The Property Tribune

Despite various stimulus measures such as Homebuilder winding up, new land sales in Perth remain strong, according to the Urban Development Institute of Australia (UDIA WA).

The latest figures show new lot sales increased by almost 5% during the March quarter.

While this quarterly figure is significant, there was a 31% increase in sales year-on-year for the March quarter – 1,927 compared to 1,466 same time last year.

To read the article in full including further data from the latest Urban Development Index and extensive comments from UDIA WA CEO Tanya Steinbeck, click here.