WA Today A shelved plan to determine what land around Perth could be developed and what remnant bushland should be protected must be restarted as a priority to avoid future housing affordability issues, Western Australia’s peak developer lobby has warned. Home building incentives, started as part of the COVID-19 economic recovery, from the state and […]
Business News RESIDENTIAL land developers are cautiously optimistic about future sales in Western Australia, as the sector stabilises after years of volatility. Major players are reporting lower demand for new land than in 2020, when COVID-19 stimulus packages prompted a flurry of buying activity, but are confident the appetite for their product remains strong. Favourable […]
The West Australian There are growing calls for targeted stamp duty relief to help home buyers “rightsize” amid the chronic housing shortage. The Real Estate Institute of WA and the Urban Development Institute of WA have used pre-Budget submissions to lobby for better housing supply and affordability, as the State struggles with accommodation woes. High […]
Business News WESTERN Australia’s borders are open after almost two years, paving the way for interstate and overseas workers to plug the skills gaps exacerbated during COVID-19. But historically low rental vacancy rates mean there are few places for these workers to live. Industry experts describe the issue as a double-edged sword, as an undersupply […]
The West Australian Western Australian property developer Hesperia has achieved its first EnviroDevelopment certification, with the new Rivermark residential development receiving a stamp of excellence in sustainability. The Viveash estate on the banks of the Swan River attained full certification in the UDIA program, which helps buyers identify and choose more environmentally sustainable homes and […]
Business News Leading independent economist Jonathan Pain says he expects at least four interest rate rises within this calendar year, as monetary policy normalises. Speaking at an Urban Development Institute of Australia WA event today, the JP consulting director said central banks around the world had injected $32 trillion of monetary and fiscal stimulus in […]
UDIA WA CEO Tanya Steinbeck spoke to Perth LIVE with Oliver Peterson regarding the current state of the land market following another quarter of promising results as showcased in the latest edition of UDIA WA’s Urban Development Index. Listen to the chat here from 1:20:00. UDIA WA members can access the full edition of the […]
The West Australian The booming land sales market is defying logic, with demand skyrocketing while prices remain stagnant. New figures from the Urban Development Institute of WA show land sales grew 15 per cent in the December quarter, but prices were relatively stable with a one per cent increase in 2021. UDIA WA chief executive […]
The West Australian There may be a silver lining to the well-documented trade and material shortages that have been marring the industry, with the building delays potentially slowing down urban sprawl. According to Realmark North Coastal Sales Associate Dave Seah, Perth has one of the largest urban sprawls in the country. “On a good day, […]