Construction Cost Update as We Head Into 2024

As you’re probably aware, construction costs have been in the news after posting an 11.9% growth rate in 2022. You’ve probably heard whispers about the cost of building a home zigzagging like a roller coaster. Well, it’s time to buckle up and explore what’s really happening with construction costs as we step into 2024. The…

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Building approvals point to a potential future housing shortage

Building Approval

It doesn’t seem that long ago we were talking about an oversupply of apartments across Sydney, South Melbourne, and Brisbane. However, a lot has changed in the past few years. The ABS October figures on building approvals show a seasonally adjusted estimate for total dwelling units falling by 8.1% in October. The graph below from…

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Wrapping up the year with Data, Dance Floors, and Depreciation

2019 in review

Our year started on a high, coming off the back of a massive win for MCG. Landing a position on the Financial Review’s top 100 of fastest-growing businesses, we hit the ground running! Mike Mortlock and Mitch Ford completed their much-anticipated triathlon, with over $2k raised for Heartkids, a charity helping those affected by congenital…

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Progress Claim Case Study – The MCG Method of Assessment

Building Site

As part of the services of quantity surveyors, we are regularly commissioned to undertake progress claim assessments on behalf of financial institutions. During the last month, we have seen quite a common conversation held between ourselves and a client (developer) regarding the difference between our assessment of the builders claim and the amount that the…

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Most common building defects in residential multi-owned properties

Building Defects

In a recent research paper pertaining to the examination of building defects in residential multi owned properties, there has been some great findings. These findings were authored by Nicole Johnston (Deakin University) and with Sacha Reid (Griffith University). In summary, two studies have been undertaken to identify the most common building defects in residential multi-owned…

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An Expert Witness Case Study – Owner V Builder, August 2019

Expert Witness

In a recent expert witness case that I was asked to provide my opinion of costs on, the result has now been published. Background The background to both applications is best described as: The Owners’ sought damages from the Builder in respect of: o (Item 1) Defective and/or incomplete works (the Defects Claim); o (Item…

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What you need to know – Investment Property Budget Changes

Budget

  Investment property tax deductions hit the headlines when the 2017-18 Federal Budget was handed down on 9 May 2017. As the second biggest tax deduction after interest, depreciation deductions against investment properties save investors thousands of dollars and can make or break the profitability of a property investment What deductions can you claim against…

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