News

ICAC concerned NSW planning reforms 'may give rise to corruption risks'

Proposed changes to NSW planning system do not go far enough to weed out avenues for corruption and potentially introduce new vulnerabilities, according to the NSW Independent Commission Against Corruption.

AGL launches court action against Jemena for late gas meter readings

When a Sydney unit block found its gas bills had increased more than 10,000 per cent - from $97 to $10,377 - in one year, the building's chairman described it as "the biggest scam in NSW".

Millionaires versus billionaire as apartment owners fight Crown skyscraper

Owners in a luxury Southbank apartment tower that will be overshadowed by Melbourne's highest skyscraper have launched a campaign against the government's special planning deal with Crown.

Woman wins four-year legal battle with owners corporation over gap in sliding doors

When strata owner Dr Anne Davis noticed rain blowing through a gap in the sliding doors of her home, she asked the owners corporation to repair them. They refused – and what followed was a titanic four-year legal battle, with multiple experts’ reports and two tribunal hearings, to force them to maintain the complex’s common property.

Perth father and son's Airbnb success

Despite a recent Airbnb commissioned report showing the average income for Australian hosts was under $5000, detailed analysis by analytics company Airdna showed the estimated revenue for a spare room in Perth was $11,604 in the year to March. Alan and James Moody are Perth’s most successful Airbnb hosts, according Airdna, with their Ascot mansion returning an estimated $92,143 a year.

VCAT president slams ability of developers to control bodies corporate as ‘an abuse’

Property developers are running roughshod over owners corporations to benefit their own interests and for their own financial gain, a government law review has been told. In some cases, developers have signed expensive contracts to extend decades and have strong armed themselves onto committees for life, one submission claims.

Ray Hadley axes major sponsor Dyldam, after subcontractors complain about company's collapse

For the past eight years property developer Dyldam, one of the largest apartment builders in the country, has been a major sponsor of Hadley's program. It is believed that Hadley's decision to end Dyldam's sponsorship followed a flood of complaints by angry subcontractors who have been stung by yet another "collapse" of a Dyldam-related company.

NSW government steps back from parliamentary report into Airbnb-type rentals

Airbnb watchers were left hanging on Wednesday when long-anticipated proposals for new legislation on short-term holiday lets were put on hold by the NSW government. Instead of making their position on short-term letting clear, the government stepped back from a parliamentary report and its recommendations that would have allowed a massive increase in short-term holiday letting in apartment blocks.

Just 81 Victorian properties removed from Airbnb

Parliament's Environment and Planning Committee chairman, David Davis, said he was shocked by the evidence of poor behaviour that was submitted to the inquiry.

Tourism Accommodation Australia & Stayz announce world-first agreement on regulation of short-term accommodation sector

In a world first, Australia's peak accommodation body, Tourism Accommodation Australia (TAA), and Stayz, the largest Australian short-term rental platform, announced that they have struck a common position on regulation of the short-term accommodation sector in New South Wales.

Dubai's sky turns black after another skyscraper bursts into flames

Black smoke smothered Dubai's sky on Sunday after a fire broke out near the world's tallest building.

Leaking buildings, mould and court battles: The dark side of the apartment boom

As apartments are built at a breakneck pace along Australia's east coast, experts fear a coming glut of problem buildings that cannot keep the rain out will trap many buyers in legal limbo.

Byron's illegal holiday let party over

SICK and tired of residents suffering loud music, mess and disruptive neighbours, Byron Shire councillors have voted to set the law onto those illegally letting properties.

City of Sydney offering lessons to Sydneysiders on how to live in an apartment

Apartment residents who have had enough of noisy neighbours, overbearing strata committees and reckless renovators are being urged to brush up how to be the model apartment dweller to help create better high-density living in Sydney.

Time for common sense in the war between Airbnb and strata owners

The Airbnb vs owners debate is only going to get more intense. On the one hand we have an aggressive, revenue-dominated multinational with a large advertising budget and a strong intent to lobby government. Their opponents are fragmented, but there's a core of dedicated, battle-hardened strata advocates who are adept at trench warfare and have good relations with government.