Perth property: Land for development could run out in four years in some areas
The West Australian
Land ripe for development in Perth could run out in as little as four years in some areas, according to a report.
Research by the Urban Development Institute of Australia, released today, claims the rate of consumption will mean demand outstrips supply in three years.
According to the UDIA’s calculations, land supply in the popular north-eastern corridor will be exhausted in 4.1 years.