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The Latest Breaking News from Tim Reardon

Thousands of new brickies, sparkies to bolster housing

A new apprenticeship scheme could soon help bring construction costs down, but another key factor has been identified as the biggest impediment to new housing.

In Paris it’s normal to raise a family in a three-bedroom apartment. Why aren’t we building more in Australia?

In Paris it’s normal to raise a family in a three-bedroom apartment. Why aren’t we building more in Australia?

Family-friendly apartments are in fierce demand given skyrocketing house prices. Some councils think mandates might deliver larger units

The Guardian - AU

Price moves to help RBA plot course through uncertainty

Price moves to help RBA plot course through uncertainty

Australia's central bank will seek signs of stability as it tries to chart a course to lower interest rates through the murky waters of global uncertainty.

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Economists less confident of RBA rate cut than market

An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.

Financial regulations are 'punishing' first homebuyers

Overbearing financial requirements placed are worsening housing equity by making it harder for first homebuyers to access mortgages and benefiting investors.

Feeling the pinch: why are so many Australian businesses failing?

The high cost of living and the ‘bullwhip effect’ have had a deleterious effect, particularly on food services and building, resulting in a decade-high 10,000 collapses

The Guardian - AU

How much does it cost to build a new home in 2023?

The good news is that costs are rising more slowly than in 2022.

The Canberra Times

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Construction company collapses tipped to continue due to rising material costs, interest rates hikes

Construction company collapses tipped to continue due to rising material costs, interest rates hikes

Experts say the rate of construction companies going broke is set to continue across the country, as material costs and interest rates rise. Some builders say the situation is tougher than following the global financial crisis.

New home builds becoming more expensive amid increasing cost of glass, cement, aluminium

New home builds becoming more expensive amid increasing cost of glass, cement, aluminium

No sign of new home builds getting cheaper as prices for energy-intensive materials such as concrete and glass continue to rise, despite supply chain delays easing.

Building industry faces 'nerve-racking' 2023 amid double-whammy of rate hikes and inflation

Building industry faces 'nerve-racking' 2023 amid double-whammy of rate hikes and inflation

Just as increases to construction material prices are starting to slow down, builders are facing a new threat, with rising interest rates forcing clients to cancel their contracts.

Oracle Homes collapse leaves hundreds in the lurch, but what is the forecast for building a home?

Oracle Homes collapse leaves hundreds in the lurch, but what is the forecast for building a home?

As hundreds of property owners wait to see what will become of their unfinished houses following the collapse of Oracle Homes, we asked the experts what the future may hold.

New house building to decline: report

New house building to decline: report

Successive rate hikes are expected to slow new construction activity, although demand for new units is likely to remain strong.

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