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Latest news: Construction and Property

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.

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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

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

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

Weak start, stronger finish tipped for property in 2025

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.

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Risk or reward: mandatory climate reporting to begin

Risk or reward: mandatory climate reporting to begin

Risk or reward: mandatory climate reporting to begin

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

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

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

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

Worker shortage risks transport, green energy rollout

Worker shortage risks transport, green energy rollout

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.

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

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

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

'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

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

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

'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

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

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

'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

Boral cements position as emissions-busting tech leader

Boral cements position as emissions-busting tech leader

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.

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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.

Door opens for first-home buyers to unlock ownership

Headway has finally been made on federal housing policy reform with laws set to pass parliament to allow home buyers to buy with a smaller deposit.

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'Common sense' after federal anti-tower housing drive

Plans for high- and mid-rise apartments have been dropped after pressure from federal minister Michelle Rowland, as other areas ready for up to 60,000 units.

Development halted causing 'distress, financial strain'

A major development has been paused after a local council raised significant concerns about the distress and financial strain placed on buyers.

Window on carbon: tracking building supplies from China

Builders can track the carbon footprint and integrity of construction materials along the supply chain from China under a deal struck by an Aussie startup.

'Flippant': Greens' housing scheme demands draw ire

The housing crisis is too serious for the Greens' "flippant ideas" about help-to-buy and build-to-rent scheme reforms, the Property Council of Australia says.

Govt ditching 'sweetheart deal' will cost lives: union

The Queensland government's decision to suspend a "sweetheart deal" with the CFMEU has copped a backlash, with one union claiming it will cost workers' lives.

Property giants see reasons for optimism in real estate

Positive sentiment is returning to the Australian property market, the bosses of Mirvac and Lendlease have told shareholders at their annual general meetings.

Union 'sweetheart deal' suspended in state crackdown

Members have hit out at a state government after CFMEU "perks" were put on ice as a campaign against the beleaguered union heats up.

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