Today
- Exclusive
- Property development
Former AFL star Fraser Brown pays $190m for Cranbourne Golf Course
The 70-hectare site in Melbourne’s south-east will support up to 1500 new homes with an end value of about $1 billion.
- 1 hr ago
- Larry Schlesinger
Yesterday
Demand for housing and sheds to drive Frasers forward
Frasers’ booming Australian residential and industrial businesses will help drive profits at the Singaporean giant, after they fell at the half-year stage.
- Larry Schlesinger
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.
- Michael Bleby
- Exclusive
- Property development
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.
- Michael Bleby and Larry Schlesinger
NSW, developers at loggerheads over infrastructure contributions
Scrapping two new developer levies in NSW would clear the way for at least 50,000 extra homes over five years, according to the property industry.
- Campbell Kwan
Whyalla steelworkers cop 30pc pay cut as furnace damage worsens
The major plant, owned by Sanjeev Gupta’s GFG Alliance, has not been producing for months. South Australian officials are seeking an “independent assessment”.
- Simon Evans
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
- Michael Bleby
Sanjeev Gupta calls in rival to help Whyalla steelworks strife
Steel traders say customers of the Whyalla steelworks, which has been offline for almost two months, are ordering supplies from Asia amid uncertainty over a restart date.
- Simon Evans
- 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.
- Michael Bleby
- Exclusive
- Tax avoidance
Tax office moves on administrators in ‘$180m tax fraud’
The administrators of a formwork company involved in what could be the country’s biggest tax fraud are facing court action for reducing an $11 million payroll tax debt to just $1.
- David Marin-Guzman
$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.
- Michael Bleby
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.
- Michael Bleby
Crown Group’s divorce nears finish as assets get divvied up
Since liquidators were appointed to Crown Group, the founders have bought assets from each other while selling unfinished projects to repay lenders.
- Campbell Kwan
- Opinion
- Property development
Housing construction is collapsing around Australia. Here’s why
Developers can charge buyers more, or the costs can come down to make apartment developments viable. It’s clear which is better, Robert Harley writes.
- Robert Harley
Court intervenes as workers clash during CFMEU strike
The builder of Queensland’s biggest infrastructure project has won urgent orders to stop the union’s alleged unlawful behaviour after footage emerged of brawls and punch-ups between construction workers.
- David Marin-Guzman
April
Downer EDI employees, council workers ‘seriously corrupt’, ICAC finds
Two former employees of Downer EDI were corrupt on transport projects and the company did not always comply with rules dealing with subcontractors, investigators found.
- Jenny Wiggins
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.
- Michael Bleby
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
- Kylar Loussikian
High costs to delay housing supply until end of decade: AFR survey
It’s a case of simple economics choking off the desperately needed supply of new housing as building costs rise faster than house price growth.
- Nick Lenaghan
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.
- Michael Bleby