Heise Says
#Mascot #Construction #Repair Over a third of Mascot Towers Owners cannot afford their $60k repair bill and because of thermal loading on the building in summer, time is running out. Should the state government step in and help these people or is this an example of Caveat Emptor? References Many Mascot Towers owners can’t pay […]
#Auction #ClearanceRates #Property Let’s look at the Auction Clearance Rates for the 8th of September 2019. References
#Sydney #Property #RealEstate Sydney housing is predicted to rise this spring season. Will the lack of consumer confidence in apartments drive people to housing? References To buy or not to buy? Australian housing prices set to shift https://www.news.com.au/finance/economy/to-buy-or-not-to-buy-australian-housing-prices-set-to-shift/news-story/42e94e8076362fbe9f296ec6c9023094
#Certification #Burwood #Apartments A Burwood development has been put on hold due to a court order. Let’s look at the potential conflicts of interest that the certifiers could be faced with due to common procurement methods. https://youtu.be/DZVZpgH6LM0 References https://www.caselaw.nsw.gov.au/decision/5d64c6f7e4b0c3247d71168a
#RealEstate #Property #Boom Property in Sydney and Melbourne has gone up. The return of the boom driven by declining confidence in apartments perhaps? https://youtu.be/lATEJtbUhns References House price surge in Sydney and Melbourne drags national index higherhttps://www.abc.net.au/news/2019-09-02/house-prices-surge-in-sydney-and-melbourne/11469744
#RealEstate #Property #Auctions Deric and uninhabitable properties are selling for millions of dollars in Sydney because people want to buy before the coming boom. I have to ask, what could drive a boom in the Australian economy? https://youtu.be/J7sQ3AoNvuc References Collapsing hovels selling for up to $2 million as Sydney auction market turns red hot againhttps://www.news.com.au/finance/real-estate/collapsing-hovels-selling-for-up-to-2-million-as-sydney-auction-market-turns-red-hot-again/news-story/9ebe7550824c356bc7b7186b65cf6317
#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
#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business
#MortgageStress #Retirement #RealEstate More Australians are heading into retirement with years of mortgage payments and stress ahead of them. References Mortgage debt causing older Australians distress and worsening mental health https://www.abc.net.au/news/2019-08-27/mortgage-debt-causing-older-australians-distress-study-finds/11450958?pfmredir=sm
#Property #Rebound #RealEstate Claims of a property rebound in Australia might be premature. References Property market showing green shoots, but is it enough to call it a rebound? https://www.abc.net.au/news/2019-08-26/property-market-showing-green-shoots-but-is-it-a-rebound/11447438?section=business