The Urban Developer At least half Australia’s building companies are trading insolvent, teetering on the brink of collapse and the construction industry’s troubles are “about to get a whole lot worse”. So says Association of Professional Builders co-founder Russ Stephens as the casualties in the country’s pressure-cooker construction sector keep piling up. “Our estimate is […]
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The West Australian WA will finally introduce mandatory building inspections as part of moves to clean up the construction industry — but the changes will not come into effect until 2026 at the earliest. Even then, only high-rise apartments and commercial builds will be captured by the first tranche of legislation, with single residential homes […]
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A SUMMARY OF THE INSTITUTE’S MONTHLY UPDATE ON THE WA MARKET WHICH WAS PUBLISHED THIS WEEK UDIA Chief Economist, Tim Connoley, this week published his latest report on the WA market. In essence he said that the low rate environment has encouraged the two most sensitive market segments: investors and First Home Buyers (FHBs). Investor […]
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