Financial Review The paucity of new policy in Jim Chalmers’ fourth budget raises the question whether the Albanese government has given up the fight on the so-called housing crisis. Worse, in a budget with weak new initiatives on housing, one proposal – “cracking down on foreign land banking” – would actually reduce the timing, and […]
The West Australian The best of the industry’s best were recognised in the Urban Development Institute of Australia’s national awards last week, including three WA winners. Curtin Heritage Living’s Cottesloe redevelopment took home top honours in the national Seniors’ Living category, for its 126 suite aged-care home and the 76 apartments, as well as a […]
Business News Land sales in Western Australia are continuing to rise, with a record volume of lots sold in 2024. New data from the Urban Development Institute of Australia WA showed that 11,168 lots sold in the Perth metropolitan area last year, a 38.5 per cent increase on 2023. This exceeds the previous high of […]
ABC The annual rate of headline inflation fell to 2.7 per cent in August, down from 3.5 per cent in July. That huge slowdown in the pace of headline inflation was expected, but economists say it needs to be interpreted cautiously. They say it partly reflects the recent introduction of Commonwealth and state government electricity […]
Domain Property industry commentators say any interest rate cuts by the Reserve Bank are likely to accelerate house price growth in Perth’s sizzling market. With inflation now edging towards 3 per cent, markets are pricing in up to four potential rate cuts next year, with the possibility of a cut before the end of the […]
The West Australian They’re the tightly held spots in our State that locals don’t really want you to know about. Pleasantville suburbs or townships where ‘when you buy there — you die there’. Across WA that place is Morangup, a hamlet on the cosy side of Toodyay on the edge of the Wheatbelt where residents […]
Australian Property Investor With the property market continuing to heat up in Western Australia, investors from interstate have shown an increasing interest in buying Perth property. At a recent presentation to UDIA WA members in Perth, REA Group Economist Anne Flaherty said investor activity in WA had ‘surged’, with the portion of investors in WA […]
The Property Tribune Downsizing in Australia is part of the broader housing diversity conversation. While there is growing momentum behind the idea of downsizing, major hurdles remain firmly ahead. At a UDIA WA event, Downsizer Economist in Residence, Michael Blythe, highlighted Australia’s aging population. In parallel, houses were also aging and becoming less suitable or unsuitable for older Australians. […]
Business News Housing and Planning Minister John Carey has defended building single dwellings amid a push for infill, saying some higher-density projects are just not viable in Perth. Speaking at an Urban Development Institute of Australia WA event today, Mr Carey was part of a panel speaking about the continued resistance to delivering density. UDIA WA chief executive Tanya Steinbeck asked […]