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WA LAND MARKET TO REMAIN STRONG IN WAKE OF STIMULUS
New land sales figures from the Urban Development Institute of Australia (UDIA WA) show that demand for new land in Perth remains strong despite expectations from some commentators that we would see sales numbers fall off a proverbial cliff in the wake of heightened activity prompted by government stimulus measures last year. “Our figures show…
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INFRASTRUCTURE STRATEGY KEY TO A SUCCESSFUL STATE
The Urban Development Institute of Australia (UDIA WA) says that today’s launch of Western Australia’s first long term infrastructure strategy is a positive step toward a more coordinated and strategic roll out of major infrastructure across the state. “UDIA WA has long advocated for a long-term plan for infrastructure to guide urban development in Perth…
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PERTH HOME BUYER SENTIMENT UPBEAT DESPITE STIMULUS END
Consumers remain positive about the Perth property market despite the end to financial building stimulus measures according to new survey results from the UDIA /Urbis Home Purchaser Sentiment Survey. According to the survey, 44% of respondents feel positive about purchasing a property in the current market and 69% believe property prices will rise in Perth…
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NEW COMMUNITY SCHEMES OFFER OPPORTUNITY FOR CHANGE
A new form of land tenure that has just come into effect in Western Australia has the potential to change the way new development is delivered in the state and could facilitate greater innovation and new technology, according to the Urban Development Institute of Australia (UDIA WA). The Community Titles Act 2018 began operation on…
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HOUSING STARTS HIGHLIGHT LAND SUPPLY SHORTAGE
The latest forecasts released by the WA Housing Industry Forecasting Group (HIFG) today reflect record high housing starts, however land supply remains a critical issue for Perth and the regions according to the Urban Development Institute of Australia (UDIA WA). “The HIFG is forecasting record numbers of housing starts for the 2020-21 financial year and…
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NEW HOUSING SUPPLY REPORT WARNS OF LOOMING CRISIS
Perth is facing a housing supply shortage as demand is projected to outstrip supply within the next three years, threatening housing affordability in region, according to a report released today by the Urban Development Institute of Australia (UDIA WA). The report, Housing our Community: Acting Today to avoid tomorrow’s housing crisis, outlines the concerning impact…
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CONTINUED PLANNING SYSTEM OVERHAUL WELCOMED
The Urban Development Institute of Australia (UDIA WA) has welcomed the State Government’s move to open up broad community and stakeholder consultation on the next stage of planning reform. “Not only is it critical that we achieve a much simpler and clearer planning system, but it is also important that all stakeholders, including local community…
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DEMAND FOR NEW LAND GROWS IN PERTH
New land sales in Perth remain strong despite the winding up of State and Federal government stimulus measures. Latest figures from the Urban Development Institute of Australia (UDIA WA) show that new lot sales increased by close to 5% during the March 2021 quarter. “Despite concerns that the Building Bonus and HomeBuilder grants pulled forward…
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A STEP TOWARDS A COLLABORATIVE REGULATORY CULTURE
The Premier’s announcement today of a major reshuffle of Director General’s (DG’s) across a range of government departments has been welcomed by the Urban Development Institute of Australia (UDIA WA) as an opportunity to progress major reform that will benefit economic growth. Several of the retiring or transferring DGs are currently leading departments that directly impact…