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  1. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    Certainly not saying that once upon a time there was a golden age where builders weren't dodgy *******s... just that hopefully with the older ones the issues have been identified by now :o
  2. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    All advice is general, I am by no means the smartest or most construction professional in the world. The answer is largely based on my own opinion and understanding of the industry from a junior. Generally, an independent building report won't pick up on the issues that I mentioned as most of...
  3. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    Honestly, unless it's really shocking, issues with build quality might not be apparent at first inspection. Things like waterproofing issues, incorrectly prepared subgrade/foundations, inadequate or incorrect placement of reinforcement in concrete, etc. etc. are all impossible to see with the...
  4. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    That was me taking the **** :P The capacity for error in residential construction is massive. Think about how many balconies and bathrooms are waterproofed. Do you think the foreman inspects each and every one to make sure it's being done correctly? Do you think they want with the best...
  5. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    I have bought one, yeah. My (perhaps faulty) logic is that generally any issues will have been noted by now. I meant medium to high density residential construction. Good residential property investment would be dependent on the individual investor.
  6. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    It's not whether or not the investment is sound, it's more to do with the construction. I'm generally of the "Buy and hold and hold" camp and would like to think I can hold the asset for as long as I like (20-30 years). I don't have faith in these companies to build structures well...
  7. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    I work within the commercial construction industry and generally, on principle, will not buy any new apartments. I'd rather not buy any built after the 60's-70's. Residential construction is dominated by cowboys. I wouldn't trust it to not develop major issues.
  8. Television

    Apartment Supply in Sydney - (Look at those Cranes)

    There's been a ton of new developments going on for about the past 18 months but I think that Sydney as a city is big enough, and the market for buyers is big enough, that there won't be any major stagnation (at least due to apartment numbers). That being said, apartments just about...
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