Orders to fix serious defects, even up to ten years after completion, and to delay the occupation certificate developers need to sell apartments until they're fixed, gives regulators real teeth.
The proposed law does little to give people confidence in the apartments they buy. And it utterly neglects the role of architects and on-site inspections in delivering sound buildings.
Governments and regulators assume compliance with building regulations will restore public confidence. But complying with the National Construction Code won't fix many common defects.
The construction industry crisis didn't happen overnight. Authorities have been on notice for years to fix the problems that now have the industry itself calling for better regulation.
Years of regulatory failure are having direct impacts on the hip pockets of the many Australians who bought defective houses or apartments. It's turning into a multibillion-dollar disaster.
Under the new code, buildings are hardly likely to differ measurably from their fault-ridden older siblings and can still fall short of a six-star rating. It's possible they may have no stars!
Queensland Minister for Housing and Public Works Mick de Brenni made the claim while announcing a $2 billion housing investment scheme. But is the claim correct?
Concerns about foreign investors driving up housing prices have been growing. Australia was first to bar foreign purchases of existing residential property, but New Zealand is set to go further.
A tax on empty homes will make a modest difference to housing affordability. The sheer wastefulness of our housing system calls for something much more ambitious.
A variable special rate on new residential housing developments in selected centres could be used to create a local incentive to supply more affordable dwellings at higher density.
About 84% of cranes in Australia are used on residential sites, with commercial projects making up 5% of crane activity. Health, education, infrastructure and recreation projects make up the rest.
Without better regulation, renting will still be insecure and unaffordable.
Crime is declining, but people are getting more and more defensive about their homes.
High-rise living is no longer synonymous with crime and deprivation.
Lessons from the sharing economy could provide a housing solution for both buyers and sellers.
Hong Kong's investors have been snapping up London property for years – and now, they're turning their attention elsewhere.
Changes to our foreign investment regime are more tinkering around the edges than true reform.