LAND SALES OF MORE THAN 40 PER CENT ABOVE HISTORICAL AVERAGES PUT FURTHER PRESSURE ON SUPPLIES IN THE SEPTEMBER QUARTER. A survey of over thirty major land developers by the Urban Development Institute of Australia (WA Division) showed the number of blocks on the market fell 9.7 per cent over the three months to September […]
THE CHANGES TO THE FIRST HOME OWNER GRANT HAVE ENCOURAGED A FURTHER LIFT IN FIRST HOME BUYER INTEREST IN NEW DWELLINGS, WHICH HAS ALREADY BEEN THE TREND FOR SOME TIME. First Home Owner Grant application data showed grant applications for new dwellings lifted 17 per cent in October to 633. The First Home Owner Grant […]
DESPITE ABOVE AVERAGE DWELLING CONSTRUCTION EXPECTED NEXT YEAR, AN UNDER-SUPPLY OF AFFORDABLE HOUSING FOR RENT AND HOME OWNERSHIP PERSISTS, ACCORDING TO THE LATEST HOUSING INDUSTRY FORECASTING GROUP REPORT. The Housing Industry Forecasting Group (HIFG) consists of industry and government representatives who collate data and attempt to polish up their crystal ball to forecast the delivery […]
INCREASED ACCEPTANCE OF SMALLER LOTS HAS KEPT LAND PRICES FROM RISING EXCESSIVELY OVER THE PAST YEAR. With demand for vacant land increasing and stock levels declining, there has been upward pressure on prices over the past 12 months. But rather than the double digit gains that were experienced from 2003 to 2007, the growth in […]
WHEN PEOPLE TALK ABOUT THE PERTH RIVERFRONT MOST PEOPLE THINK ABOUT THE PROPOSALS OVER THE LAST DECADE OR SO BUT DEVELOPMENT CONCEPTS HAVE BEEN FLOWING THROUGH SINCE THE 1800’S. An exhibition being hosted by AUDRC (the Australian Urban Design Research Centre) shows many of the plans, in chronological order, providing a fascinating insight into our […]
EVERYBODY IS IN FURIOUS AGREEMENT THAT WE NEED TO DELIVER MORE AFFORDABLE DWELLINGS, THE QUESTION IS HOW. The Department of Planning recently released a document called “Planning Provisions for Affordable Housing” which tries to tackle the thorny issue of affordable housing. Once you move outside of the Department of Housing’s funded works there are only […]
A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND RESIDENTIAL PROPERTY MARKET REPORT The last few months have seen a significant shift in housing market media attention with a surge in auction activity and signs of strong price rises in Sydney putting house price discussions – at a national level – back to the front pages. […]
THE DWELLING CONSTRUCTION PIPELINE IN WESTERN AUSTRALIA RECEIVED A FURTHER BOOST, WITH THE SEPTEMBER QUARTER RECORDING THE HIGHEST NUMBER OF DWELLING CONSTRUCTION APPROVALS SINCE 1988. Figures published by the Australian Bureau of Statistics today showed that dwelling approvals – a leading indicator of dwelling construction – in WA increased 6.3 per cent over the three […]
UNCERTAIN DEVELOPMENT PROCESSES HAVE A MEASURABLE EFFECT ON DEVELOPMENT OUTCOMES. THIS ARTICLE DETAILS ONE EXAMPLE OF SUCH UNCERTAIN PROCESSES. We are often contacted by readers of this column and the recent five page letter outlining the eighteen year history of a rezoning application is a story worth telling. The story starts back in 1994 when […]