Yesterday
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
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
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
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 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
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 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
- Exclusive
- Development
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
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
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
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
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
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
- Investigation
- Property market
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
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’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 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
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 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