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20.01.2022 Does good news for them mean good news for us???? What do you think??? Real signs of a recovery, claims Bristol property developer 29-October-2013 by Mike Ribbeck, The Bristol Post...Continue reading
18.01.2022 Industry confidence surges Jesse Mitchell Property Development and Construction Specialist at Davidson ...Continue reading
11.01.2022 Quality builder
11.01.2022 Councils lock away suburban areas under planning reforms, says Property Council of Victoria COUNCILS are locking away too many suburban areas from housing development under the State Government's planning reforms, says the property industry. In a strong attack on the new residential zones policy, Property Council of Victoria executive director Jennifer Cunich said Melbourne would struggle to accommodate its rapidly growing population. "If we are going to have 90 per cent of t...he suburbs shut down then we're not going to be able to deliver this growth," she said. "That's a really serious issue, and I don't think anybody is fully understanding the implications of this zone reform." But Planning Minister Matthew Guy hit back, saying the Government didn't believe Melbourne should be a "one size fits all construction site". "We have a policy of directing growth to defined areas and we make no apology for this," he said. Councils are drawing up maps for their municipalities based on the new planning zones, which range from minimal development to high density apartment projects. Eastern suburbs councils such as Boroondara and Glen Eira have locked up the great majority of their areas as neighbourhood, or no-apartment, zones. Speaking at a Property Council event yesterday, the organisation's deputy executive director Asher Judah said Mr Guy had to monitor councils' zone plans to ensure there was sufficient development opportunity. "We can't have a situation where there are deadlocks all around town where urban renewal is not taking place because councils don't want to work on achieving population targets," he said. Mr Judah said the council wanted more developments like South Yarra's high-density Forrest Hill precinct. Mary Drost, from residents' lobby group Planning Backlash, said the Government's neighbourhood zone was welcome because it protected suburban amenity. "This is exactly what most people want - developers have had it all their own way for years and the public is sick of it," she said. Peter Seamer, CEO of the new Metropolitan Planning Authority, said his organisation wouldn't be resolving neighbourhood disputes but would work with councils to identify and expedite development opportunities, especially around so-called employment clusters. A series of community forums on the Government's urban development strategy, Plan Melbourne, will be held next month. For details, go to www.planmelbourne.vic.gov.au. See more
08.01.2022 Western Australia remains the top performer but the fortunes of all the states and territories are expected to improve, following the election of a new federal government. Building Material Tiles Tiles to Lead World Building Materials Growth: Report... Melbourne Skyline Victoria Set to Become ‘State of Cities’ excavator Australian Construction Downturn Continues: Report 7 5 billion report Building Cop Saved Consumers $7.5 Billion: Report new house contruction Housing Construction Finance Soars to Three-Year Highs Commonwealth Securities’ quarterly State of States report says there’s been no slippage in WA’s number one ranking and the ACT continues to hold the second spot. But there is now little separating the Northern Territory, Queensland, NSW and Victoria, before a gap to South Australia and a further gap to Tasmania, which lags on all economic criteria. Each quarter CommSec uses eight key indicators to rank the states and territories economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. But CommSec chief economist Craig James says all economies should lift now that the uncertainty of the federal election is finally out of the way. While a slowdown in mining investment will affect some regions, this will be offset by a lift in residential building, he says in the report released on Monday. NSW, Western Australia, Queensland and ACT are expected to benefit most from a lift in home building. In the latest assessment, WA leads the way on retail trade, is second strongest on economic growth, business investment, construction work done, housing finance and population growth, and finished third on unemployment and fourth on dwelling starts. The ACT’s main strengths are in housing and population growth, while the NT finished first in economic growth and construction work done. There is still little separating the nation’s three largest Queensland, NSW, and Victoria. Queensland is strongest on business investment, NSW is strongest on unemployment, and Victoria is second on unemployment and third strongest on housing finance. South Australia is middle ranking on construction work and fifth on housing finance, but is sixth or seventh on every other indicator. Tasmania remains locked at the bottom of the economic performance table, lagging all other economies on all of the eight indicators. However, Mr James said firm wages growth and improved housing affordability on the island state is being reflected in a lift in retail spending. If this leads to increased employment then there will be potential for stronger economic momentum in coming months, he said.
05.01.2022 Housing construction rises strongly The housing construction sector is continuing its solid gains, and the trend is likely to continue into the new year, economists say. New home building approvals rose 14.4 per cent across Australia in September, the Australian Bureau of Statistics said, much better than the forecast rise of 2.8 per cent.... Approvals for private sector houses rose 1.5 per cent, but most of the gains was in the 'other dwellings' category, which includes apartment blocks and townhouses, and was up 31.8 per cent. JP Morgan economist Tom Kennedy said the gain in higher density dwellings made the headline building approvals figures look quite good. 'Increases of that size are usually accompanied by a large payback the following month,' he said. 'So to get a better read on this we should have a look at the data over the next few months and see how that general trend is playing out.' Mr Kennedy said the gain in the less volatile detached houses category has been building on consistent gains over the past few months. 'The residential property market is improving and is ticking higher,' Mr Kennedy said. In the year to September, total building approvals gained 18.6 per cent. National Australia Bank senior economist Spiros Papadopoulos said although the September rise was mainly driven by the approval of multi-unit buildings, it showed that the housing market was continuing to recover. 'In trend terms, we are seeing a gentle recovery happening in building approvals,' he said. 'We are seeing small gains in private housing, which is supportive for dwelling investment going forward. 'From an economywide perspective, there are more jobs and labour resources that go into building one house than building one apartment. 'You'd much rather have, from a dwelling investment perspective, 5,000 new homes being built than 5,000 apartments because there'd be a lot more job creation.' Mr Papadopoulos said the building approvals now needed to translate into actual building before people could start feeling confident about a construction recovery.
