Australian Property Investor Magazine Expert opinion piece by UDIA WA CEO Tanya Steinbeck. Perth is facing a drastic shortfall in new homes over the next couple of years but the city remains the most affordable for real estate investors looking for vacant blocks to develop. The ‘Lucky Country’ is fast turning into the ‘Impossible Country’, […]
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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 […]
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The Property Tribune Housing supply and affordability is an ongoing challenge in cities and regions around the world as populations continue to grow and demand for affordable housing outstrips supply. Here in Perth, we continue to grapple with record-low rental vacancy rates and a housing supply shortage that is reaching critical levels. Coupled with the […]
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