Australian Property Investor Magazine Expert opinion piece by UDIA WA CEO Tanya Steinbeck. Perth is facing a drastic shortfall in new homes over the next couple of years but the city remains the most affordable for real estate investors looking for vacant blocks to develop. The ‘Lucky Country’ is fast turning into the ‘Impossible Country’, […]
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Business News Developers say the state’s planning system played a major role in the current housing shortage, with approval times blowing out by up to seven years in some cases. Speaking at an Urban Development Institute of Australia WA event today, Blackburne managing director Paul Blackburne commended the government on its planning reforms, but said the system was broken for many […]
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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 past 12 months. But rather than the double digit gains that were experienced from 2003 to 2007, the growth in […]
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