HIA welcomes transformational Honeysuckle HQ development
The HIA has welcomed the NSW Government's selection of DOMA Group to lead the Honeysuckle HQ precinct development in Newcastle, described as the city's largest transformation project to date.
What's happening with Newcastle's Honeysuckle precinct development?
Large-scale NSW construction projects create significant subcontracting and labour opportunities for local trades businesses.
Key takeaways
- NSW Government has announced DOMA Group will lead Newcastle's largest precinct transformation at Honeysuckle.
- The Housing Industry Association has welcomed the development announcement.
- The project represents Newcastle's biggest precinct transformation to date.
Related
ATO payment change adds mounting pressure on home builders
The Housing Industry Association wants the ATO and Federal Government to reverse a decision to stop accepting credit card payments from 30 November. HIA says the change adds financial pressure on home builders.
Why it matters: Builders and other contractors who use credit cards to manage cash flow on tax bills may lose that option. This could tighten working capital for small building businesses.
Could data centres be builders next inflationary hit
Australia's growing data centre sector is creating a significant new source of construction activity. The article's title raises the question of whether this demand could add to inflationary pressure on builders.
Why it matters: Builders, electricians and HVAC contractors may see more work from data centre projects. Competition for labour and materials could also push up costs and tighten availability for other jobs.
Coalition migration measures recognise housing supply depends on workforce capacity
The Housing Industry Association has welcomed the Coalition's commitment to a skills-first migration approach and a dedicated construction visa strike team. It says the measures recognise that housing supply depends on workforce capacity.
Why it matters: Builders and other residential construction trades could see faster access to skilled migrant labour if the commitments are delivered. This may ease labour shortages, but it remains a policy commitment, not law.