Tag: Opal Tower Empty

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Opal Tower

Opal Towers’ Insurance Increase and Buying off the Plan

#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

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Opal Tower

Opal Tower Owner’s Class Action

#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

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Political Commentary

Opal Residents are still waiting

#OpalTower #Construction #Australia Opal Tower Residents are still waiting to access the homes, with over half of the buildings dwellings still uninhabitable since Christmas. While we need to look at legislation and regulation the best advice for consumers would be to not buy off the plan and wait. Don’t pre-purchase your home. HeiseSays Video’s Reference […]

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Construction

Opal Tower Still Empty and Australian’s off the Sirius Tender

#Opal #Sirius #Tender Process Today we look at the 169 apartments empty Apartments in Opal Tower. Then we look at the tender process for the development of the $500 million Sirius public housing block in NSW. Why are there no Australian backed groups? Wouldn’t the multiplier effect be greater if the funding for the project […]