Category: Uncategorized
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Just six years until Perth runs out of development land
Australian Property Investor Magazine Perth is one of the most affordable cities in the country but that status is under threat, with the city having just six years of supply left in current major greenfield…
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New report highlights fears for WA housing market capacity
Build Australia As Western Australia grapples with a critical housing supply shortage that is threatening longer term affordability, the Urban Development Institute of Australia (UDIA WA) has launched a new report that sets out four…
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The need to shift attitudes on social, affordable housing
Business News John Carey said developers resistant to social and affordable housing must “change their narrative” by playing their part in addressing a critical shortage in housing supply. Western Australia’s Minister for Lands, Housing, Homelessness and…
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Townhouses stacking up for developers
Business News Townhouses are emerging as an attractive option for developers and consumers amid housing affordability challenges and risks around multi-residential projects. While building approvals for semi-detached dwellings fell in the five years to 2021,…
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Australia’s largest builder in crisis talks with state government
Australian Property Investor Australia’s largest building company, Metricon, has denied reports it is facing insolvency or at risk of joining a long line of major builders to go into liquidation. Executives from the company are…
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Skills and material shortage at root of land sales dip
The Property Tribune The March quarter saw land sales dip by 22% according to Urban Development Institute of Australia (UDIA) figures. While easing government stimulus measures may be a factor, the CEO of UDIA’s WA branch Tanya Steinbeck,…
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Restricted land supply, slow construction sees WA land sales drop 22pc
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…
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Housing supply out of step with population growth
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…
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Shortages put the bite on land sales
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…