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 ECONOMIC REGULATION AUTHORITY (ERA) RECENTLY RELEASED THEIR DRAFT REPORT INTO MICROECONOMIC REFORM IN WESTERN AUSTRALIA. THIS IS A BOLD LOOK AT POTENTIAL CHANGES AND THE IMPACT THAT THEY COULD HAVE ON THE ECONOMY. A small forest long (350 pages), the report looks at a massive range of concepts including congestion charging, retail trading hours […]
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THE FEDERAL ELECTION IS SURPRISINGLY QUIET ON THE SUBJECT OF HOUSING AFFORDABILITY GIVEN IT IS SUCH A CRITICAL ISSUE. IN THE RECENT DEBATE AN AUDIENCE QUESTION ON THE TOPIC PROMPTED SOME INTERESTING OBSERVATIONS ON WHAT BOTH FEDERAL PARTIES HAVE ACHIEVED AND INTENDS TO DO. Mr Abbott’s response focused on the reduction on commercial construction costs, […]
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