A Japanese company has unveiled a plan to build a $250 million commercial tower on Ann Street... »
News
Japanese to build new Brisbane ‘icon’
A Japanese company has unveiled a plan to build a $250 million commercial tower on Ann Street... »
Big construction projects on ice, non-residential construction still rising
According to Emporis, a provider of global building data, work on skyscrapers across the globe has slowed significantly The firm states that regarding skyscrapers—defined as buildings 100 meters tall or higher—work has stopped on 8.7% (124 of 1,431) of tall buildings already underway worldwide. While slowing conditions in the U.S. real estate market is... »
Work on 124 Skyscrapers Stopped by Financial Crisis
Anybody involved in real estate is probably aware of how the current financial crisis is slashing construction starts worldwide. Yet another alarming indicator shows up in the database of Emporis GmbH, the world’s largest provider of global building data. Looking only at skyscrapers, which Emporis defines as buildings at least 100 meters tall, work... »
Commercial property industry seeks bailout aid
NEW YORK (Reuters) – A group of trade associations representing the U.S. commercial real estate industry is lobbying to be included in the Federal Reserve’s $200 billion asset-backed bailout plan in order to head off a wave of foreclosures over the next few years. In a letter to U.S. Treasury Secretary Henry Paulson, industry... »
Road key to mining push on APY land
ONE of the nation’s most troubled Aboriginal homelands is set to open up to oil exploration and mining in a bid to break the cycle of poverty and welfare dependence. Central to the plan for South Australia’s remote Anangu Pitjantjatjara Yankunytjatjara communities is construction of aroad linking the east to the west, creating a... »
$18m boost for remote housing
THE two Northern Territory islands of Nguiu and Groote Eylandt will be given $18.5 million to build houses and repair old properties under a Rudd government plan to provide incentives for Aboriginal people to sign private leases over their townships. Indigenous Affairs Minister Jenny Macklin, who will announce the funding today, said the 40-year... »
Australian construction activity slumps in Nov
Activity in Australia’s construction industry shrank for a ninth consecutive month in November as collapsing confidence and tightening lending standards strangled the industry, a survey showed on Friday. The Australian Industry Group/Housing Industry Association performance of construction index (PCI) dropped 4.4 points to 32.0, the second-lowest reading since the survey began in 2005 and... »
Deconstruction of building companies quickens
THE number of Australian companies that have gone into insolvency has soared over the year, with construction firms among the worst affected. Figures from the Construction, Forestry, Mining and Energy Union show the monthly rate of construction companies with winding-up applications against them has gradually increased over the year from 15 in the month... »
Wanted: new universe by the beach
FORGET about the global financial crisis and focus on what really interests Australians over summer: contemplation of the perfect seachange. But where to find such an idyll? After all, hasn’t everything within cooee of the coast been fully priced for years? Well, maybe. But then again, maybe not. The Australian seachange universe is comprised... »
Coastal towns next year’s property hotspots
COASTAL towns from Tully in Queensland to Upper Burnie in Tasmania are tipped to be among next year’s property hotspots, as house prices in capital cities experience modest falls and upmarket property languishes under the strain of the financial crisis. In its final property pulse report of the year, RP Data says it expects... »