ABC News It’s been 75 weeks since Perth couple Cassie and Julian Kirtisingham signed a contract to build a five-bedroom, two-bathroom house in the city’s southern suburbs. Like many new home buyers, the couple signed up in late 2020 so they could take advantage of $20,000 WA government and $25,000 federal government stimulus grants designed […]
Business News Industry leaders are finding ways to address shortfalls in affordable housing and homeless accommodation. The rising cost of living and housing supply pressures are contributing to an increase in homelessness and dependence on social housing. While government investment in these areas has grown, the private sector has a role to play in leveraging […]
The Urban Developer At least half Australia’s building companies are trading insolvent, teetering on the brink of collapse and the construction industry’s troubles are “about to get a whole lot worse”. So says Association of Professional Builders co-founder Russ Stephens as the casualties in the country’s pressure-cooker construction sector keep piling up. “Our estimate is […]
WA Today A shelved plan to determine what land around Perth could be developed and what remnant bushland should be protected must be restarted as a priority to avoid future housing affordability issues, Western Australia’s peak developer lobby has warned. Home building incentives, started as part of the COVID-19 economic recovery, from the state and […]
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 […]
The West Australian There are growing calls for targeted stamp duty relief to help home buyers “rightsize” amid the chronic housing shortage. The Real Estate Institute of WA and the Urban Development Institute of WA have used pre-Budget submissions to lobby for better housing supply and affordability, as the State struggles with accommodation woes. High […]
Business News WESTERN Australia’s borders are open after almost two years, paving the way for interstate and overseas workers to plug the skills gaps exacerbated during COVID-19. But historically low rental vacancy rates mean there are few places for these workers to live. Industry experts describe the issue as a double-edged sword, as an undersupply […]
The West Australian Western Australian property developer Hesperia has achieved its first EnviroDevelopment certification, with the new Rivermark residential development receiving a stamp of excellence in sustainability. The Viveash estate on the banks of the Swan River attained full certification in the UDIA program, which helps buyers identify and choose more environmentally sustainable homes and […]
Business News Leading independent economist Jonathan Pain says he expects at least four interest rate rises within this calendar year, as monetary policy normalises. Speaking at an Urban Development Institute of Australia WA event today, the JP consulting director said central banks around the world had injected $32 trillion of monetary and fiscal stimulus in […]