BEFORE WE CAN UNDERSTAND HOW THE PERTH MARKET IS LIKELY TO BEHAVE IN 2014, LET’S FIRST TAKE A LOOK BACK AT DEVELOPMENTS OVER THE LAST COUPLE OF YEARS. Throughout most of 2011, dwelling sales were crawling along at their lowest levels in over a decade. As of October 2011, dwelling sales were 28 per cent […]
IF WE ARE TO ADDRESS HOUSING AFFORDABILITY WE NEED TO REALLY UNDERSTAND COMMUNITY EXPECTATIONS. With Christmas just around the corner people are looking to those less fortunate than themselves. Last week the Senate Economic Reference Committee announced an enquiry into Affordable Housing. Over the last decade we have seen reviews at both the State and […]
THE DEPARTMENT OF PLANNING UNDERTOOK A REVIEW OF DEVELOPMENT ASSESSMENT PANELS RECENTLY AND FEEDBACK WAS MIXED. Development Assessment Panels (DAPs) were introduced into Western Australia in 2011 with the objective of increasing transparency, consistency and reliability in decision making on complex development applications. Controversial at the time, the panels included representatives from local government as […]
URBAN DEVELOPMENT INDUSTRY PROFESSIONALS EXPERIENCED A STRONG LIFT IN WORKLOADS OVER THE LAST SIX MONTHS AND MANY EXPECT CONDITIONS TO STRENGTHEN FURTHER OVER SUMMER, ACCORDING TO THE LATEST INDUSTRY PREDICTIONS SURVEY. Sales activity and general confidence in buying new dwellings has improved substantially over the last two years in Western Australia, with the industry experiencing […]
WHERE WE LIVE AND WORK HAS IMPORTANT IMPLICATIONS ON OUR LIVES, BUT FOR THE MAJORITY OF PERTH’S RESIDENTS PROXIMITY TO THE CBD IS NOT A DECIDING FACTOR IN WHERE WE LIVE. We go to a real estate website and the first question we are asked is location. We have several options but we also have […]
UDIA RECENTLY RELEASED OUR “URBAN DEVELOPMENT INDEX” WHICH IS A SURVEY OF OVER EIGHTY DEVELOPMENTS. THE SURVEY COVERS AN ENORMOUS VARIETY OF INFORMATION BUT THE DATA THAT EVERYBODY LOOKS TO FIRST IS WHETHER THERE WILL BE ENOUGH LOTS FOR SALE OVER THE NEXT FEW MONTHS. The simple answer is yes, the industry is continuing to […]
PROPERTY IS BACK IN THE FRONT PAGES IN PERTH AND THE MEDIA ATTENTION WILL ONLY INCREASE AS WE HEAD INTO A SUMMER THAT IS EXPECTED TO BE THE SUNNIEST FOR THE PROPERTY DEVELOPMENT SECTOR SINCE 2005/06. Although land development and residential construction activity is unambiguously strong, the state’s economy is undoubtedly not running as hot […]
LONG-TERM PROJECTIONS DIDN’T EXPECT THE RAPID POPULATION GROWTH PERTH HAS EXPERIENCED IN RECENT YEARS AND THEREFORE THE DIRECTIONS 2031 FORECAST OF 2.2M IS NOW MORE LIKELY TO BE REACHED 15 YEARS EARLIER. Perth has come a long way from when it was a small town which only first started to grow with the gold rush […]
MOST PEOPLE ARE AWARE THAT THE COST OF INTEREST ON A LOAN CAN BE MORE THAN THE COST OF WHAT YOU PURCHASED, DEPENDING UPON THE INTEREST RATE AND THE DURATION OF THE LOAN. IN PROPERTY DEVELOPMENT, THESE “HOLDING COSTS” CAN BE CRIPPLING IF THE PROCESS TAKES LONGER THAN ANTICIPATED. In the Phase Two of the […]