Heise Says
#Construction #Recession #Australia Australia’s Construction Industry has been contracting for the last 11 months. References About Ai Group https://www.aigroup.com.au/about/ https://cdn.aigroup.com.au/Economic_Indicators/PCI/2019/PCI_Jul_2019_93740d.pdf
#Research #R&D #Australia Australia’s Research and Development investment is stagnating and dropping on a global level. References https://www.brisbanetimes.com.au/politics/federal/not-a-good-sign-australia-s-r-and-d-investment-slips-against-developed-peers-20190826-p52kvd.html
#Construction #Evacuation #Apartment A decade-old apartment building in Mordialloc, Victoria has been evacuated due to fire cladding and life safety risks. This problem is going to continue to grow. References Melbourne apartment block unsafe to live in due to cladding and fire safety, residents told to leave https://www.abc.net.au/news/2019-08-23/cladding-and-mould-forces-residents-out-of-apartment-block/11443976
#Stockland #Profits #SGP Stockland’s profits are down 70% and they are currently halfway through a $1 billion divestment out of the retail sector. A sign that the retail recession is well underway. References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf
#Certification #Construction #Australia The Building Certifier responsible for the Frankston Apartments have been suspended by VBA. While he plans to fight his suspension, looking at some of his previous disciplinary action I’m more worried about the slow response of the Victorian Building Authority. References Building authority suspends surveyor over flammable cladding on Frankston apartments https://www.abc.net.au/news/2019-08-19/surveyor-suspended-over-frankston-flammable-cladding-apartments/11428314?section=business
#Verve #Construction #Newcastle Significant structural issues have been discovered in Newcastle’s tallest building, “The Verve Residences”. I wonder if the repair work due to recent flooding in the building helped in the discovery of these significant issues. I really hope there is no missing concrete in fire-rated walls. References https://www.newcastleherald.com.au/story/6320725/the-verve-and-the-standards-debate/ BOB THE BUILDER TAKES US […]
#MascotTowers #Cracking #Construction The Owners from Mascot Towers are facing the prospect of a lifelong repair bill. While they are calling upon the state to step in, I want to ask if it was possible for new purchasers to identify the construction issues. Could a building dilapidation and pest inspection have identified these issues? References […]
#Construction #NSW #Inquiry The New South Wales Parliamentary Inquiry into the Regulation of Building Standards, Building Quality and Building Disputes is underway, let’s look at the Terms of Reference and the submission by the Royal Australian Institute of Architects. References Regulation of building standards, building quality and building disputes https://www.parliament.nsw.gov.au/committees/inquiries/Pages/inquiry-details.aspx?pk=2540#tab-members No. 129 Australian Institute of Architects […]
#Melbourne #WindorHotel #Planning Approval Victorian Minister for Planning Mr Richard Wynne has refused to extend the planning approval for the Windsor Hotel development. It appears that the Halim group was unable to secure finance for the $330 million dollar project. A sign of the apartment market perhaps? References https://www.theage.com.au/national/victoria/planning-minister-calls-time-on-windsor-hotel-redevelopment-saga-20190809-p52fht.html
#OpalTower #CourtCase #Australia The Opal Tower class action lawsuit has been delayed by 42 days due to the complexity of the class-action lawsuit. Let’s look at the Judges concerns and the portions of the Home Building Act that would be relevant to this case. References https://www.abc.net.au/news/2019-08-09/sydney-opal-tower-class-action-lawsuit-proceedings-delayed/11398794