MOST PEOPLE HAVE NOW HEARD OF ELIZABETH QUAY BUT MOST WOULD NOT BE AWARE OF THE DETAILED PLANNING THAT IS SITTING BEHIND THIS MASSIVE PROJECT. Whilst the government is currently constructing the inlet, it will be the private sector that takes up the opportunity to deliver the hotels, restaurants, shops and office space. The Metropolitan […]
FIRST HOME BUYERS PLAY A CRITICAL ROLE IN THE PROPERTY MARKET BECAUSE THEY HELP TO “UNCLOG” THE MIDDLE MARKET. In a normal market first homebuyers are about 20 to 25 percent of the market but they are still running well above that level in some areas. WA Treasury figures show that first home buyer activity […]
WHILST THE FUNDAMENTALS FOR A CONTINUED UPLIFT IN PROPERTY ACTIVITY ARE STRONG, PROPERTY MARKET MOMENTUM WILL BE MAINTAINED AND EXACERBATED BY EMOTIONAL FACTORS Strong economic growth, record population growth, a tight rental market, decreasing mortgage costs, falling property listings; the list could go on. Even though the land development industry is largely not optimistic, these […]
UDIA WELCOMED LAST WEEK’S ANNOUNCEMENT BY THE PLANNING MINISTER OF NEW GUIDELINES FOR THE PREPARATION OF DEVELOPMENT STRUCTURE PLANS. Most people will look blankly at you when you start to talk about structure plans but they are the first round of planning that occurs for new sites. They are intended to give a broad understanding […]
SOMETIMES WHEN WE REFER TO DEVELOPERS MANY PEOPLE THINK OF BIG CORPORATE ENTITIES BUT THERE ARE MANY OF US INVOLVED AT A FAR SMALLER SCALE There are currently over seventy thousand lots with conditional approval from the WA Planning Commission wrapped up in 4,362 applications, which is an average of just over 16 lots per […]
REAL ESTATE HAS TRADITIONALLY BEEN SEEN AS A LOCAL BUSINESS BUT INCREASINGLY WE ARE SOURCING FUNDING , MATERIALS AND EVEN BUYERS FROM OVERSEAS. In WA, whilst we have had massive foreign investment into mining, we lag behind in real estate investment. The Foreign Investment Review Board identified that Western Australia attracted just 5.4 per cent […]
A LOOK AT HOW ACTIONS FIVE YEARS AGO PRECIPITATED SUBDUED MEDIUM AND HIGH DENSITY DEVELOPMENT IN WESTERN AUSTRALIA On the face of it, Friday August 10, 2007 isn’t the most memorable date on the calendar. More Australians would probably remember it as the day last placed Richmond beat Collingwood rather than as one of the […]
FIVE MONTHS OF STRONGER PROPERTY MARKET ACTIVITY IN 2012 SUGGESTS THAT THE TOUGH PROPERTY MARKET CONDITIONS IN 2010 AND 2011 ARE BEHIND US. Data released this month by the Australian Bureau of Statistics indicate that the rate cuts in May and June are starting to have a positive effect which is a good thing for […]
BUILDING, PLANNING AND LAND-USE REGULATIONS ARE THE LARGEST BURDENS IMPOSED ON BUSINESS BY LOCAL GOVERNMENTS IN AUSTRALIA, ACCORDING TO THE PRODUCTIVITY COMMISSION’S MOST RECENT REPORT, “PERFORMANCE BENCHMARKING OF AUSTRALIAN BUSINESS REGULATION: THE ROLE OF LOCAL GOVERNMENT AS REGULATOR.” In undertaking this study, the Productivity Commission was requested to benchmark the extent to which local governments, […]