ISSUE 316 | 5.5.14 Delivered weekly to timber merchants, sawmillers, wood processors, foresters, members of national, state and trade organizations and associations throughout Australia, New Zealand and various countries.
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Cheap housing a ticking time bomb
Buildings left to ‘be eaten away’ as The mining sector downturn takes hold NATIONAL
THOUSANDS of houses built in a hurry across central Queensland and sold to private investors in schemes that promised high rental returns off the back of the mining boom have been labelled ‘ticking time bombs’ that would fail all structural codes for safety and termite protection. “This festering sore on the region’s residential building industry is about to open,” says David Punter of Racey Constructions, a builder with 30 years’ experience in the business.
Turnaround .. home prices in isolated mining towns are falling as companies lay off workers amid a slowing resources boom.
Mr Punter said the “whole shocking truth of a five-year construction nightmare” was exposed fully at a gathering of builders, joiners, roofers and real estate agents in Rockhampton last Thursday (May 1). The meeting heard that up to 4000 houses built across central Queensland from Gladstone to Townsville and as far west as Emerald would fail building codes and structural tests for wind bracing and roof battens.
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