details about the composition of materials used, leaving individual apartment owners facing bills running into the tens of thousands of dollars.
The breadth of the cladding crisis in just one part of the city has led to fresh calls for the NSW government to follow Victoria in funding rectification work, partly given the financial pressure owners are already under due to the coronavirus-induced recession.
Waterloo resident Adrian Shi was shocked to discover that he would have to pay $25,000 over the next year to remove combustible cladding from his building in the inner-southern suburb.
"If it was just a few thousand dollars it would be acceptable but a $25,000 hit comes at a very bad time. It is not fair for the owner to take full responsibility," he said. "The government should give us some help such as a long-term loan."
Greens MP David Shoebridge, who chaired an inquiry into building standards, said the cost of fixing flammable cladding in NSW would be "well north" of $1 billion, which would be borne by homeowners "let down by decades of deregulation".