ABC News The Reserve Bank has delivered its third interest rate cut of 2025, with a 0.25 percentage point reduction at its August board meeting. That takes the cash rate to 3.6 per cent for the first time since April 2023. The move had been overwhelmingly anticipated by financial markets and economists after the surprise […]
The Sunday Times Oliver Lane Motorists could soon find themselves with a little extra space in one of the most frustrating places — carparks. Officials are mulling an increase to the standard size of Australia’s off-road car spaces, but planners and property groups warn it could increase costs and say parking already takes up too […]
Business News A raft of recent state and federal initiatives has spurred interest in government-subsidised housing stock among developers facing challenging market conditions. Escalating build costs and a lack of available builders mean developers are having difficulty navigating project feasibilities, making government-backed jobs attractive options. But opportunities for private developers to capitalise on the billions […]
Business News The Premier says Perth needs to move away from its reliance on urban sprawl, while emphasising the importance of densification in regional Western Australia. Speaking at an Association of Consulting Architects event, Roger Cook said the state faced “continued and extraordinary challenges” including an increasing and ageing population. “There’s a growing sentiment across […]
Business News High construction costs and skills shortages are continuing to impact Perth’s new apartment market, with just 19 per cent of projects approved since 2020 under construction. Urbis’ recent Apartment Essentials data shows that in Perth, like other Australian cities, is struggling to get projects off the ground. Perth is faring better than Brisbane, […]
Australian Property Investor Perth property buyers continue to seek new land purchases but are finding it increasingly difficult to access a limited market. The latest figures from UDIA WA’s March 2025 quarter Urban Development Index (UDI) reinforce important trends shaping the future of Greater Perth’s property market. While the numbers show a decline in new […]
The West Australian Former premier Colin Barnett has deemed Elizabeth Quay a success nine years after opening it, but has warned against spending too much money on a revamped waterfront convention centre. While EQ is now Perth’s most exclusive business address, Mr Barnett said there was plenty of criticism in the early stages of development. […]
Business News Environmental offsets have become increasingly difficult for property developers. Darren Walsh was echoing the sentiment of the state’s property industry when he said environmental offsets were becoming the most difficult part of the approvals process. The state’s Environmental Protection Authority chair was speaking at a recent Urban Development Institute of WA panel event […]
Financial Review The paucity of new policy in Jim Chalmers’ fourth budget raises the question whether the Albanese government has given up the fight on the so-called housing crisis. Worse, in a budget with weak new initiatives on housing, one proposal – “cracking down on foreign land banking” – would actually reduce the timing, and […]