Browse Forums Building Standards; Getting It Right! Re: Beware of cost stripping 23May 29, 2016 8:43 am ![]() Anyone following this thread will find this article, which appeared on the ABC this week, of interest. Apartments off-the-plan carry huge risks for buyers. See link below: http://www.abc.net.au/news/2016-05-26/a ... rs/7449296 Yes Liliana, a fine example of slick marketing pushing greed buttons for a disastrous result. The sobering lesson is that when you are buying anything from a developer you are paying max, all the profit + for all marketing tricks, because they won't miss a trick. So you got to make sure the property is right for you for all the right reasons. On the other hand, investment should always be long term. If purchaser kept his 17M penthouse for 40 years, he would have enjoyed it and made huge capital gain. Example: house in Surrey Hills in 1969= $12000 similar house in 2014 = $1.25M , would it have mattered if purchaser in 1969 overpaid $20,000? Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Fair Trading can issue orders to rectify and complete but once the matter goes to NCAT these orders are automatically vacated. You will have to terminate contract and sue… 21 31230 No one can give you a meaningful answer without looking at your building contract, what happened on site and who designed your house You should get experienced building… 1 10463 ![]() How are you doing Ben? Extremely interested in hearing what you are doing or plan to do! 12 15896 |