New Developments
newsAnxious wait for creditors and contractors as 30 St Hilliers projects worth $300 million stuck in limbo
Work has stopped on 26 building projects worth around $300 million across Australia following the collapse of the construction arm of St Hilliers.
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developmentsMore high-rise development is the key to repairing Australia’s property market: Harry Triguboff
People who buy the apartments prefer taller buildings because they allow more light and afford views and are cheaper to run than lower ones.
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developmentsBe wary of DA-approved sites on the market
Most DA-approved sites I come across are on the market for one reason. They don’t work.
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residentialAustralian housing construction to remain in the doldrums for next year: CSR
CSR estimated total housing starts in Australia will fall to about 140,000 in the year to March 2013, down from the 148,300 in 2012.
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developmentsCentral Park’s third stage The Mark unveiled, with $480,000-plus Chippendale buyers to customise their interiors
The Mark is the third residential stage at the $2 billion Central Park development in Sydney’s Chippendale.
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industry newsSt Hilliers construction arm placed in voluntary administration
The construction arm of St Hilliers has been placed into voluntary administration due to funding issues relating to the Ararat prison project.
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residentialMelbourne high-rise approvals to halve compared with last year as construction slows: Oliver Hume
The rate of construction of Melbourne apartment projects is expected to slow due to projects taking longer to transition from marketing to construction.
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residentialNo imminent recovery in home building: RBA
The Reserve Bank does not expect the residential construction sector to mount a recovery in the near future, assistant governor Philip Lowe has said.
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developmentsSales ramp up for Lend Lease Docklands project Convesso Concavo
Lend Lease has sold about 70% of the units in its luxury Victoria Harbour development Convesso Concavo.
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developmentsHarry Triguboff wants more Sydney sites as he anticipates Chinese developers could develop a presence
Meriton boss Harry Triguboff is seeking fresh Sydney residential development sites, as well as increasing output, as he’s noticed an uptick in local apartment buying interest.
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