State Budget 2026-27
Latest Urban Development Index launched
Western Australia’s residential land market has entered a new phase of the cycle, one defined not by weakening demand but by intensifying delivery constraints.
Population growth remains robust – Greater Perth is adding over 1,000 people per week – yet the housing system is struggling to convert that demand into supply.
Strong underlying buyer appetite is colliding with a supply chain under stress, focusing attention on delivery capacity, rising costs, and land availability.
Find the latest figures relating to WA’s new lot activity, along with more commentary from UDIA WA Research Partner and Urbis Director David Cresp, here.
Fuel Update
The WA State Government announced on Wednesday an extra 8 million litres of diesel for WA’s strategic stockpile, bringing the State controlled backup supply to 20 million litres.
The extra supply of fuel – provided by bp – can be accessed in Kalgoorlie, Geraldton and Kwinana where it can be quickly distributed to farmers and miners facing supply challenges.
Expected to be net debt neutral, the fuel will be sold on to customers.
It comes as a shipment of 4 million litres of diesel arrived in Wyndham on Monday, shoring up emergency supplies in the Kimberley.
The cargo is the first tranche of the State’s strategic stockpile and is expected to be used by remote communities which rely largely on diesel generation for power in addition to the agricultural, resource and transport sectors.
The strategic stockpile will be 100 per cent WA owned and able to be used at the discretion of the State, which the Government says will provide an agile volume of liquid fuel when supply is compromised.
This approach complements the Federal Government’s Minimum Stockholding Obligation, which requires fuel companies to hold reserves.
The Albanese Government also announced an Australian Fuel Security and Resilience package yesterday, ahead of the release of the Federal Budget next week.
The package will provide more than $10 billion to secure Australia’s near-term fuel and fertiliser security, establish a permanent Government-owned Australian Fuel Security Reserve of around a billion litres, and lift the Minimum Stockholding Obligation by around 10 days for every type of fuel.
This will support an overall expansion of Australia’s onshore fuel reserves to ensure at least 50 days of fuel supply and storage of diesel and aviation fuel.
According to the Federal Government’s statement, the package will deliver:
- $7.5 billion for the establishment of a Fuel and Fertiliser Security Facility to increase supply and storage of fuel and fertiliser by providing financial support including loans, equity, guarantees, insurance and price support.
- $3.2 billion to establish a Government-owned Australian Fuel Security Reserve of around a billion litres to increase long term diesel and aviation fuel supply and storage in combination with an increase to the Minimum Stockholding Obligation (MSO), to increase Australia’s critical fuel reserves to 50 days. Our Australia Fuel Security Reserve will focus on regional stockouts and supply constraints for essential users in the event of another supply crisis.
- $10 million to support feasibility studies into new or expanded fuel refining capabilities, to be co-funded with state and territory jurisdictions.
More details will be available next week after the release of the Federal Budget.
Host an Intern in 2026!
Play a part in attracting young talent to the property industry and consider hosting an intern in 2026 through the Property Education Foundation (PEF).
The aims of the PEF Internship Program are to:
provide support and encouragement to undergraduates who have chosen a career path in the property industry,
develop a functional program with industry organisations, and
provide students and industry organisations valuable opportunities to meet and interact with each other.
Interns will shadow the workings of an individual in your organisation and should spend their time working on relevant projects, learning about the field, making industry connections, and developing both hard and soft skills.
Applications are now open for Host Organisations interested in hosting interns over the June/July period.
This program is a great opportunity to provide students with the knowledge and skills to propel their Property-related study.
Help us build a skilled network of young professionals in Property.
Email secretariat@pef.org for more information and to register your interest.