ABC The annual rate of headline inflation fell to 2.7 per cent in August, down from 3.5 per cent in July. That huge slowdown in the pace of headline inflation was expected, but economists say it needs to be interpreted cautiously. They say it partly reflects the recent introduction of Commonwealth and state government electricity […]
Domain Property industry commentators say any interest rate cuts by the Reserve Bank are likely to accelerate house price growth in Perth’s sizzling market. With inflation now edging towards 3 per cent, markets are pricing in up to four potential rate cuts next year, with the possibility of a cut before the end of the […]
The West Australian They’re the tightly held spots in our State that locals don’t really want you to know about. Pleasantville suburbs or townships where ‘when you buy there — you die there’. Across WA that place is Morangup, a hamlet on the cosy side of Toodyay on the edge of the Wheatbelt where residents […]
Australian Property Investor With the property market continuing to heat up in Western Australia, investors from interstate have shown an increasing interest in buying Perth property. At a recent presentation to UDIA WA members in Perth, REA Group Economist Anne Flaherty said investor activity in WA had ‘surged’, with the portion of investors in WA […]
The Property Tribune Downsizing in Australia is part of the broader housing diversity conversation. While there is growing momentum behind the idea of downsizing, major hurdles remain firmly ahead. At a UDIA WA event, Downsizer Economist in Residence, Michael Blythe, highlighted Australia’s aging population. In parallel, houses were also aging and becoming less suitable or unsuitable for older Australians. […]
Business News Housing and Planning Minister John Carey has defended building single dwellings amid a push for infill, saying some higher-density projects are just not viable in Perth. Speaking at an Urban Development Institute of Australia WA event today, Mr Carey was part of a panel speaking about the continued resistance to delivering density. UDIA WA chief executive Tanya Steinbeck asked […]
Business News More than half of new land purchasers in Western Australia during the recent quarter were investors, according to Urban Development Institute of Australia WA. UDIA WA’s urban development Index shows the proportion of investors in the market has surged from 28 per cent in the September 2022 quarter to 62 per cent in the […]
The West Australian WA land buyers are set to pay significantly more money for smaller blocks of land as dwindling land supply becomes the next major battleground in the housing crisis. New figures from the Urban Development Institute, revealed at a recent housing roundtable, show land is back in hot demand, with a 70 per […]
The latest edition of UDIA’s Land Report was published in The West Australian on Saturday 14 October providing readers an overview of the current state of the land market in Perth. Released twice a year the Land Report provides readers with an overview of the current status of the land market across the Perth Metropolitan […]