Australia has many rising markets charted by an increasing number of house and unit sales. Market sentiment appears to be spurred on by the Reserve Bank cutting interest rates to historic lows this year, APRA removing the 7 per cent interest rate buffer on mortgage lending, and negative gearing left unchanged. Following a period of decline in some markets, Hotspotting.com.au founder Terry Ryder…
Australia’s building and construction crisis will cost $6.2 billion in remediation and associated costs, according to new research commissioned by the construction union. The independent research by Equity Economics in collaboration with Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) analysed the additional costs to owners of remediating water leaks, fire safety breaches, structural failure and combustible…
Our brains are hardwired to make much of modern life difficult. This is especially true when it comes to dealing with uncertainty. On the bright side, if you know the right tricks, you can override your brain’s irrational tendencies and handle uncertainty effectively. Our brains give us fits when facing uncertainty because they’re wired to…
Governments should lease land free of charge to the superannuation industry so more funds can invest in social housing, a former Frasers Property manager has told The New Daily. Robert Pradolin, who runs Housing All Australians – a not-for-profit dedicated to encouraging private-sector investment in affordable and social housing – said the emerging build-to-rent sector had…
The $100M development adjacent to Adelaide’s famed Markets precinct is a revolutionary mix of services in one tower, including the not-for-profit’s first retirement village, which takes up the top six floors. Chief Executive Simon Schrapel (Uniting Communities) explained the objective was to have a genuine community that can – and should – accommodate everyone. The…
Older Australians do not wish to be in the private rental market with 80 per cent demanding ownership. Aspirations are driven by a desire for long-term, stable housing. While the number of bedrooms, building quality and dwelling type are important, safety and security and having somewhere that feels like home are critical for older Australians.…
Of late we are seeing some terrible headlines about the sector and the lack of regulations that exist both to protect people and ensure some sense of logic to the businesses that operate within. The sector as a whole from most recent reports indicate that construction is a $164 billion-dollar industry within Australia alone and…
Construction materials have come a long way over the years. From the use of timber and concrete to cigarette butts and cardboard, builders are looking for newer and more effective materials for their projects. Builders are taking advantage of innovative solutions that will reduce the time and cost of designing new structures. To keep up…
An industry-led research initiative is set to “catapult” the industry into an efficient future, targeting up to a 40 per cent reduction in project costs and delays. Construction giant Lendlease, the University of Melbourne and the Donovan Group, along with 25 other commercial industry, university and government partners, are leading a $28 million funding bid…
The Queensland state government has announced a $351 million commitment towards the next stage of the Gold Coast Light Rail that would connect the southern Gold Coast to the remainder of the line. Stage 3A will extend the existing route by seven kilometres from Broadbeach South to Burleigh Heads and includes eight new train stations.…