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 […]
Business News Land-lease communities are emerging as a realistic housing option for some Western Australians. The form of housing, which involves residents purchasing a home and renting the land it sits on, is targeted at people aged 55 and above. Data from Urbis shows there are 25 land-lease communities in WA across 12 operators, featuring […]
The West Australian There’s a sweet spot between infill and sprawl Tanya Steinbeck Having “housing choice” suggests freedom to choose between several options. But as anyone in WA looking to buy or rent a home knows, choice is a luxury few have — let alone can afford. Well-intentioned infill targets set by the State for […]
ABC News The Reserve Bank has delivered its third interest rate cut of 2025, with a 0.25 percentage point reduction at its August board meeting. That takes the cash rate to 3.6 per cent for the first time since April 2023. The move had been overwhelmingly anticipated by financial markets and economists after the surprise […]