All News

  • Millennials

    Millennials need encouragement to transform construction

    In talking to construction companies about technology, they often tell us how keen they are to attract millennials and improve the technology engagement of their workforces. That was one of the big takeaways... more
  • career

    6 executives share their best career progression advice

    You’re ambitious, talented and possess top technical and soft skills. But that’s not enough to progress your career. While it seems almost everyone has an opinion on how to best work your way to the top, it... more
  • Green

    Green infrastructure needed to future-proof Sydney

    A team of UNSW research students are urging regulators to properly consider green infrastructure – natural drainage, tree canopies and green walls – when setting charges for new property developments. A ... more
  • OpenCorp

    Diversification drives property developer’s leap up the BRW Young Rich List

    OpenCorp director Allister Lewison has landed at number 33 on the BRW Young Rich List, his third consecutive appearance on the prestigious ranking of top entrepreneurs under 40. It’s a huge jump for Lewison, ... more

Diversification drives property developer’s leap up the BRW Young Rich List

OpenCorp director Allister Lewison has landed at number 33 on the BRW Young Rich List, his third consecutive appearance on the prestigious ranking of top entrepreneurs under 40. It’s a huge jump for Lewison, who leapt from the 64th place last year. Lewison’s personal wealth is now listed as $74 million, almost double the $42 million in 2016’s Young Rich List. The entrepreneur’s rise mirrors that of OpenCorp itself, which first made its appearance on the BRW Fast 100 in 2014 and has been there ever since. The OpenCorp business has evolved since its inception, and now not only offers investment advice but also includes a funds management and property development division with $500 million of national projects in the pipeline. As well as a portfolio of completed projects, the development arm is currently working on projects including Eastside Village, a multi-residential apart... more
Architecture Awards

Regions shine in National Architecture Awards

From the Pilbara to Darwin, the Daintree and a remote bay on Tasmania’s Bruny Island, the winners of this year’s Australian Institute of Architects’ National Architecture Awards show that some of the most exceptional architectural contributions are coming increasingly from our regions. A greater number of emerging practices also featured among the 44 projects earning a place on the 2017 winners list announced in Canberra. Jury chair and Immediate Past President Ken Maher said the Awards play a significant role in illuminating the value architects bring to our clients and community, as well as stimulating debate and defining values within the profession. “The jury gave preference to projects demonstrating the contribution architecture can make to the public good; projects that were inventive in their responses to context, site and program; and those that celebrated an und... more
Greater Sydney

New plan unveiled for Greater Sydney region

Greater Sydney will become three connected cities over the next 40 years, linked by new public transport, giving more communities access to job opportunities, new homes and services within 30 minutes. The draft Plan, prepared by the Greater Sydney Commission (GSC) was launched for public comment together with Transport for NSW’s Future Transport 2056. Chief Commissioner Lucy Turnbull AO said the plans were the first long-term land use and transport strategies to be developed both collaboratively and concurrently. “The three cities vision is also at the heart of Future Transport 2056 and I’m delighted to see the close collaboration between our agencies bring this vision to life,” Ms Turnbull said. “Reshaping Greater Sydney as a metropolis of three cities – the Western Parkland City, Central River City and Eastern Harbour City will rebalance it, fostering jobs, impr... more

Gain for new dwelling approvals

Figures from the Australian Bureau of Statistics (ABS) show that overall, new dwelling approvals saw growth of 1.5 per cent during September 2017. This comprised a 0.8 per cent rise in new detached house approvals. Shane Garrett, HIA Senior Economist said ,ore impressive was the 2.3 per cent expansion in approvals for multi-units over the course of the month. “The September 2017 quarter overall, total approvals for new dwellings were up by 5.1 per cent. This was driven by an expansion of 7.6 per cent in multi-unit projects. “Activity on the apartment side of the market has come under considerable pressure due to a number of obstacles being put in the way of foreign investors in residential property. Today’s figures do indicate that home building is receiving some support from the strong pace of job creation in several key markets. “In balance new home building activit... more

Productivity Commission: Action on cities can provide $29 billion boost

The Productivity Commission five yearly review into national productivity is a reminder that Australia cannot forsake the path of slow growth in household income. “According to the Productivity Commission, better functioning cities can provide a $29 billion increase in GDP,” said Ken Morrison, Chief Executive of the Property Council of Australia. “Better functioning cities can reduce congestion, increase employment, reduce home moving costs and increase national income. “The Productivity Commission is right – our cities are a major driver of productivity and we have to see our cities as a key driver of economic growth. “Our cities provide 80% of Australia’s GDP and our capital cities provide two-thirds of all employment and 80% of employment growth. “We congratulate the Treasurer for commissioning the report and backing it in with a commitment to not play t... more

Apartments boost housing approvals in WA

Figures on Building Approvals for September 2017 from the Australian Bureau of Statistics (ABS) saw that overall, new dwelling approvals across WA saw growth of 27.1 per cent during September 2017. John Gelavis, HIA Executive Director said the big jump in the volume of new dwelling approvals in Western Australia during September was affected strongly by the apartment/multi-unit market,s. The more than doubling of approvals for multi-units (+165.1 per cent) over the course of the month, is often a reflection of the erratic nature of approvals in this segment of the market. “However, it gives me confidence that we are progressing forward from one of the worst downturns in history,” commented John Gelavis, HIA Executive Director. “There are signs that state growth is improving. An uplift in business and public sector investment is contributing to an increase in activity in... more
Project Bank Accounts

Project bank accounts are happening but will your job have one?

On 25 October 2017 the Building Industry Fairness (Security of Payment) Bill 2017 (BIF Bill) passed through Queensland parliament and will shortly become law. Many subcontractors have no doubt heard all the noise and chatter about far reaching reforms contained in the BIF Bill and may have a general understanding of the concepts and reasoning behind the reforms, including what are Project Bank Accounts (PBA). No one can argue with the stated goals of the BIF Bill to ensure subcontractors get paid for work that they do. The Minister’s speech introducing the BIF Bill sums it well: “The central tenet of this bill is one that I and my colleagues on this side of the House feel very strongly about: if you do the work you should get paid. For far too long subcontractors have suffered an unreasonably high level of risk and burden of financial loss associated with the building and co... more