Welcome to Building Blocks, the Saw Constructions blog.
As part of our mission to transform the perception of the building industry, we’ll be showcasing articles of interest, some of our proud project history and sharing our knowledge and expertise in property development. Because your success is our business.
If you have any comments or questions about anything at all, please leave them here and someone from Team Saw will be sure to answer them.
Chinese buyers about to surge back into Australia’s affordable property market. And one city will attract the most.
40% of buyers buyers rank Melbourne as their number one preference, compared with the less than 25% that rank Sydney tops. Brisbane is growing fast in popularity, attracting 10% of the preference vote.read more
Firstly, confidence is back. House stock is limited. And there is plenty of new apartment stock to clear at present. As a result, we are likely to be limited to single digit growth over the coming year.read more
There are signs values in Melbourne’s expensive areas are rebounding the fastest. The latest clearance rates in blue chip suburbs have been among the city’s strongest. The affluent suburbs usually lead sentiment in the overall market so the signs…read more
New figures released by the ABS (Australian Bureau of Statistics) show Australia’s population increased by 1.6% over 2018 reaching 25.2 million.
ABS projections see Australia’s population hitting 30 million by 2029. Soon Melbourne will overtake…
Although the speed of falling values in Melbourne and Sydney has slowed compared with earlier in 2019 the Reserve Bank said Perth’s values had “declined markedly”.
The RBA minutes noted that “the housing market will be impacted by…
Although the increase in arrears is pronounced, Jonathon Kearns says the rate of arrears across Australia is still low compared with many other advanced economies and countries. While about 1% of Australian housing loans may be in arrears…read more
The growing need to service an ageing and also rapidly growing population has highlighted a need to increase our range of housing options. Called the ‘missing middle’, the Low Rise Medium Density Housing Code is helping to manage a changing society and the critical...read more
In the 80s and 90s townhouses were a fairly average, straightforward style of accommodation. They were usually bigger than apartments, but smaller than houses, they were often seen as a stepping stone before acquiring a bigger or more luxurious dwelling. But things...read more
Clearance rates have dropped sharply in many Melbourne suburbs in 208’s first quarter as the heated property market went down a gear. Analysis of 2018’s first three months shows the cool change is in, with suburbs including…read more
Victoria take note. New South Wales is leading the way in Australia with changes to the housing code that make medium-density housing types like terrace houses easier to build. The new code will take effect on July 6, 2018. The goal is…read more
Despite Beijing’s recent restrictions on offshore company investment China’s presence in Australia’s property market remains very strong, accounting for a third of national development sites. A recent study by Knight Frank exposed Chinese investment in Australia to...read more
Without some seriously careful planning Melbourne is on track to lose its place as the one of world’s most liveable cities, according to a new report from Infrastructure Australia. The report warns the plan to add two or three million extra people will radically...read more
The demand for townhouses in inner Melbourne is growing. The new category of buyer are higher earning professionals who want that particular location, but with the additional sense of security and privacy…read more
Reflecting an increasing shift in home buying preferences in Melbourne, townhouse construction approvals are increasing at a faster rate than houses in growth suburbs. ABS (Australian Bureau of Statistic of Statistics) figures show there is a 26% increase in townhouse...read more
We had been led to believe that Australians were increasingly embracing apartment living as a means of securing a home closer to the city centre. Or are apartments just all that’s being built in some locations and are taken up because they are the only option on...read more
Analysis of the recently released 2016 Census, by property and data researchers CoreLogic, has identified a spike in denser housing stocks between 2011 and 2016, revealing a growing demand for medium density housing in particular. Because of the streetscape impact...read more
Buyers wasted no time at the release of 23 new townhouses in Point Cook on May 13, producing a sell out within 48 hours. Of the 23 townhouses released for sale on the Saturday, 22 were sold that day and the only remaining property was snapped up on Sunday. Sales...read more
Entry level home buyers in Melbourne are facing another hurdle with a sudden spike of steep rises in lot values. It’s threatening Melbourne’s position as Australia’s most affordable capital city housing market and adding to first-home buyers affordability problems....read more
Each week over 1,500 newcomers arrive in Melbourne wanting their own piece of the renowned ‘livable’ city. No wonder the pieces are becoming harder to get! Research tells us half all recent employment growth is within 10 kilometres of the CBD. But half the new...read more
With Melbourne bracing to expand to a population of 8 million by 2051, Richard Wynne, Victorian Planning Minister, confirmed that leafy middle ring suburbs like Doncaster, Glen Waverly and Hampton have been targeted for a new wave of development. More dwellings will...read more
Stamp Duty waiver for first home buyers Starting July 1 first home buyers will be exempt from stamp duty for homes below $600,000. Homes between $750,000 and $600,000 are eligible for a concession also, based on a sliding scale. It’s a real boost for first-home...read more
A townhouse combines the powerful element of outdoor space and garden so lacking in apartment life, with an easy to manage aspect, being simpler to maintain than a full size house and garden allotment. It’s a great formula for down-sizers, young families, or people...read more
Online development listing site ‘Permit Ready’ registered twenty-one permit-ready development sites that were sold in the north during the 6 months up to December 2016, compared with only nine in the south-east. Their data also shows enquiries by developers into these...read more
An apartment oversupply in Australia’s east coast capitals has been heralded for years. Graphs, diagrams and articles have charted its progress with big spikes ramping upward showing how many thousands are on the drawing board for a 2017 and 2018 completion. There are...read more
The boom in Chinese property investment in Australia suffered a setback this year when regulations were tightened by the Foreign Investment Review Board. Offshore Investor interest in Australian residential property has traditionally been welcomed, particularly by...read more
Buying carefully is particularly important right now with the way Melbourne’s property market is moving. Despite predictions that home price rises would ease this year they have done the opposite and the market’s running hot with strong price growth and high clearance...read more
If you are an investor, developer or average income earner negative gearing is a key element in the finance structure that makes your property portfolio viable and sustainable. Over recent months it’s featured heavily before and after the election with both political...read more
Earlier this year, the City of Monash proposed changes to the regulations for property development that may affect your future plans. All developers in Monash will need to understand the implications as the changes will be far reaching. Known as ‘Amendment C125’ to...read more
In this article we provide a helpful summary of the relevant regulations and information you’ll need. Firstly, you will need to apply for and receive foreign investment approval before purchasing established residential dwellings for redevelopment. Normally, foreign...read more
A developer’s enthusiasm for their project is the driving factor that gets the project off the ground. The momentum that is generated by this excitement is what takes the development from a vision to a reality. Over the years we’ve witnessed a developer’s passion...read more
New conditions applying to Australian property investment borrowing have been recently introduced, to try and cool the market, particularly in Melbourne and Sydney. House prices have surged 20% in Sydney and 10% in Melbourne over the last 12 months (July 2014 – July...read more
As of July 2015, what the Metropolitan Planning Levy means to your building project. Who pays the Levy? If you’re planning a building project that exceeds $1 million in value be it a house, unit, townhouse or apartments in metropolitan Melbourne, as of the 1st of July...read more
We’ve become a nation of homeowners for good reason. It's tough at the start but once the mortgage payments are under control and equity is increasing, home ownership is a winning situation - providing a secure and comfortable environment, plus a safe investment. Home...read more
The Victorian State Government’s first stage reduction of Stamp Duty for first home buyers, from 30% to 40%, in July 2013 provided a welcome stimulus for new home building. Stamp Duty will be reduced further, to 50% in September 2014. It has been great news for new...read more
Property prices in Melbourne and other major Australian cities are booming with Sydney’s median house price having just leapt to $824,000 and Melbourne’s to $697,000. The rises are outstripping many Australians’ ability to buy, but not so for Chinese investors....read more
An article in The Age a few weeks ago caught our attention, highlighting the role investors are playing in a resurgent property market - with loans to investors soaring 16% in the last twelve months on the back of historic low interest rates, generous negative gearing...read more
Quality and service you can rely on Currently completing over 200 townhouses annually and with 10+ years in the medium density sector, team saw has cemented its reputation as the builder professional developers rely on. In 2017 Saw Constructions was recognised by the...read more