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) […]
Read more
HOUSING AFFORDABILITY PRESSURES HAVE BEEN A SIGNIFICANT DRIVER OF THE TREND TOWARDS SMALLER BLOCKS IN PERTH. WHETHER THIS TREND TOWARDS SMALLER LOTS WILL BE AS SIGNIFICANT OVER THE NEXT FIVE YEARS AS THE PREVIOUS FIVE WILL LARGELY DEPEND ON IF GOVERNMENT AND INDUSTRY WORK TOGETHER TO PROVIDE INNOVATE, WELL DESIGNED HOUSING SOLUTIONS. A tenth of […]
Read more
IF WE ARE TO ADDRESS HOUSING AFFORDABILITY WE NEED TO REALLY UNDERSTAND COMMUNITY EXPECTATIONS. With Christmas just around the corner people are looking to those less fortunate than themselves. Last week the Senate Economic Reference Committee announced an enquiry into Affordable Housing. Over the last decade we have seen reviews at both the State and […]
Read more