Apartment approvals fall to two-year low
![Looking down: New apartment approvals fell to their lowest level in two years in April.](/content/dam/images/g/j/s/y/2/t/image.related.afrIndexLead.320x210.gwg0q4.png/1496122472000.jpg)
The slowdown in the country's biggest-ever housing construction boom continued in April.
The slowdown in the country's biggest-ever housing construction boom continued in April.
A monster offshore platform to be used at Inpex Corporation's $US40 billion Ichthys LNG project has arrived in Australian waters, paving the way for production to start at the twice-delayed venture in early 2018.
Australia's engineering and construction icon John Holland is in on the brink of its first development site acquisition in Sydney.
Australia's biggest cement company says there's three years of strong demand ahead, even if house prices start dropping.
Developers put the brakes on new residential projects in the first three months of the year, causing housing construction to fall at its fastest pace in more than 16 years.
Housing construction in Sydney and Melbourne is headed for a major slump, with a downturn already underway at a national level.
Australia's biggest labour hire firm says demand is soft in manufacturing and retail, where confidence is ''off''.
WorleyParsons' doubters are going to take some convincing at the company's investor day on Wednesday.
Woodside has taken what is being described as an "economically sensible" decision to rule out building brand-new LNG projects for at least 10 years as it focuses on lower cost ways of bringing new gas fields to market.
Spotless investors have until June 14 to decide whether to accept Downer's $1.15-per-share offer.
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