Business News

Western Australia’s population growth could happen sooner than the government expects, putting further strain on the state’s housing market, economic consultant Urbis says.

Urbis director David Cresp responded to the latest Urban Development Institute Australia WA figures, which show a 22 per cent drop in new land sales in the March quarter, by saying more housing and land supply is needed.

Budget papers estimated the state’s population would grow by 40,000 by the end of 2024, but Mr Cresp said there was a high chance this growth could occur sooner.

To read the full article, including comments from UDIA WA CEO Tanya Steinbeck on the latest figures in the March 2022 Urban Development Index, click here.