URBAN DEVELOPMENT INDUSTRY PROFESSIONALS EXPERIENCED A STRONG LIFT IN WORKLOADS OVER THE LAST SIX MONTHS AND MANY EXPECT CONDITIONS TO STRENGTHEN FURTHER OVER SUMMER, ACCORDING TO THE LATEST INDUSTRY PREDICTIONS SURVEY. Sales activity and general confidence in buying new dwellings has improved substantially over the last two years in Western Australia, with the industry experiencing […]
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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 dwellings and this would translate into further increases in land sales and eventually construction. Land sales in Perth subsequently increased […]
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Business News A new report suggests Perth’s capacity to meet housing demand is diminishing, as stock of readily developable land runs low. Restrictive planning controls, infrastructure constraints, and land fragmentation are among the key factors limiting the supply of housing to the market, according to the Urban Development Institute of Australia. The institute’s latest report, […]
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