Approvals fall but builders still busy

There was a further drop in the number of new homes approved for building across Australia during April 2022. There was a further drop in the number of new homes approved for building across Australia during April 2022. Latest ABS data indicates there was a 2.4 per cent drop in the total number of new […]

How can Australia’s dire construction labour shortage be solved?

The Australian building industry finds itself in a catch-22 situation as it seeks to attract workers and meet the housing supply needs of the country but possible solutions abound, according to experts from across the sector. The Australian building industry finds itself in a catch-22 situation as it seeks to attract workers and meet the […]

Metricon suppliers throw support behind embattled builder

Australia’s largest building company, Metricon, has denied reports that it is facing insolvency or at risk of joining a long line of major builders to go into liquidation. Embattled builder Metricon, which was sent reeling last week following the unexpected death of its Chief Executive Officer and founder and subsequent speculation around its financial viability, […]

Metricon face media to deny reports of insolvency

Australia’s largest building company, Metricon, has denied reports that it is facing insolvency or at risk of joining a long line of major builders to go into liquidation. Australia’s largest building company, Metricon, has faced the media today (19 May) to deny reports it is at risk of insolvency or of joining a long line of […]

Australia’s largest builder in crisis talks with state government

Australia’s largest building company, Metricon, has denied reports that it is facing insolvency or at risk of joining a long line of major builders to go into liquidation. Australia’s largest building company, Metricon, has denied reports it is facing insolvency or at risk of joining a long line of major builders to go into liquidation. […]

Despite turbulence, more new homes being built and sold

Despite the turmoil associated with the building industry and prospective property buyers confronting rising interest rates and uncertain market conditions, the number of new homes being built and Despite the turmoil associated with the building industry and prospective property buyers confronting rising interest rates and uncertain market conditions, the number of new homes being built […]

Calls for construction summit as more builders fail, costs soar

As another major builder hit the wall this week, a peak industry bosy has called for a national crisis summit to address the issue, including new data showing building costs have skyrocketed. As another major builder hit the wall this week, the peak body representing the interests of 2.5 million apartment and unit owners in […]

Half billion-dollar luxury precinct for upmarket Perth suburb

Melbourne-headquartered property developer Gurner has made its first foray into the Perth market with a $500 million luxury apartment complex in upmarket Nedlands. Melbourne-headquartered property developer Gurner has made its first foray into the Perth market with a $500 million luxury apartment complex in upmarket Nedlands. Once complete, the precinct will combine approximately 275 high-end apartments across three buildings which will […]

Housing supply drying up, threatening affordability for years to come

A new report on the state of the nation’s housing market has put state government’s on notice, highlighting the urgent need to address severe shortages in housing supply. The National Housing Finance A major supply crunch is heading towards the nation’s housing market at breakneck speed, threatening to wreak havoc on property affordability. Various state and […]

Building sector on shaky ground as supplies strangled, costs soar

The foundations of the Australian housing construction industry may not be crumbling but are looking decidedly shaky in the face of mounting problems driving some established builders to the wall. The foundations of the Australian housing construction industry may not be crumbling but are looking decidedly shaky in the face of mounting problems driving some […]