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 (WA Division) showed the number of blocks on the market fell 9.7 per cent over the three months to September […]
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FIRST HOME BUYERS IN PERTH SPENT A RECORD MEDIAN OF $450,000 ON THEIR HOME IN JULY, WHICH IS UP $32,000 (7.7 PER CENT) COMPARED TO 12 MONTHS AGO. “There are many first home buyers and investors competing in the same sub-$600,000 market, which is forcing prices up,” said Urban Development Institute of Australia (WA Division) […]
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Business News More than half of new land purchasers in Western Australia during the recent quarter were investors, according to Urban Development Institute of Australia WA. UDIA WA’s urban development Index shows the proportion of investors in the market has surged from 28 per cent in the September 2022 quarter to 62 per cent in the […]
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