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Business

Luke Costin

Apartment buyers warned over defect cover

Evacuations of the Opal Tower and other residential complexes prompted a new star rating system. (Paul Braven/AAP PHOTOS) (AAP)

People in the market for a new apartment are being urged to steer clear of developers lacking a star rating or defect insurance, four years after the mass evacuation of a cracked apartment tower in Sydney.

The Opal Tower in Sydney Olympic Park was emptied on Christmas Eve 2018 after cracks discovered in the 36-storey building sparked fears it could collapse.

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