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Latest news: Construction and Property

BlueScope backs Port Kembla steelworkers amid downturn

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.

Lendlease's losses deepen after tough year in property

Lendlease's losses deepen after tough year in property

Lendlease's losses deepen after tough year in property

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

Hey big spender: home prices soar in Olympics host city

Hey big spender: home prices soar in Olympics host city

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.

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Building costs in the frame for ongoing housing crisis

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

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

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

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.

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Fight against 'disgraceful' accessible housing standard

Fight against 'disgraceful' accessible housing standard

Fight against 'disgraceful' accessible housing standard

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.

Landmark conviction over worker's gate-crushing death

Landmark conviction over worker's gate-crushing death

Landmark conviction over worker's gate-crushing death

Landmark conviction over worker's gate-crushing death

The owners corporation of an industrial complex has been fined more than $200,000 for failing to properly fix a broken gate that fatally crushed a worker.

Buyer beware goes out the door in rush to secure a home

Buyer beware goes out the door in rush to secure a home

Buyer beware goes out the door in rush to secure a home

Buyer beware goes out the door in rush to secure a home

Building and pest inspections are being abandoned by desperate property buyers challenged by high prices and scarcity of homes on the market.

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

Mortgage-holders appear to have avoided another interest rate hike, in a welcome development for the federal government with an election on the horizon.

Doubt cast over plan to convert CBD offices into homes

Doubt cast over plan to convert CBD offices into homes

Doubt cast over plan to convert CBD offices into homes

Doubt cast over plan to convert CBD offices into homes

The cost of retrofitting under-used Melbourne CBD offices into residential apartments is proving an obstacle to a key housing policy getting off the ground.

Building 'black hole' link to scared horses, jockey ban

Building 'black hole' link to scared horses, jockey ban

Building 'black hole' link to scared horses, jockey ban

Building 'black hole' link to scared horses, jockey ban

Horse racing at Queensland's biggest track is at a standstill after jockeys refused to ride, claiming a nearby construction site is spooking the animals.

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Using more efficient, longer-lasting light bulbs required by tougher minimum energy performance standards could save homes and businesses thousands of dollars.

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Ex-minister defends Labor on CFMEU as union heads roll

Labor heavyweight Craig Emerson has distanced the party from allegations of criminality within the CFMEU, suggesting it won't cause significant voter backlash.

Intense scrutiny on Victorian response to CFMEU scandal

An Indigenous truth-telling body will investigate worksite allegations against the CFMEU as the Victorian government faces calls to launch a royal commission.

New housing vision built on tooling up more tradies

More construction workers are needed to keep up with soaring demand for housing as NSW earmarks more sites for thousands of extra homes.

Qld freezes talks with union as Vic allegations unfold

No further meetings will proceed between the construction union and Queensland's Labor government while serious allegations develop interstate.

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Victoria backs probe into 'serious' Setka, union claims

Serious allegations levelled at a Labor-aligned construction union and its long-time state boss John Setka must be investigated, the Victorian government says.

Water use points to thousands of homes sitting empty

Fresh research has found almost 100,000 Melbourne homes sat vacant or barely used last year, fuelling calls for existing homes to be used for social housing.

Controversial union boss John Setka suddenly quits

Union heavyweight John Setka has suddenly quit the CFMEU's top role citing "malicious attacks" and "ongoing false allegations" in stories.

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

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

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.

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.

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