{"id":20643,"date":"2019-08-19T10:39:17","date_gmt":"2019-08-18T22:39:17","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20643"},"modified":"2019-08-19T10:39:17","modified_gmt":"2019-08-18T22:39:17","slug":"dire-warning-on-apartments-bubonic-plague","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/dire-warning-on-apartments-bubonic-plague\/","title":{"rendered":"Dire warning on apartments\u2019 \u2018bubonic plague\u2019"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0Sydney\u2019s Mascot Towers was evacuated in June after cracks appeared in the building<\/strong><\/p>\n

One of the country\u2019s leading property experts has warned apartment owners have \u201ccontracted Australian real estate\u2019s equivalent of the bubonic plague\u201d and advised them to sell their homes ASAP to avoid further losses.<\/p>\n

\n

The glut of poorly-constructed units in Australia since 2000 will lead to continued distress for apartment owners, according to Propertyology Head of Research Simon Pressley.<\/p>\n

He has warned of a looming apartment crisis and said unit owners banking on prices to recover were playing \u201cRussian roulette with their financial futures\u201d.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  PHOTO:\u00a0Sydney\u2019s Mascot Towers was evacuated in June after cracksRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098573,478106699,478098810,478098512,478098521,478106698,478098519,478098535,478105756,478098556,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098536,478098618],"class_list":["entry","author-data123nz","post-20643","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-apartment","tag-apartment-crisis","tag-apartments","tag-australia","tag-australians","tag-bubonic-plague","tag-home-ownership","tag-house-prices","tag-mascot-towers","tag-nsw","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property"],"yoast_head":"\nDire warning on apartments\u2019 \u2018bubonic plague\u2019 - 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