claddng apartment
Image – Canva.
  • 50 strata communities have applied for the program
  • 214 buildings are currently eligible for the program
  • A free TAFE NSW course about the program is available for strata committees

Earlier this year, the Minister for Better Regulation and Innovation, Kevin Anderson, announced details about Project Remediate, which provides interest-free 10-year loans to owners corporations to facilitate the removal of high-risk cladding in a quick and safe manner.

This week, Mr Anderson announced that 50 strata communities have registered for the program so far, although 214 buildings are deemed eligible for the program.

“It’s great to see so many lot owners, strata communities and managers have already taken up the offer to be involved in our program, and I’d like to see that number quadruple in the coming weeks,” Mr Anderson said.

“We’re on track to commence assessment and project design for the first batch of 30 buildings by July this year, with the first cladding removed later this year.”

Kevin Anderson, Minister for Better Regulation

Under the $139 million program, those who register will have an assessment of their building and a remediation design prepared before they can decide whether to commit to the work.

“I encourage all those who are eligible to act now and register. Registering will start the process to have your building assessed and a design prepared – there is no obligation or commitment involved by registering,” reiterated Mr Anderson.

New resources have been launched by the NSW government to better educate strata communities about what is involved in the project. This includes a free course via TAFE NSW which explains each stage of the project to start managers, committees and lot owners.

Since February, Victoria has had a ban in place for specific flammable aluminium composite panels within type A and type B buildings.

You May Also Like

The essential property drivers that demand attention in 2024

2024 will be a significant year for property markets, but buyers must be alert to particular factors.

Housing crisis deepens for low-income Australians

A new report has found there are virtually no affordable rental properties in Australia for people on low incomes.

Sydney in “sweet spot” for investors

Herron Todd White‘s latest Month in Review reveals unique conditions could benefit investors