THE CHALLENGE OF DELIVERING SUFFICIENT ACCOMMODATION THAT COMPLIES WITH THE REQUIREMENTS OF “UNIVERSAL ACCESS” IS CONSIDERABLE An interesting document was released recently by URBIS which looked at disability care and the property sector. They quoted the Productivity Commission Report on Disability Care and Support released in 2011 which estimated that $1.2b per year needs to […]
AFFIRMATION THAT LAND SALES VOLUMES ARE INCREASING OR DECREASING IS UNFORTUNATELY A POST-HOC PROCESS IF YOU ARE RELYING SOLELY ON FINAL SETTLED SALES DATA While Landgate (the state government’s land information provider) sales data is valuable and informative, there is a considerable lag between when land sales contracts are signed and when they are settled. […]
BIS SHRAPNEL IS FORECASTING PERTH’S MEDIAN HOUSE PRICE TO RISE BY A TOTAL 15 PER CENT OVER THE THREE YEARS TO JUNE 2016 (FROM $520K TO $598K), ALTHOUGH THIS WILL BE PRIMARILY CONCENTRATED IN 2013/14 AND 2014/15 The report Residential Property Prospects, 2013 to 2016 predicts that the emerging momentum in price growth in Perth […]
WESTERN AUSTRALIA’S POPULATION GREW BY AN AVERAGE OF 1,432 PEOPLE EACH WEEK DURING THE DECEMBER QUARTER, DOWN FROM 1,613 THE PREVIOUS QUARTER AND THE SLOWEST INCREASE SINCE DECEMBER 2011. BUT, ACCORDING TO THE ABS ESTIMATES, THE DECEMBER QUARTER GROWTH IS STILL HISTORICALLY HIGH AND CAPPED OFF A YEAR OF RECORDS. The state’s population growth in […]
A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND PROPERTY MARKET UPDATE. WA economy Expenditure, as measured by state final demand, has fallen for the past two quarters in Western Australia. In the March quarter, expenditure fell a seasonally adjusted 3.9 per cent, or around $2b, with the decline in spending almost all contributable to a […]
WHEREVER YOU CHOOSE TO BUY YOUR FIRST HOME, CHANCES ARE IT WILL BE A GOOD INVESTMENT First home buyers are an important component of the property market, buying both new properties and existing homes. The new properties contribute to the number of smaller dwellings available in Perth and the purchase of existing stock allows for […]
THE RESERVE BANK BOARD’S DECISION TO CUT THE CASH RATE TO A HISTORICAL LOW IN EARLY MAY HAS ENCOURAGED A STRONG LIFT IN FIRST HOME BUYERS IN WESTERN AUSTRALIA. The number of applications for the FHOG increased 22 per cent in May, reaching levels not seen outside the 2008/09 construction stimulus period. Urban Development Institute […]
THE MINISTER FOR PLANNING RECENTLY ANNOUNCED CHANGES TO THE RESIDENTIAL DESIGN CODES, (THE R-CODES) THAT WILL IMPACT ON FUTURE DEVELOPMENT IN WESTERN AUSTRALIA, PARTICULARLY THE DELIVERY OF SMALLER LOTS. The R-Codes help establish the density of housing by detailing the minimum size of the lot and then the average lot size in an area. R-20 […]
PILBARA HOUSING MARKETS HAVE FELT THE FULL FORCE OF UNPRECEDENTED ECONOMIC ACTIVITY, BUT NOW ARE STARTING TO NORMALISE AS MINING CONSTRUCTION INVESTMENT EASES WA Nationals leader Brendon Grylls called the Pilbara the ‘epicentre of economic growth in the world’. The world is a stretch, but the Pilbara has definitely driven economic growth in Australia, particularly […]