Comment: One year on from the news of cracks emerging in the Opal Tower, it is time to reflect on what changes have occurred over these past 12 months
. At Mascot Towers, none of the residents of the 130 units are yet to return. Much work is to be done.
For too long, the development sector has lobbied against regulations needed to maintain trust in the product and provide adequate consumer protection. After Opal and Mascot, regulation is back on the cards, but so far has fallen short of what is needed. On the plus side, the NSW Finance Minister just announced that work is under way to consolidate core information on the state's 80,000 strata schemes for consumers to access through a portal. The Building Commissioner appears to be making progress on developing better information for buyers about the track record of the developers, designers and builders.
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