While the recent downturn in residential construction has been pronounced when it comes to high-density, a new forecast expects Australian apartments and units to lead the recovery in new home building in the coming years.

Taking in the latest ABS approval data, the February Master Builders Industry Forecast report says the nation is “approaching an inflection point when it comes to new home building activity”, with an updated forecast expecting the residential building sector to return to stronger levels across the next five years.

Queensland’s first Defence Industry Hub has officially opened in Ipswich, with the $5 million facility ready to recruit more businesses to the local defence supply chain.

Premier Annastacia Palaszczuk said the hub, located in the Ipswich CBD, will help grow Queensland’s defence industry and create more local jobs.

The Brisbane market is showing meaningful improvement and appears ready for a long overdue boom. Every statistic that matters depicts uplift in the Brisbane market and prices are expected to rise in 2020.

Many commentators have forecast a Brisbane boom in recent years, though many were simply assuming that the Queensland capital would follow the lead of Melbourne and Sydney. Brisbane, however, has lacked the core growth drivers that boosted markets in the two biggest cities.

New data released by SQM Research today has revealed the national residential rental vacancy rate decreased in January 2020 to 2.1% from 2.5% recorded in December, with the total number of vacancies Australia-wide now at 72,422 vacant residential properties.

The production building that will be the engine room of military vehicle manufacturing at Rheinmetall Defence Australia’s new headquarters in Redbank is finished and ready for fit-out.

Premier Annastacia Palaszczuk visited the site this week and said it was a major construction milestone in the delivery of the $170 million Military Vehicle Centre of Excellence (MILVEHCOE) for Rheinmetall.

Property prices in Australia are set to surpass peak levels over 2020 as the robust turnaround across the nation’s biggest markets continues to gather pace.

Brisbane Lions have shared the final renders for their new training and administration facility being built at Springfield Central. The renders come as the project, known as The Reserve, prepares to move into the construction phase.

The federal government has announced it will put billions of dollars towards significant projects across the country, accelerating major infrastructure investments in a bid to stimulate the nation’s economy.

Prime minister Scott Morrison announced he would bring forward infrastructure investment announcing $3.8 billion in funding over the next four years.

Record low interest rates and cheap credit could boost Brisbane home prices by up to seven per cent in one year, a new report reveals.

An unprecedented $2 billion is being poured into new runways and airports across southeast Queensland in a job-producing boom that aims to tap into the growing world demand for Queensland tourism and produce.

Brisbane Airport has spent $1.3 billion on a new, parallel runway that will make it the most reliable gateway to the east coast of Australia.