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The Latest News from construction and property

No penalties for areas that resist high-density housing

No penalties for areas that resist high-density housing

The NSW government is pushing for inner-Sydney areas to take more new homes as a report highlights the cost to taxpayers of building in outer suburbs.

Crunching the numbers on climate risk without greenwash

Crunching the numbers on climate risk without greenwash

Crunching the numbers on climate risk without greenwash

Crunching the numbers on climate risk without greenwash

Australian companies face mandatory climate reporting as consumers and investors demand information they can trust and action to prevent even higher costs.

Builder sues $3.6 billion resort for cost 'breaches'

Builder sues $3.6 billion resort for cost 'breaches'

Builder sues $3.6 billion resort for cost 'breaches'

Builder sues $3.6 billion resort for cost 'breaches'

The builder delivering Brisbane's new Queen's Wharf resort and casino has sued the project's backers claiming more than $400 million in additional costs.

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Skills week an olive branch to change in career pace

Skills week an olive branch to change in career pace

If work has got you down and the daily grind is feeling bleak, an olive branch and new profession is being offered ahead of national skills week.

Home insurance out of reach as climate disasters surge

Home insurance out of reach as climate disasters surge

The biggest rise in premiums in 20 years has raised concerns households may forego insurance and be even harder hit when the next disaster strikes.

James Hardie soars on strong first-quarter earnings

James Hardie soars on strong first-quarter earnings

Fibre cement building tile manufacturer James Hardie says its operating cash flow was up 64 per cent to a record $US252.3 million in the first quarter.

Home prices to keep rising despite higher rates: REA

Home prices to keep rising despite higher rates: REA

Property prices across Australia are predicted to increase by up to five per cent in 2023, with some capital cities forecast for an even higher growth rate.

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Construction union urges speedy ban of stone benchtops

Construction union urges speedy ban of stone benchtops

Construction union urges speedy ban of stone benchtops

Construction union urges speedy ban of stone benchtops

While a union ban on engineered stone benchtops is set to kick in within months, the head of the CFMEU wants the federal government to act sooner.

Union wants super profits tax to pay for social housing

Union wants super profits tax to pay for social housing

Union wants super profits tax to pay for social housing

Union wants super profits tax to pay for social housing

A union boss is challenging the federal government to think big and slap a super profits tax on big businesses to pay for social housing.

Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Workers made obsolete in the push from coal, oil and gas to clean energy should receive individual career support packages, a business-backed think tank says.

Brutal reality of Australia's housing crisis laid bare

Brutal reality of Australia's housing crisis laid bare

Brutal reality of Australia's housing crisis laid bare

Brutal reality of Australia's housing crisis laid bare

More Australians are missing out on the dream of a home with four in five renters in housing stress, a national housing campaign report reveals.

Sydney going backwards on housing: NSW premier

Sydney going backwards on housing: NSW premier

Sydney going backwards on housing: NSW premier

Sydney going backwards on housing: NSW premier

Sydney is falling behind on building new homes compared with elsewhere in the country, despite being the most acutely affected by shortages and price hikes.

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Federal Climate Minister Chris Bowen has taken a swing at his political opponents, claiming a "cabal of climate denial" runs policy in the federal opposition.

Property giant Lendlease to lay off 740 employees

Property giant Lendlease to lay off 740 employees

Property giant Lendlease to lay off 740 employees

Property giant Lendlease to lay off 740 employees

ASX-listed real estate company Lendlease says it will trim its workforce globally by 10 per cent, with five per cent of its Australian staff to lose their jobs.

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Construction costs slow to lowest rate since pandemic

The cost of building a home has slowed for the first time since the COVID-19 pandemic, taking pressure off the industry following several company collapses.

Fugitive developer's property empire in administration

An administrator has been appointed to Toplace, the development firm of accused fraudster Jean Nassif, leaving a cloud hanging over major property developments.

Victorians to pay the country's most property taxes

An independent report has laid bare the extent to which both the Victorian and NSW state budgets depend on property taxes.

Sydney developer stripped of licence amid police hunt

Property developer Jean Nassif who is accused of fraudulently taking out a $150 million loan has lost his licence after police issued a warrant for his arrest.

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Construction worker fatally crushed at job site

A 20-year-old man who became trapped while working at a job site in Newcastle has died from his injuries.

Fresh support for Porter Davis customers who missed out

The Victorian government has extended its support scheme for Porter Davis customers who were left out of pocket when the company went into liquidation.

Home builder Bentley Homes slides into liquidation

Melbourne-based Bentley Homes has collapsed, citing economic pressures, with the builder abandoning further works.

Hotel bill for homeless jumps as NSW runs out of room

A lack of affordable housing is forcing more people into hotel rooms, with government spending on temporary accommodation rising 22 per cent in one year.

AI to the rescue in housing affordability crisis

AI technology such as ChatGPT could be used to help fast-track building consents, one of a range of strategies put forward to help ease the housing shortage.

Staff pulled from Sydney's strategic planning agencies

NSW's primary planning agency, the Greater Cities Commission, has been gutted of staff, but one think tank reckons there's clear logic to the decision.

Real estate agent stole to keep business afloat

A real estate agent has admitted stealing more than $100,000 from his business trust account to keep his firm afloat after the unravelling of his partnership.

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