Business News Townhouses are emerging as an attractive option for developers and consumers amid housing affordability challenges and risks around multi-residential projects. While building approvals for semi-detached dwellings fell in the five years to 2021, recent industry moves show this housing type is rising in popularity. Analysis by Perth property consultant Urbis of Australian Bureau of Statistics data shows […]
Australian Property Investor Australia’s largest building company, Metricon, has denied reports it is facing insolvency or at risk of joining a long line of major builders to go into liquidation. Executives from the company are meeting with the Victorian Government on Thursday (19 May) to discuss the $195m worth of contracts it has with the […]
The Property Tribune The March quarter saw land sales dip by 22% according to Urban Development Institute of Australia (UDIA) figures. While easing government stimulus measures may be a factor, the CEO of UDIA’s WA branch Tanya Steinbeck, believes skills and materials shortages are at the root of the decline. Ms Steinbeck warns that the shortage is leading […]
The West Australian Restricted land supply and relatively slow construction has forced WA land sales down by more than a fifth in the first quarter of the year. New figures from the Urban Development Institute of Australia (WA), show there were 1,880 new land sales in the March 2022 quarter, down 22 per cent. Ms […]
Business News Western Australia’s population growth could happen sooner than the government expects, putting further strain on the state’s housing market, economic consultant Urbis says. Urbis director David Cresp responded to the latest Urban Development Institute Australia WA figures, which show a 22 per cent drop in new land sales in the March quarter, by saying more housing and land […]
The West Australian Restricted land supply and relatively slow construction have forced WA land sales down by more than a fifth in the first quarter of the year. New figures from the Urban Development Institute of Australia (WA), show there were 1880 new land sales in the March 2022 quarter, down 22 per cent. Chief […]
Business News Property groups have welcomed measures to boost housing supply in this year’s budget but say its record infrastructure spend could impinge on private sector development in a tight labour market. The state government announced a 50 per cent land tax exemption on build-to-rent developments, a transfer duty rebate for off-the-plan apartments up to […]
The West Australian For the first time in more than 11 years, the Reserve Bank of Australia (RBA) has lifted the official cash rate, increasing it by 25 basis points to 0.35 per cent. According to the RBA Governor Philip Lowe, the board judged that now was the right time to begin withdrawing some of […]
The West Australian 4 May 2022 The cash rate rise has heightened the need to boost the supply of housing, amid growing concerns about housing affordability. The Urban Development Institute of Australia (WA) echoed a forecast from economist Jonathan Pain that there were likely to be “at least four rate rises before the end of […]