Peak over for home and apartment sales as figures fall
New home sales fell in July as both detached housing and units dropped; a sign that housing market has peaked. NSW only state that boosted sales of detached dwellings in July; the 1359 sales figure...
View ArticleBuilding safety rules disobeyed by cost conscious developer
Coroner finds sprinkler system would have prevented resident’s death in unit fire. Building intentionally designed to fit 10 cm below height that would have required sprinklers and other safety...
View ArticleConstruction Boom Easing as Growth and Approvals Fall
Approvals for construction of new homes fell 6.9 per cent in August, despite 7.9 per cent rise in July. Despite slowing approvals, some economists believe residential construction will remain solid...
View ArticleAugust building approvals quash positive July construction figures
After rebound in July, August building approvals down 6.9 per cent according to ABS figures. Despite the drop being 2 per cent more than anticipated, still too early to worry according to industry...
View ArticleNew Home Building and Construction Still Booming on Yearly Numbers
ABS figures reveal record number of new homes built in the 12 months to the end of June. Record comes despite a 3.2 per cent drop June quarter, a likely sign that a downward trend may be coming. New...
View ArticleGrocon Closer to Sydney Redevelopment Plan a Purchase of IMAX Site Settles
Melbourne-based developer Grocon exercised option to buy co-owner’s share of IMAX theatre site at Darling Harbour. The site will be redeveloped into an $800 million state-of-the art tower complex...
View ArticleSoftening Expected for Housing Growth and Rents in Most Capital Cities
Queensland is expected to lead Australia for housing price growth as most prices in most cities expected to decline. The national forecast for next year is not expected to be as strong with...
View ArticleBill of Health Looks Clean for Residential Construction
Despite a slight drop, HIA reports residential construction industry to have another healthy fiscal year in 2015/16. 114,000 detached dwelling commencements and 97,850 commencements for other...
View ArticleApartment Boom Builds October Construction Figures
Apartment activity 9.2 point jump to 72.4 on the Performance of Construction Index offsets decline in house and engineering building. Acceleration in apartment growth marks the fastest pace of...
View ArticleEngineering Construction Down but Residential Construction to Record Levels...
September numbers show overall construction fall faster than expected as engineering work dries up, despite record numbers in residential work. Engineering construction fell 7.3 per cent in the...
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