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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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Interest rate rise not the most pressing issue
The West Australian For the first time in more than 11 years, the Reserve Bank of Australia (RBA) has lifted the official cash rate, increasing it by 25 basis points to 0.35 per cent. According…
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Housing affordability takes a cash rate hit
The West Australian 4 May 2022 The cash rate rise has heightened the need to boost the supply of housing, amid growing concerns about housing affordability. The Urban Development Institute of Australia (WA) echoed a…
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Building grants create ‘unintended consequences’ for Perth’s overheated construction industry
ABC News It’s been 75 weeks since Perth couple Cassie and Julian Kirtisingham signed a contract to build a five-bedroom, two-bathroom house in the city’s southern suburbs. Like many new home buyers, the couple signed…
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Private sector plays plan to reduce homelessness
Business News Industry leaders are finding ways to address shortfalls in affordable housing and homeless accommodation. The rising cost of living and housing supply pressures are contributing to an increase in homelessness and dependence on…
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WA Builders Collapse But ‘Whole Lot Worse to Come’
The Urban Developer At least half Australia’s building companies are trading insolvent, teetering on the brink of collapse and the construction industry’s troubles are “about to get a whole lot worse”. So says Association of…
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Decline in urban-zoned land supply could place pressure on WA housing affordability
WA Today A shelved plan to determine what land around Perth could be developed and what remnant bushland should be protected must be restarted as a priority to avoid future housing affordability issues, Western Australia’s…
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Land sales price pressure likely
Business News RESIDENTIAL land developers are cautiously optimistic about future sales in Western Australia, as the sector stabilises after years of volatility. Major players are reporting lower demand for new land than in 2020, when…
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‘Rightsize’ may fit all – Stamp duty plan to fix housing
The West Australian There are growing calls for targeted stamp duty relief to help home buyers “rightsize” amid the chronic housing shortage. The Real Estate Institute of WA and the Urban Development Institute of WA…
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Border pressure on rental market
Business News WESTERN Australia’s borders are open after almost two years, paving the way for interstate and overseas workers to plug the skills gaps exacerbated during COVID-19. But historically low rental vacancy rates mean there…