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HOUSING AFFORDABILITY AND SUPPLY UNDER CRITICAL PRESSURE IN WA
Perth’s mantle as the most affordable capital city in Australia is under threat according to the Urban Development Institute of Australia (UDIA WA). “Today’s report by the Bankwest Curtin Economics Centre (BCEC) into Housing Affordability in Western Australia reinforces the housing affordability crisis that will further impact WA if the barriers to delivering housing supply…
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RATE HALT PROVIDES REPRIEVE FOR HOME OWNERS AND BUYERS IN WA
UDIA in Western Australia has added their welcome to the RBA’s decision to pause on the official cash rate today. “While our recent State of the Land report highlighted that Perth is currently the most affordable capital city in Australia, we are acutely aware that 10 consecutive rate rises have put added pressure on those…
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WA DEVELOPERS SHINE ON NATIONAL STAGE
Western Australia took out three gongs at the UDIA National Awards for Excellence 2023, held right here in Perth on Wednesday night. The national awards program recognises the very best in the urban development sector across the country. Rosewood West Perth by Rosewood Care Group won the Award for Excellence in Seniors Living; Park Terraces…
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PERTH OFFICIALLY MOST AFFORDABLE IN THE COUNTRY
The Urban Development Institute of Australia (UDIA) launched the highly anticipated annual State of the Land Report at the UDIA National Congress in Perth on Wednesday. The report now position’s Perth as the most affordable capital city in Australia with a median new land price of $228,000. With the median land price growing a modest…
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INSTITUTE CALLS FOR SKILLS & LABOUR AGREEMENT FOR CONSTRUCTION INDUSTRY
The Urban Development Institute of Australia (UDIA WA) is calling for a Construction Workforce Attraction Strategy in WA due to critical construction and development skills shortages that are restricting the industry’s capacity to meet housing demand. “The development industry’s capacity to meet current and future housing demand is being restricted due to access to relevant…
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KEYSTART CHANGES WILL SUPPORT MORE PEOPLE IN REALISING HOUSING DREAM
The Urban Development Institute of Australia (UDIA WA) has welcomed this morning’s announcement by the Premier and Minister for Housing that Keystart home loans are now available for properties worth up to $560,000. According to UDIA WA, the new property limits are sensible, given the current cost of housing. “UDIA WA has been advocating for…
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DIVERSITY OF PROJECTS REFLECT THE ‘BEST OF BEST’ IN URBAN DEVELOPMENT
The Urban Development Institute of Australia (UDIA WA) crowned the best property developments in the state at a gala event on Saturday night. The award winners represent the diversity of development that is happening, particularly in Perth, with projects from larger, masterplanned estates through to smaller lot and town house developments recognised for quality, innovation…
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SALES DOWN AS INDUSTRY BATTLES LABOUR & MATERIAL SHORTAGE
New residential land sales have continued to decline in the June 2022 quarter according to data released today by the Urban Development Institute of Australia (UDIA WA). New land sales were down by 17% compared with the March 2022 quarter and down 4.6% over the year. “While sales have declined, UDIA WA has anecdotal feedback…
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UDIA WELCOMES NEW REPORT INTO STAMP DUTY REFORM
The Urban Development Institute of Australia (UDIA WA) welcomes a new report launched by the Chamber of Commerce and Industry WA (CCI WA) that provides a strong evidence base for committing to stamp duty reform in Western Australia. UDIA WA have long-advocated for property tax reform and highlighted the handbrake that stamp duty places on…