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Building approvals dip but demand is solid


A larger-than-expected drop in building approvals isn't overly concerning because demand for detached homes remains solid, economists say.

Approvals fell 5.2 per cent in May, worse than market expectations of a 3.5 per cent drop.

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Housing markets reflect mining trends


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Parties rule out housing land intervention


Don't expect a coalition or Labor federal government to directly intervene in state land supply decisions in a bid to make housing more affordable.

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Tas first-home builders to get $2k grant


First-time Tasmanian home builders will be eligible for an increased state government grant of $20,000 under a revised scheme written into the upcoming budget.

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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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Housing settlement risk looms


A prominent research firm has echoed concern voiced by the Reserve Bank last month over a looming buildup in new home units on the market.

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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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Melbourne's 'Pantscraper' tower hemmed in


A $1.3 billion tower nicknamed the "Pantscraper" has been hemmed in, with the Melbourne developers agreeing to take six stories off it.

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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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New home sales decline sharply in Feb


 

New home sales have lost some of their lustre, as residential construction continues to slow.

Housing Industry Association data shows that new home sales fell 5.3 per cent in February, following two months of gains.

Detached house sales slipped 3.9 per cent, while multi-units sales plummeted 10.6 per cent.

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No cap in Labor's negatively gearing plan


Labor policy will allow investors to negatively gear multiple newly constructed properties, even though Opposition Leader Bill Shorten is reluctant to say so.

One of Mr Shorten's major lines of attack for limiting the use of negative gearing is that investors buying several established properties crowd out first-time buyers.

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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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Investment slump to deepen: Access


The amount of capital spending in the pipeline has fallen by $177 billion in the past three years and is set to slump even further in the coming year or two.

By the final quarter of 2015, the amount of capital investment to be worked through has fallen to $777 billion, down by $56 billion from a year earlier, according to the quarterly Investment Monitor report released by Deloitte Access Economics (DAE) on Thursday.

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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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Apartment-building buoys construction


Growth in the construction industry slowed to a crawl in November, with an ongoing surge in apartment-building the only bright spot, offsetting weakness in other areas.

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Housing construction hits all-time high


Housing construction has hit an all-time high, a sign that the sector will soon become the biggest driver of economic growth in Australia.

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New home sales rebound in August


Housing sector growth looks set to continue after a rebound in new home sales in August.

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Melbourne skyline cut down to size


Melbourne's growing skyline will be reined in by the state government under strict new planning laws for the CBD.

New density restrictions are likely to significantly reduce the height of the city's future skyscrapers as the government, in partnership with the City of Melbourne, reviews planning controls over the next 12 months.

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