Today
Coalition plan to lower lending standards ‘will drive up house prices’
A Peter Dutton-led government would direct the prudential regulator to lower the home loan serviceability buffer if it wins the federal election.
Yesterday
Buyer pays $190,000 above their own pre-auction offer to secure home
The vendor was happy with the strength of bids made during the campaign but pushed it to auction anyway – and it was worth their while.
March
John Aloisi’s soccer team plays on despite ATO audit
The Tax Office has been revealed as the applicant trying to wind up the parent companies of Australia’s highest ranked A-League club Western United.
Largest builder in NSW seeks land-banking clarity
Newcastle-based NEX Building Group is concerned about a ‘sting in the tail’ of this week’s budget announcement.
Top-ranked A-League club Western United hits financial turbulence
Two companies that underpin the Melbourne soccer team face winding up motions from creditors, one of which has not been paid the $5000 it is owed for months.
Roberts Co owes Victorian tradies $50m
Creditors attending their first meeting heard there was still no agreement on how quickly work will resume on projects such as Amazon’s giant warehouse.
The $3m CBD winery opening in a building where AA meets
A heritage-listed former warehouse on Flinders Lane is home for the new Melbourne Winery. It makes for an unusual tenancy mix.
Builders line up for $7.1b Brisbane Olympic spree
The runway to develop infrastructure for the world’s biggest sporting tournament has shrunk to just seven years, so work has to begin soon.
Home building faces new threat as demand picks up
After some very tough years, contractors in the housing sector – particularly smaller ones – don’t have resources to take on the large jobs now flowing through.
This house sold for $4.2m – and then for $3.9m a week later
The first buyer of a luxury property – with a question mark hanging over it – ghosted the agent. That forced the vendor to set their sights lower.
Gentle pressure secures $19m Toorak sale
The first disclosed deal over $15 million in the city’s most expensive suburb this year suggests properties have started moving.
Tallest tower creditors vote for ‘shit sandwich’ proposal
Administrators of the entity managing the $2.7 billion project can now sell the project. But there’s another option for Beulah director Jiaheng Chan.
Hidden under Central Station lies a clock collector’s paradise
A secure chamber in the catacombs of the Sydney rail hub holds a decade-old collection of timepieces. It’s worth thousands – but rail bosses are unsure what to do with it.
Victoria counts the cost of rising insolvencies
Construction across the nation has struggled with higher costs, shortages and delays. But Victorian insolvencies are rising the fastest among the big states.
Barossa Valley wine mecca to get its first luxury hotel
Operator IHG has teamed up with developer Strategic Alliance to develop the 150-room InterContinental Barossa Resort & Spa.
CEFC, $11b Goldman Sachs fund will invest in low-carbon developments
The federal government’s green bank says it’s leading other investors into more sustainable project investment.
Builder Roberts Co faces new threat from bond claims
While the contractor’s Victorian operations are only part of its business, developer claims against guarantees could tear a big hole in the parent company.
Cyclone Alfred’s insurance storm batters sturdy $1.925m sale
Four hours before the scheduled auction of this Brisbane property, companies refused to extend home cover. But that didn’t put buyers off.
Administrators, developers comb through Roberts Co wreckage
The Victorian builder put into administration late on Friday had eight live projects and as many as 16 still in the warranty period, early indications show.
Grand Prix boosts hotel occupancy amid wider recovery
Domestic tourism is leading to a steady, if moderate, growth in bookings, but south-east Queensland and northern NSW have been hit hard by ex-tropical cyclone Alfred.