by the time I have enough money for a deposit I don ' t really want to buy a half century old apartment but at the same time I doubt any of these new apartments are built to a quality to even last half a century . My current apartment was built in 2006 by Lend Lease , one of our fine purveyors of shit quality construction . The problems I ' ve had this year massive leak in the wall under a window , resulting in flooding in the bedroom cost thousands of dollars for the strata committee to rectify Massive exterior renovations , costing nearly $ 1 million , were conducted on the exterior walls due to poor quality waterproofing and other faults . Note this occurred in my part of the building before the leaks in point # 1 , and were not related . so multiple types of serious waterproofing faults gas leak in the cook top electrical fault in one of the lighting circuits exhaust hood over the cooktop broke off and fell down randomly This is what you have to look forward to . and don ' t forget that the protections for ownersstrata committees in terms of building warranties have been massively rolled back under the Liberal government , allowing developers to build even shittier quality with fewer repurcussions .