Construction PRO

Queensland developer Cav Gasworks is facing a suit by a purchaser of an 'off-the-plan' apartment, after being ordered to pay $10.3 million for using a sunset clause to renege on an agreement with another buyer in the luxury Newstead high-rise.

Australia has reached an agreement with the US for the supply of critical minerals and rare earths amid increasing competition with China, starting with projects in Western Australia and the Northern Territory. 

Australian real estate is bouncing back, with returns expected in the 7 to 9 per cent range over the next year, after a period of contraction triggered by an interest rate spike, according to new research.

Receivers for Jon Adgemis' Public Hospitality Group are planning to put the South Bondi Hotel on the market by the end of the year.

The former CEO for JLL's Australian unit has sued the real estate firm after he was allegedly terminated following an investigation into a complaint against a manager.

A group of investors have won a dispute against a Newcastle-based company over a foreclosure on a mortgage in relation to a Gold Coast which did not proceed. 

The NSW Land and Environment Court has granted approval for Moini's co-living development on Sydney's Parramatta Road, following a conciliation conference with the Inner West Council.

Australia's largest super fund has launched a new real estate asset platform in the UK, aiming to be one of the country's top rental home operators in the next five years.

Mutual company Australian Unity has sold the Greensborough Medical Centre and Day Hospital in Victoria to the Property Advisory for $32.5 million.

Infrastructure giant Acciona must fight a $224M lost-revenue case by contractor Veolia Australia over the Kwinana waste-to-energy plant on Veolia's home turf.