Willagee Builds, page-915

Honestly, you’re like some emotional, petulant child. Haven’t you ever signed a building contract? Obviously not. Anyone with the remotest idea of the current Perth building market knows that residential construction is moving at snail’s pace. Not because of the Mike Pivac / Stonemason / Donald Trump / fake moon landing conspiracy to rip off FBR investors, but because builders are competing with major resource projects for a limited supply of trade labour. If the builder had wanted these bricks laid by now, the project would be complete. But Hadrian hasn’t been there because the BUILDER ISN’T READY YET. The moment Hadrian reaches a construction milestone, payments to FBR become due. If the builder isn’t ready to call in subsequent trades & deliver a finished product, they’re making ever-increasing interest payments for a product they can’t finish & sell yet. Haven’t you noticed that despite structural completion of the southern Willagee townhouses months ago, the builder hasn’t called in a single subsequent trade? Things haven’t progressed because the builder hasn’t got labour to finish the subsequent stages of the project. Thus they've asked FBR to hold off in order to preserve cash for a project that is just going to sit there idle. Like most people waiting 2 years for a new home in Perth.