Real estate & construction

Real Estate & Construction industry insights - property tax report

The improving market and proportionate tax burden borne by the Real Estate & Construction industry means the topic of property taxes and their impact on the economy is more relevant than ever. Our report shares with you the findings from conversations held nationally with those in the industry about property taxes and their impact

Click here to download your copy of the Real Estate & Construction industry insights - property tax report.

Real Estate & Construction: Industry focus

Grant Thornton offers tailored solutions to meet your objectives by combining global sector knowledge and local expertise, as well as integrating the best advice from across our service lines and geographically. We can help you to enable and drive the success of both existing and new real estate investments, no matter where you are operating or where you are looking to expand.

Microclimates of opportunity: Real estate & construction report 2014 

This report draws on more than 700 interviews with business leaders in 45 economies to understand how the real estate & construction sector is recovering from the financial crisis, where the opportunities lie and what businesses are doing to keep their operations running smoothly and free from fraud.

Time for a new direction: fighting fraud in Construction

Our global analysis following research carried out in Australia, Canada, India, the US and the UK identifies the high risk areas and challenges for construction companies dealing with fraud. The report makes recommendations to help companies avoid falling victim to fraud including the use of technology to fight fraud.

Click here to download a copy of the  Time for a new direction: fighting fraud in Construction report.

Fighting Construction fraud in Australia

 Fraud and corruption is commonplace in the Australian construction sector and poses a significant threat to the industry’s growth, profitability and reputation. Our research identifies the high risk areas and challenges for construction companies dealing with fraud. The report makes recommendations to help companies avoid falling victim to fraud including the use of technology to fight fraud.

Click here to download a copy of our Fighting Construction fraud in Australia report.

Funding developments in the Real Estate & Construction industry

It’s been a prolonged period of downturn for the Australian Real Estate & Construction (RE&C) industry. While some regions and sectors have fared better than others, many have struggled to weather the storm. For those organisations, the ability to manage existing facilities or source alternative funding has proven key to survival.

The Australian real estate and construction industry has gone through peaks and troughs over the last few years. The market is continually changing as businesses look to restructure and rationalise whilst re-evaluating long term developments, investments and contracts. We recognise the need to effectively manage costs at a time where the market is under pressure and to help maximise after tax returns. In these times you need an adviser who genuinely listens and takes the time to ask the difficult questions, and the questions you might not have thought about.

Our team has extensive experience with real estate, construction and infrastructure clients. Our understanding of the unique issues facing entities in these sectors means that you will:

  • receive practical insights and guidance to improve your business  
  • avoid last minute surprises and receive early issue identification from a team that proactively anticipates your needs
  • enjoy timely, authoritative feedback and quick responses to your concerns

Grant Thornton Australia’s services to the real estate & construction industry include, but are not limited to:

Income Tax
Corporate and Private Group tax
Tax risk management and audit support
Research & development advice

Indirect Taxes
GST planning and advice
Stamp Duty /Land Tax planning

Staffing Matters
Enhancing salary packaging
FBT obligations and advice

Corporate acquisition and disposal
Managing transactions to completion
Raising transaction finance
Due diligence services

International operations
Inbound Planning
Withholding tax exposure
Global mobility services where relocating staff inbound / outbound
Assurance Services
International audit approach
Internal Audit and Systems Control Reviews
Forensic and Fraud

For more information about Grant Thornton’s services to the Real Estate & Construction industry, please contact:

Sian Sinclair
National Head of Real Estate & Construction
T +61 7 3222 0330
M +61 488 770 064


Further reading from Grant Thornton Australia
RE&C Update - QBCC reporting changes
Western Australia update (June 2014)
Victoria update (June 2014)
Queensland update (June 2014)
Real Estate & Construction: Commercial considerations and impacts of recent accounting standard changes (June 2014)
GST update (June 2014
Realising workforce management benefits under the new Australian Building and Construction Commission (ABCC) (June 2014)
Clearing the decks of unlegislated tax announcements (February 2014)
Proposed third party reporting for sales of real property (February 2014)
GST update (February 2014)
Queensland update (February 2014)
Victoria update (February 2014)
Western Australia update (February 2014)
GST update (October 2013)
Stamp duty and aggregation (October 2013)
PPSA – The countdown is on…(October 2013)
From the economist's desk (October 2013)
New South Wales update (October 2013)
Queensland update (October 2013)
South Australia update (October 2013)
Victoria update (October 2013)
Western Australia update (October 2013)
Building and construction industry - new taxable payments reporting due July 2013
Removal of the Capital Gains Tax discount for non-resident and temporary resident individuals
New South Wales Update July 2013
Queensland update July 2013
South Australia state update July 2013
Victoria update July 2013
Western Australian update July 2013
New South Wales update (December 2012)
Queensland update (December 2012)
Victoria update (December 2012)
Western Australia update (December 2012)
Significant non-resident investor impacts:  Managed Investment Trust (MIT) changes
Significant non-resident investor impacts:  Capital Gains Tax (CGT) discount removed for non-residents
Green building incentives pulled
Limited recourse lending to be reviewed
Loss carry back provisions
2012 Trust resolutions
Living Away From Home (LAFH) changes
Changes to reporting contractor payments
GST and residential premises
Queensland update (June 2012)
New South Wales update (June 2012)
Western Australia update (June 2012)
Victoria update (June 2012)
GST update - draft rulings and GST determinations (March 2102)
Reporting contractor payments:  Proposed reporting requirements from 1 July 2012 (March 2012)
New South Wales update (March 2012) 
Queensland update (March 2012) - Building Boost extension, Queensland coast plan, strategic cropping land, moratorium on infrastructure charges for new Brisbane hotels
South Australia update (March 2012) -The Building and Constructions Industry Security of Payment Act 2009 (SA)
Victoria update (March 2012) - Land transfer duty payment period, Victoria aims to reduce planning delays, 2011 building permit activity, expansion of Melbourne CBD
Western Australia update (March 2012) - Metropolitan Redevelopment Authority launched, new building approval process - The Building Act 2011, hotel accommodation shortages in WA
Confirmation on the GST treatment of supplies of residential and commercial residential premises (September 2011)  
Make sure the price is right...but don't put the cartel before the horse (September 2011)  
Impact of a carbon price from 1 July 2012 (September 2011)  
Queensland industry update (September 2011)  
Western Australian Government working to reduce red tape in the construction sector (September 2011)  
Victorian update (September 2011)  
New South Wales state news (September 2011)  
News from South Australia (September 2011) 
Industry intelligence unit - Property - December 2010


Further reading from Grant Thornton International

2013 GTIL Real estate & construction brochure

Five ways to improve the reliability of order book figures (Grant Thornton UK)

Preparing for global lease accounting standards (Grant Thornton International)

Financial times commercial property conference 2010 (Grant Thornton UK) 

Braced for change in real estate and construction markets (Grant Thornton International)