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The CEO says interest rate rises will enhance the value of the business which uses AI to assess the development potential of land.

Architecture news & editorial desk Property developer Billbergia Group has seen its Wentworth Point Town Centre project take out the Masterplanned Development category at the 2021 Urban Development Institute of Australia’s (UDIA) National Awards for Excellence. Located in Sydney’s west, the town centre is the brainchild of Billbergia and Scott Carver. The 11-hectare plays host to a community comprising nine city blocks that will house over 10,000 people along the Wentworth Point peninsula once complete. The result of 15 years of careful planning, urban design and architectural innovation,...

The Urban Development Institute of Australia wants pre-pandemic immigration levels revived in a bid to 'rev up apartment market construction'. Treasury is forecasting a big population slowdown.

From HomeBuilder to hangover: where will housing development land? The perfect pandemic storm has resulted in surging demand for housing, and greenfield land developers are riding the wave. However, challenges lie ahead. Share The COVID-19 housing demand, boosted by government stimulus for new housing, by low interest rates, and by changing housing preferences, has been an absolute boon for the nation’s greenfield land developers. The question is whether the surge in demand, which includes a substantial pull-forward of future activity, can outlast the end of the Commonwealth government’s ...

January 29, 2021 HomeBuilder has provided a shot in the arm to the housing sector, with households taking on record levels of debt to fuel the nation’s economic recovery. But increased demand has already pushed up the price of materials and labour, squeezing the budgets of home-buyers and renovators. According to Wednesday’s Consumer Price Index, costs associated with the maintenance and repair of dwellings rose 0.7% in the December quarter and 1.7% over the year. Phil Dwyer, the head of small builder lobby group Builders Collective of Australia, told  The New Daily the price of buil...