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    Property development

    Today

    Peter Dutton’s migration and housing changes explained

    The opposition leader says his changes to permanent migration and housing laws will help Australians by “restoring the dream of home ownership”. Will the changes be effective?

    • Michael Read

    This Month

    Avid Property Group CEO Cameron Holt.

    Developer Avid flags $1.4b land lease housing play

    The privately owned developer that acquired Villa World in 2019 has expanded into the fast-growing land lease business. At scale.

    • Michael Bleby
    Lenders have appetite to provide finance for developments, but most of that money is going to smaller, luxury projects.

    Lenders’ preference for luxury units a blow to housing supply hopes

    Mortgage broker Stamford Capital is arranging construction finance for developments worth $5 billion. All of them are luxury apartment projects.

    • Larry Schlesinger
    Artist’s impression of Jinding’s 550 lot Broadstead housing estate in Kilmore.

    Jinding’s funds management team strikes out on its own

    The rebranded group will run as an alternative fund manager and continue to invest in Jinding’s $2 billion pipeline.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Import, yes, but also build local skills: Matt Haines on site in Lake Macquarie, NSW.

    Imported tradies need to live somewhere too

    To fix the housing shortage the government needs to train many more building industry workers at home as well as fast-tracking visas for foreign tradies, builders say.

    • Michael Bleby
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    The golf course could support a $1 billion housing estate.

    Former AFL star 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.

    • Larry Schlesinger
    Confident about its housing business: Frasers residential boss Cameron Leggatt.

    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

    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
    • Michael Bleby, John Kehoe and Aaron Weinman
    Developer Ashley Williams says Victoria’s decision to cut its infrastructure pipeline will free up little capacity to boost housing construction

    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
    Tim Gurner.

    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
    Matt Carolan in Sydney, where his new platform will focus its initial efforts.

    Dutch pension fund giant puts $700m into Sydney build-to-rent start-up

    Apt.Residential has won the backing of PGGM, which has committed $700m to the rollout of 2500 apartments.

    • Larry Schlesinger
    Houses in Zhouzhuang old town. Home buyers are no longer focused on new builds.

    Why the Chinese are warming to ‘second-hand’ homes

    With tens of thousands of new developments yet to be completed, house hunters are looking again at older buildings. End buyers don’t trust developers any more.

    • Thomas Hale, Wang Xueqiao, Andy Lin and Chan Ho-him
    Amid a surge in Perth property prices, the WA government will give owners of vacant homes $5000 if they make them available for long-term renters.

    Landlords offered $5000 lure for housing fix

    Amid a surge in Perth property prices, the WA government will give owners of vacant homes $5000 if they make them available for long-term renters.

    • Tom Rabe
    Victorian Premier Jacinta Allan (centre) with Planning Minister Sonya Kilkenny in Melbourne on Monday.

    Victoria open to tax breaks to boost home building

    Premier Jacinta Allan says her Labor government is open to pulling every lever available to boost housing supply, after developers called for taxation tweaks to boost investment.

    • Gus McCubbing
    Not clear: a Commonwealth tender requirement for certification excludes smaller and regional builders from work under the $10b HAFF funding program.

    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
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    Guests at the Lang Walker memorial

    ‘Larger than life’: packed memorial farewells Lang Walker

    Friday’s two-hour public service for the property developer and Rich Lister, who died in January, was attended by a who’s who of Australian business and politics.

    • Robert Harley
    The 37 largest community housing providers bid for funding to develop more than 26,000 social and housing units in developments such as this one in western Sydney’s Penrith.

    $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
    Productivity is now in its biggest stall for six decades.

    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
    City West Housing will turn the 20-26 Bourke Road site into 138 apartments for affordable housing.

    Addenbrooke sells site meant for controversial land swap deal

    The property developer has sold the Sydney site that sparked a reshuffle of the A2B board, ending an almost three-year saga.

    • Campbell Kwan