19 May 2021 Posted In: Uncategorized

The West Australian

Land sales are still booming in Perth as West Australians race to snap up lots to construct new homes despite the winding up State and Federal government stimulus measures.

There were 1,927 new lots sold in the March 2021 quarter compared with 1,466 in the previous period, according to the latest figures from Urban Development Institute of Australia.

UDIA WA chief executive Tanya Steinbeck said new lot sales increased by close to 5 per cent during the March 2021 quarter and construction activity was up 47 per cent on the same time last year.

To read the full article including data from the latest edition of the Urban Development Index and extensive comments from UDIA WA CEO Tanya Steinbeck, click here.

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