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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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PERTH HOUSE PRICES TO RISE 15 PER CENT
BIS SHRAPNEL IS FORECASTING PERTH’S MEDIAN HOUSE PRICE TO RISE BY A TOTAL 15 PER CENT OVER THE THREE YEARS TO JUNE 2016 (FROM $520K TO $598K), ALTHOUGH THIS WILL BE PRIMARILY CONCENTRATED IN 2013/14…
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POPULATION GROWTH SLOWS IN DECEMBER QUARTER
WESTERN AUSTRALIA’S POPULATION GREW BY AN AVERAGE OF 1,432 PEOPLE EACH WEEK DURING THE DECEMBER QUARTER, DOWN FROM 1,613 THE PREVIOUS QUARTER AND THE SLOWEST INCREASE SINCE DECEMBER 2011. BUT, ACCORDING TO THE ABS ESTIMATES,…
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JUNE PROPERTY MARKET UPDATE
A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND PROPERTY MARKET UPDATE. WA economy Expenditure, as measured by state final demand, has fallen for the past two quarters in Western Australia. In the March quarter, expenditure…
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A GOOD DEAL FOR FIRST HOME BUYERS
WHEREVER YOU CHOOSE TO BUY YOUR FIRST HOME, CHANCES ARE IT WILL BE A GOOD INVESTMENT First home buyers are an important component of the property market, buying both new properties and existing homes. The…
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22 PER CENT JUMP IN FIRST HOME BUYER ACTIVITY IN MAY
THE RESERVE BANK BOARD’S DECISION TO CUT THE CASH RATE TO A HISTORICAL LOW IN EARLY MAY HAS ENCOURAGED A STRONG LIFT IN FIRST HOME BUYERS IN WESTERN AUSTRALIA. The number of applications for the…
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CODE CHANGES ARE BIG NEWS FOR SMALLER LOTS
THE MINISTER FOR PLANNING RECENTLY ANNOUNCED CHANGES TO THE RESIDENTIAL DESIGN CODES, (THE R-CODES) THAT WILL IMPACT ON FUTURE DEVELOPMENT IN WESTERN AUSTRALIA, PARTICULARLY THE DELIVERY OF SMALLER LOTS. The R-Codes help establish the density…
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PILBARA MARKETS NORMALISING
PILBARA HOUSING MARKETS HAVE FELT THE FULL FORCE OF UNPRECEDENTED ECONOMIC ACTIVITY, BUT NOW ARE STARTING TO NORMALISE AS MINING CONSTRUCTION INVESTMENT EASES WA Nationals leader Brendon Grylls called the Pilbara the ‘epicentre of economic…
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NEW DWELLINGS LEAD LOAN GROWTH IN APRIL
THE NUMBER OF NEW HOUSING LOANS INCREASED FOR THE FOURTH CONSECUTIVE MONTH IN APRIL, WITH LOANS FOR THE CONSTRUCTION AND PURCHASE OF NEW DWELLINGS LEADING THE WAY. According to figures published by the Bureau of…
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FUN APP AIMS TO ENGAGE
FOR PEOPLE LIKE ME THAT LOVE STATISTICS, THE AUSTRALIAN BUREAU OF STATISTICS (ABS) DATA IS FASCINATING BUT NOT NECESSARILY FUN. ALL OF THAT CHANGED WITH THE RELEASE OF THE “RUN THAT TOWN” APP. The “Run…