Business News Industry leaders are forecasting a return to equilibrium for WA, as population growth continues and the pipeline of supply gets built out. Speaking at an Urban Development Institute of Australia WA event today, Real Estate Institute of WA chief executive Cath Hart said Western Australians were more equipped to weather interest rate spikes than other states. “WA […]
Australian Property Investor Magazine As one of the most affordable capital cities in the country and one of the few still recording price growth, investment opportunities are arising in Perth, with a focus on one particular market segment. Conditions are ripe for investment in the Perth property market, which still holds the mantle of one […]
6PR New statistics released today show new land sales have fallen 17 per cent, since the March quarter this year. CEO of Urban Development Institute of Australia WA, Tanya Steinbeck told 6pr Radio she’s not surprised by the data amidst the labour and material shortages the industry is battling. For the full piece including radio […]
Business News New residential land sales have dropped by 17 per cent in the last quarter and by 4.6 per cent in the financial year, figures from the Urban Development Institute of Australia show. The UDIA’s latest survey of land developers showed 1,565 new lots were sold in the June 2022 quarter across the Perth […]
The West Australian The chronic skills shortage has tipped over into the land market, with a drop in sales as people shy away from building their homes. New data from the Urban Development Institute of Australia (WA) shows land sales continued to decline in the June 2022 quarter, with a 17 per cent drop compared […]
WAToday Perth Lord Mayor Basil Zempilas is pushing for ideas to nearly double the inner-city’s population to 55,000 people over the next 14 years in the face of high building costs and a stalled pipeline of high-rise residential development. Zempilas is seeking the backing of the broader council to task the local government’s administration with […]
Realestate.com.au A peak industry group has demanded the removal of one of the “most economically damaging taxes” by declaring war on stamp duty in Western Australia. The Chamber of Commerce and Industry WA released its report Stamping Out Stamp Duty today, highlighting for the first time that scrapping it would not only improve economic efficiency, but benefit […]
WAToday Western Australia welcomed an extra 420,000 residents in the 10 years to 2021, with some suburbs sprawled along Perth’s urban fringe more than tripling in population to absorb the intake. Back in 2011, fewer than 100 people lived in the northern coastal suburb of Alkimos. But the master planned community, one of the biggest […]
Opinion piece by UDIA WA CEO Tanya Steinbeck, published in The West Australian An educated, enlightened and informed population is one of the surest ways of promoting the health of a democracy. These words by Nelson Mandela ring true from the largest to the smallest forms of democracy and are entirely relevant when it comes […]