There has been a shift in the market regarding builder due diligence. From something that used to be considered ‘nice-to-have’, extensive pre-contract builder due diligence is now considered a must.
After two years of Covid-related pressures, unprecedented rainfall and construction-cost inflation for labour and materials have further impacted the Australian construction industry.
Billionaire developer Harry Triguboff has backed up his end-of-2020 bullishness about the outlook for the Sydney apartment market with the $68.5 million purchase of a 2.8-hectare supersite.
A north-west Sydney supersite on which major developer Dyldam hoped to build over 1300 apartments has been listed for sale by Newpoint Advisory.
In this article we look at the longstanding practise of development lenders accepting Statutory Declarations as evidence that project creditors are being paid.
This article investigates practical opportunities to lower the costs of a receivership for distressed property assets.