Tag: Opal tower
High-rise units a big risk for developers
November 13, 2019
Lenders are reluctant to lend and buyers don’t want to buy when it comes to high-rise developments. That’s according to RiskWise Property Research’s latest analysis of the construction industry, which has been hit hard over recent months following the high-profile cases of the Mascot and Opal towers in New South Wales. RiskWise CEO Doron Peleg […]
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Opal Tower investigation finds design and construction issues
January 16, 2019
The NSW government’s investigation into the damaged Opal Tower in Sydney has found that the cracked residential building needs “significant rectification works” to repair and strengthen it. The report, which was prepared by an independent team of engineers found that while the building is overall structurally sound and not in danger of collapse, there are […]
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