THE WEST AUSTRALIAN Two powerful property industry lobby groups are backing State Opposition plans to block the introduction of a foreign buyer tax on residential property. The Urban Development Institute of Australia WA and Property Council of Australia WA have accused the Treasurer of jeopardising the State’s fragile property recovery. At 2.1 per cent, WA, […]
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New Homes Industry leaders in Western Australia’s homebuilding scene have welcomed the State Government’s decision to extend the Building Bonus program, with builders now allowed 12 months from the date a building contract is signed to commence construction. The program, introduced earlier this year to quell the effects of COVID-19 on the construction sector, originally […]
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LAND SALES OF MORE THAN 40 PER CENT ABOVE HISTORICAL AVERAGES PUT FURTHER PRESSURE ON SUPPLIES IN THE SEPTEMBER QUARTER. A survey of over thirty major land developers by the Urban Development Institute of Australia (WA Division) showed the number of blocks on the market fell 9.7 per cent over the three months to September […]
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