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Latest news: Construction and Property

Australia must build out of crisis amid shocking data

Australia must build out of crisis amid shocking data

Red tape must be ripped down to boost productivity in a bid to fix the nation's housing crisis, with shocking new data showing the slowing rate of construction.

Slimmed down Lendlease posts first profit in two years

Slimmed down Lendlease posts first profit in two years

Slimmed down Lendlease posts first profit in two years

Slimmed down Lendlease posts first profit in two years

Lendlease has made a statutory profit of $48 million in the first half, compared with a $136 million loss a year ago.

Retiring renters face homelessness as ownership falls

Retiring renters face homelessness as ownership falls

Retiring renters face homelessness as ownership falls

Retiring renters face homelessness as ownership falls

As home ownership falls, rents grow and the cost of living continues to surge, older renters will need more help when they enter retirement, a report has found.

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House prices expected to rise amid supply challenge

House prices expected to rise amid supply challenge

Housing will remain a key policy battlefield at the election with prices expected to continue increasing and efforts to boost supply lagging behind targets.

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Australians are expected to have pulled back on retail spending after major sales, with the latest data unlikely to shift the dial for the Reserve Bank.

Fruits of government's signature housing fund revealed

Fruits of government's signature housing fund revealed

As more than 800 homes are announced in the first round of an affordable housing fund, the sector warns more investment is needed to save the Australian dream.

Apprentice incentive not enough to meet housing targets

Apprentice incentive not enough to meet housing targets

Despite the Albanese government's well-meaning rhetoric, its policies and results reveal a failure to fix housing affordability, a housing expert says.

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Home construction rises but target remains out of reach

Home construction rises but target remains out of reach

Home construction rises but target remains out of reach

Home construction rises but target remains out of reach

High costs, labour shortages and low productivity are limiting the sector's ability to build new homes as construction activity remains below required levels.

Housing affordability blow as construction costs go up

Housing affordability blow as construction costs go up

Housing affordability blow as construction costs go up

Housing affordability blow as construction costs go up

The cost of building a home continues to rise, making it harder for builders to meet supply targets and alleviate housing affordability.

Buyer's market: 2025 to bring relief to home buyers

Buyer's market: 2025 to bring relief to home buyers

Buyer's market: 2025 to bring relief to home buyers

Buyer's market: 2025 to bring relief to home buyers

A major pullback in house price rises has not stopped the market from extending its growth streak to eight consecutive quarters.

Downturn in house values as 'something's got to give'

Downturn in house values as 'something's got to give'

Downturn in house values as 'something's got to give'

Downturn in house values as 'something's got to give'

Australia's two most populous cities have signalled the beginning of a property downturn amid widening gaps between income, borrowing capacity and home values.

Home building to pick up in 2025, but only modestly

Home building to pick up in 2025, but only modestly

Home building to pick up in 2025, but only modestly

Home building to pick up in 2025, but only modestly

Housing construction is expected to ramp up this year but labour shortages, builder insolvencies and higher global inflation pose headwinds.

Stadium build continues despite $1 billion cost blowout

Stadium build continues despite $1 billion cost blowout

Stadium build continues despite $1 billion cost blowout

Stadium build continues despite $1 billion cost blowout

An independent expert has highlighted major concerns about the cost and location of a new AFL stadium but key decision-makers are maintaining their support.

Rental affordability still stretched, but worst is over

Rental affordability still stretched, but worst is over

Rental affordability still stretched, but worst is over

Rental affordability still stretched, but worst is over

Vacancy rates are edging higher and growth in advertised rents is stalling in welcome news for the nation's renters.

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Weak start, stronger finish tipped for property in 2025

Australia's property market is entering 2025 in a downturn and while interest rate cuts should boost demand, any home price growth rebound is tipped to be mild.

Risk or reward: mandatory climate reporting to begin

The start of mandatory reporting on climate risks for large companies and financial institutions is expected to bring challenges for entire supply chains.

Verdict on how to prevent 'carbon leakage', save jobs

Summer reading for the federal government includes a report recommending a targeted carbon border adjustment mechanism to safeguard jobs in heavy industries.

Worker shortage risks transport, green energy rollout

Australia's building sector is plagued by poor work conditions and stagnant productivity, impeding the transport and energy projects the nation needs to grow.

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'Whitewash': doubt cast over fixes for 'rotten' CFMEU

Measures may not be strong enough to weed out construction sector criminality after revelations of bikie and organised crime figures infiltrating the CFMEU.

'Sense of urgency': extra social homes fast-tracked

Funding an extra 5000 social properties through a partnership with the community housing sector will help get more people into homes sooner, advocates say.

'Not bringing down a premier': new turn in track plan

A probe into a controversial proposal to turn a historic racecourse into housing has delivered the latest salvo in a divisive debate over the facility's future.

Boral cements position as emissions-busting tech leader

After almost 100 years burning coal, a revamped cement works will reduce the carbon footprint of one of Australia's most heavily polluting industries.

2032 Olympic Games countdown begins with venue review

The countdown to the Brisbane Olympics has begun with an independent infrastructure review body to deliver a 2032 Games venue blueprint in 100 days.

Union members march against changes to work conditions

The mother of a construction worker who died of heat stress has marched alongside thousands of unionists to maintain workplace rights.

Mining hubs lead regional property price rise

Affordability and lifestyle choices continue to drive up property prices in regional Australia, but there are signs the heat is coming out of the market.

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