NSW Construction Sites Extend Working Hours

Construction progress of a major renovation with red tarp

Tradies and builders in NSW will be allowed to work extended hours after the state government eased restrictions to help businesses survive the coronavirus pandemic. Minister for Planning and Public Spaces Rob Stokes introduced the “extraordinary orders” under the Planning Act last Thursday, 2nd April. Building sites will now be able to operate on weekends […]

Residential Property Prices Rose Almost 4 Per Cent Last Quarter

backyard with grass back deck outdoor seating and bbq

Residential property prices rose in most capital cities in the December quarter 2019, according to data released last week by the Australian Bureau of Statistics. The figures show a 3.9 per cent rise nationally, driven largely by further hikes in Sydney and Melbourne, where prices rose 4.7 per cent and 5.2 per cent in Melbourne, […]

Sentiment strong for property

Smiling-Family

Sentiment is solid for a good start to the year 2020, new research suggests. The ANZ/Property Council Survey for the March 2020 quarter shows that strong house price expectations over the next 12 months have offset modest confidence in the economy, to deliver an improved outlook for the property industry. National confidence levels have increased […]

Housing Rebound Spreads

Home values lifted for the fifth month in a row in November, with all states registering improvement, new figures show. CoreLogic’s national Home Value Index lifted 1.7 per cent over the month, delivering the largest monthly gain since 2003. From its lowest point in June this year, the national dwelling value index has recovered 4.7 […]

Confidence Returning to Housing Market According to the HIA

Pymble kitchen L shaped white island kitchen sink window

According to HIA Chief Economist, Tim Reardon, the cuts to interest rates have more than offset the rise in home prices to ensure an ongoing improvement in housing affordability. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account the latest dwelling prices, mortgage […]

Major Builder Wins Echuca-Moama Bridge Project Contract

Stage three of a contract that will see a second river crossing built between Victoria and New South Wales at Echuca and Moama has been awarded, with construction set to begin in 2020. McConnell Dowell Contractors will undertake the construction works and deliver new bridges over the Murray and Campaspe rivers along with two new […]

What’s changed for first home buyers?

Epping new home front

The past twenty years have brought many changes to our daily lives, such as the impact of social media, wireless technology, a greater awareness of the fragility of our planet – and even first home purchasing. Research conducted by the Australian Housing and Urban Research Institute (AHURI) has revealed that the 22 years between 1996 […]

House Values Stabilise in July

National dwelling values stabilised in July, with five of the eight capitals recording a slight rise in value. The latest CoreLogic Hedonic Home Value Index results, released this week, show that nationally, total home values remained unchanged from the previous month. Values in the combined capitals rose by 0.1 per cent, while regional values fell […]

Average Household Wealth Passes $1 Million

Average household wealth passed the $1 million mark in 2017–18, a rise of 37 per cent compared to just over a decade ago, according to an Australian Bureau of Statistics (ABS) report released today. ABS Chief Economist, Bruce Hockman, said in 2017–18, average household wealth was $1.02 million compared to nearly $749,000 in 2005–06. The […]

Sydney trials world-first concrete road made from industrial waste

New segment of geopolymer road next to classic concrete

A new type of concrete is being trialled in Alexandria, Sydney as part of the City of Sydney’s commitment to reduce carbon emissions. In a world-first green road trial, a 15-metre section on Wyndham Street has been replaced with Geopolymer concrete made using industrial waste from coal-fired power stations and steel manufacturing plants. The City […]