News about building Commercial Property

Home builder AVJennings paid the price for the termination of an option on a mega subdivision north of Brisbane with profit before tax plunging 95 per cent in the 2024 financial year.

A Corio landowner is seeking developers to capitalise on a growing residential building boom in the suburb with a site suited to townhouses or a medical centre.

The country’s largest home builder expects lower interest rates will drive demand next year and warns customers not to wait for costs to come back down.

Increased hurdles in getting approvals are driving up construction costs, which threatens the viability of affordable housing, despite a further easing in building materials costs.

Whatever stripe of government gets into power, the property industry is crying out for a longer term plan that can help more Australians into homes.

We need to stop thinking about building more houses and instead get on with manufacturing them, because technological advances mean that they can be mass produced to meet demand.

Slower builds and cost blowouts will be the biggest challenges of 2024 for the construction sector, says Hutchinson Builders director Jack Hutchinson, as data shows a pick-up in the amount of work ahead.

The Housing Industry Association’s outlook for the next few years paints a bleak picture for the Sydney and Melbourne home building market, with little left in construction pipelines.

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.