ABC Drive with Geoff Hutchison

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 […]

IN WESTERN AUSTRALIA, 2012 WAS THE MOST ACTIVE YEAR FOR FIRST HOME BUYERS SINCE THE FEDERAL GOVERNMENT’S TEMPORARY STIMULUS ENDED IN 2009 Figures published yesterday show that the number of First Home Owner Grants (FHOG) paid in Western Australia increased 28 per cent to 17,171 in 2012. “Throughout 2011/12 first home buyer momentum drove the […]

The West Australian WA’s construction inflation was a key factor in the recent decision by the Reserve Bank of Australia to keep the cash rate on hold, with the State leading the nation in that category. Cotality revealed WA build costs increased the most in Australia — up 0.7 per cent over the June quarter […]