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Latest news: Construction and Property

Cheaper materials take edge off home-building costs

Cheaper materials take edge off home-building costs

Residential construction costs have finally stabilised after a prolonged period of strong price growth put pressure on the industry.

Fugitive property developer's daughter faces court

Fugitive property developer's daughter faces court

Fugitive property developer's daughter faces court

Fugitive property developer's daughter faces court

The daughter of fugitive property developer Jean Nassif will challenge allegations she falsified contracts to trigger a $150 million bank loan.

Home lending slips but still well ahead over the year

Home lending slips but still well ahead over the year

Home lending slips but still well ahead over the year

Home lending slips but still well ahead over the year

Both owner-occupier and investor lending slid in May after three months of growth, yet the total value of loans is holding up as property prices rise.

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Old apartment blocks struggling to support EV take-up

Old apartment blocks struggling to support EV take-up

More Australians are buying electric cars but experts warn millions of apartment dwellers may delay making purchases if they can't charge the vehicles at home.

Shoppers still spending but only if a sign says 'sale'

Shoppers still spending but only if a sign says 'sale'

Shoppers have rushed to snap up heavily discounted goods, helping buoy retail sales which were trending weaker as higher interest rates weigh on households.

High office comes complete with hot properties

High office comes complete with hot properties

When Sam Mostyn became governor-general, she was also handed the keys to some of Australia's most striking real estate.

State challenges compo for Sydney light rail disruption

State challenges compo for Sydney light rail disruption

Findings that businesses affected by extended construction of the Sydney light rail should be compensated were wrong, lawyers for the NSW government have said.

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Open door for lenders on climate risks at 11m homes

Open door for lenders on climate risks at 11m homes

Open door for lenders on climate risks at 11m homes

Open door for lenders on climate risks at 11m homes

A data-rich tool will gauge the energy efficiency and climate profile of the nation's 11 million homes, with some already risky for mortgage lenders.

Lehrmann one of Australia's most hated men, lawyer says

Lehrmann one of Australia's most hated men, lawyer says

Lehrmann one of Australia's most hated men, lawyer says

Lehrmann one of Australia's most hated men, lawyer says

Media "harassment" has forced Bruce Lehrmann to move interstate and left him unable to defend himself in a $20,000 property dispute, a tribunal has been told.

Buyers looking to sink their teeth into Luna Park

Buyers looking to sink their teeth into Luna Park

Buyers looking to sink their teeth into Luna Park

Buyers looking to sink their teeth into Luna Park

Sydney harbourside icon Luna Park has been listed for sale and could fetch as much as $70 million from a buyer.

Flipping good deal: property profits hit a 14-year high

Flipping good deal: property profits hit a 14-year high

Flipping good deal: property profits hit a 14-year high

Flipping good deal: property profits hit a 14-year high

More than 94 per cent of national home sales in the first three months of 2024 recorded a nominal gain, the highest profitability rate since 2010.

Chilly residents wonder why Australian homes so cold

Chilly residents wonder why Australian homes so cold

Chilly residents wonder why Australian homes so cold

Chilly residents wonder why Australian homes so cold

As more residents take to social media complaining about cold homes, experts warn chilly interiors can impact people's health and wellbeing even if they rug up.

Commercial buildings next on the block for carbon cuts

Commercial buildings next on the block for carbon cuts

Commercial buildings next on the block for carbon cuts

Commercial buildings next on the block for carbon cuts

Saving on emissions and energy bills for commercial premises is a "no brainer", according to the Property Council, as a push begins for greater electrification.

Dodgy landlords warned against 'double dipping' on tax

Dodgy landlords warned against 'double dipping' on tax

Dodgy landlords warned against 'double dipping' on tax

Dodgy landlords warned against 'double dipping' on tax

The tax office is warning property owners to keep their records up to date and beware of submitting property claims that could need fixing.

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Landlord claims Lehrmann caused $13k in property damage

Bruce Lehrmann is facing claims for almost $20,000 to cover damage and rental loss from the owner of a luxury property in Sydney.

'Nonsense': tradies left off skilled migration list

Australia's building industry says tradies are treated like second-class citizens after key construction jobs were left off a draft priority skills list.

Fast track for applications in race to build new homes

Planning approvals for social and affordable housing will be prioritised as NSW struggles towards meeting its nationally agreed home-building goal.

Housing tower residents given more time to reframe case

A Supreme Court judge has given public housing residents another month to reformulate their case against the Victorian government.

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Green bank unlocks cheap loans for home energy upgrades

Some $60 million in cheap loans is up for grabs as part of a $1 billion federal fund to encourage homeowners to install solar panels and batteries.

Sanction threat for slow councils in NSW housing push

NSW councils have been promised more infrastructure funding for exceeding housing targets, but they could also face sanctions for poor performance.

Lendlease goes local with $4.5b foreign asset sell-off

Property giant Lendlease is giving up its global ambitions and refocusing on the Australian market.

Vehicle or hazard: electric car charge rules under fire

Property developers say installing electric car chargers in apartment buildings is becoming almost impossible due to inconsistent safety rules.

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

More tradies to be trained as housing targets loom

As Australia struggles through a housing shortage driven by workforce issues, the government has committed $90 million to training future construction tradies.

Developers walk away from huge wetlands project

A bid for a multimillion-dollar development on an internationally protected wetland has been canned after the government indicated it would not back the plan.

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