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Opal Tower Builder, Icon, has won an important legal battle with their insurance providers.
#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 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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Mascot Towers Owners Face Bankruptcy
#MascotTowers #Construction #Evacuated As Owners of Mascot Towers face bankruptcy because they might have to wait a year to access their apartments, it has been revealed that the owner’s corporation had previously accepted $750k in 2015 from the builder to waive any responsibility for ongoing defects. If you bought an apartment in Mascot a couple […]
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Is Mascot Towers Sinking?
#MascotTowers #Construction #Evacuated The media is reporting that the Mascot Towers is sinking on the northern and eastern elevations. Let’s look at the neighbouring building to get a better understanding of the situation. Engineers record alarming downward shift at Mascot Towers https://www.theaustralian.com.au/nation/engineers-record-alarming-downward-shift-at-mascot-towers/news-story/b23d2d0c32962c5fb0441575525b9a68 Mascot Towers ‘moving downward’ according to engineer https://www.news.com.au/national/nsw-act/news/mascot-towers-moving-downward-according-to-engineer/news-story/a6350a5320f15912d1012b5c5195fe1d Olsson and Associates https://www.planningpanels.nsw.gov.au/DevelopmentandPlanningRegister/tabid/62/language/en-AU/Default.aspx
#MascotTowers #Construction #Evacuated Comments have been left online critical of the Mascot Tower Strata committee claiming that previously reported cracking was not addressed. While I don’t envy anyone still on a strata committee, does this sector also need to be looked at are reviewed? Perhaps with independent professional required to advise or take part in […]
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The BDA’s response to Mascot Towers
#MascotTowers #Construction #Evacuated Let’s look at the Building Designers Association of Australia’s response to Mascot Towers. Another professional organisation calling for professional registration. While registration will certainly provide additional consumer protection, it is not the panacea our construction industry needs. References ‘Better registration’ needed in the construction sector
#MascotTowers #Construction #Evacuated Let’s look at Engineers Australia’s response to the recent Mascot Towers failure. Am I the only one cynical that organisations who would benefit the most from progressional registration are calling for professional registration? References https://www.medianet.com.au/releases/176434/
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Mascot Towers Unit Price Plunge
#MascotTowers #Construction #Evacuated Units at the troubled Mascot Towers have now crashed in price, with real estate agents recommending pulling properties from the market until the extent of repair work is determined. My Kit Rodes Podcaster – https://amzn.to/2IfOEVV Logitech C920 HD Webcam – https://amzn.to/2Kh6UR5 Rode PSA1 Swivel Mount – https://amzn.to/2WI2DNl Read More: Why Buildings Stand […]