THE Queensland Government has announced three brand new cities will be built in the state’s southeast from the ground up to take pressure off population growth. The Government’s powerful land development body will take control of three greenfield areas in the region’s west and southwest to quickly deliver new masterplanned communities set to be home to an extra 250,000 people. ...

VMIA reaches agreement with QBE to deliver domestic building insurance*  The Victorian Managed Insurance Authority (VMIA) has entered into an agreement with QBE Insurance (Australia) Limited, QBE, under which the VMIA will provide domestic building insurance to builders and owner builders in Victoria.  The agreement follows the recent decision by the Victorian Government to transition builders to a State underwritten ...

20,000 Victorians will soon have a new home in Melbourne’s newest suburb. Cranbourne East Precinct Structure Plan (PSP) has just been approved. Schools, kindergartens, retirement villages, open spaces and three local town centres will all be developed over the next 15 years as well as up to 3,000 new jobs will be created. “We are delivering on this plan and ...

The first home buyers’ market in Western Australia has collapsed on the back of rising interest rates, the state’s peak real estate body says. Figures from the office of state revenue reveal first home buyers dropped over 50%, from 2300 in April 2009 to 988, in the same month this year. Real Estate Institute of Western Australia (REIWA) president Alan ...

SYDNEY is being shunned. The big residential developers are pinning hopes of future profits on Melbourne, Perth and Adelaide. Brisbane has also fallen out of favour.Researchers constantly identify Sydney as the city of opportunity due to a undersupply of housing and rising prices, but the city’s costs are high, it is being stung by a new state tax and it ...