Yesterday
Apartment starts fall to 11-year low
Industry groups say the extra costs of construction union agreements compound rising materials and financing costs to make housing projects unprofitable.
- Michael Bleby
This Month
- Exclusive
- Property survey
High costs choke supply of new homes: property experts
The cost of construction in capital cities has risen at a faster clip than house price growth, making it less economical to build new dwellings.
- Nick Lenaghan
Private credit pioneer meets Goldman Sachs money man
Under-the-radar private credit boutique Alceon snaffles a big name former Goldman Sachs banker to be its CEO. It’s a very 2024 story.
- Anthony Macdonald
Interest rate uncertainty dogs builders as buyers stay away
Less than half of companies polled by Macquarie said they expected sales to increase, even as inquiries for new houses begin to increase from last year’s lows.
- Campbell Kwan
- Professional Services Winner
- Sustainability Leaders
Would you like coffee with your concrete?
One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.
- Michael Bleby
- Exclusive
- Sales
Rivers of gold from Surfers Paradise towers flow to ex-Evergrande exec
A local real estate developer with extensive links to the collapsed Chinese property giant says it has more than $500 million in unsold units on the Gold Coast.
- Primrose Riordan
- Investigation
- Property investment
Investors ‘hung out to dry’ as NDIS housing schemes fail
Investors had been pitched double-digit “government-backed” returns. But there are no signs of those and, without tenants, there is little choice but to liquidate.
- Jonathan Shapiro and Max Mason
Lendlease plans $500m development in Sydney’s Edgecliff
The new project is one of many the developer needs to show investors it is replenishing its local housing pipeline as it pivots to a new Australian focus.
- Michael Bleby
- Exclusive
- Insolvency
Administrator takes builder Mahercorp to task for halting creditor payments
The insolvent builder has an obligation to meet repayment arrangements it struck with creditors before its restructuring, its own administrator says.
- Michael Bleby
- Opinion
- Chanticleer
ACCC uses land grab to put new property prices under microscope
Two big property groups trying to trade 12 would-be housing estates have caught the regulator’s eye.
- Anthony Macdonald
Tamawood profit jumps, but can’t predict FY25 earnings
Chairman Robert Lynch said factors such as the Queensland election, weather and land shortages meant it was “impossible” to predict the builder’s performance.
- Campbell Kwan
ACCC gives Lendlease, Stockland two-month ultimatum over $1.3b deal
The competition watchdog has further delayed a decision on the two property giants’ transaction over a 12-community portfolio of assets.
- Michael Bleby
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
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
