The boss of Mirvac calls for the lifting of building standards

Mirvac's Executive Director Susan Lloyd-Hurwitz called for improved building standards, according to a Sydney Morning Herald report.

The construction industry has been plagued by serious fires in which tenants have evacuated poorly constructed apartment buildings, prompting calls for reform.

According to Lloyd-Hurwitz, it is particularly urgent to raise the level of building standards in the country.

It is "unacceptable" for families buying or renting apartments in good faith to be left homeless, facing years of legal battles and costly repairs to buildings, she said .

"It's a scandalous situation because people have bought them in good faith and now have to fight in court. This violation of faith is more than just a transaction that went wrong. These houses represent the savings and dreams of Australians who have invested their future in these homes, "she said.

People should know that their homes are built safely and if something goes wrong they will have support and remedies, said Lloyd-Hurwitz.

Mirvac took advantage of the crisis as customers sought better-known brands while slowing down the market, she said.

"Despite a difficult market, our sales were sustained throughout the year and we achieved our settlement goal. We do not expect a significant improvement in confidence in the residential sector until the end of 2020 and until 2021, "she said.

According to the report, Mirvac announced gross profit of more than $ 1 billion for the fourth year in a row, allowing the company to meet its expectations.

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