The year that was: Five big things that happened in the property market in 2017 | Owners Corporation Network

The year that was: Five big things that happened in the property market in 2017

Following the inferno at London’s Grenfell apartment block in London that killed 71 people, after spreading via highly combustible aluminium composite panels, Australia was on high alert for cladding on its residential buildings. Many owners’ corporations that have received notices indicating their homes may be at risk are experiencing big hikes in insurance premiums and excesses. “They’re paying the price of deregulation,” says Karen Stiles, executive officer of the apartment-owners peak body, the Owners Corporation Network.
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