Sensational-Adelaide.com

There is talk of this now . (The 'green shoot').This is partly however an artificial indicator - what happens when gov't funded bldg and infrastructure funding dries up? In the context of the world economy it seems to be somewhat more confusing - with evidence bothy ways.

Here's hoping Spire actually is built .

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

I wonder how much they've spent on planning fees now. This project must be a nice money earner for the council...

I can't believe how long this one has dragged on for, I'm starting to think there's something a little dodgy about this whole project though that could be completely unfounded.

Still I wonder if the proposed reduction in withholding tax to 7.5% by 2010 will mean we'll see more of these types of property investments in Australia and so Adelaide. It might get this one finally started!

Benski81 wrote:I can't believe how long this one has dragged on for, I'm starting to think there's something a little dodgy about this whole project though that could be completely unfounded.

Completely unfounded. THis project is being delayed due to lack of sales like every other large development in Adelaide and Australia. Its not too hard to see why.

Benski81 wrote:I can't believe how long this one has dragged on for, I'm starting to think there's something a little dodgy about this whole project though that could be completely unfounded.

Me thinks it's abit like a pyramid scheme

This is halarious. Pushed back by a further 6 months. Why do they even bother speculating a date! Also next Sat this thread will celebrate it's 4th birthday with no action on site since it started!

From the Azure Property website.

Dwelling type U
Dwelling number 110
Levels 33
Buildings 1
FIRB Approval Yes
Construction Start 15/11/2009
Estimated completion 15/09/2011
Sunset date 36
Holding deposit $100.00
Exchange deposit 10%
Body Corporate p.q $400 - $700
Council rate p.a $800-$3,000
Water rate p.a $145
Sewerage p.a $456 – $1,100

It's like Radelaide said. Don't be discouraged, even though it looks crazy - it's still on.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

From I know it's still on. Contractors have been signed up. From my understanding, the hold up has been with the banks being tighter with their lending.

I imagine a number of the people who signed up in the boom probably wouldn't be interested or even able to settle the deal now. Random withdrawals would be making the project even harder to get off the ground.

Sadly, At the moment Adelaide is all talk and no walk
First it begins with Spire Living, then 20-22 Currie St, what next?

That came out of left field.

What the

Pistol wrote:That came out of left field.

What the

You should hand over your credit card and bank account details, just in case!

Mato2000 wrote:Sadly, At the moment Adelaide is all talk and no walk
First it begins with Spire Living, then 20-22 Currie St, what next?

That's Adelaide. Like that's REALLY Adelaide.

Mato2000 wrote:Sadly, At the moment Adelaide is all talk and no walk
First it begins with Spire Living, then 20-22 Currie St, what next?

rubegoldbergdevice wrote:That's Adelaide. Like that's REALLY Adelaide.

I'm going to assume that you guys are just trolling, because it's a simple equation with skyscrapers and you can't possibly be that ignorant of it:

If you can't find tenants, then you wont get finance, then it doesn't get built.

That's not "Adelaide". That's the reality in most places where investors would like to see a return on their investment.

Well said mono.