Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
What's changing in Richmond — recent local signals
2026-09-30 — Development site — listing's own words: "STCA" (11 Hull Street, Richmond, Vic 3121) (listing rea-152348108 (rea), first seen 2026-09-30)
2026-09-29 — Development site — listing's own words: "STCA" (36 Adam Street, Richmond, Vic 3121) (listing rea-151923896 (rea), first seen 2026-09-29)
2026-09-27 — Development site — listing's own words: "STCA" (193 Mary Street, Richmond, Vic 3121) (listing rea-152287924 (rea), first seen 2026-09-27)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.