Changes likely for design and building practitioners

Radical changes ahead could have a direct impact on the property development industry, if the NSW government’s Design and Building Practitioners Bill is passed. But who will pay the price?

Debate on the rating system to overhaul the building and construction industry is expected to continue in the NSW upper house this week.

GALLERY  

The new system will help prospective buyers identify “risky players” in the industry and prevent defective apartments being built and sold, according to the NSW government.

This comes off the back of major defects forcing residents out of newly-built developments including Mascot Towers, Opal Tower in Sydney Olympic Park and the loft-style apartments at Zetland

NSW Building Commissioner David Chandler said the old days of being reactionary to problems in the industry can’t continue.

“The government has a great deal of resources available, including inspectors, which is why we need to make sure we’re using those resources in the best way possible to protect consumers from major defects,” Chandler said.

Chandler’s plans include building better regulatory framework, ratings systems, skills, procurement methods, research and putting it all online.

However, there are concerns about a lack of commentary on the consequences for developers, purchasers and finances.

This bill is likely to “radically change” the industry and the number and type of participants in it, according to industry consultant and property finance lawyer Peter Faludi.

“Although there was widespread support for the concepts to be used in the reforms, there has been little or no commentary on the potentially significant adverse consequences of the reforms for developers, purchasers and financiers,” Faludi said.

Faludi said a lot of details are missing from the bill including the types of buildings and the documents required to accompany the declarations.

“Further details will become available when the regulations are released,” Faludi said.

“The proposed changes will result in additional costs being incurred by developers, designer and building practitioners.

“The current uncertainty as to the timing, scope and nature of the proposed changes will make it harder for developers to proceed with high-rise residential developments.”

Faludi said it would be interesting to see how the bill would affect the future of high-rises in NSW particularly for smaller developers who could be deterred by, or unable to comply with, processes.

Via UrbanDeveloper







Get our enews

Design and development news that comes to you






                 

Bluethumb Art Prize - meet the judges and enter today!

With entries for the 2020 Bluethumb Art Prize closing in a week, let’s meet the judges who are ...

Coming full circle: next step in sustainable furniture

As part of the Dezeen x Planted collaboration during London Design Festival, furniture brand Benchmark showcased its latest ...

Carbon Neutral construction: Good for environment and wallet

They say money doesn’t grow on trees, but it’s definitely proven profitable to focus on carbon neutral and ...

Construction output building back up post-COVID

A new report by Oxford Economics shows construction output in the US, UK, Canada, New Zealand and Australia ...

  MORE  

Stay connected to the SPEC

Join our reader network by signing up to our weekly newsletter and receive design and development news straight to your inbox










© 2018 Universal Media Co. All Rights Reserved. Privacy Policy. Terms of Service. The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Universal Media Co.