Browse Forums Building Standards; Getting It Right! Re: Beware of cost stripping 23May 29, 2016 9:43 am Liliana 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 Alternatively, you can sign a contract with pre-defined known amount you pay to the builder for management and warranties and then you just pay the invoices their provide… 2 5256 Hi Marko The best thing to do is to have a look at your contract and see how the variation clause is worded. We use the NSW Fair trading contract and the way that is… 1 5076 |