Developer Capio snaps up government site for $68m apartments project
Capio founder Mark Bainey says he is cashed-up and looking to buy more sites after buying a 5000-square-metre property in Sydney’s Carlingford.
Source: afr.com
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Sydney rental crisis: Building crash, migration surge to inflame housing crisis
A plunge in new home building to a 10-year low will collide with the arrival of a record 1.5 million migrants, worsening housing shortages, driving up rents and inflating real estate prices.
Source: afr.com
Australian real estate: Developers are offloading sites amid a 'smorgasbord of opportunities'
Of the 22 development projects funded last year by non-bank lender Salvest, not one has commenced construction.
Source: afr.com
Interest rates: Off-the-plan apartment buyers face loan settlement risk as interest rate rise higher than expected
Rising interest rates and lower prices have increased the risks for off-the-plan apartment buyers who are due to settle this year or next.
Source: afr.com
Sydney house prices: Soaring construction costs start to ease
Residential construction costs surged by a record 11.9 per cent over the past 12 months, but they are now easing amid falling demand, the Cordell Construction Cost Index shows.
Source: afr.com