Category: Uncategorized
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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…
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Budget spend could dent development
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…
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Interest rate rise not the most pressing issue
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…
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Housing affordability takes a cash rate hit
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…
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Building grants create ‘unintended consequences’ for Perth’s overheated construction industry
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…