Introducing an “abandonment trigger” could help as many as 570 customers a year who are currently unable to make claims.
Moving the Victorian Building Authority back into the state planning department is one of the options being discussed to resolve concerns about the troubled regulator.
Victoria’s housing minister failed to boost consumer protections despite receiving advice about reducing the risks for home building customers eight months before one of the state’s largest home builders collapsed.
A number of home builders in Victoria were failing to obtain insurance before taking customers’ deposits,according to industry insiders and affected clients,who say the practice extends beyond Porter Davis.
Premier Daniel Andrews said a bailout plea by the collapsed home builder was refused because the business was not worth saving.
Bricklayers,cleaners and subcontractors employed by construction giants are heartbroken and out of pocket after the collapse of Porter Davis exposed a looming industry crisis.
Insurance Australia Group says premiums are set to keep rising steeply for at least another year as it passes on higher costs.
The flooding comes after insurers’ budgets for natural disasters have been repeatedly exceeded in recent years:last year’s East Coast flooding was the most expensive natural disaster for insurers in Australian history.
A NSW program will provide scientifically proven advice on how best to protect homes against climate change and extreme weather.
Dozens of Perth homeowners are being forced to rip out and re-do their plumbing only two years after moving in due to pipes bursting,flooding and mould.
This year’s east coast floods were the second-most costly natural disaster in the country’s history,causing almost $5.3 billion in insured losses.