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Property development

Yesterday

Yours at an average $20,000 per square metre: Kokoda Property has received approval for its $1.5 billion Skyring Terrace project in Brisbane’s Teneriffe. 

New home approvals rise to six-month high

As two project approvals in Brisbane and Melbourne show, soaring materials and financing costs have made new projects unviable for all but the priciest homes. 

  • Michael Bleby

This Month

Property developer Intaj Khan is expected to be called up for liquidator examinations on Wednesday.

Developer Intaj Khan to be examined over failed $30m property deal

Suspected Ponzi scheme Remi Capital raised money from investors to buy Mr Khan’s 24.6-hectare site but allegedly funnelled the money into a secret bank account.

  • David Marin-Guzman
Barista Amber Hasan at NoBo Mrkt in the Commongrounds.

Priced out of housing, communities take over development

Easing of investment restrictions allows neighbourhood groups to finance unconventional projects that banks and institutional lenders won’t touch.

  • Keith Schneider
The feud between Crown Group’s founders killed development plans for four residential towers at Brisbane’s West End.

Crown Group founder fails to raise funds to buy back 473-unit site

Crown Group co-founder Paul Sathio had won the tender to buy the site but was unable to accrue enough funds by the settlement date.

  • Campbell Kwan
Queensland will review its housing tax structure.

Queensland mulls expansion of stamp duty discounts in tax shake-up

Expanding stamp-duty concessions and overhauling land tax in Queensland will be considered as part of a new tax shake-up.

  • James Hall
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Changing hands: Family housing units in the military base at Fort Cavazos in central Texas, previously named Fort Hood. 

Lendlease sells US military housing business for $480m

The divestment of its contract to maintain and manage 40,000 military housing units is the latest part in the $4.5 billion divestment and global retreat.

  • Michael Bleby
The three-bedroom townhouse at 3/29 Wheatleigh Street in lower north shore Sydney’s Crows Nest sold by private treaty for $2,915,000.

The unusual move that made this seller $4.8m

Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.

  • Michael Bleby

June

Developers have snapped up a new fund to increase density in Queensland.

Developers rush to snap up $350m Qld fund to boost housing density

The industry has called for new tax incentives to increase housing supply following the mad rush to snap-up a development fund.

  • James Hall

Irish housing crisis turns employers into reluctant landlords

Ireland’s chronic housing deficit can largely be pinned on one thing: in the decade following the 2008 crash that decimated the country, building stalled.

  • Olivia Fletcher
What downsizers and upgraders prefer: new detached homes will form a larger part of the new housing mix in the next building boom.

The next home-building boom is coming

Despite higher borrowing and construction costs, increasing demand for new housing will draw out capital – but not from first home buyers.

  • Michael Bleby
Hirsch & Faigen’s off-the-plan project at Mermaid Beach, Queensland, is one of the developments on the Coposit platform.

Property payment fintech Coposit taps Ad Astra for a $10m fundraise

The platform allows buyers to pick up an off-the-plan property for $10,000, saving for the remainder of the deposit during the construction in instalments.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The now-complete 198-unit build-to-rent-to-own development at 15 Thompson Street in inner-suburban Melbourne’s Kensington is the first of five planned projects that AustralianSuper is funding with developer Assemble.

Why AustralianSuper isn’t investing in build to rent

The head of the country’s largest industry super fund says risk and scale are crucial factors for any investment it considers – and that’s an issue with BTR.

  • Michael Bleby
The bills proposed by David  Pocock and Kylea Tink would make housing a human right in law.

Pocock, Tink push for 10-year housing and homelessness plan in law

Independent ACT senator David Pocock and teal MP for North Sydney Kylea Tink want a 10-year housing and homelessness plan enshrined in legislation to create certainty.

  • Ronald Mizen
Renovation fit for a QEII: $1.6 billion-worth of work will be needed to make Brisbane’s QSAC (Queensland Sports and Athletic Centre) fit for the 2032 Olympics.

How higher building costs will shape the Brisbane Olympics

High labour costs will put pressure on the construction sector, forcing changes in how new projects are procured.

  • Michael Bleby
Andrew Bodnar at the offices of PM42 in Leumeah.

Bankrupt developer’s plan to repay $131m: start a new firm with mum

Andrew Bodnar’s empire went bust last year, taking self-funded retirees and a champion swimmer down with him. But he’s back in business to clear the massive debt.

  • Larry Schlesinger
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CBA’s Mike Vacy-Lyle: “We are seeing a little bit of stability return.”

Construction insolvencies will level out, CBA says

After a few torrid years of collapses among builders and subcontractors, there are signs that conditions are going to normalise.

  • Michael Bleby
NSW Treasurer Daniel Mookhey in the budget lock-up on Tuesday.

NSW’s ambitious plan to build 30,000 new homes

The NSW government will intervene in the construction sector by releasing surplus land that will be used for home building.

  • Campbell Kwan
Winners and losers

Winners and losers in the NSW budget

Prospective homeowners, essential workers and developers are the biggest winners, while middle-income households facing cost of living pressures lost out

  • Campbell Kwan
Boroondara Council in Melbourne’s inner-eastern suburbs has not set a budget for completion of the Kew Recreation Centre, 20 months after a potentially fatal collapse of the roof structure mid-build.

Prepare for building inflation to surge again

After a lull in infrastructure and construction, cost escalation is about to pick up, driven this time by local demand, wages and changing technology.

  • Michael Bleby
Victorian Premier Jacinta Allan..

Victorian premier refuses to condemn Setka’s threats against AFL

Jacinta Allan said the dispute was a matter for the AFL and the construction union, preferring to trumpet ambitious housing targets set for the next 27 years.

  • Updated
  • Patrick Durkin

Original URL: https://www.afr.com/topic/property-development-60u