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Weak Australian dollar and high labour costs offset stabilising materials: Altus Group
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Office revival puts Dexus back in black
Dexus has come through the worst of the downturn and says that the market for large towers is stabilising, and it can stay on track for Waterfront Brisbane.
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‘Green shoots’: Mirvac upbeat on new home building despite profit squeeze
ASX-listed property group Mirvac has seen its new home building profit margins squeezed over the past financial year, but is also seeing an uptick in market activity. The company made $212 million in earnings before …
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Government efficiency needed in construction as building costs start to ease
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.
News
The great backyard build: The $200K investment that can put hundreds in your pocket weekly
Homeowners looking to boost their household income or help out loved ones are increasingly building granny flats and dual occupancies in their backyards. While many homeowners would prefer to keep their backyards as they are, …
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With development slowing, property companies slash jobs
The property industry has been hit by a wave of redundancies as large companies combat the stalling commercial market with cost cutting in traditional areas.
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Build-to-rent outfit apt.Residential rides rental wave at Meadowbank site
Build-to-rent investment manager apt.Residential is kicking off with a $280m mixed-use precinct in Sydney’s Meadowbank and more projects are on the way.
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How Australia’s jobs are setting the property landscape
Tighter lending standards for home loans have led to a significant decrease in building approvals, indicating an imminent slowdown in residential construction activity. This may contribute to a fall in construction work.
News
Abandoned $75 million Chinese mansion in Perth going to auction
A one-of-a-kind sprawling Chinese mansion built as an Eastern wonder way out west has hit the market. The striking Chinese mansion, which is said to have cost $75 million to build and boasts a museum, …
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Housing looms as election battleground but there are no quick fixes
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.
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