Strata stakeholders in turmoil over cladding crisis | Owners Corporation Network

Strata stakeholders in turmoil over cladding crisis

Strata owners corporations are facing insurance premium rises of 300 per cent in response to the flammable cladding crisis, while one Sydney owner we spoke to is facing serious financial hardship from replacement costs. There’s an urgent need for accountability but little action.

Thousands of apartment owners around the country are in a world of pain and uncertainty as the insurance industry and legislation enter reactive mode over flammable cladding on apartment buildings.

The Fifth Estate
Willow Aliento
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