Business News Building approvals in WA have gone against the national grain, largely thanks to a significant uptick in multi-dwelling unit approvals in the state. National seasonally adjusted building approvals fell 6.4 per cent in October, with Victoria (-24.7pc) and New South Wales (-20.6pc) showing the largest declines. WA building approvals grew by 28 per […]
Business News New data has shown Perth’s median home values passed $900,000 for the month of November as it continues to close the gap to $1 million and lead the nation in price growth. The latest home value index report released by Cotality demonstrated Perth’s strength in house price growth, increasing by 2.4 per cent […]
The West Australian Sixty seconds is all it takes for affordable land to sell out in Perth’s newest estates. In a case of ‘blink and you’ll miss it’, affordable blocks in new estates in developing suburbs, such as Byford, Wellard, Wanneroo and Alkimos, are literally selling within a minute. The affordable blocks typically accommodate an […]
The West Australian Pressure in Perth’s house-and-land package market has hit a fresh peak, with lot sales reaching a record high and total listings falling to a record low. New data from the Urban Development Institute of Australia shows Perth has recorded the highest number of new lot sales ever in a single quarter, while […]
Australian Financial Review House prices are rising faster at the bottom end of the market than the top, as competition among first home buyers intensifies following the introduction of the federal government’s 5 per cent deposit scheme. Dwellings with values below the government’s expanded first home guarantee scheme rose by 1.2 per cent nationally, while […]
Australian Property Investor The Western Australian State Government has launched a major planning reform program in an attempt to overcome Perth’s housing crisis and redress its reputation for being a low density city beset by urban sprawl. The Roger Cook Government announced that improvement plans and schemes will be established in up to an 800-metre […]
Business News Grant Shepherd has been named as the Urban Development Institute of Australia’s WA president, taking over from Richard Pappas. The Hesperia residential director has today been named as the peak body’s new president, following a two-year stint as UDIA WA vice president. He has worked in the property industry for close to two […]
The West Australian Australia’s property prices are at a record high, with Reserve Bank boss Michele Bullock conceding “there’s nothing that I can do”. Home prices climbed higher in September across all capital city and regional markets, with Melbourne now surpassing its previous 2022 peak. The PropTrack Home Price Index shows Australia’s median home price […]
Business News Julian Bolleter believes Perth population is at a tipping point that will hasten moves away from a city-centric approach to residential development. The University of Western Australia associate professor and Australian Urban Design Research Centre director has co-authored a book exploring the implications of population growth nationwide. Planning for a Continent of Cities […]