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Aust construction 'to fold' without Arrium


The closure of steelmaker Arrium would cause Australia's construction industry to collapse within six weeks, its administrator says.

"The impact would be felt far and wide. Arrium long-form structural steel makes up 70 per cent of Australian steel making in infrastructure and construction," KordaMentha's Mark Mentha told AAP on Tuesday.

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Real estate campaign against Labor


The real estate industry is set to launch a grassroots campaign attacking Labor's policy to curb tax breaks for property investors.

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Height limits for Melbourne CBD buildings


New super-tall skyscrapers could be banned in central Melbourne unless they include a park, a childcare centre or an iconic city laneway.

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Vic housing to fall as car making ends


The demise of car manufacturing in Victoria is set to do to Melbourne property prices what the end of the mining boom did to Perth's housing market, research shows.

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Rates likely to be held on strong outlook


Soaring business conditions have increased chances the Reserve Bank will hold rates this year.

Overall business conditions rose from +8.0 to +12 points in March, according to the National Australia Bank's Monthly Business Survey, released Tuesday.

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China is in a free fall

China is in a free-fall, property has peaked and there is talk of a recession. How do you make sure you come out ahead?

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Building approvals rise 3.1% in Feb


Approvals for the construction of new homes rose 3.1 per cent in February, which was better than market expectations of a three per cent rise.

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Home auction clearance rates below 70pct


Many Australians have been too busy enjoying the long weekend to bother selling houses, while auction clearance rates have slipped below 70 per cent for the second week in a row.

A public holiday for half of Australia on Monday has pushed auction volumes significantly lower, the latest weekly reading on the housing market shows.

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Mortgage Choice half year profit up 7.8pct


A 4.5 per cent increase in home loans has helped lift Mortgage Choice lift its half year profit.

The home loan broker says its residential loan book increased from $48 billion to $50.2 billion in the six months to December 31.

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Commercial v Residential Property Investments

Which is better: Commercial or Residential properties?

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Realestate.com.au enjoys profit jump


REA Group, the company behind realestate.com.au, has posted a strong jump in half year profits partly due to more higher paying customers.

The online real estate giant made a profit of $121 million in the six months to December 31, up 28 per cent on the prior corresponding period.

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Sydney, Melbourne home prices up


Home values in Sydney and Melbourne rose in January after falling in the final quarter of last year.

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Shorten not budging on building watchdog


Opposition Leader Bill Shorten says the case has not been made for re-establishing a building industry watchdog.

In light of findings from the trade union royal commission, the government will again pursue legislation to create the Australian Building and Construction Commission when parliament resumes next month.

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Building approvals to slow in November


Building approvals figures out Thursday are expected to show a very mild downtrend in construction activity.

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Property hunters upbeat about 2016 market


Property hunters have big hopes for the new year, with tighter restrictions for foreign investors high on their Christmas wish lists.

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Commercial real estate market on the up


Sydney and Melbourne's home property markets might be coming off the boil, but commercial real estate is tipped to boom in those cities for at least another year.

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Commercial property prices may fall


The central bank says there is an increased risk of a drop in office values, which could weigh on future economic growth.

The Reserve Bank said an influx of investment from overseas has led to an oversupply of office space in some cities, particularly Perth and Brisbane.

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Risks in commercial property market: RBA


A senior Reserve Bank official is urging regulators not to ignore the boom, and the subsequent risks, in the commercial property market.

Dr Luci Ellis, the RBA's financial stability head, says the property market is not just about household mortgages and that policymakers and risk managers need to pay attention to commercial property loans.

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Housing market boosts Harvey Norman


The strong housing market has helped boost homewares retailer Harvey Norman's annual profit, and the retailer expects that support to continue over the medium term.

Harvey Norman's annual net profit for fiscal 2015 has risen 26.6 per cent to $268.1 million, from $211.70 million last year.

Excluding property revaluations, annual net profit was up 19 per cent to $261.84 million, from $220.1 million.

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Property values drive GPT's profit growth


Improved property values have driven strong half year profit growth for office, shopping centre and warehouse owner GPT Group.

The company said growth in the underlying value of its properties was supported by higher income from its 16 shopping centres and 24 office blocks in particular.

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