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LAND SALES HAMPERED BY SKILLS AND MATERIALS SHORTAGES – UDIA WA
Land sales have dipped by 22% in the March 2022 quarter according to the latest figures from the Urban Development Institute of Australia (UDIA WA). 1,880 new land sales were recorded in the March 2022 quarter. While this figure is down compared to the increased activity prompted by the State and Federal government building stimulus…
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PREMIER ACKNOWLEDGES DIRE NEED TO FOCUS ON HOUSING SUPPLY IN STATE BUDGET
The Urban Development Institute of Australia (UDIA WA) has welcomed the Premier’s focus on housing and land supply in today’s WA State Budget given the housing supply crisis that is being experienced across the state. Measures to facilitate Build-to-Rent product, the expansion of the Off-the-Plan Duty Rebate Scheme and new Keystart loan products are all…
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SDAU EXTENSION GOOD NEWS FOR INDUSTRY AND COMMUNITY IN FACE OF HOUSING SHORTAGE
The State Government’s announcement today that the State Development Assessment Unit (SDAU) will be reopened to December 2023 has been enthusiastically welcomed by the Urban Development Institute of Australia (UDIA WA). “Western Australia is facing a critical housing supply shortage that has been exacerbated by materials and skills shortages,” UDIA WA CEO Tanya Steinbeck said.…
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BROADER HOUSING AFFORDABILITY FEARS AMIDST RATE RISE
The Urban Development Institute of Australia (UDIA WA) says that while the decision to increase the official cash rate today is not a surprise, the concern it has caused many home owners and buyers is a catalyst for a broader discussion around housing affordability.
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STATE BUDGET MUST STEP UP TO FACE HOUSING BOOM PRESSURES
Housing supply and affordability are the primary focus of the Urban Development Institute of Australia (UDIA WA) State Budget Submission this year. “A supply crisis like what we are seeing now, will put further upward pressure on house prices and impact Perth and the regions relative affordability,” Ms Steinbeck said. Housing supply in particular has…
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RELEASE OF LAZY LAND WILL HELP ADDRESS HOUSING SUPPLY
The Urban Development Institute of Australia (UDIA WA) has welcomed today’s announcement by the State Government that ‘lazy land’ will be made available to develop mixed use tenure housing developments to address WA’s looming land supply shortage. The Minister for Housing; Lands and Minister for Planning are calling for Registrations of Interest to develop mixed…
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DEMAND FOR NEW LAND IN PERTH CONTINUES TO RAMP UP
Demand for new land in Perth continues to grow according to the latest statistics released by the Urban Development Institute of Australia (UDIA WA). The September quarter UDIA WA Urban Development Index has recorded a 35% increase in new land sales for the quarter. “While the building stimulus measures pushed up sales dramatically last year,…
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TRANSFER DUTY REBATE EXTENSION HUGE WIN FOR APARTMENT MARKET
TRANSFER DUTY REBATE EXTENSION HUGE WIN FOR APARTMENT MARKET The Urban Development Institute of Australia (UDIA WA) has welcomed the State Government’s announcement in today’s budget of the extension of the current Transfer Duty Rebate Scheme for a further two years. “One of UDIA WA’s primary budget submission recommendations was the extension of the rebate…
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DEVELOPMENT INDUSTRY SUPPORTS ECONOMIC RECOVERY IN STATE BUDGET RECOMMENDATIONS
The Urban Development Institute of Australia (UDIA WA) is calling on the State Government to commit to significant property tax reform and to continue to work with the property industry to create jobs and fuel economic growth as part of a comprehensive state budget submission. “As we emerge from the ‘eye of the storm’ in…