Let’s look at some Off-The-Plan Propaganda and as the question “Should You Buy Off-The-Plan”?
#Property #RealEstate #OffThePlan Experts are warning people to not risk buying off the plan. References Building expert commissioned to investigate industry warns ‘I wouldn’t buy a new apartment’ https://www.abc.net.au/news/2019-08-19/building-report-author-says-she-wouldnt-buy-new-apartment/11421268?section=business
#RalanGroup #Employment #Recession It appears that the Ralan Group may have spent the deposits of people who purchased off the plan. References Most off-plan deposits for Ralan units ‘have been spent’ https://www.realestate.com.au/news/most-offplan-deposits-for-ralan-units-have-been-spent/
#RalanGroup #Development #RalanCollapse Sydney Unit Developer Ralan Group has collapsed, entering voluntary administration, with $500 million worth of outstanding debt. With unfinished projects, one has to worry about how this will affect tradies, material suppliers and people who have purchased off the plan. References Major Sydney unit developer The Ralan Group collapses during apartment downturn […]