Growth in Australian construction costs finally show signs of easing

After two years of unabated increases in the price to build a new home or renovation, there are signs pressures on construction costs are easing despite lingering labour shortages and volatility among timber, metal and petrol prices. CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new home, returned a growth rate of 0.9% for the first three months of … Continue reading Growth in Australian construction costs finally show signs of easing

Australian construction costs hit new high, but signs of easing emerge

CoreLogic’s Cordell Construction Cost Index (CCCI) ended the year at a new high, climbing 11.9% over the 2022 calendar year, the largest annual increase on record, excluding the period impacted by the introduction of the GST. Q4 key highlights– The Cordell Construction Cost Index (CCCI) rose by 11.9% over the 12 months to December 2022– December quarterly growth rate of 1.9% was less than half the … Continue reading Australian construction costs hit new high, but signs of easing emerge

Australia’s construction costs continue to rise at record rates

CoreLogic’s Cordell Construction Cost Index (CCCI) for Q3 2022 showed national residential construction costs increased at a record rate in the year to September 2022, the highest annual growth rate, excluding the period impacted by the introduction of the GST (10.2% over the year to March 2001). According to the national CCCI, residential construction costs increased by 11.0% over the 12 months to September, exceeding the 10% … Continue reading Australia’s construction costs continue to rise at record rates

New partnership puts focus on housing for all

The Australian Institute of Architects has entered into a new partnership with private sector, for-purpose initiative, Housing All Australians (HAA). The two organisations have executed a Memorandum of Understanding setting out a process of collaboration and range of joint activities.  The partnership recognises the need to do more in the face of Australia’s worsening social and affordable housing crisis. More than 155,000 people are currently on … Continue reading New partnership puts focus on housing for all

Average Cost of Building a New Home in Australia

How much does it cost to build a new house in different states across the nation?   Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design, and labour, several other factors are now influencing the market. Historic low-interest rates, implemented in the wake of the pandemic-related slow-down, have fuelled a general real … Continue reading Average Cost of Building a New Home in Australia

A Gallery-Like Family Home

When designing the Colonnade House in Melbourne’s East. Malvern, Splinter Society were tasked with creating a modern, concrete extension for grand Federation-era home. The vision was to bring these two very different architectural styles together into a single cohesive, family home. With a robust materials palette and deep, moody colour scheme, the architects have done just that! The resulting home cleverly balances old and new, and provides the … Continue reading A Gallery-Like Family Home

HomeBuilder sets new construction record

HomeBuilder sets new construction record

“The number of loans for the construction of a new dwelling increased by 27.1 per cent in the month of September 2020, to the highest result since the Australian Bureau of Statistics (ABS) commenced collection of this data in 2002,” stated HIA’s Chief Economist, Tim Reardon. “The ABS also released its building approvals data today, which is a more lagged indicator of future building work, … Continue reading HomeBuilder sets new construction record

Smoking in Strata

Complaints about passive smoking have escalated in strata communities while residents are spending more time at home due to the coronavirus COVID-19 pandemic. Kevin Turner asked Grant Mifsud from Archers Strata to help with some answers if anything can be done by Bodies Corporate to better protect residents.       Continue reading Smoking in Strata

The Facts About Online Auctions

When on-site and in-room auctions were banned recently it seemed that the real estate industry was well poised not to miss a beat because of the growing popularity of auctions online. Veronica Morgan catches up with auctioneer extraordinaire Damian Cooley to find out why they didn’t kick in as well as everyone thought they would – or did they? Damian tells Veronica.     Continue reading The Facts About Online Auctions

We Visit a Stunner in Terrigal

Each week in the show we will take you inside some properties currently on the market at Realty.com.au and featured on The Property Show. This week it is a spectacular architectural cliffside oasis in Terrigal with jaw-dropping near 360-degree ocean views. The agent from LJ Hooker Tim Andrews will take us inside. Continue reading We Visit a Stunner in Terrigal