Tag: Real Estate

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

Economy Housing Crash

Have Housing Prices hit the floor?

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

#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 […]

Tags Cash Rate, Housing, Housing Prices, Interest Rates, Price Crash, Price Drop, Property, Property Valulation, Real Estate

Construction Economy

Unit Developer Ralan Group Collapses

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

#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 […]

Tags Apartments, Australia, Buying off the Plan, Construction Issues, Defects, Development, Economic Issues, Investment, Mascot, Opal, Property, Ralan Group, Real Estate, Recession, Sydney, Unit Development

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

Construction

Avoiding the next Mascot or Opal

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

#MascotTowers #Construction #Evacuated Let’s look at and discuss some suggestions for buying a lemon and how one can avoid the next Opal or Mascot Towers. References

Construction

Zetland Apartment Evacuation

Post author By Heise Says
Post date 10/07/2019

Zetland #Construction #Evacuated It has come to light that luxury loft apartments in Sydney have been evacuated and a currently sitting empty. While I understand why people can’t be expected to live in buildings that present a life safety risk, the number of buildings with serious defects points to systematics issues in the industry. I […]

Tags Apartment Living, Architecture, Defects Liability, Design, Development, Dilapidation Report, Empty, Failure, Fire Safety, NSW, Property Managers, Real Estate, Slab, Structure, Water Damage, Zetland

Construction Mascot Towers

Mascot Towers Dilapidation Report

Post author By Heise Says
Post date 06/07/2019

#MascotTowers #Construction #Evacuated The Dilapidation Report of Mascot Towers prepared to protect the interests of the Peak Tower Developer has been released to the public. Let’s have a look at the report and make note of the damage that existed at Mascot Towers prior to the commencement of any construction at Peak Towers. References Mascot […]

Construction Economy Mascot Towers Peak Towers

Bayside Council Releases All Mascot and Peak Towers Information

Post author By Heise Says
Post date 05/07/2019

#MascotTowers #PeakTowers #Evacuated Bayside Council has released all of its information concerning Mascot Towers and neighbouring Peak Towers. They should be commended for releasing this information to the public and we should all lobby to make this standard practice to ensure consumers have access to as much information as possible. References Mascot Towers and Peak […]