Defective high rises falling through cracks in warranty

Owners of newly-minted high rise apartments have been exposed to financial ruin through a major loophole in the state’s building warranty scheme, experts say.

The Queensland’s Building and Construction Commission (QBCC) Home Warranty Scheme, only covers new homes, townhouses or multiple-unit dwellings, no higher than three storeys.

Even though multistorey complexes (four storeys or higher) are residential developments, they are not covered, leaving the body corporate to fix, or pursue a…