Apartment owners at Melbourne’s Lacrosse tower in Docklands win millions in damages after a fire fuelled by flammable cladding caused significant damage to the building in November 2014. The fire, which was sparked by a late-night cigarette left to burn in a plastic food container, raced up aluminum composite cladding on the building’s exterior, but …
A prolonged slump in Western Australia’s property market forces BGC to halt the sale of its building and construction business — which came about after a family feud following the death of patriarch Len Buckeridge — for the “foreseeable future”. Continue Reading
Business was prepared to invest in itself in the December quarter, despite evidence the Australian economy is slowing. Private sector capital investment, or capex, for the three months to the end of the year rose by 2 per cent, a solid rebound from a disappointing fall in the third quarter. Continue Reading
An increasing number of analysts at major financial institutions are predicting official interest rate cuts in anticipation of a significant jump in the jobless rate, as construction workers get laid off. Continue Reading
With 259 units of the 392-unit apartment complex still empty following its evacuation, the NSW Government releases its final report into the Opal Tower cracks, finding that more work needs to be done. Continue Reading
One of Wollongong’s new residential developments, Aura apartments, has been completed. Offering panoramic views and high-level finishes, Aura apartments is located at 22-26 Flinders Street, Wollongong. In 2017, the long-awaited transformation of Wollongong’s northern outskirts began, as construction started on new apartments along Flinders Street. READ MORE
Liverpool City Council has rezoned the city centre to allow a modern, vibrant, 18-hour economy to flourish. The rezoning of 25 hectares in the heart of Liverpool will encourage new businesses and double the resident population in the CBD. It will reinvigorate the CBD and allow the construction of multi-purpose buildings that could include cafes, …