House shortage in Sydney and Melbourne

Housing markets in Sydney and Melbourne remain “fundamentally” undersupplied and little impact has seen on the new policies targeting at foreign buyers, says developer Mirvac. Mirvac has witnessed continued growth driven by the “high quality pipeline”. Ms Lloyd-Hurwitz, Group Chief Executive at Mirvac says, “we also expect to benefit from the substantial investment in infrartsucture […]

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Construction Companies Face Collapse

The legislation of the new law may result in the collapse of construction companies as two tiers will be created, says James MacQueen, advisory partner in the construction and real estate sector for business advisory and accountancy firm BDO. The amendment was a response to the collapse of Mainzeal in 2013, which leaves unsecured creditor […]

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Long-awaited second airport in Sydney

The Australian Government has announced that it will build a second international airport, costing up to $5bn to construct. Western Sydney Airport (WSA) will be located at Badgerys Creek, 50km west from the city centre. It will become the first major airport developed in Australia for more than 50 years. The new 3.7km runway is […]

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