Soaring property prices have so far failed to revive Australia’s ailing construction industry, with new house and unit orders continuing to fall.
Although a sunny weekend in Sydney and Melbourne promises to bring prospective house buyers out in force, dark clouds threaten to end Australia’s love affair wi…
A possible upside of dismal building approvals is that it could help stabilise struggling markets by preventing an oversupply of property, particularly apartmen…
Building approvals were down 19.6%year-on-year in May, an improvement on the 24.2% drop in April and slightly better than market forecasts for a fall of 21.5%.
As the property downturn picks up steam, apartment developers are going to the wall — and our cities could soon look a lot more like Paris.
Australian building approvals fell modestly in October, led by the apartment sector.
While there is some slowing of construction, figures highlight how important the public sector has been over the past two years in keeping the economy growing.
While others may be “fearful” of the declining Melbourne market, Property Investors Council of Australia chairman and The Property Couch co-host Ben Kingsley se…
Western Australia has taken the title of the state with the largest newly-built houses and apartments in Australia.