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Warning NSW construction crisis fix is still two years away


10 February 2020 The NSW Building Commissioner has warned a major fix to the state's residential construction crisis is two years away, as fresh cracks emerged in Sydney's troubled Mascot Towers apartment block. In an interview with the Herald, David Chandler admitted he had been "a bit despondent" after visiting some "pretty awful" construction sites in recent weeks. "There are some really regrettable things out there that abhor me," he said. "We'll [...]

Warning NSW construction crisis fix is still two years away2020-09-21T22:15:35+10:00

Unit Dwellers Powerless to Stop Electricity Rip-Off


29 December 2019 People living in apartments are being treated as “second class citizens” by paying more for electricity after the state government abandoned plans for reforms which would have saved people thousands of dollars on power bills. The NSW government is being blasted for allowing developers and electricity providers to continue to run monopolies in new buildings. Owners Corporation Network's Karen Stiles said the government had let down unit owners. [...]

Unit Dwellers Powerless to Stop Electricity Rip-Off2020-10-06T22:14:44+11:00

‘Opal’ Law to Fix the Shonks


29 December 2019 Developers and builders who have been "red flagged" will not be able to sell high-rise apartments without a new mandatory inspection. It is a move the state government desperately hopes will avoid a repeat of the Opal Tower and Mascot Towers defective building debacles. The inspections are part of an interim measure to prevent homebuyers from being stuck with a poor quality apartment. The Daily Telegraph Linda Silmalis [...]

‘Opal’ Law to Fix the Shonks2020-09-21T22:16:18+10:00

Taxpayers paid $200m last year to prop up government fund against dodgy builders


18 December 2019 Taxpayers forked out more than $200 million last year propping up a NSW government insurance fund that offers consumers protection against dodgy builders in an industry so broken that private insurers have fled the market. And in an effort to bring taxpayer liabilities that have topped $600 million under control, the Government has proposed that compulsory insurance premiums on some new homes and renovations will almost double within [...]

Taxpayers paid $200m last year to prop up government fund against dodgy builders2020-08-31T17:16:18+10:00

One year on, Opal Tower still a construction zone


18 December 2019 On Christmas Eve last year, Jenny (not her real name) carried her baby down to the ground floor after being told to evacuate Opal Tower, moments after she heard a loud bang while she was in her apartment. "They told us all to "back off, back off"," she said. "The police said the building was going to fall down and that we had to walk away from the building." [...]

One year on, Opal Tower still a construction zone2020-08-31T17:16:23+10:00

Small business flattened by ‘dodgy’ builders in phoenixing epidemic


17 December 2019 NSW construction companies collapse at levels not seen elsewhere in the country with more criminal misconduct allegations made against them than in other states. Administrators found evidence of wrongdoing in 561 construction industry businesses that failed in NSW in 2017-18, reflecting a pattern of "phoenixing" that is difficult to prosecute because it is not illegal in all cases. Illegal "phoenixing" occurs when company directors move assets from one [...]

Small business flattened by ‘dodgy’ builders in phoenixing epidemic2020-09-21T22:17:30+10:00

‘Six-year nightmare’: Shattered investors left with no one to sue for faulty units


16 December 2019 A "defective" business model that experts say has reached epidemic levels in the NSW building industry is leaving investors financially broken. Aidan Ellis, 75, was stunned when the developer and builder of his apartment block could "walk away scot-free" after his companies went into liquidation midway through a battle over defects estimated to be worth in excess of $2 million. The "six-year nightmare" has forced Mr Ellis into [...]

‘Six-year nightmare’: Shattered investors left with no one to sue for faulty units2020-08-31T17:16:34+10:00

Builder blames engineer for cracks in Opal Tower


4 December 2019 Builder Icon has pointed the finger at engineer WSP for the structural cracks that developed in Sydney's Opal Tower. It says the consultancy's design failures led to damage in the structural beams, which forced residents to evacuate the newly completed residential building and has made the units hard to lease. The Australian Financial Review Michael Bleby > Full article on The Australian Financial Review

Builder blames engineer for cracks in Opal Tower2020-09-21T22:17:42+10:00

New laws to protect off-the-plan buyers


1 December 2019 NSW home buyers who purchase off-the-plan will be able to terminate contracts or claim compensation if they're materially impacted by changes made to their properties, under proposed changes announced by the state government. Property Minister Victor Dominello on Saturday announced the reforms aimed at creating stronger protections for off-the-plan buyers. "Buying off-the-plan has become increasingly popular. But there are risks involved, and buyers can't just rely on lavish [...]

New laws to protect off-the-plan buyers2020-08-31T17:17:11+10:00

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