The West Australian Restricted land supply and relatively slow construction has forced WA land sales down by more than a fifth in the first quarter of the year. New figures from the Urban Development Institute of Australia (WA), show there were 1,880 new land sales in the March 2022 quarter, down 22 per cent. Ms […]
Business News Western Australia’s population growth could happen sooner than the government expects, putting further strain on the state’s housing market, economic consultant Urbis says. Urbis director David Cresp responded to the latest Urban Development Institute Australia WA figures, which show a 22 per cent drop in new land sales in the March quarter, by saying more housing and land […]
The West Australian Restricted land supply and relatively slow construction have forced WA land sales down by more than a fifth in the first quarter of the year. New figures from the Urban Development Institute of Australia (WA), show there were 1880 new land sales in the March 2022 quarter, down 22 per cent. Chief […]
Business News Property groups have welcomed measures to boost housing supply in this year’s budget but say its record infrastructure spend could impinge on private sector development in a tight labour market. The state government announced a 50 per cent land tax exemption on build-to-rent developments, a transfer duty rebate for off-the-plan apartments up to […]
The West Australian For the first time in more than 11 years, the Reserve Bank of Australia (RBA) has lifted the official cash rate, increasing it by 25 basis points to 0.35 per cent. According to the RBA Governor Philip Lowe, the board judged that now was the right time to begin withdrawing some of […]
The West Australian 4 May 2022 The cash rate rise has heightened the need to boost the supply of housing, amid growing concerns about housing affordability. The Urban Development Institute of Australia (WA) echoed a forecast from economist Jonathan Pain that there were likely to be “at least four rate rises before the end of […]
ABC News It’s been 75 weeks since Perth couple Cassie and Julian Kirtisingham signed a contract to build a five-bedroom, two-bathroom house in the city’s southern suburbs. Like many new home buyers, the couple signed up in late 2020 so they could take advantage of $20,000 WA government and $25,000 federal government stimulus grants designed […]
Business News Industry leaders are finding ways to address shortfalls in affordable housing and homeless accommodation. The rising cost of living and housing supply pressures are contributing to an increase in homelessness and dependence on social housing. While government investment in these areas has grown, the private sector has a role to play in leveraging […]
The Urban Developer At least half Australia’s building companies are trading insolvent, teetering on the brink of collapse and the construction industry’s troubles are “about to get a whole lot worse”. So says Association of Professional Builders co-founder Russ Stephens as the casualties in the country’s pressure-cooker construction sector keep piling up. “Our estimate is […]