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Old 12-06-2022, 01:39 PM   #1958
galaxy xr8
Giddy up.
 
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Join Date: Dec 2004
Location: Kramerica Industries.
Posts: 15,608
Default Re: Australia housing bubble

Quote:
Originally Posted by Citroënbender View Post
Have heard about a few instances of this, clearly the developer has no interest in coming to the party. They’ve had zero interest funding for their land bank while councils and governments tick boxes without concern for timescales.

https://www.abc.net.au/news/2022-06-...eams/101145264

Shame the people aren’t in a position to build, put in a pumpout and then switch over/remediate.
Is that the same subject of land that has been in headlines in past months because the developer sold the land years back at what was then lower prices compared to todays worth, and the time frame is about to expire for people to start their building. But due to red tape and the developer having a close tie accomplice in council in the area, people that have bought land there have been unable to start their build process because of something like occupancy titles or such that have been deliberately put in place in order to halt building proceedings with the time frame luring, then when this time lapses the developer can then on sell the land at todays higher/marked up prices.

Such a dog act.
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