Yesterday
- Updated
- Tax disputes
Lendlease tax woes could trigger second profit downgrade
John Wylie’s Tanarra Capital is pushing for a seat on the Lendlease board, as the country’s largest property group faces the prospect of a damaging profit downgrade after tax officials handed it a $112 million bill.
- Updated
First home buyers purchase from investors in $780,000 sale
This Central Coast home’s proximity to the M1 highway made it popular with tradies commuting to Sydney – and with rates outlooks stabilising, they were confident about buying.
This Month
House builders can’t compete with states’ cash splash
In the race for talent and materials in Australia’s construction game, housing has consistently run in second place to the infrastructure sector.
- Exclusive
- Construction
Gurner-Roberts merger plan sinks
A lack of “chemistry” between the two Rich List business leaders also hindered a merger of their development and construction businesses.
Government’s $91m tradie plan only ‘modest’ boost for home building
Australia’s target of 1.2 million new homes is a crisis of surging demand and a construction workforce facing its own demographic challenges.
- Updated
Victoria adds $700m to home buyer scheme – and calls time on it
There were minimal housing policies in the Victorian budget, but the state government is hopeful of a pick-up in sales next year to boost its finances.
- Updated
Victoria has become a poor state: economist Saul Eslake
The southern state’s high dependence on property and population growth has a fallout felt beyond its borders.
The complicated $1.8m sale of a ‘gamble’ that didn’t pay off
A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.
- Exclusive
- Property development
Red tape puts Labor’s $10b HAFF housing plan at risk
The federal government, set to fall 300,000 homes short of its 1.2 million target, faces another hurdle over workplace health and safety certification.
- Exclusive
- Luxury property
Toorak power couple buy Nick and Camilla Speer’s $25m Portsea pad
Private equity executive Nick Speer and wife Camilla have sold their Portsea holiday compound Rovina to Toorak’s Sophie Oh and Grant Rule.
Australia to fall 300,000 homes short of Albanese’s target
The housing industry welcomes official recognition that the country will fall short of its goals, but warns demand for new homes is still underestimated.
$10b housing fund should be doubled, community providers say
The massive response to the federal government’s first tender to develop affordable and social rental housing shows more funding is needed, developers say.
Ransomware group claims attack on valuer HTW
In a post on the dark web, Black Suit says it has obtained 20 gigabytes of the valuation firm’s customer and transaction data.
A housing boom is coming – for the wealthy
Investors, downsizers and upgraders will drive the next wave of residential development. First home buyers will hardly get a look in.
April
Lendlease needs ‘wholesale change’ now: Allan Gray boss
Allan Gray boss Simon Mawhinney says change that would restore shareholder confidence in the property developer should come immediately.
Stockland says interest rates key to further market improvement
The country’s largest listed diversified developer said sales picked up in the March quarter, but lower borrowing costs were needed for the housing market to pick up.
- Updated
Real estate agent doubles his money by selling own apartment for $6.5m
There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.
Shadow of Bob Day clouds building sector as Collier Homes fails again
The former Family First senator’s WA building company, acquired out of liquidation in 2016, has once again gone under.
HTW employee details may have been compromised in valuer data breach
Banks are still waiting for an independent evaluation of the data breach and some are increasing their restrictions on the valuation firm.
Building materials supplier Lutum goes into administration
The move by directors to try and salvage the Boral spinoff shows casualties in Australia’s precarious home-building sector have spread well beyond builders.
