If you are buying a unit in Richmond, strata health is one of the most important due-diligence signals available. The data here shows the number of buildings in Richmond 2753 with open building orders or defect notices, a measure of how much of the suburb's unit stock has known structural, fire-safety, or waterproofing problems that the owners corporation has not yet rectified.
NSW introduced the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 in response to high-profile defect scandals in Sydney. Under this legislation, the Secretary of Planning can issue prohibition orders on buildings with serious defects before occupation. If Richmond has a significant new-build pipeline, check whether any buildings in 2753 are subject to a prohibition order on the NSW Planning Portal before making an offer.
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