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Australian Politics Forum › Member Run Boards › Environment › Real Estate could plummet in price.

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Real Estate could plummet in price. (Read 2740 times)

Bobby.

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Re: Real Estate could plummet in price.
Reply #30 - Sep 24^th, 2018 at 3:40pm

PZ547 wrote on Sep 24^th, 2018 at 1:26pm:

Thousands of property owners across Australia could soon be faced with unavoidable multi-million-dollar bills - or even prison - if they fail to ensure buildings constructed with flammable cladding materials don’t meet new safety regulations.

And while each state and territory is approaching the life-threatening issue differently, it is in NSW where unknowing residents could be hit with ginormous bills they have no way of avoiding or face being fined - or even sent to jail.
That’s because this month, not only did the state Liberal government outlaw multiple flammable cladding types, including ACP, on new and existing buildings of two storeys or higher - requiring owners to register them online and work towards removing the panelling or sufficiently mitigating any risk - but they also moved to ban the material retrospectively.

That means residents of buildings built years ago with the cladding must now also rectify what is deemed dangerous.

LINK

The trouble is that no one wants to pay:

The owners blame the builders.
The builders blame the Council inspectors.
The Council blames the Federal Govt. for allowing it to be imported.

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Bobby.

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Re: Real Estate could plummet in price.
Reply #31 - Sep 24^th, 2018 at 3:41pm

PZ547 wrote on Sep 24^th, 2018 at 1:44pm:

Property related:

Quote:

Over 1 million hack attacks on S.A.s land title system

South Australia's Planning Minister Stephan Knoll yesterday confirmed parts of the recently privatised system "was shutdown following a high number of overseas data searches" by 'guest account' search facilities.

The search feature allows anyone to access information such as the amount of money a person borrowed to purchase a property, along with their personal information such as their names, allotment numbers and certificate of title details

.

LINK

It's a privacy scandal.

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lee Gold Member Online Australian Politics Posts: 21533 Gender:	Re: Real Estate could plummet in price. Reply #32 - Sep 24^th, 2018 at 3:55pm Bobby. wrote on Sep 24^th, 2018 at 3:41pm: It's a privacy scandal. It can also be used a a scam to sell properties not owned by you. All the details are on line.
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Bobby. Moderator Offline Australian Politics Posts: 122081 Melbourne Gender:	Re: Real Estate could plummet in price. Reply #33 - Sep 24^th, 2018 at 6:08pm lee wrote on Sep 24^th, 2018 at 3:55pm: Bobby. wrote on Sep 24^th, 2018 at 3:41pm: It's a privacy scandal. It can also be used a a scam to sell properties not owned by you. All the details are on line. It makes me wonder how safe our medical records will be?
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lee Gold Member Online Australian Politics Posts: 21533 Gender:	Re: Real Estate could plummet in price. Reply #34 - Sep 24^th, 2018 at 6:12pm Bobby. wrote on Sep 24^th, 2018 at 6:08pm: It makes me wonder how safe our medical records will be? Without encryption not safe. However if someone wants my over 65's info they are welcome to it. They can even have the attendant ailments.
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Bobby.

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Re: Real Estate could plummet in price.
Reply #35 - Sep 24^th, 2018 at 6:23pm

lee wrote on Sep 24^th, 2018 at 6:12pm:

Bobby. wrote on Sep 24^th, 2018 at 6:08pm:

It makes me wonder how safe our medical records will be?

Without encryption not safe. However if someone wants my over 65's info they are welcome to it. They can even have the attendant ailments. Wink

I should be able to find out if there was unlawful access
to my records by going online and checking.
If so, I intend to sue the Govt. for mega bucks.
It should be easy money.

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