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 […]
Financial Review Property prices in suburbs popular with first home buyers will jump more than the 0.5 per cent predicted by Treasury modelling in the short term after the rollout of the government’s new 5 per cent deposit scheme, economists and mortgage brokers say. Labor’s election commitment took effect on Wednesday, expanding the First Home […]
Business News Dwelling approvals across the nation have slumped to their lowest levels in a year, with experts warning a worsening of the housing crisis would follow. Total approvals fell six per cent to 14,744 for August, primarily due to large declines in apartment and townhouse approvals. Private dwelling approvals excluding houses fell 8.1 per […]
Financial Review Could housing co-operatives, which in some European countries account for a sizeable proportion of the residential market, help solve the accommodation crisis here? Less than 1 per cent of Australia’s residential market is dedicated to this housing type. By contrast, in parts of Sweden, Norway and Denmark, co-operatives account for nearly a quarter […]
The West Australian – Kim Macdonald A popular model for community living proves a winner The growing appeal of land lease communities — set to grow 165 per cent over the next decade — has been highlighted as a key provider takes out the top gong in the Urban Development Institute of Australia (WA) awards. […]
Australian Property Investor Planned communities, or Land Lease Communities, could offer impressive lifestyles for downsizers while generating much needed supply to help overcome the housing crisis. Australia is amid a housing crisis, and the market in Western Australia has not been immune. The twin pressures of soaring demand and slow supply pipelines have created a […]
WA Today Wages in Western Australia are going up faster than the rest of the nation, but Perth houses remain out of reach as mortgage costs and stamp duty paint a dire picture for aspiring home owners. The latest Australian Bureau of Statistics data shows WA hourly pay packets rose 3.7 per cent in the […]