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Other Developments
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9:56 PMPropertymarkets News
Mulpha Wins 2026 Urban Taskforce Award for Excellence
Summary
Mulpha won the 2026 Urban Taskforce Award for Excellence for stage one of its $1 billion Norwest Quarter mixed-use project in Sydney’s Hills District, marketed as a zero-carbon development. The recognition spotlights the project’s early delivery and sustainability positioning.
Why it matters
Awards can convert into cheaper capital and smoother approvals, accelerating one of Sydney’s largest mixed-use pipelines and sharpening the sustainability benchmark for competitors.
Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets
Summary
Australia’s housing downturn has erased about A$185 billion in value from the two largest housing markets so far this quarter. The drop is expected to weaken the wealth effect that supports consumer spending.
Why it matters
When the biggest housing markets slide, it quickly transmits into slower consumer spending and broader economic drag.