Real estate experts in Sydney and Melbourne are unveiling ways to ensure that new apartments are not faced with surprises
How to avoid buying a high-heeled apartment: real estate experts reveal the best ways to ensure that your new apartment has no unpleasant surprises
- Real estate experts say that buyers should not stop investing in high-rise buildings
- They ask people to assess the developer's and builder's reputation before they buy
- Warning comes after evacuations at Mascot Towers and Opal Tower in Sydney
Real estate experts have shared their tips for buyers looking for apartments in the wake of evacuations at shonky buildings in Sydney.
Buyers' agent Henny Stier said that investors should prefer double bricks, walkways over high-rise buildings.
Mrs. Bull asked buyers to assess the developer's and builder's reputation before making a purchase.
Henny Stier, a Sydney-based buyer, said investors should prefer double-walled walkways to high-rise buildings. She said that what is happening in the Mascot Towers (photo) is not something new
& # 39; It's easy to change a kitchen or a bathroom, but it's hard to change a building with major defects. What's going on in Mascot is definitely not something new, & said Mrs. Stier, director of OH Property Group Domain.
The 10-year-old Mascot Towers was evacuated two weeks ago due to concerns about continuous cracks in the primary support structure and facade masonry.
Since then, residents of the 132 units have been forced to sleep elsewhere.
The 10-year-old Mascot Towers was evacuated two weeks ago due to concerns about continuous cracks (pictured) in the primary support structure and facade masonry
Opal Tower was evacuated in Sydney Olympic Park last year after residents reported that the building had been relocated.
And on Sunday, a water pipe eruption forced hundreds of residents to evacuate from a Melbourne CBD apartment building, the cause of which is still unknown.
Paul Osborne, the director of the Melbourne-based Secret Agent, said that most buyers are worried about apartments built in the last decade.
A burst water pipeline forced hundreds of residents to evacuate a Melbourne CBD apartment building (pictured) on Sunday.
They, particularly the younger demographic data, are now looking for low-density apartments built between the 1960s and 1990s.
& # 39; One of the main reasons was that they were not complicated. They were simple and easy to understand. With huge numbers of apartments, it is difficult to understand legal personality, & said Mr Osborne.
BIS Oxford Economics senior manager Angie Zigomanis said that homeowners can opt for & # 39; something that is a little less risky & # 39 ;.
& # 39; Something old and with a bit of history helps because you are less likely to experience problems. & # 39;
Experts believe that the latest reports on new buildings can drive up the prices of old homes.
Experts tips on buying high apartments
1. Give preference to buildings with double bricks, walkways over high-rise buildings
2. Review the developer's and builder's reputation before you make a purchase
3. Follow their previous developments
4. Search for something that is old and has a little history
5. Start with something that is a little less risky
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