The building and construction industry continues to be buffeted by many challenges which show no sign of abating. Master Builders Queensland has undertaken a survey in order to gain a better understanding of the nature of these challenges, how they expect to change going forward and how contractors are responding in their business practices. Current
Townhouses have been around for a long time, with demand for this type of dwelling picking up more recently and is expected to increase. Where is all this demand coming from? There are two key demographics creating the demand - young families and retirees. Young families The demand from from young families is coming in
New data from CoreLogic for the third quarter of 2022 has indicated the severity of the construction cost crisis plaguing Australia. The research firm’s Cordell Construction Cost Index (CCCI) found that in the 12 months to September 2022, national residential construction costs increased a record rate of 11 per cent. Quarterly growth rested at 4.7
Brisbane-based townhouse developer AR Developments has filed plans for 122 units south-east of the Queensland capital—and several hundred homes for wayward koalas right next door. In a development application before the Redlands City Council, AR Developers have asked for a material change of use for a 4.65ha site upon which they plan 20 quadplex units, eight
From October next year, all new homes will need to meet accessibility and energy efficiency requirements in many parts of Australia. Queensland's peak industry body, Master Builders, said they anticipated the changes would add an extra $30,000 to an average build. "It's the first homebuyers who are most impacted, who are struggling to get a
Women are increasingly doing it for themselves when it comes to investing. While research five years ago found that only a third of investors were female. Back then, the average real estate investor was a married, wealthy, middle-aged man with a high income and full-time work; that’s now rapidly changing. It found that 32 per
It’s a tough time to build or renovate a house in Australia. Prices are up, well above inflation. Finding materials and getting them on time is a challenge. Builders are grappling with too much work and stress (with some folding as costs rise too fast). Customers are being confronted with eye-watering price quotes. And as any would-be home builder
There's ‘no end in sight’ according to experts, with more building companies at risk of collapse as supply costs surge and delays increase. Another major Queensland construction company has collapsed, reportedly leaving hundreds of customers with unfinished homes and suppliers reeling. Residential builder Oracle Building Corporation Pty Ltd went into liquidation last week, with an
There have been some big changes this month throughout Brisbane, and we are now seeing a split market whereby the median value for houses has retracted, whilst at the same time, the median value for units and townhouses has continued to grow. Whilst there are still a number of buyers in the market throughout
High property prices and increased cost of land have seen demand for new-build duplexes and townhouses explode, according to recent Australian Bureau of Statistics (ABS) data. Property prices have steadily increased over the past decade, before soaring during the past 2 years amid the pandemic lockdown. As Australia’s population expands and our suburbs become more heavily populated,
