Today
Clean energy rebound masks wind ‘disaster’
Clean energy capacity added into the grid doubled last year, but analysts say the figures mask stalled wind-farm construction amid soaring costs.
The fastest-growing house prices aren’t where you think
Leafy suburbs closest to the CBD aren’t the ones that offer the biggest value gain. As home-building picks up, there are some suburbs worth considering.
This Month
High-profile Gold Coast project up for sale after HMC foreclosure
The owner lost control of the site, which is approved for a 46-storey residential tower, after owning it for just seven months.
Asahi Kasei-owned builder NEX expands into land development
The move shows a deeper investment by the company that bought into then-named McDonald Jones Homes in 2017.
Insolvencies surge in construction and hospitality sectors
Although the figures reflect the pain felt by many businesses, they also show that a growing number of small companies are taking steps to trade out of trouble.
Johns Lyng agrees to $1.3b takeover bid from private equity suitor
The building services giant had seen its share price slump from highs of more than $9 to less than $4 prior to the buyout discussions with Pacific Equity Partners.
The most expensive city for building is getting pricier
Brisbane’s big infrastructure program is putting pressure on construction costs. It will only get worse as the state prepares for the 2032 Olympics.
This couple has waited years for a basic service to their dream home
Caitlin and Adam Webster bought their Sydney plot in 2021, but the water’s not connected yet. Critics say the lag in critical infrastructure is holding up housing supply.
NSW apartment approvals boom as housing policies shift the dial
Policy changes as well as lower borrowing costs are driving a development upturn that is only just starting.
Key Victorian transmission line hit by two-year delay
The postponement of the start-up of the $3.3 billion VNI West project until late 2030 is expected to stoke fresh concerns about future power reliability.
Andrew Roberts paves way for exit from construction with $20m deal
The former Rich Lister will step away from the construction business, which has witnessed the collapse of many builders in recent years.
June
How to spend $10m retrofitting a D-grade office building
Australia’s commercial property industry lacks the skills to upgrade its existing building stock for changing times, one office tower owner says.
ASIC in legal action against three Sanjeev Gupta companies
Australia’s corporate regulator has the British industrialist in its sights, with a Tasmanian smelter failing to lodge accounts for four years running.
ASX darling’s bizarre housing problem: Too many cheap US mortgages
Plumbing materials supplier Reece has been belted by a slowdown in the US residential construction market, compounded by a glut of cheap, COVID-era home loans.
Whyalla steelworks sale draws strong offshore interest, says premier
Strong state backing is helping to attract interest in the Whyalla plant, with BlueScope seen by many as the front-runner.
‘Frustration, desperation, fear’ over delays in $10b housing fund
The strength of the federal government’s Housing Australia Future Fund is also its greatest weakness. Developers say it needs to change.
High Court ruling on CFMEU a ‘line in the sand’ moment for cleanout
The CFMEU administrator has declared the High Court backing of the administration will make way for systemic industry reforms.
Billionaire Lederer family go big in private credit as loans hit $200m
A decade after selling their Primo smallgoods empire to Brazil’s JBS, the family is building a new business and extending loans to property developers.
Getting ahead of the curve to pull building industry higher
The Green Building Council of Australia has won the Sustainability Leaders award for property and construction for its push to lift building standards.
In Queensland, an additional 18,500 building workers won’t be enough
Across the country, governments are trying to balance housing needs of a growing population with infrastructure investment. But Queensland also has the Olympics.