News
Australia's purpose-built student accommodation sector is nearing a critical juncture, with escalating construction and delivery costs threatening to delay or derail projects across the country, according to new research from Cushman & Wakefield. The firm's report, The Cost to Build: Higher Delivery Costs are Reshaping PBSA Feasibility, found that building…
NSW to jumpstart modular housing with new housing plan
The New South Wales government has unveiled a plan to overhaul the state’s residential construction sector, committing to the establishment of a world-class modern methods of construction (MMC) innovation facility to build high-quality homes faster. The 2026–27 NSW Budget will invest in the facility to harness advanced prefabrication, digital technologies,…
WA Parliament passes build-to-rent tax incentives to boost housing supply
The Western Australian Parliament has passed legislation increasing land tax exemptions for eligible build-to-rent projects from 50 per cent to 75 per cent, a move that will further encourage such projects and boost the state’s long-term rental housing supply. The passage of the Land Tax Assessment Amendment (Build-to-Rent) Bill 2026…
Brookfield sells Multiplex to Obayashi for $650m
Brookfield, through its private equity strategy, today announced that it has agreed to sell its global construction business Multiplex to Obayashi Corporation, one of Japan's largest construction companies, for US$650 million. The deal includes approximately US$530 million of cash proceeds on closing, along with an earn-out tied to future business…
Tasmania achieves halfway mark on 10,000 home target
The Tasmanian government has hit the halfway mark in its efforts to deliver 10,000 new social and affordable homes, with the latest data revealing nearly 5,000 homes and land lots have now been completed or released. An under-construction, 56-unit social and affordable housing complex in Bridgewater is on track to…
WA cuts registered builder red tape for sheds, garages and carports
The Western Australian government is cutting red tape for lower-risk sheds, carports and other non-habitable buildings to give consumers and smaller business more choice. From July 1, builders will no longer be legally required for lower-risk construction projects valued up to AU$50,000. The threshold requiring a registered building contractor for…
NSW expands Pre-sale Finance Guarantee to unlock more homes
The New South Wales government is expanding its AU$1 billion Pre-sale Finance Guarantee program to better support affordable housing and smaller regional residential developments. Initially launched in September 2025, the program uses the NSW government’s balance sheet to bridge the gap to commercial finance. It has already accelerated the construction…
Tasmania project The Forest leads interior design awards
The Australian Interior Design Awards 2026 winners were announced at a gala event in Sydney, with Tasmania’s The Forest by Woods Bagot receiving the Premier Award for Australian Interior Design. The project, located at the University of Tasmania’s Hobart campus, was recognised for its integration of architecture, landscape and public…










