{"id":30929,"date":"2021-02-24T08:02:31","date_gmt":"2021-02-23T19:02:31","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30929"},"modified":"2021-02-24T08:02:31","modified_gmt":"2021-02-23T19:02:31","slug":"are-people-still-too-nervous-to-buy-an-apartment-in-sydney","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/are-people-still-too-nervous-to-buy-an-apartment-in-sydney\/","title":{"rendered":"Are people still too nervous to buy an apartment in Sydney?"},"content":{"rendered":"

PHOTO: Sydney skyline and cranes\u00a0Photo:\u00a0Leigh Henningham<\/span><\/strong><\/p>\n

The new building commissioner appointed to raise standards in NSW\u2019s construction industry \u2013 and his willingness to use his unprecedented legal powers to do so \u2013 is having a major impact on the standard of projects around the state.<\/p>\n

Six months on from being given the right to enter and inspect construction sites, issue rectification and stop-work orders, and prevent settlement on sub-standard properties, industry watchers say David Chandler is proving the state\u2019s saviour.<\/p>\n

\u201cThe building commissioner is doing an outstanding job,\u201d said Tom Forrest, CEO of developer lobby group Urban Taskforce Australia. \u201cIn weeding out the bad projects, he\u2019s giving people confidence that the remaining ones are structurally sound, from good developers using good certifiers and good engineers, and fixing up any defects.<\/p>\n

\u201cThat\u2019s also helping rebuild confidence in the construction industry that underpins our economy, particularly after COVID.\u201d<\/p>\n

Apartment-owners peak group the Owners Corporation Network (OCN) is also enthusiastic about the effect he\u2019s having on making sure only sound developments are put up for sale in the future.<\/p>\n

\u201cWe\u2019re optimistic that the new laws and levers being put in place by the NSW building commissioner will lift construction standards and improve consumer confidence in new apartments,\u201d said OCN executive officer Karen Stiles.<\/p>\n

\u201cBut for now, we\u2019re still advising prospective purchasers of off-the-plan or new buildings to exercise caution and perform due diligence on the developer, builder and certifier.\u201d<\/p>\n

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