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First Home Buyers are rushing buy Off-The-Plan Apartments.
Buyers are being shocked with changes to their off-the-plan apartment purchases.
#Property #RealEstate #HeiseSays Apartment caretake contracts are creating the potential for corruption. References https://mobile.abc.net.au/news/2019-10-20/markets-buying-risk-but-has-global-economic-conditions-improved/11618474?section=business
#Property #RealEstate #HeiseSays Investor Confidence is apparently growing. References Low rates, strong rental yields boosting investor confidence in Qld
#Property #RealEstate #HeiseSays Off-the-plan Apartments are losing their value in record numbers. References Majority of off-the-plan apartments worth less than purchase price, data shows https://www.abc.net.au/news/2019-10-21/majority-of-off-the-plan-apartments-worth-less-than-bought-for/11613256?fbclid=IwAR0z4c7meB5OaFftnrT-Im2lFdxQVIjZNae3QkLpkb1PDAta9M6sTQOTbAw
#MascotTowers #Construction #Repair The Mascot Tower Repair bill is now estimated to be between $10,000,000 and $20,000,000. This means that unit owners may be required to pay up to $100,000 each in an environment in which the banks won’t lend to them. We need to start thinking about alternative approaches and solutions to the issues […]