WA Today
A shelved plan to determine what land around Perth could be developed and what remnant bushland should be protected must be restarted as a priority to avoid future housing affordability issues, Western Australia’s peak developer lobby has warned.
Home building incentives, started as part of the COVID-19 economic recovery, from the state and federal governments saw an increase in vacant lot sales in Perth.
While there is still plenty of stock in the short term, the Urban Development Institute of Australia WA is concerned a decline in supply for urban-zoned land could place additional pressure on housing affordability.
The organisation’s state budget submission has pushed for the WA government to fund the finalisation of a strategic assessment of the Perth and Peel regions; a mechanism under federal law that creates environmental approvals for an entire landscape to provide certainty around what areas can be developed.
To read the article in full, including extensive comments from UDIA WA CEO Tanya Steinbeck, click here.
To read our State Budget Submission in full, click here.