Housing Supply Shortage

The West Australian Restricted land supply and relatively slow construction has forced WA land sales down by more than a fifth in the first quarter of the year. New figures from the Urban Development Institute of Australia (WA), show there were 1,880 new land sales in the March 2022 quarter, down 22 per cent. Ms […]

Australian Property Investor Perth property appears to be on the upswing, with sales rebounding, rental vacancies shrinking and investors eyeing potential returns as confidence continues to grow in the WA capital. As 2019 rolled into 2020, Perth property professionals were cautiously optimistic that the New Year would bring a long-awaited recovery in Western Australian real […]

STOCK LEVELS HAVE DECLINED BY A THIRD, SALES ARE AT SIX-YEAR HIGHS; THIS WILL INEVITABLY PUT UPWARD PRESSURE ON PRICES. Six months ago, I mentioned that the fundamentals had shifted dramatically in favour of new dwellings and this would translate into further increases in land sales and eventually construction. Land sales in Perth subsequently increased […]