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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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ACCESS TO THE CBD LOSING IMPORTANCE
WHERE WE LIVE AND WORK HAS IMPORTANT IMPLICATIONS ON OUR LIVES, BUT FOR THE MAJORITY OF PERTH’S RESIDENTS PROXIMITY TO THE CBD IS NOT A DECIDING FACTOR IN WHERE WE LIVE. We go to a…
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LOT SUPPLY LOOKS GOOD IN SHORT-TERM
UDIA RECENTLY RELEASED OUR “URBAN DEVELOPMENT INDEX” WHICH IS A SURVEY OF OVER EIGHTY DEVELOPMENTS. THE SURVEY COVERS AN ENORMOUS VARIETY OF INFORMATION BUT THE DATA THAT EVERYBODY LOOKS TO FIRST IS WHETHER THERE WILL…
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NOVEMBER PROPERTY MARKET UPDATE
PROPERTY IS BACK IN THE FRONT PAGES IN PERTH AND THE MEDIA ATTENTION WILL ONLY INCREASE AS WE HEAD INTO A SUMMER THAT IS EXPECTED TO BE THE SUNNIEST FOR THE PROPERTY DEVELOPMENT SECTOR SINCE…
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CAN YOU IMAGINE PERTH AT 6.6 MILLION
LONG-TERM PROJECTIONS DIDN’T EXPECT THE RAPID POPULATION GROWTH PERTH HAS EXPERIENCED IN RECENT YEARS AND THEREFORE THE DIRECTIONS 2031 FORECAST OF 2.2M IS NOW MORE LIKELY TO BE REACHED 15 YEARS EARLIER. Perth has come…
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PLANNING REFORMS ESSENTIAL
MOST PEOPLE ARE AWARE THAT THE COST OF INTEREST ON A LOAN CAN BE MORE THAN THE COST OF WHAT YOU PURCHASED, DEPENDING UPON THE INTEREST RATE AND THE DURATION OF THE LOAN. IN PROPERTY…
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STRONG SALES PUSH STOCK LEVELS DOWN
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…
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GRANT CHANGES LIFT FIRST TIME BUYER INTEREST IN NEW DWELLINGS
THE CHANGES TO THE FIRST HOME OWNER GRANT HAVE ENCOURAGED A FURTHER LIFT IN FIRST HOME BUYER INTEREST IN NEW DWELLINGS, WHICH HAS ALREADY BEEN THE TREND FOR SOME TIME. First Home Owner Grant application…
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CONSTRUCTION FORECAST POSITIVE, BUT AFFORDABILITY STILL A CONCERN
DESPITE ABOVE AVERAGE DWELLING CONSTRUCTION EXPECTED NEXT YEAR, AN UNDER-SUPPLY OF AFFORDABLE HOUSING FOR RENT AND HOME OWNERSHIP PERSISTS, ACCORDING TO THE LATEST HOUSING INDUSTRY FORECASTING GROUP REPORT. The Housing Industry Forecasting Group (HIFG) consists…
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SMALLER LOTS KEEP A LID ON LAND PRICE GROWTH
INCREASED ACCEPTANCE OF SMALLER LOTS HAS KEPT LAND PRICES FROM RISING EXCESSIVELY OVER THE PAST YEAR. With demand for vacant land increasing and stock levels declining, there has been upward pressure on prices over the…