Categories
Economy Real Estate

Predictions of an Apartment Shortfall

#Property #RealEstate #HeiseSays An apartment shortfall is being predicted based on advertising data. Once again I am sceptical. References Slump in new apartment projects means shortfall in 2021

Categories
Economy Property

Worst Property Market in Decades

#Property #RealEstate #HeiseSays REA is claiming that the end of the property boom was manufactured. References https://www.smh.com.au/business/companies/about-as-bad-as-it-can-get-rea-boss-bemoans-worst-market-for-property-in-decades-20191108-p538ow.html?fbclid=IwAR3UM5jA4C94d67mb3GgVYiBCfXFna6JSrWPb5uCXbzGwRJJl6KajtGhx_E

Categories
Australia 108 Property

Luxury Apartments Dropping 25%

#Property #RealEstate #HeiseSays Off-The-Plan apartments at Australia 108 have plunged in value by up to 25%. References ‘Stupidity’: Buyer rues overpaying for apartmenthttps://www.afr.com/property/residential/my-own-stupidity-buyer-rues-overpaying-for-australia-108-apartment-20191106-p537tk?&utm_source=facebook&utm_medium=social&utm_campaign=nc&eid=socialn:fac-14omn0053-optim-nnn:nonpaid-25/06/2014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_facebook&fbclid=IwAR2RHfmc4N00yhv14g7Cg1Eo3rXBmH1klyc25BFpepHcoLrlfpah2hNBqzQ

Categories
Real Estate

Faking Auction Clearance Rates

#Property #RealEstate #HeiseSays Advertised Auction Clearance Rates are much higher than the formula Domain claim to use. Let’s jump into Excell and find out what the real Auction Clearance Rate should be. References https://www.domain.com.au/auction-results/sydney/

Categories
Water

New NSW Dam Construction

#NSW #DAMs #HeiseSays New South Wales is planning to build its first dam in 37 years. References PM ‘loves premiers who want to build dams’ https://www.canberratimes.com.au/story/6435181/pm-loves-premiers-who-want-to-build-dams/?cs=14264

Categories
Economy

Australian Asset Recycling

Australia #AssetRecycling #Infrastructure #HeiseSays Calls for Asset Recycling are becoming louder. Will we learn from the past? References https://www.investopedia.com/terms/p/public-private-partnerships.asp Josh Frydenberg rejects state push to bring back asset recycling https://www.theaustralian.com.au/nation/josh-frydenberg-rejects-state-push-to-bring-back-asset-recycling/news-story/2147b64f5c81d6062d87450bec7acb98 Asset recycling may look new and exciting. But it’s the last gasp of a failed model https://www.theguardian.com/commentisfree/2017/jun/07/asset-recycling-may-look-new-and-exciting-but-its-the-last-gasp-of-a-failed-model

Categories
Construction Otto Rosebury

Otto Rosebery Balcony Defects

#OttoRosebury #Balcony #Economy #HeiseSays Balconies at the Otto Rosebury are defective, with the body corporate letting only three people occupy them at a time. References https://www.news.com.au/finance/real-estate/buying/company-behind-opal-tower-fiasco-caught-up-in-new-building-defect-row/news-story/b356707b79f507a377b339a71a5b2f22

Categories
Economy Mascot Towers

Mascot Towers Difficult Choice

#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

Categories
Political Commentary

Construction Industry Collapses

#Economy #Recession #Construction The NSW construction industry is collapsing with the largest number of bankruptcies since 2015. References Stamp duty crash wipes $2.5b from NSW Budget Construction companies in NSW collapsing at record rate as building slowdown biteshttps://www.abc.net.au/news/2019-09-26/nsw-construction-companies-liquidated-in-record-numbers/11512002?section=business Housing fall blows $5.2bn hole in Victorian budgethttps://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751

Categories
Construction Economy

Fire Defects Risking Lives

#Construction #Defects #Fire Fire protection defects might be the next Australian construction issue facing the industry. References Builder claims he was sacked for pointing out fire safety defecthttps://www.theage.com.au/politics/federal/builder-claims-he-was-sacked-for-pointing-out-fire-safety-defect-20190717-p5283f.html?fbclid=IwAR1qxtIcp78k0zdCPUdekxAs_YGBftJVuDQKgRUH-uBGm_565Fu12M5k6bs