It’s time to have an honest conversation about the housing crisis – because it’s not going to get better anytime soon. If you don’t believe me – take a look at the latest stats from the Australian Bureau of Statistics. In March, only 12,500 homes were approved for construction. That’sContinue Reading
The latest numbers from an economic measure known as the ‘crane index’ show positive momentum in the residential construction sector, which offers a glimmer of hope for Australians being hammered by the housing crisis. Right now, the number of cranes in the sky on building sites across the country hasContinue Reading
A home builder in Perth has gone under, one more company failure in a growing list that’s a cause for concern for the building and construction industry. Joondalup-based builder Intellibuild Constructions has had its registration renewal knocked back the Western Australian Building Services Board on financial grounds. While the company,Continue Reading
Another Aussie builder has fallen victim to the construction crisis seizing the country. Zadro Constructions had to lay off all seven of its staff as it went into voluntary administration last month. Grant Thornton Australia was appointed as administrator for the western Sydney-based outfit on September 15. The company’s websiteContinue Reading
Another Australian building company is in trouble, with Victorian-based builders Harmac Group calling in administrators. The firm on Wednesday confirmed they have gone into voluntary administration, but deny they’ve collapsed, insisting they’ll work with administrators Cor Cordis in order to complete current contracts. The administrators will examine subsidiaries under theContinue Reading
Sex sells, but does it when a single tomato costs almost $1 and the cash rate is at 4.10 per cent? Sex worker Jenna Love is a Sydney based escort, and she’s currently watching her industry adapt to these strained financial times. When you are a sex worker, you areContinue Reading
It’s been almost two weeks since Treasurer Jim Chalmers announced that Michele Bullock will take over from Philip Lowe as Reserve Bank Governor – and it’s clear she has her work cut out for her. First, Bullock will be tasked with overseeing the Albanese government’s new reforms to the ReserveContinue Reading
Taxpayers have spent $367.08m paying out employees of collapsed businesses since the onset of the Covid-19 pandemic. Data from the Department of Employment and Workplace Relations reveals more than 20,000 payments have been made under the Fair Entitlements Guarantee Act between March 1, 2020 and May 31, 2023. Under theContinue Reading
Outspoken tech executive Matt Barrie has blasted the Albanese government’s record high immigration intake as a “national disgrace” in a blistering speech to business leaders and bureaucrats. The Freelancer chief executive, speaking at The SMH Sydney 2050 Summit on Monday, tackled the hot-button issue of migration and housing in aContinue Reading
Newly installed NSW Opposition Leader Mark Speakman will fight to keep a keystone policy of former premier Dominic Perrottet that seeks to replace costly stamp duty charges with a smaller annual property tax. Since January 16, first-home buyers have been able to choose between paying stamp duty or an annualContinue Reading