Business News RESIDENTIAL land developers are cautiously optimistic about future sales in Western Australia, as the sector stabilises after years of volatility. Major players are reporting lower demand for new land than in 2020, when COVID-19 stimulus packages prompted a flurry of buying activity, but are confident the appetite for their product remains strong. Favourable […]
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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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WESTERN AUSTRALIAN HOME LOAN APPROVALS ROSE IN MAY, WITH LOANS FOR NEW DWELLINGS REACHING 19 YEAR HIGHS The number of loans for homes purchased by owner-occupiers rose 4.0 per cent in seasonally adjusted terms compared to April, according to figures published by the Bureau of Statistics today. Loans for the purchase and construction of new dwellings […]
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