WAToday While already well-established in the United Kingdom and United States, the build-to-rent property development model is in its infancy in Western Australia. But the concept is expected to gain traction following the announcement of state and federal tax sweeteners for the private sector to commit to new projects. Limnios Property Group managing director James […]
The Bankwest Curtin Economics Centre launched their new report, Housing Affordability in Western Australia 2023: Building for the future on Friday 5 May. This report found that housing affordability is deteriorating for both renters and mortgage holders, with no end in sight. Read the full report here: https://bit.ly/bcechousing2023 Tune in from 44:48 for the Panel […]
Australian Property Investor Magazine Western Australia’s state budget this week introduced measures to ease pressure on the housing supply crisis, but the UDIA is advocating for more to be done. Perth holds the mantle as one of the most affordable capital cities in Australia, however following Thursday’s State Budget, handed down by Premier and Treasurer […]
The Property Tribune The Western Australian Government has announced its latest Budget, with some of the key highlights: an expected $3.3 billion surplus for 2023-2024, and some $715 million in cost of living relief. Premier Mark McGowan’s latest Budget also delivers a $750 million boost for housing supply and housing choice initiatives. The Urban Development Institute of Australia (UDIA WA) […]
Business News Broader praise for Western Australia’s ‘ironclad budget’ has been accompanied by industry calls to build the state’s investment appeal and diversify the economy. S&P Global Ratings said WA’s robust economic growth, a historically tight job market, and lofty iron ore prices were buttressing the state’s fiscal performance. Despite describing the budget as ‘ironclad’, […]
The Property Tribune Interest rate rises, higher property prices and rent increases have made housing less affordable in Western Australia according to new report Housing Affordability in Western Australia 2023 from the Bankwest Curtin Economics Centre (BCEC). The report found that increased housing demand, driven by factors such as population growth, has been putting extreme pressure on rental […]
WAToday The Urban Development Institute of WA has called for the foreign buyers scheme to be scrapped and for the state government to make the off-the-plan duty rebate scheme permanent and extend it to apartment projects under construction. The scheme currently provides a 100 per cent rebate for residential apartments in multi-storey developments valued below […]
The Property Tribune Housing supply and affordability is an ongoing challenge in cities and regions around the world as populations continue to grow and demand for affordable housing outstrips supply. Here in Perth, we continue to grapple with record-low rental vacancy rates and a housing supply shortage that is reaching critical levels. Coupled with the […]
Australian Property Investor Magazine Perth’s affordable fringe suburbs are selling fast but soaring rents are still not enough of a lure to stop property investors from fleeing the market. Houses in Perth’s outer suburbs are flying off the shelves in less than a week, as the most affordable properties in the country’s most affordable capital […]