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The Urban Development Institute of Australia (UDIA) is Australia’s peak Representative body for all segments of the Urban Development Industry. The institute has been representing the industry in Western Australia for more than 40 years.
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Cost to build homes in Perth increases, putting pressure on established market
WA Today The cost of building a new home in Perth has continued to climb, pushing the city’s depleted established residential property market to new highs. CoreLogic’s latest Cordell Construction Cost Index, which tracks the…
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Headline inflation drops to 2.7pc, down from 3.5pc, as energy rebates kick in
ABC The annual rate of headline inflation fell to 2.7 per cent in August, down from 3.5 per cent in July. That huge slowdown in the pace of headline inflation was expected, but economists say…
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Rate cuts may be imminent. What impact will they have on Perth house prices?
Domain Property industry commentators say any interest rate cuts by the Reserve Bank are likely to accelerate house price growth in Perth’s sizzling market. With inflation now edging towards 3 per cent, markets are pricing…
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WA housing affordability declines
Business News Nearly 40 per cent of a family’s income is needed to afford a house in Western Australia, industry data for the past quarter shows. The Real Estate Institute of Australia Housing Affordability Report…
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Almost a third of suburbs see property prices fall
Australian Property Investor Property prices are in decline in almost 30 per cent of Australian suburbs, a fact that a surprisingly high proportion of Australians regard with a sense of relief. The past three months…
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WAPC chair to retire
Business News. Chairman of the state’s peak planning body David Caddy will retire from the role by the end of 2024, after five decades of service in the sector. Mr Caddy has been chair of…
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‘Buy here & we die here’: The 10 most tightly-held WA suburbs where locals lock in for as long as they can
The West Australian They’re the tightly held spots in our State that locals don’t really want you to know about. Pleasantville suburbs or townships where ‘when you buy there — you die there’. Across WA…
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Lazy land: State government invests $17 million to unlock hundreds of new apartments
WA Today The state government will tip $17 million into expanding its Housing Diversity Pipeline program to allow developers to propose sites for the delivery of new homes on government owned ‘lazy land’. Under the…
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Perth residential building approvals 10,000 lower than a decade ago when population was much smaller
The West Australian Perth’s “Everest-sized” housing crisis has been highlighted by new figures which show the number of residential building approvals last financial year was 10,000 lower than a decade ago. The latest Australian Bureau…