Author Topic: Another building crumbles.  (Read 2638 times)

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Offline briann532

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Re: Another building crumbles.
« Reply #25 on: June 22, 2019, 04:56:50 PM »
remedial building is booming in Shitney…

Because there is a huge market it for it.
No offence intended to the honest certifiers which there are plenty of and I know a lot, but there is a faction of certifiers who "do their job" "get paid for it" then bugger off. New business next year, new name and oh, yeah that building, that was another company who did that...…

Private certification, not so sure about it. Works in theory, but lets face it for the bigger companies, you are on the payroll, you do what you are told.
I have worked for a really good developer who said straight out, to do the job properly would cost him more than they are selling "off the plan" for. How ??? well I think this post answers the question.

Plenty more to come unfortunately.
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Offline Bird

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Re: Another building crumbles.
« Reply #26 on: June 22, 2019, 05:05:03 PM »
i wondered the same thing about where are people getting that money, think I saw on the news that  each unit owner needed to chip in $80K...and that’s just a starting fund. Gotta think a court case will follow as owners chase the builder for that money back.
All those involved in the building and approvals have probably yesterday closed up business, and today opened under another name.
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Offline Rumpig

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Re: Another building crumbles.
« Reply #27 on: June 22, 2019, 05:09:06 PM »
All those involved in the building and approvals have probably yesterday closed up business, and today opened under another name.
if they haven’t shut up shop yet, i reckon they’d currently be busy offloading assets to family members atleast.
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Offline Bird

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Re: Another building crumbles.
« Reply #28 on: June 22, 2019, 05:20:48 PM »
if they haven’t shut up shop yet, i reckon they’d currently be busy offloading assets to family members atleast.
and thats ****in obscene that they can do this Shit and get away with it.
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Offline rags

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Re: Another building crumbles.
« Reply #29 on: June 22, 2019, 06:39:54 PM »
and thats ****in obscene that they can do this Shit and get away with it.


if they haven’t shut up shop yet, i reckon they’d currently be busy offloading assets to family members atleast.

The first thing is they couldn't close the business through insolvency measures and expect to trade under a new company next day. They would be denied a licence to practice under a new name due to their insolvency. Building licensing regulators are quite firm in that matter.

I can understand why they would transfer asset. I have a good mate who has practiced as certifier for many years, moved on around four years ago into another role ( nolonger practitioners Building certification. He has moved assets as his carry over insurance jumped to in excess of $25000 which he decided to risk going without as he cant afford to pay for the insurance. 

Here's the rub, he needs to continue paying that money long after he seizes practising even into retirement. This insurance would cover any claim that may arise as a result a decision he may have made in previous years, it not about providing insurance for work if he was still practising that he may certify today, that would be another part to a policy. He can nolonger hold his building certification credentials with the regulator because he is nolonger insured.

I can't imagine any of us would be happy to continue paying insurance long after the job was finished or when you are long retired.


« Last Edit: June 22, 2019, 06:43:25 PM by rags »

Offline rotare

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Re: Another building crumbles.
« Reply #30 on: June 22, 2019, 07:20:52 PM »
He has moved assets as his carry over insurance jumped to in excess of $25000 which he decided to risk going without as he cant afford to pay for the insurance. 


Oh to have an excess on insurance of $25K.  As engineers our excess is $80K.

It’s ridiculous.

Offline rags

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Re: Another building crumbles.
« Reply #31 on: June 22, 2019, 07:29:41 PM »
Oh to have an excess on insurance of $25K.  As engineers our excess is $80K.

It’s ridiculous.

It is not the excess,, I said the premium is IN excess of $25k.
 It is the  premium that needs to be payed annually to cover any failure of a building that the certifier may have certified previously , say 10 years ago. I'm sure there would be an excess if a claim was to be made.

As stated it is on top of any insurance for work in progress.
« Last Edit: June 22, 2019, 07:32:15 PM by rags »
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Offline Bird

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Re: Another building crumbles.
« Reply #32 on: June 25, 2019, 11:02:49 AM »
Interesting they say its sinking... Just wait 10 yrs, and they might have a few extra levels of basement living :)

https://www.smh.com.au/national/nsw/mascot-towers-moving-in-downward-motion-latest-engineer-update-says-20190625-p520wm.html
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Offline glenm64

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Re: Another building crumbles.
« Reply #33 on: June 25, 2019, 12:00:29 PM »
"NSW Minister for Better Regulation, Kevin Anderson,  ......  defended the city's high rise housing, saying: "I don’t believe there is any great cause for alarm for other apartment buildings across Sydney"."

Wonder if he would personally guarantee that??
There's a big difference between kneeling down
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Offline Bird

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Re: Another building crumbles.
« Reply #34 on: June 25, 2019, 12:30:52 PM »
Quote from: glenm64
"NSW Minister for Better Regulation

Is that a serious title ??? ??? Surely not...
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Offline chester ver2.0

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Re: Another building crumbles.
« Reply #35 on: June 25, 2019, 12:56:05 PM »
and thats ****in obscene that they can do this Shit and get away with it.

Simple i guarantee even if you had 2% equity in it your lender will give you the money cause the last thing the bank wants is for you to declare bankrupt then they have to sell a unit worth virtually nothing and lost a loan paying customer in the process
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Offline GBC

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Re: Another building crumbles.
« Reply #36 on: June 25, 2019, 06:28:23 PM »
We were called in recently to help with a building which wasn’t meeting it’s flow test figures, and never had since certification. Grab the plans wander around. Inside the main distribution boards there are feeds to the pump station which was never built, and the 2 stormwater reclamation tanks drawn to feed it do not exist. This is a 7000m2 building in the middle of Brisbane, certified to national codes, not state level which isn’t easy to do - usually 😂. I’m guessing they had a fire truck up the street somewhere pumping up the town main pressure/flow on certification day.

Offline Brisbane Puff

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Re: Another building crumbles.
« Reply #37 on: June 29, 2019, 10:12:38 PM »
Meanwhile... not in Sydney??
https://www.liveleak.com/view?t=uipI7_1561019747&p=1
Puff

Offline Rumpig

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Re: Another building crumbles.
« Reply #38 on: June 30, 2019, 07:34:45 AM »
Meanwhile... not in Sydney??
https://www.liveleak.com/view?t=uipI7_1561019747&p=1
interesting how it peels away, like there's no reo / steel tieing that section to the rest of the building.
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Offline rags

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Re: Another building crumbles.
« Reply #39 on: June 30, 2019, 10:37:45 AM »
Meanwhile... not in Sydney??
https://www.liveleak.com/view?t=uipI7_1561019747&p=1

Link doesn’t work even when using “lookup”
Also why are so many links not displayed as hyper links in recent times here

Offline GBC

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Re: Another building crumbles.
« Reply #40 on: June 30, 2019, 07:08:55 PM »
Meanwhile... not in Sydney??
https://www.liveleak.com/view?t=uipI7_1561019747&p=1

No engaged piers there 😂

Offline Bird

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Re: Another building crumbles.
« Reply #41 on: July 11, 2019, 09:59:46 AM »
Meanwhile... not in Sydney??
https://www.liveleak.com/view?t=uipI7_1561019747&p=1
probably same builders that moved to sydney knowing they'd get away with it.
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Offline lloydus67

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Re: Another building crumbles.
« Reply #42 on: July 11, 2019, 12:49:47 PM »
Link doesn’t work even when using “lookup”
Also why are so many links not displayed as hyper links in recent times here
Works fine for me


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Offline Fizzie

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Re: Another building crumbles.
« Reply #43 on: August 18, 2019, 04:51:22 PM »
Looks like they haven't even scratched the surface of the problem yet :'(

https://www.abc.net.au/news/2019-08-18/how-bad-could-the-apartment-building-crisis-be-in-your-state/11413122

~70% of unit / apartment buildings have defects, but "Ninety-seven% of buildings in New South Wales surveyed in the Griffith-Deakin study had at least one defect in multiple locations. The study looked at buildings built between 2003 and 2018.

The study found that the most common type of defect was waterproofing, followed by fire safety systems."

Waterproofing is bad enough, but fire safety systems ??? :o
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Offline corndog

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Re: Another building crumbles.
« Reply #44 on: August 19, 2019, 08:46:53 PM »
Big part of the problem.
Build them as quick as we can.
Build them as cheap as we can.
Sell them for as much as we can.

Offline Bird

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Re: Another building crumbles.
« Reply #45 on: August 20, 2019, 10:53:10 AM »
Quote from: Fizzie
Looks like they haven't even scratched the surface of the problem yet :'(

https://www.abc.net.au/news/2019-08-18/how-bad-could-the-apartment-building-crisis-be-in-your-state/11413122

~70% of unit / apartment buildings have defects, but "Ninety-seven% of buildings in New South Wales surveyed in the Griffith-Deakin study had at least one defect in multiple locations. The study looked at buildings built between 2003 and 2018.

The study found that the most common type of defect was waterproofing, followed by fire safety systems."

Waterproofing is bad enough, but fire safety systems ??? :o
you sound surprised by this ???

With how many and how fast buildings go up these days, honestly something has to be cut to actually be able to build this quick... and $$$$ is always top importance.
This is going to get Shit loads worse before it ever gets better... imagine having a 500k mortgage for a place you cant live in for god knows how long ... 1 mth 1 yr.. 5 yrs..


Quote from: corndog
Big part of the problem.
Build them as quick as we can.
Build them as cheap as we can.
Sell them for as much as we can.
Bingo.
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Offline Pete79

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Re: Another building crumbles.
« Reply #46 on: August 20, 2019, 01:03:14 PM »
you sound surprised by this ???

With how many and how fast buildings go up these days, honestly something has to be cut to actually be able to build this quick... and $$$$ is always top importance.
This is going to get Shit loads worse before it ever gets better... imagine having a 500k mortgage for a place you cant live in for god knows how long ... 1 mth 1 yr.. 5 yrs..

Bingo.
Imagine having a 500k mortgage for a 1 bedroom apartment in a place like Sydney....

Offline alnjan

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Re: Another building crumbles.
« Reply #47 on: August 20, 2019, 01:34:40 PM »
Imagine having a 500k mortgage for a 1 bedroom apartment in a place like Sydney....

and now imagine having to take another similar mortgage to collectively fix the apartment building
Cheers

Al and/or Jan

Offline Bird

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Re: Another building crumbles.
« Reply #48 on: August 20, 2019, 02:32:14 PM »
Quote from: alnjan
and now imagine having to take another similar mortgage to collectively fix the apartment building
and barely earning enough for the first mortgage...

Dont worry I know what land "costs" in Shitney - one reason I moved to Melbourne 20yrs ago...
mates parents place directly under the 3rd runway path at Kurnell - it sold recently for 2 million - they dozed the house.
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Offline Champin

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Re: Another building crumbles.
« Reply #49 on: August 20, 2019, 06:58:56 PM »
and barely earning enough for the first mortgage...

Dont worry I know what land "costs" in Shitney - one reason I moved to Melbourne 20yrs ago...
mates parents place directly under the 3rd runway path at Kurnell - it sold recently for 2 million - they dozed the house.
Bugger that!!! I'm going bush and building me a tree house

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