Industry NEWS
ASBEC Newsletter – Issue 123 | 5 August 2022
Updates ASBEC Council meeting wrap-up Upcoming Building Ministers’ Meeting and remaining decisions for NCC 2022 ARENA mandate expanded to include energy efficiency and electrification Consult Australia Change of Leadership Vinyl Council Australia announce new [...]
Construction Sector Seeks Price Flexibility to Curb Losses
The industry is facing a ‘hyper-escalation’ of critical input costs, sparking calls for the federal government to implement a price-adjustment mechanism on projects. Read the full article here
World’s Tallest Timber Hotel to Open in Adelaide in 2024
Veteran developer Barrie Harrop’s Thrive Construct will build the world’s tallest timber hotel in the Adelaide city centre, and a second timber hotel in regional Whyalla, as part of a $300 million investment in tourism [...]
Why Building Cost Inflation is Set to Ease From Next Year: Report
Surging construction cost inflation that is making projects unviable and causing developers to shelve them will ease next year as a global weakening in demand softens prices, helping calm inflation in the wider economy, according [...]
Petrol, Construction Costs Push Inflation up to a ‘Confronting’ 6.1 Per Cent
Inflation across Australia has increased to 6.1 per cent through the past 12 months as high construction and petrol prices continue to squeeze the nation’s consumers. The Australian Bureau of Statistics on Wednesday reported that [...]
Amendment to Victorian Building Planning Scheme Lodged to Further Sustainability
Twenty-four Victorian local governments have lodged a planning scheme amendment with the State Government, to further sustainability requirements for new building development with a simultaneous goal of encouraging net zero carbon emissions. Along with the [...]