THE WEST AUSTRALIAN Perth’s iconic Yagan Square development by the Metropolitan Redevelopment Authority has taken out top honours at the UDIA National Awards presented on the Gold Coast earlier this week. The project won awards in the Urban Renewal category and also won the prestigious President’s Award. Testament to the success of Yagan Square, the […]
THE WEST AUSTRALIAN The blunt message last week from Reserve Bank assistant governor Michele Bullock’s speech to the Urban Development Institute of Australia (WA) was that lending and development excesses have hangovers that take time to recede. The mood in the room was that WA developers were being unfairly crippled by tighter lending standards brought […]
THE WEST AUSTRALIAN WA’s newly introduced foreign buyers’ surcharge was unlikely to help the State’s sluggish property market, Reserve Bank assistant governor Michele Bullock said. Ms Bullock told a UDIA WA function last week that in times of strong growth a surcharge would “take the edge off”. “I would only observe that given the WA […]
UDIA has made a pre-budget submission to the state government outlining key areas where the government can support the property sector and the market recovery. Recommendations are made in relation to: – the establishment of a broad based land tax system which distributes taxes more equitably – the introduction of a stamp duty concession for […]
UDIA WA is pleased to launch our 2019 Policy Priorities document entitled Developing great places to live, work and prosper. This document provides a clear set of recommended actions for government across six key areas: Support affordable housing delivery Streamline the system Lead creation of housing choice Invest in strategic infrastructure Foster a liveable city […]
Domain.com.au Perth’s property market looks set for a year of slow improvement amid reduced access to finance, low population growth and oversupply in some suburbs, experts say. And most key local industry players agree the worst is over for Perth’s residential market. It comes as Perth’s median house price remained flat over the three months […]
Realestate.com.au The West Australian residential housing market is likely to make a comeback in the next 12 to 18 months, new analysis of WA property market cycles over the past 30 years shows. The research, based on three decades of Australian Bureau of Statistics data and analysed by the Urban Development Institute of Australia, predicts […]
The West Australian Australia’s banking regulator has assured WA Treasurer Ben Wyatt the State’s struggling property market will not be further hit by tougher lending restrictions on prospective homebuyers. In a letter sent to Mr Wyatt and obtained by The West Australian, the Australian Prudential Regulation Authority said it was not about to consider any […]
WA Business News Property industry bodies say it is local governments, not development assessment panels, which need to eliminate uncertainty in the planning process. Outdated planning policies have been blamed for flashpoints of frustration emerging in the state’s development approvals process, with developers calling for an overhaul of planning frameworks and approvals systems to eliminate […]