Tag: Opal Tower

The Opal Tower Defects Bill

Post author By Heise Says
Post date 30/08/2019

#OpalTower #Defects #Construction Icon construction only allocated $1 million for defects in Opal Tower. An insufficient amount given that Icon has reportedly spent $24 million already. References Opal Tower builder Icon put aside $1 million for building defects but has spent $24 million so farhttps://mobile.abc.net.au/news/2019-08-28/opal-tower-developer-icon-reveals-24-million-spent-on-repairs/11452742?pfmredir=sm&sf218208758=1 Opal Tower built on ‘bargain basement prices’ — say subcontractorshttps://www.news.com.au/finance/business/other-industries/opal-tower-built-on-bargain-basement-prices-say-subcontractors/news-story/a55d5c6bc396a013f4e82b38252d5890

Tags Australian Construction, Class Action, Construction, Evacuation, Lawsuit, Opal, Opal Tower, Sydney, Sydney Construction

Construction Mascot Towers

Mascot Towers Owners Lifelong Repair Debt

Post author By Heise Says
Post date 15/08/2019

#MascotTowers #Cracking #Construction The Owners from Mascot Towers are facing the prospect of a lifelong repair bill. While they are calling upon the state to step in, I want to ask if it was possible for new purchasers to identify the construction issues. Could a building dilapidation and pest inspection have identified these issues? References […]

Tags Construction, Construction Costs, Construction Defects, Cracking, Evacuation, Macot, Opal Tower, Repair Bill, Repairs, Towers

Construction Economy

Apartment Demand Crashes

Post author By Heise Says
Post date 15/08/2019

#Development #Apartments #Australia Developers are admitting that demand for Apartments is waining as buyer become warier following recent defect issues in the media. References Australia’s top developers acknowledge impact on potential buyers after Opal, Mascot Towers apartment defect news https://www.domain.com.au/news/australias-top-developers-acknowledge-impact-on-potential-buyers-after-opal-mascot-towers-apartment-defect-news-869967/

Tags Apartments, Australia, Demand, Development, Development Demand, Mascot Towers, Opal Tower, Product Demand, Property, Sydney

Construction NSW Parliamentary Inquiry - Regulation of Building Standards

NSW Parliamentary Inquiry – Regulation of Building Standards (RAIA Submission)

Post author By Heise Says
Post date 14/08/2019

#Construction #NSW #Inquiry The New South Wales Parliamentary Inquiry into the Regulation of Building Standards, Building Quality and Building Disputes is underway, let’s look at the Terms of Reference and the submission by the Royal Australian Institute of Architects. References Regulation of building standards, building quality and building disputes https://www.parliament.nsw.gov.au/committees/inquiries/Pages/inquiry-details.aspx?pk=2540#tab-members No. 129 Australian Institute of Architects […]

Tags Construction, Construction Issues, Evacuation, Inquiry, Legislative Assembly, Mascot Tower, NSW, Opal Tower, Parliament of New South Wales, Regulation

Opal Tower

Opal Tower Court Case Delayed

Post author By Heise Says
Post date 09/08/2019

#OpalTower #CourtCase #Australia The Opal Tower class action lawsuit has been delayed by 42 days due to the complexity of the class-action lawsuit. Let’s look at the Judges concerns and the portions of the Home Building Act that would be relevant to this case. References https://www.abc.net.au/news/2019-08-09/sydney-opal-tower-class-action-lawsuit-proceedings-delayed/11398794

Tags Australian Construction, Class Action, Construction, Evacuation, Lawsuit, NSW, Opal, Opal Tower, Sydney, Sydney Construction

Real Estate

Sydney Apartment Owners Encouraged to Sell

Post author By Heise Says
Post date 08/08/2019

#RealEstate #Sydney #Property Property Analysts are encouraging apartment owners to sell because of recent issues in the construction sector. Simply scaremongering or sound advice? References

Tags Apartments, Marketing, Mascot Tower, Opal Tower, Property, Real Estate, Real Estate Sale, Sale, Sydney, Zetland

Opal Tower

Opal Towers’ Insurance Increase and Buying off the Plan

Post author By Heise Says
Post date 01/08/2019

#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

Opal Tower

Opal Tower Owner’s Class Action

Post author By Heise Says
Post date 29/07/2019

#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

Construction

Looking at the Zetland Lofts Drawings

Post author By Heise Says
Post date 12/07/2019

#Zetland #Construction #Evacuated Let’s look at the drawings for the Zetland Lofts and discuss some of the issues that could arise from the box gutter design.

Construction

Inside the Zetland Lofts

Post author By Heise Says
Post date 11/07/2019

#Zetland #Construction #Evacuated Let’s look inside the Zetland Lofts in order to get a better understanding of the issues facing the owners and occupants. Unfortunately, this isn’t a simple problem. References