I am surprised that parliament is not openly discussing this immediate crisis in the nation.

There needs to be an immediate implementation of changes to what developers can and cannot do as far as accepting new building contracts and councils approving new development contracts for building companies.

Especially when they are stretched beyond their limits in incomplete builds and are not retaining enough liquidity to prevent the developer going into a complete collapse. The financial consequences to the nation must are likely to be huge since more than 2000 building companies have gone under in just 2 years ( this figure is an alleged amount grabbed from an video news story ). The figures are over 1500 was touted fairly recently as well.

This is a national crisis , which is in part driving the hesitancy for current home buyers being able to trust the current building and developments systems in place.

Councils can to some degree track the percentages of complete and building inspector approved completed builds as they are the body who approval development applications and it is also government bodies that are involved with signing off on builds.

I believe the 80 to 20 percent rule should be applied by that … I mean a developer must complete 80% of current builds under contract before being able to move to another development or another stage of expanding a development area on every occasion. 20% debt on 80% is a good financial buffer zone to resist building company collapses and the contractors who subcontract can get paid their dues. The financial roll on effects are diabolical for tradies in the nation currently and the small contacting business that are working in partnerships with the developers.

There are external factors like the fixed cost build contracts being smashed by the Covid effect with regards to the access to building materials not being ample and putting upward pressures on the prices of building materials which meant a lot of the building companies were completing builds at a loss and without having the liquidity to cover these losses the collapses follow. By slowing the approval process it does allow a developer to adjust his price structure on builds as changes occur rather than committing to a price that is unworkable for the company and ultimately for the home buyer who has been left with no home but the complications of the deposit and uncertainty to what will happen.

Companies should have a financial sustainability rating …. which is earned and accessed on a regular basis similar to a AAA system not just the quality of the builds and standardizing this system so consumers can make a better informed choice of the financial risks when signing a building contract with a building company it is also transparent way of communicating the risk to contracting companies , who may then opt for certain inclusions for payments requirements before coming onboard with a developer.

What do you lot think?

The way things are built in Australia has much to be desired anyway. Everyone’s forgotten all those tower blocks with concrete in the basement where you could remove the concrete by hand.

You’d be better off buying a portable building

wookiemeister said:

The way things are built in Australia has much to be desired anyway. Everyone’s forgotten all those tower blocks with concrete in the basement where you could remove the concrete by hand.

You’d be better off buying a portable building

Possibly but there is an economic consequence as the situation stands currently.

monkey skipper said:

wookiemeister said:

The way things are built in Australia has much to be desired anyway. Everyone’s forgotten all those tower blocks with concrete in the basement where you could remove the concrete by hand.

You’d be better off buying a portable building

Possibly but there is an economic consequence as the situation stands currently.

Just bring in an extra 1.5 million people and shut down power generation – that’s the plan. Say bye bye to cheap power and water , say hello to third world living conditions. Did we have a referendum on immigration? Nahhhhhhhh. It’s why ultimately there’s no future here, the government and its public service are too stupid.

wookiemeister said:

monkey skipper said:

wookiemeister said:

The way things are built in Australia has much to be desired anyway. Everyone’s forgotten all those tower blocks with concrete in the basement where you could remove the concrete by hand.

You’d be better off buying a portable building

Possibly but there is an economic consequence as the situation stands currently.

Just bring in an extra 1.5 million people and shut down power generation – that’s the plan. Say bye bye to cheap power and water , say hello to third world living conditions. Did we have a referendum on immigration? Nahhhhhhhh. It’s why ultimately there’s no future here, the government and its public service are too stupid.

so wookie has thrown his arms in the air!

monkey skipper said:

wookiemeister said:

monkey skipper said:

Possibly but there is an economic consequence as the situation stands currently.

Just bring in an extra 1.5 million people and shut down power generation – that’s the plan. Say bye bye to cheap power and water , say hello to third world living conditions. Did we have a referendum on immigration? Nahhhhhhhh. It’s why ultimately there’s no future here, the government and its public service are too stupid.

so wookie has thrown his arms in the air!

No, it’s government policy to make things worse.

If people on this forum are renting there’s a good chance some of them will be homeless as new people come in and pay more in rent.

We had a blackout recently

Waited 60s then MY power came back on

Power was out a few hours

This is happening more often now. The other black out we had was 3-4 months ago.

monkey skipper said:

I am surprised that parliament is not openly discussing this immediate crisis in the nation.

There needs to be an immediate implementation of changes to what developers can and cannot do as far as accepting new building contracts and councils approving new development contracts for building companies.

Especially when they are stretched beyond their limits in incomplete builds and are not retaining enough liquidity to prevent the developer going into a complete collapse. The financial consequences to the nation must are likely to be huge since more than 2000 building companies have gone under in just 2 years ( this figure is an alleged amount grabbed from an video news story ). The figures are over 1500 was touted fairly recently as well.

This is a national crisis , which is in part driving the hesitancy for current home buyers being able to trust the current building and developments systems in place.

Councils can to some degree track the percentages of complete and building inspector approved completed builds as they are the body who approval development applications and it is also government bodies that are involved with signing off on builds.

I believe the 80 to 20 percent rule should be applied by that … I mean a developer must complete 80% of current builds under contract before being able to move to another development or another stage of expanding a development area on every occasion. 20% debt on 80% is a good financial buffer zone to resist building company collapses and the contractors who subcontract can get paid their dues. The financial roll on effects are diabolical for tradies in the nation currently and the small contacting business that are working in partnerships with the developers.

There are external factors like the fixed cost build contracts being smashed by the Covid effect with regards to the access to building materials not being ample and putting upward pressures on the prices of building materials which meant a lot of the building companies were completing builds at a loss and without having the liquidity to cover these losses the collapses follow. By slowing the approval process it does allow a developer to adjust his price structure on builds as changes occur rather than committing to a price that is unworkable for the company and ultimately for the home buyer who has been left with no home but the complications of the deposit and uncertainty to what will happen.

Companies should have a financial sustainability rating …. which is earned and accessed on a regular basis similar to a AAA system not just the quality of the builds and standardizing this system so consumers can make a better informed choice of the financial risks when signing a building contract with a building company it is also transparent way of communicating the risk to contracting companies , who may then opt for certain inclusions for payments requirements before coming onboard with a developer.

What do you lot think?

It’s always been like this, for as long as I can remember.

Why choose now to talk about it?

Geez -Louise , you’d think they would network more than they do…sigh

https://www.msn.com/en-au/news/other/brickworks-to-close-plants-ahead-of-projected-building-boom/ar-AA1kgX8m?ocid=msedgdhp&pc=HCTS&cvid=f4bb34fa39f8441b804d94198247ba8f&ei=51

Brickworks to close plants ahead of projected building boom

Australia’s biggest brickmaker Brickworks is considering laying down operation of some of its brick plants.

This is despite Prime Minister Anthony Albanese’s ambition to build an extra 1.2 million homes in the next five years.

The plan to build extra homes prompted Brickworks to say it is on the cusp of a significant building boom.

Fresh from the company’s annual meeting today – Brickworks to close plants ahead of projected building boom
Mr Partridge says the closing of plants is a “strategic decision” to allow them to run at full capacity in the coming years.