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 new rental affordability report has found the housing crisis in Australia is “the worst it’s ever been”. Anglicare Australia is calling on the federal government to build more social housing as it released its annual Rental Affordability Snapshot on Tuesday. Of more than 45,000 rental listings across the country,Continue Reading
One of Perth’s biggest builders appears to be on the ropes financially as the Australian Taxation Office issues it with a wind up order. Simsai Construction Group, an Osborne Park based builder which oversees First Home Buyers Direct, Multi Develop 360, and Express Homes, is understood to have up toContinue Reading
The head of a prominent industry group has advised against overreacting to startling recent data indicating a significant number of businesses leaving Victoria. According to the Australian Bureau of Statistics (ABS), Victoria was the only state to experience a decrease in the number of registered businesses during the last fiscalContinue Reading
Jim Chalmers has accused Peter Dutton of playing divisive politics after the Opposition Leader aired concerns about the effect Australia’s short-term migration intake could have on the housing crisis. Speaking to reporters in Brisbane on Friday, the Treasurer hosed down Mr Dutton’s criticism by saying the migration forecasts included inContinue Reading
A Sydney-based construction company, owned by a Rich Lister estimated to be worth billions, is looking to expand across Australia by taking over projects from other failed builders. Roberts Co is investigating taking on commercial projects that were being run by collapsed Victorian builder Lloyd Group as it could potentiallyContinue Reading
Australia’s horror housing market is set to continue with extreme pain hitting renters and a shortage in home supply set to drag out for years, an alarming new report has revealed. It showed that there will be a shortage of 106,000 homes by 2027 across Australia as a result ofContinue Reading
Australia’s thirteenth largest home builder Porter Davis Homes has collapsed suddenly placing 1700 projects in jeopardy across Victoria and Queensland, while another major construction firm has also gone under. Porter Davis Homes, which employs 470 staff members, appointed liquidators on Friday after failing to find someone to save the firm.Continue Reading
The “perfect storm” that wreaked havoc on Australia’s construction industry is showing signs of easing, but the sector’s top body still predicts a tough road ahead. There was a 5.2 per cent drop in the construction of new homes over the September quarter — down 21.2 per cent since SeptemberContinue Reading