Heise Says
#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/
#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
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
#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
#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
#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
#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
#Stimulus #Economy #Spending With calls for a return to Rudd era direct government stimulus, it is worth looking at the broken window fallacy and asking whether our current housing affordability crisis may be in part to blame on Rudd? Reference Australia’s Uncreative Destruction https://mises.org/library/australias-uncreative-destruction
#SolarPower #Energy #PowerPrices Output at several solar farms in Australia has been slashed due to grid issues with the grid. When consumer confidence in renewables take a hit? References Voltage fears force AEMO to cut solar farms output https://www.theaustralian.com.au/business/mining-energy/voltage-fears-force-aemo-to-cut-solar-farms-output/news-story/f8685110f37e308a7523dd767acd226b https://www.aemo.com.au/aemo/apps/visualisations/map.html
#Education #Australia #NAPLAN Recent NAPLAN test results have shown a decrease in education outcomes for Australia students. So naturally, we need to change the test? References NAPLAN results spark further calls for overhaul of student testing system https://www.abc.net.au/news/2019-08-28/naplan-results-further-calls-for-overhaul-of-tests/11454966 Australia scores overall average in latest UNICEF OECD ranking on child well-being, falling behind in quality education […]