Today
Rising rates won’t hit home building in WA or Victoria, ABN Group says
Perth’s undersupply of housing relative to demand is so great that prices will keep rising “substantially”, the country’s second-largest home builder says.
- Michael Bleby
This Month
Hutchinson Builders reports a ‘rubbish’ 80pc slump in profit
The pressures on construction contractors are acute in a regional market such as south-east Queensland, where they continue to compete for limited resources.
- Michael Bleby
I’m not responsible for Dome collapse, former director says
The former head of a high-end building company put into liquidation last week says he’s not to blame - and that his offers to help the company were rejected.
- Michael Bleby
Big builders argue against new federal payment rules
The Australian Constructors Association says the industry is no worse than any other at paying its bills, but the author of a key 2017 report disagrees.
- Michael Bleby
- Exclusive
- Affordable housing
Lighthouse gets $130m social loan from CBA, NAB
Specialist disability housing could grow to be a $10 billion sector but it could also boost the development of a new loan asset class.
- Michael Bleby
Why apartment developers will struggle to hire builders
With construction booming in social infrastructure such as health and education, the residential sector will need to do more to attract builders.
- Michael Bleby
Defaulting Country Garden sells huge Melbourne estate to Frasers
China’s biggest private developer offloads Windermere estate in Melbourne to Frasers for around $250 million as the company moves closer to leaving Australia.
- Larry Schlesinger
Is America’s hottest property market a bubble?
Austin has the fastest-growing office sector in North America, but some question whether the Texan city can absorb so much space.
- Rachel Siegel
Mirvac in $1b play to house downsizing Boomers
Mirvac will spend $300 million to acquire a near-half stake in the Serenitas portfolio of 27 land lease communities – affordable accommodation for downsizing baby boomers.
- Michael Bleby
Why Gold Coast apartments are now doubling in price
Developer Allen Sammut says average prices for large apartments in his Surfers Paradise beachfront project have doubled since June 2021.
- Larry Schlesinger
Developers face uncertainty on thin capitalisation rules
The federal government’s proposed laws to crack down on excessive tax deductions are not fit for purpose, industry figures and independent MPs warn.
- Michael Bleby
Suburbs with the highest granny flat potential
More than 655,000 granny flats could be built across the country straight away to help alleviate the housing shortage.
- Nila Sweeney
BoQ belatedly reveals exec’s exposure to $42m in loans
Many finance executives take out home loans with their employer, but few disclose $42 million in commercial loan exposures.
- Updated
- Myriam Robin
Stockland to charge up to 10pc more for homes this year
In an ‘uncertain’ market, the developer is charging buyers more. The biggest price rises are coming from sales to the growing cohort of downsizers.
- Michael Bleby
The next evolution of WFH: the luxury office that feels like a home
Developer Orchard Piper has sold more than 60 per cent of office suites in its $120 million Toorak project to local family offices.
- Larry Schlesinger
Local boosts social, affordable housing, backed by Macquarie
While governments are trying to boost the country’s stock of social and affordable homes, some developers are already doing it – and taking a first-mover advantage.
- Michael Bleby
Gandel: Israel has ‘no choice’ but to hammer Gaza
Property billionaire John Gandel is worried that public support for Israel will decline in Australia as retaliation against Hamas gains pace.
- Samantha Hutchinson and Nick Lenaghan
Singaporean magnate plans exclusive Gold Coast luxury apartments
The executive chairman of Oxley Holdings has led major projects from London to China. His boutique apartment project on the Gold Coast will be much more personal.
- Nick Lenaghan
The housing boom drawing Japanese investment
Australia’s immigration-boosted growth is a magnet for Japanese investors facing their own shrinking population at home. And they like BTR in particular.
- Michael Bleby
Sydney Metro boosts apartment premium by up to 20pc
Apartments along Sydney’s new Metro stations are poised to outperform similar properties in neighbouring suburbs.
- Nila Sweeney
