• DISTANCE FROM CITY NO DISADVANTAGE

    THERE ARE MANY OTHER FACTORS AT PLAY IN RELATION TO SOCIAL DISADVANTAGE AND INDEED WHERE PEOPLE CHOOSE TO LIVE One of the frustrations of public policy is when a single issue is examined and presented…

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  • DECLINING INTEREST RATES TO DRIVE REBOUNDING RESIDENTIAL CONSTRUCTION

    THE LATEST HOUSING INDUSTRY FORECASTING GROUP REPORT, TABLED IN PARLIAMENT BY MINISTER FOR HOUSING BILL MARMION YESTERDAY, HAS LIFTED ITS FORECASTS FOR DWELLING COMMENCEMENTS IN WESTERN AUSTRALIA AFTER RESIDENTIAL CONSTRUCTION AND LAND MARKET ACTIVITY GREW…

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  • CBD CENTRIC ARGUMENTS OFF THE MARK

    THE GRATTAN INSTITUTE’S LATEST REPORT, PRODUCTIVE CITIES, IS RICH IN STRONG CONCEPTUAL ARGUMENTS, BUT ITS FAILURE TO ADDRESS SOME OF THE DIFFERENCES BETWEEN PERTH AND AUSTRALIA’S OTHER THREE LARGEST CITIES MAKES IT A SOMEWHAT SLANTED…

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  • SALES UP, BUT WHAT ABOUT PRICES?

    STOCK LEVELS HAVE DECLINED BY A THIRD, SALES ARE AT SIX-YEAR HIGHS; THIS WILL INEVITABLY PUT UPWARD PRESSURE ON PRICES. Six months ago, I mentioned that the fundamentals had shifted dramatically in favour of new…

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  • HOUSING CRISIS LOOMS

    WITH LAND MARKET ACTIVITY HAVING PICKED UP PACE OVER THE LAST 12 MONTHS, STEVE ROBERTSON FROM PRM PROPERTY GROUP DISCUSSES THE THREAT OF A HOUSING SUPPLY CRISIS With further evidence emerging of a healthy recovery…

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  • CONSTRUCTION TIMEFRAMES TO WIDEN, BUT COST INCREASES CONTAINED

    PAUL ROBERTS, ASSOCIATE AT RIDER LEVETT BUCKNALL, DISCUSSES HIS FORECASTS FOR CONSTRUCTION TIMEFRAMES AND COSTS IN WESTERN AUSTRALIA Growth in the Western Australian economy continues to surpass growth in all other states, supported by solid…

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  • TACKLING UNDERSUPPLY

    CONTRARY TO THE OPINION OF SOME, THE LAST THING THE DEVELOPMENT INDUSTRY WANTS IS AN OVERHEATED MARKET BECAUSE A RAPID ESCALATION IN PRICING BRINGS IN SPECULATORS WHO TRY TO BUY AND SELL ON THE SAME…

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  • LOTS BROUGHT FORWARD TO EASE LAND SUPPLY PRESSURES

    LAND DEVELOPERS BROUGHT FORWARD NEW LAND RELEASES IN THE MARCH QUARTER TO HELP MEET INCREASING DEMAND FOR NEW DWELLINGS IN PERTH THAT HAS SEEN SALES VOLUMES REACH THEIR HIGHEST LEVEL SINCE 2006 Research by the…

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  • LOAN FIGURES SHOW WE’RE ON THE UP

    THIS WEEK ABS DATA WAS RELEASED SHOWING THAT THE NUMBER OF HOME LOANS INCREASED 18.9 PER CENT IN WESTERN AUSTRALIA TO THEIR HIGHEST LEVEL SINCE 2009, DRIVEN BY AN INCREASE IN LOANS TO UP-GRADERS (I.E.…

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