Ok, I only mention it because in one of the developments we bought into, the OC could not get structural issues (which became apparent a year later) fixed by the builder because they could not be contacted (i.e. dissolved themselves). I think eventually things were sorted through insurance, but then we were out of pocket excess etc. Had much better luck with a big builder like Multiplex.
The Y-man
Thanks for your input on the thread Y-Man. Yes its a concern for me too as I'm sure we've all noticed there are uncountable new "builders" that have sprun up across Australia since the 2000's.
However its worth noting that sometimes/often the big/known builders are the ones who construct with horrible quality (see metricon) and the boutique builders are better.
Thats not always true naturally and there is always risk that the builder pops up and disappears.
On a side note I'd like to name and shame PACE Developments. They are hands down the worst builder of apartments I can think of.
I lived in one of their buildings for about 4 months before I broke the lease and left. Unbelievably **** quality. I should not be able to hear my neighbour at night taking a whizz in his bathroom.
Seriously what the hell.
Thats just one (and a minor one) of the many examples with that development.
PACE Developments.
Stay clear of anything they build.
So for the apartments in Highett (Kingston Park) ones. Any advice on what I should be doing next in terms of due dilligence?
And I'm still angling if anybody has an opinion on their location and the price.
Location is pretty decent and I've checked onthehouse.com.au for sold histories in there and it does seem people are paying a bit of $$.
However despite only 8 or so being left to be sold of the total 124 that were built across 3 buildings when i WAS there the place really did seem largely not inhabited.
Which for me is kind of a plus......i hate other people.