Discover the latest updates and essential insights in the building and construction industry. For all significant news and developments, this is your go-to source.
Set yourself up for success
Start the new year strong with support from the NSW Government. Explore a range of programs designed to help your business grow in 2025, including:
- Financial incentives to hire an apprentice or a trainee.
- Help to set your business up to export products and services internationally
- Fee-free short courses in...
Engineering construction keeps the economy moving
There was a 3.3 per cent increase in the volume of engineering construction work done during the September 2024 quarter, according to new data from the Australian Bureau of Statistics.
This was predominately driven by a strong 5.5 per cent expansion in public sector projects.
However, private sector engineering construction...
Building Industry's Apprenticeship Problem: A Call for Action
The building and construction industry is facing a shortage of apprentices, a situation that threatens the feasibility of meeting Australia's ambitious housing targets. Brian Seidler, Executive Director of the Master Builders Association NSW, recently discussed this critical issue in a 2GB radio interview, highlighting the urgent need for a multifaceted...
Master Builders call for reforms to fix building industry challenges
Master Builders Australia has urged the Albanese Government to overhaul workplace laws affecting the construction industry, citing adverse impacts from recent legislative changes.
In its submission to the government’s review of the Secure Jobs, Better Pay and Closing Loopholes legislations, Master Builders criticised the abolition of the Australian Building and...
Skilled migrant workers underutilised despite construction industry shortages
A Deloitte Access Economics report reveals over 620,000 permanent migrants in Australia work below their skill levels, with 60% arriving through the skilled migration system. The construction industry faces an acute skills shortage, with 18,400 skilled migrants already in the country unable to contribute effectively due to costly and complex...
High Court ruling strengthens consumer protections for apartment buyers in NSW
Introduction:
Protections for apartment buyers in NSW, already ahead of other states in consumer safeguards, have been reinforced by a High Court ruling. The decision limits developers and builders from shifting liability for defects to subcontractors and consultants.
Key Points for Builders and Developers:
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Expanded Duty of Care:
Under the...
Future of Australian housing: apartments redefine the 'Great Australian Dream'
Builders are at the forefront of a shifting housing landscape, as rising unaffordability reshapes what Australians view as the ideal home. The demand for apartments and high-density living is growing, driven by financial pressures and changing lifestyle priorities. Here’s what builders need to know:
Key Trends and Insights
- Decline in...
Apartment market set for faster growth as buyers shift focus
Demand for apartments is expected to outpace that for houses in Brisbane next year, with Domain forecasting apartment values to rise by up to 9% by the end of 2025, compared to a 7% increase for houses. Similarly, Sydney, Perth, and Adelaide are predicted to see apartment price growth matching...
Tax cuts for foreign investors in build-to-rent: No quick fix, says NAB
National Australia Bank (NAB) has voiced concerns over the new tax legislation aimed at foreign investors in Australia’s build-to-rent (BTR) sector, cautioning that while the changes are positive, they fall short of addressing broader challenges. The legislation, which halves the tax rate for foreign investors from 30% to 15%, aligns...
Industrial disputes reach highest level in over a decade
MEDIA RELEASE: New industrial disputes data from the Australian Bureau of Statistics confirms the need for a return of a building and construction industry watchdog, says Master Builders Australia.
Over the September quarter, 59 per cent of total working days lost in the economy occurred in the building and construction...