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The Latest News from construction and property

Plan to grasp $62b opportunity 'hiding in plain sight'

Plan to grasp $62b opportunity 'hiding in plain sight'

Improving construction could save billions of dollars for infrastructure already in the pipeline or deliver more projects for the same price, constructors say.

Calls to come under one roof to tackle housing crisis

Calls to come under one roof to tackle housing crisis

Calls to come under one roof to tackle housing crisis

Calls to come under one roof to tackle housing crisis

The number of Australian renters is set to grow as available homes dwindle and prices soar, prompting calls for the government to come together on solutions.

Construction boss guilty of $10m fraud in marathon case

Construction boss guilty of $10m fraud in marathon case

Construction boss guilty of $10m fraud in marathon case

Construction boss guilty of $10m fraud in marathon case

A Sydney construction boss and four others have been found guilty of a conspiracy to defraud the tax office of more than $10 million over two years.

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Warning for national housing target after approval data

Warning for national housing target after approval data

Peak construction bodies have warned that a boost in building approvals in July was not enough to hit the national target of 1.2 million new homes by 2029.

Jury mulls $13m tax fraud after crime proceeds verdicts

Jury mulls $13m tax fraud after crime proceeds verdicts

A jury is still grappling with conspiracy charges in a $13 million tax fraud despite finding a construction boss and others guilty of dealing with dirty money.

Emerald City gets an F on housing target report card

Emerald City gets an F on housing target report card

A slow planning system and lack of infrastructure such as water and power means Sydney and surrounding regions will fail to hit the national housing targets.

CFMEU legal luck questioned as blue-collar anger boils

CFMEU legal luck questioned as blue-collar anger boils

More than 50,000 angry protesters rallied against the construction union being put into administration but its chance of winning a legal fight is questionable.

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'Negligent villains' blamed for cladding fire risk

'Negligent villains' blamed for cladding fire risk

'Negligent villains' blamed for cladding fire risk

'Negligent villains' blamed for cladding fire risk

A combustible cladding manufacturer has defended its product in court, saying misuse by negligent building professionals created an increased fire risk.

Bikies banned from government worksites in crackdown

Bikies banned from government worksites in crackdown

Bikies banned from government worksites in crackdown

Bikies banned from government worksites in crackdown

Bikies and organised crime members have been banned from consorting or entering Victorian government worksites under long-awaited laws.

Class action seeks 'fullest relief' over dodgy cladding

Class action seeks 'fullest relief' over dodgy cladding

Class action seeks 'fullest relief' over dodgy cladding

Class action seeks 'fullest relief' over dodgy cladding

A group of building owners has asked a judge for the maximum relief possible after spending millions replacing combustible cladding that caused a fire risk.

'Dangerous' building cladding used despite fire risks

'Dangerous' building cladding used despite fire risks

'Dangerous' building cladding used despite fire risks

'Dangerous' building cladding used despite fire risks

Building owners are seeking millions in damages over combustible cladding that could rain flaming debris on those below, like during the Grenfell Tower blaze.

Construction workers plan protests over takeover move

Construction workers plan protests over takeover move

Construction workers plan protests over takeover move

Construction workers plan protests over takeover move

Unions are set to hold protests as a legal battle looms over the government placing the CFMEU's construction arm and associated branches into administration.

CFMEU is down but the court battle may be just starting

CFMEU is down but the court battle may be just starting

CFMEU is down but the court battle may be just starting

CFMEU is down but the court battle may be just starting

A possible court challenge could threaten the government's attempt to tackle the CFMEU's alleged corrupt behaviour and criminal links.

New home for heritage railway shed at stadium site

New home for heritage railway shed at stadium site

New home for heritage railway shed at stadium site

New home for heritage railway shed at stadium site

Renders of Hobart's planned AFL stadium have shown how a heritage-listed railway shed will be incorporated into the project.

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Iluka weighs rare earths expansion as profit slides

A critical minerals company says talks with the federal government are "very well-advanced" as it seeks more support to get a rare earths refinery built.

Crack down on construction union clears final hurdle

The CFMEU has signalled it could challenge new laws forcing it into administration for at least three years, as parliament agreed to pass the reforms.

Iron ore price drop sounds budget alarm bells

David Littleproud has cautioned the government to keep an eye on its spending as China forecasts worsening demand for Australia's most important export.

BlueScope backs Port Kembla steelworkers amid downturn

A major steelmaker warns of tough conditions as it braces for rising electricity, gas and labour costs amid a stubbornly soft home building market.

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Lendlease's losses deepen after tough year in property

Lendlease has extended its bottom line losses to more than $1 billion after taking a hit in a tough market as charges related to its new strategy took a toll.

Hey big spender: home prices soar in Olympics host city

The launch of an eye-watering penthouse development targeting ultra-wealthy buyers is a sign of the times in one of Australia's hottest real estate markets.

Building costs in the frame for ongoing housing crisis

The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.

Demolition deal signed despite ongoing class action

A contract to demolish three public housing towers has been signed even though a case against Homes Victoria is yet to begin Supreme Court trial proceedings.

Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

Property giant Mirvac warns of 'challenging' conditions

Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.

Fight against 'disgraceful' accessible housing standard

Living in a home built with accessibility in mind is a dream Julie Charlton and others with disabilities like her want to be made a national reality.

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