Opal Tower Builder, Icon, has won an important legal battle with their insurance providers.
Cracking has been reported at the carpark of the Revesby Workers’ Club.
#MascotTowers #Defects #HeiseSays New cracks have been discovered at Mascot Towers. References https://www.abc.net.au/news/2019-10-15/mascot-towers-warnings-of-structural-failure/11604326
#Construction #Reinforcing #HeiseSays 1100 building in New Zealand has missing reinforcing of structural issues. References Widespread defective or missing concrete or reinforcing steel revealed https://www.rnz.co.nz/news/national/400919/widespread-defective-or-missing-concrete-or-reinforcing-steel-revealed?fbclid=IwAR2twuuUTM6PH30KhMjoivOOC1nA3rPifC8R1M7pYngYEGAP_SP9PJltn-0 A tale of two steels: Auckland’s Seascape vs Wellington’s Dixon St project https://www.rnz.co.nz/news/national/378085/a-tale-of-two-steels-auckland-s-seascape-vs-wellington-s-dixon-st-project
#MascotTowers #Construction #Economy #HeiseSays Owners of the troubled Mascot Towers are facing a potential bankruptcy over a difficult funding decision. References Mascot Towers residents given two ‘very bad’ options after building failure https://www.smh.com.au/national/nsw/mascot-towers-residents-given-two-very-bad-options-after-building-failure-20191009-p52z0e.html
#Mascot #Construction #Repair Over a third of Mascot Towers Owners cannot afford their $60k repair bill and because of thermal loading on the building in summer, time is running out. Should the state government step in and help these people or is this an example of Caveat Emptor? References Many Mascot Towers owners can’t pay […]
#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 […]
#OpalTower #Construction #Insurance Opal Towers’ Insurance premiums have increased 20 time and agents are telling us that Buying off the Plan is still in demand! References Opal Tower builder agrees to pay $1.7m insurance https://www.afr.com/property/residential/opal-tower-builder-agrees-to-pay-1-7m-insurance-20190731-p52ci6 Opal Tower fiasco unlikely to dent off-the-plan sales, agent tips https://www.realestatebusiness.com.au/breaking-news/18799-opal-tower-suit-unlikely-to-dent-off-the-plan-demand
#OpalTower #Construction #ClassAction The owner’s of Opal Tower have launched a class-action lawsuit against the Sydney Olympic Park Authority (SOPA). This case will certainly be an interesting precedent, particularly if the government pursues cross-claims. References Opal Tower unit owners launch multi-million-dollar class action against NSW State Government https://www.abc.net.au/news/2019-07-29/opal-tower-class-action-suit-by-owners-sydney-olympic-park/11354562
#Zetland #Construction #Evacuated Let’s look at the drawings for the Zetland Lofts and discuss some of the issues that could arise from the box gutter design.