Heise Says
#RealEstate #Sydney #Property Shockingly Sydney Apartments are selling for significant losses. Is it still time to rush out and buy off the plan? References Losses are mounting for sellers in Sydney’s new high-rise buildingshttps://www.news.com.au/finance/real-estate/losses-are-mounting-for-sellers-in-sydneys-new-highrise-buildings/news-story/327c0a8b336ea9228013da3f77607b21
#Development #Apartments #Australia Developers are admitting that demand for Apartments is waining as buyer become warier following recent defect issues in the media. References Australia’s top developers acknowledge impact on potential buyers after Opal, Mascot Towers apartment defect news https://www.domain.com.au/news/australias-top-developers-acknowledge-impact-on-potential-buyers-after-opal-mascot-towers-apartment-defect-news-869967/
#Infrastructure #AusPOL #Australia Infrastructure Australia is calling on Infrastructure spending to increase significantly to meet the demands of our population growth. I’m concerned that we are at risk of overheating another section of the economy and might have another series of construction issues like our apartment sector. References https://www.infrastructureaustralia.gov.au/ https://www.abc.net.au/news/2019-08-13/infrastructure-body-says-roads-and-transport-must-catch-up/11407114?section=business
#RealEstate #Property #SkyRocket Sydney property is apparently set to SkyRocket! Another attempt at inducing FOMO or an accurate prediction for the future? References Home seekers urged to buy Sydney property soon or risk paying a higher price https://www.news.com.au/finance/real-estate/sydney-nsw/home-seekers-urged-to-buy-sydney-property-soon-or-risk-paying-a-higher-price/news-story/a0321a743d1749c04e667508d58df49a Australia’s Housing Market Is Suddenly Heating Up Again https://www.bloomberg.com/news/articles/2019-08-07/all-of-a-sudden-australia-s-housing-market-is-heating-up-again?srnd=premium-asia
#OpalTower #CourtCase #Australia The Opal Tower class action lawsuit has been delayed by 42 days due to the complexity of the class-action lawsuit. Let’s look at the Judges concerns and the portions of the Home Building Act that would be relevant to this case. References https://www.abc.net.au/news/2019-08-09/sydney-opal-tower-class-action-lawsuit-proceedings-delayed/11398794
#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
#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