RESEARCH
IN unwelcome news for builders already contending with tight profit margins, residential construction costs have rebounded in recent months and are tracking at their highest rate of...
Labour costs remained a key driver of the increase, pushing residential construction costs up 3.4% over the 12 months to December – the largest annual increase in construction costs since...
The quarterly change in construction costs eased to below 1.0% in 2023 and the first half of 2024, but rose in the second half to be in line with the pre-COVID decade average of...
CoreLogic Economist Kaytlin Ezzy said the latest data, while still showing growth around 40 basis points below the pre-COVID decade average of 4.0%, represents another challenge for...
The CCCI up 30.8% since the onset of COVID. Construction pressures are expected to remain “stubbornly” elevated until at least 2027, according to WT’s latest...
Experts are calling for more action on labour shortages that have drained construction capacity, as the nation embarks on its ambitious National Housing Accord amid an...
Outside of compressed margins and continued labour challenges, the construction industry is also facing a looming shrinkage in the construction pipeline...
Building commencements have been trending lower – Australian Bureau of Statistics data showed dwelling commencements over FY24 at 10-year lows...
These factors have contributed to an increasing number of liquidations. Some 2,832 construction companies became insolvent in FY24, representing the greatest proportion of...
In recent weeks, property developer Bensons Property Group, which has $1.5 billion worth of projects, entered voluntary administration, just a fortnight after...
This was supported by the latest monthly CPI results, which showed new dwelling purchases sub-categories recording a 0.6% decline in November. The ABS noted the fall was...
Over the year to November, new dwelling prices increased 2.8%, compared to a 2.3% increase in headline inflation...
CoreLogic construction cost estimation manager John Bennett said movements in the costs of specific components varied for the quarter...