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Rate rises risk pushing property prices higher as production stalls
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Hard times for builders but recovery on horizon as rates steady
Home sales have been slugged over the last year, but demand remains strong and once buyers can get finance, purchases of new homes are expected to pick up.
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New Woolworths stores opening in Australia
For commercial real estate in Australia, it doesn’t get much more exciting than the supermarket wars. At the end of the 2022 financial year, Woolworths remained on top with a 37.1% share of the grocery …
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Two-speed construction market now building up, according to Housing Industry Association
Australia’s building industry is facing a period of divergence as smaller markets weather the economic storm better than larger counterparts.
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Builders rewrite contract terms as failures hit sector
New contract conditions to cope with fluctuating prices and weather delays are being used more widely as builders fend off tough times.
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Call for homes to get energy ratings as fossil fuels face the axe
With people used to knowing the energy performance of their dryer or fridge, there’s now a push for a similar rating system on homes.
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Housing diversification and better planning to make housing more affordable and abundant: industry
Australia’s housing market is troubledwith a dearth of homes creating an affordability challenge across sales and rental markets. Developers want a co-ordinated effort to deliver more properties.
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Stockland to build offices in St Leonards after dumping residential project
Stockland has abandoned its residential project in Sydney’s St Leonards and will instead develop a commercial skyscraper.
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Labour shortage construction sector’s biggest pressure for 2023
Construction faces a difficult year ahead after rapidly rising interest rates put additional pressure on an industry already facing materials and labour shortages.
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Hotel construction across the Asia-Pacific among the world’s least active
The building of new rooms has plummeted in the Asia-Pacific, while two other global markets have continued to grow.
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