Today we look at a New Zealand newspaper that is reporting on the impending or already begun, housing price crash in Australia. While 50% mighty sound excessive, when limited to apartments and when measures over a few years it doesn’t appear to be that outrageous.
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 was from Australian sources?
In Sydney’s Opal
Tower, 169 apartments remain empty almost four months after evacuation
I look at an article from UNSW outlining a new ARC Linkage Grant project that aims to address the severe and growing concern about building quality issues in the multi-unit housing sector. I wonder if they will look at the procurement methodology for all of the buildings they review?
I look at an opinion piece by Jimmy Thomson from the Australian Financial Review with advice about finding the perfect Apartment Block. Given the drop in consumer confidence following Opal Tower everyone is going to be extra vigilant.
I look at the Elara Apartment disaster in which owners have an estimated $19 million repair build due to shoddy construction work. Opal Tower is shining a light on questionable construction practices in Australia, but sadly owners seem to be the people paying.
Elara apartment owners lose Federal Court compensation bid
I look at WSP’s response to the Final Report regarding the Opal Tower Failure. Looks like the project was procured via a design and construction methodology with changes made to the approved engineering design.
The final report of the Opal Tower Investigation has been released and we look at an initial ABC article. The good news is that Opal is bringing the systematic failures in our construction industry to light.