Region

A developer can have recourse to $740,000 in security following building delays, with a judge finding that its contract with Rawcorp for the construction of a Coolangatta apartment complex created an unfettered right to call on the security. 

In a class action over alleged faulty plumbing pipes produced by Fletcher Building's Iplex, construction company BGC told a court Friday it had been overwhelmed by calls for repairs to the 7,000 Perth homes fitted with the pipes.

A class action by property owners near a GrainCorp factory in rural Victoria has defeated the company's bid for security for costs, with a judge finding the orders would "stultify" the proceedings.

After a win in their spat over the sale of Brazil's Santa Rita nickel mine, two Australian companies who held all shares in the mine's owner, Atlantic Nickel, may seek costs against Omni Bridgeway and Balance REV, the litigation funders of the loser in the case.

Victoria's construction regulator has charged builder Glenvill Construction with breaching new laws requiring builders to hold a domestic building insurance policy before receiving deposits for contracts.

Liquidators for defunct residential builder Modco have defeated a summary dismissal bid in a case over unfair preference payments but have been ordered to pay indemnity costs after 10 months passed without them taking a step in the proceeding.

Victoria will pay $125 million in a settement finalised on Monday in a class action over the state's COVID-19 hotel quarantine program.

In a loss for builder Ventura Home Group, a Western Australia tribunal has found the state's building commissioner can issue a remedy order over the installation of alleged faulty pipes at a residential property.

Family-owned Gallagher Hotel Management has acquired The Oaks Hotel in Sydney's Neutral Bay for $140 million.

M&G Real Estate and Stockland have entered a partnership to develop a portfolio of land lease communities within Australia's senior living sector.