Fresh guidance by the peak legal body in NSW in response to major developments in climate law impacts lawyers advising on real estate deals, who face potential negligence claims for failing to warn clients of the emerging risks.
Western Australia has introduced legislation that will allow it to fast-track major projects, as it aims for a more “coordinated, strategic” approach to infrastructure and energy transition investments.
The developer of a 683-lot project in Glenmore Park, NSW has lost its bid to strike out parts of a class action by owners and investors alleging the land on which the development sits is unsuitable for residential construction.
Sydney developer Tiptell has won its bid to exit a combustible cladding class action against 3A Composites and Halifax to bring its own claim for $15 million.
Builder Growthbuilt has struck back in a $91.7 million lawsuit over the Oxford & Foley mixed use development in Darlinghurst, Sydney, claiming the project’s financier failed to act in good faith and pointing the finger at its subcontractors.
Seqwater has revealed the contractors shortlisted to run in a two-horse race to win the contract to design and build the Wyaralong water treatment plant in south east Queensland.
Sydney developer Fortis has snapped up a vacant site in Brisbane for $37.5 million for a planned residential development.
Victoria’s student housing pipeline has surpassed NSW, but most projects are still at the approval stage, according to a Property Council report which expressed concerns the state’s land taxes are slowing development.
Building materials giant CSR has hit back at a misuse of market power case brought by building insulation distributor Consolidated Energy over COVID-19 price increases, blaming the higher prices on forces beyond its control.
The real estate division of investment bank Macquarie has made its foray into the land lease industry, with a plan to deliver thousands of homes on Australia’s east coast through a new platform.