Property sentiment has collapsed with many predictions of property declines.
#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
#RalanGroup #Collapse #Investing Investors are losing millions of dollars because of the Ralan Group Collapse. Buying off the plan isn’t risk-free. References Chinese-Australian property investors stand to lose millions in collapse of apartment developer Ralan Grouphttps://www.abc.net.au/news/2019-09-17/property-developer-collapse-sees-investors-facing-huge-losses/11492920
#Construction #NAB #Walton NAB is facing a potential $74 million lawsuit from over 1000 creditors for their apparent role in the Walton Construction Collapse. References https://www.abc.net.au/news/2019-09-04/nab-could-face-$74million-suit-over-walton-construction-collapse/11466506?section=business
#PerthBridge #Defects #Construction A pedestrian bridge has collapsed in the Perth CBD. Let’s look at the footage and discuss what happened. References No concrete answer for Perth CBD bridge collapse https://thewest.com.au/news/perth/no-concrete-answer-for-perth-cbd-bridge-collapse-ng-b881227374z