Heise Says
#RealEstate #Property #Boom Property in Sydney and Melbourne has gone up. The return of the boom driven by declining confidence in apartments perhaps? https://youtu.be/lATEJtbUhns References House price surge in Sydney and Melbourne drags national index higherhttps://www.abc.net.au/news/2019-09-02/house-prices-surge-in-sydney-and-melbourne/11469744
#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business
#MortgageStress #Retirement #RealEstate More Australians are heading into retirement with years of mortgage payments and stress ahead of them. References Mortgage debt causing older Australians distress and worsening mental health https://www.abc.net.au/news/2019-08-27/mortgage-debt-causing-older-australians-distress-study-finds/11450958?pfmredir=sm
#Property #Rebound #RealEstate Claims of a property rebound in Australia might be premature. References Property market showing green shoots, but is it enough to call it a rebound? https://www.abc.net.au/news/2019-08-26/property-market-showing-green-shoots-but-is-it-a-rebound/11447438?section=business
#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
#Infrastructure #AusPOL #Australia Infrastructure Australia is calling on Infrastructure spending to increase significantly to meet the demands of our population growth. I’m concerned that we are at risk of overheating another section of the economy and might have another series of construction issues like our apartment sector. References https://www.infrastructureaustralia.gov.au/ https://www.abc.net.au/news/2019-08-13/infrastructure-body-says-roads-and-transport-must-catch-up/11407114?section=business
#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
#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne making loud creaking noises due to incorrect construction techniques. A foreshadowing? References https://www.theage.com.au/national/victoria/incorrect-construction-techniques-behind-loud-creaking-in-melbourne-high-rise-20190730-p52c5q.html?fbclid=IwAR131U_EP5r2uBJ74btWgV1Gzn2zxGKaLyMEVno6u-58lQctM7SNVJtTdks
#Construction #Development #Recession Australian Developers are starting to crash and this will have ripple effects throughout the economy. Construction jobs are at risk and yet people are still suggesting we should rush off and buy off the plan? References Construction industry cracks showing as Ralan Group goes under https://www.abc.net.au/news/2019-08-01/construction-industry-cracks-showing-as-major-developer-falls/11374464
#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne apparently has defects with residence hearing loud cracking. Another construction project to keep a track of? References Fears of defects in Melbourne’s tallest tower https://thenewdaily.com.au/money/property/2019/07/26/australia-108-building-defects/