Business News

Western Australia’s civil contractors are feeling the pinch of the government stimulus measures that prompted a surge of new house-and-land sales, with industry calling for timeframe extensions.

Few predicted the spike in demand that followed the state and federal governments’ housing packages, released in June.

More than 3,320 new lots were sold during the June quarter.

This is the highest number of land sales ever recorded by the Urban Development Institute of Australia WA for a quarter since its first land market survey in 1990.

To read the story in full, including comments from UDIA WA CEO Tanya Steinbeck, click here.