A Queensland Builder has gone bust owing creditors over $4 million dollars.
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Vystal Construction Goes Under
Category: Construction
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Building Approvals Rise
While building approvals were up in December they are down over 19% year on year.
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Building Approvals Plunge
Building approvals have plunged by over 8% on a seasonally adjusted basis. Not a confident sign for the economy.
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Dodgy Builder Still Operating
Builder licensing isn’t stopping dodgy operators.
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Student Accommodation Cladding Fire
#Cladding #Fire #HeiseSays Student accommodation at The Cube on Bradshawgate in Manchester suffered from a raging cladding fire. References 40 fire crews tackle flames ‘crawling up cladding’ at student flats http://mgoboard.com.au/wp-content/uploads/2016/08/NCC2016-BCA-Guide.pdf
#Construction #BuildingCommission #HeiseSays Calls are being made for an Independent Building Commission to address the construction issues in NSW. References NSW parliamentary committee report calls for independent building commission to fix construction industry https://www.abc.net.au/news/2019-11-13/nsw-report-calls-for-independent-building-commission/11700732?section=business
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Dwelling Approvals Down 21%
#Construction #Property #HeiseSays Dwelling approvals have dropped over 21% when compared to this time last year. References
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Hard Rock Hotel Collapse
#Construction #Collapse #HeiseSays The Hard Rock Hotel in New Orleans. References Cranes exploded, city hopes to finally retrieve two bodies stuck in Hard Rock Hotel ruins https://www.washingtonpost.com/nation/2019/10/20/new-orleans-officials-prepare-blow-up-two-giant-cranes-site-deadly-hard-rock-hotel-collapse
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Construction Sector Decimated
#Construction #Economy #HeiseSays Australia’s construction sector is slowing down and may decimate the job sector. Once again the RBA was surprised. References ‘Jobs will be lost’: Construction slowdown to leave thousands unemployed https://www.news.com.au/finance/work/careers/jobs-will-be-lost-construction-slowdown-to-leave-thousands-unemployed/news-story/4c43923160ce3c0d5327ff0103abe1c4?fbclid=IwAR2QFIH4si-udcnd3RKZBLgqLKMUXLrTDN7od7sjCl17HCldX_4c1u2NjUQ https://s3-ap-southeast-2.amazonaws.com/sua-gateway-files/Digital-Foundations-media-release-version-1.2.pdf
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Hidden Flammable Cladding
#Cladding #Flammable #HeiseSays Landlords are not informing their residents of tenants of flammable cladding risks and the government isn’t releasing the data. The Market can’t respond if we don’t let it. References Residents ‘kept in the dark’ about fire risk of buildings as audit reveals flammable cladding dangers https://www.abc.net.au/news/2019-10-11/flammable-cladding-fears-in-adelaide-apartment-buildings/11595868