Business News
A new report suggests Perth’s capacity to meet housing demand is diminishing, as stock of readily developable land runs low.
Restrictive planning controls, infrastructure constraints, and land fragmentation are among the key factors limiting the supply of housing to the market, according to the Urban Development Institute of Australia.
The institute’s latest report, ‘Housing our community: Acting today to avoid tomorrow’s housing crisis’, was launched at a recent UDIA luncheon, attended by Planning Minister Rita Saffioti, who assured guests the state government was working to tackle these issues, including by the removal of red tape.
To read the article in full, including extensive comments from UDIA WA CEO Tanya Steinbeck, click here. To read the full housing supply report in full, click here.