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.Read More
The real estate industry is set to launch a grassroots campaign attacking Labor's policy to curb tax breaks for property investors.Read More
New super-tall skyscrapers could be banned in central Melbourne unless they include a park, a childcare centre or an iconic city laneway.Read More
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.Read More
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.Read More
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?Read More
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.Read More
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.Read More
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.Read More
Which is better: Commercial or Residential properties?Read More
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.Read More
Home values in Sydney and Melbourne rose in January after falling in the final quarter of last year.Read More
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.Read More
Building approvals figures out Thursday are expected to show a very mild downtrend in construction activity.Read More
Property hunters have big hopes for the new year, with tighter restrictions for foreign investors high on their Christmas wish lists.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More