Heise Says
#Housing #Australia #RealEstate Claims are being made that a small turn around in the Australian Housing market signals an end to the downturn and a return to booms times. I would argue for a more cautious approach. References Australia’s Housing Market Is Suddenly Heating Up Againhttps://www.bloomberg.com/news/articles/2019-08-07/all-of-a-sudden-australia-s-housing-market-is-heating-up-again?srnd=premium-asia
#Australia #Development #Construction Let’s critique the Socialist Party of Australia’s response to the decline in construction confidence. The idea of nationalising dodgy developers is really going to socialise the loss. References
#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
#RealEstate #OffPlanPurchase #NewZealand A student has lost $60k purchasing an apartment off the plan because she is unable to obtain funding at settlement. Sadly people need to learn that prices do not always go up. References Sugartree apartment buyer decries $60k deposit loss, developer says ‘hard lesson to learn’ ‘Sadly, the agent was my mum’ […]
#Sydney #Investment #Property Due to increasing vacancy rates, Sydney rental returns have plummeted and become a tenants market. But surely it’s still a great time to rush and buy off the plan! References Sydney becomes tenant’s dream as rental vacancies at highest level since 2005https://www.perthnow.com.au/lifestyle/real-estate/sydney-becomes-tenants-dream-as-rental-vacancies-at-highest-level-since-2005-ng-aaff1c8db20e6fe1d991ea82e3946434 Domain Rental Vacancy Rate May 2019: Tide turning in Brisbane […]
#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 […]
#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne making loud creaking noises due to incorrect construction techniques. A foreshadowing? References https://www.theage.com.au/national/victoria/incorrect-construction-techniques-behind-loud-creaking-in-melbourne-high-rise-20190730-p52c5q.html?fbclid=IwAR131U_EP5r2uBJ74btWgV1Gzn2zxGKaLyMEVno6u-58lQctM7SNVJtTdks
#RalanGroup #Employment #Recession It appears that the Ralan Group may have spent the deposits of people who purchased off the plan. References Most off-plan deposits for Ralan units ‘have been spent’ https://www.realestate.com.au/news/most-offplan-deposits-for-ralan-units-have-been-spent/
#Housing #RealEstate #Property The media is arguing that housing prices “have hit the floor” due to a 0.1% month on month increase in national prices. At the same time, the US has decreased interest rates, which will have an effect on our largest trading partner, a huge Sydney developer has gone bust and Australian’s are […]
#RalanGroup #Development #RalanCollapse Sydney Unit Developer Ralan Group has collapsed, entering voluntary administration, with $500 million worth of outstanding debt. With unfinished projects, one has to worry about how this will affect tradies, material suppliers and people who have purchased off the plan. References Major Sydney unit developer The Ralan Group collapses during apartment downturn […]