WA BUSINESS NEWS The Perth property market has recorded an increase in the price of new land sold and strong growth in land under construction in the March quarter, however annual data in a new report out today shows the market still has a long way to fully recover. The Urban Development Institute of Australia […]
WA BUSINESS NEWS A Singaporean investment manager has bought the Sunmoon Boutique Resort in Scarborough for $8.3 million, with plans to transform the property into one of Australia’s first build-to-rent projects. Located on West Coast Highway about 100 metres from Scarborough beach, the Sunmoon Resort contains 45 suites over two separate buildings across a 3,035 […]
THE AUSTRALIAN FINANCIAL REVIEW The near-doubling of a new tax on foreign residential property investors in Western Australia has been criticised by development and property experts, who claim it will slow economic recovery. The recent state budget increased a residential foreign buyer tax from 4 per cent to 7 per cent before the commencement date […]
PERTH NOW THE State should start planning for a second city that is not Bunbury, as well as a second international airport, according to the WA Planning Commission. WAPC chairman David Caddy, speaking to an Urban Development Institute of Australia WA function about the short-term planning agenda — including implementing Metronet, overhauling the State’s strategic […]
THE WEEKEND WEST The State Government has “suspended work” on a long-running project to create a Green Growth Plan, to streamline WA’s Commonwealth and State land use approvals, because of concerns about costs and the impact on housing affordability. Planning Minister Rita Saffioti said work on the Strategic Assessment of the Perth and Peel Regions […]
REALESTATE.COM.AU The City of Fremantle has voted to change its local planning scheme and adopt a new planning policy for infill developments that will see smaller houses, a greater diversity in developments and more green space. The initiative, initially mooted for the southern suburbs of White Gum Valley, Samson, Hilton, O’Connor, Beaconsfield and Fremantle, will […]
DOMAIN Perth’s land market is finally showing clear signs of recovery with positive growth in price and sales following several years of downturn. The Urban Development Institute of WA has categorically called the bottom of the market, with new land sales up 4 per cent during the December quarter and price growth recorded. UDIA WA […]
WA BUSINESS NEWS A disconnect between urban infill ambitions in WA and the sector’s ability to deliver is hindering the development of medium-density projects. There is a ‘missing middle’ phenomenon emerging in Western Australia’s property sector. Steven Rowley, the director of Curtin University’s housing and urban research centre, told an Urban Development Institute of Australia […]
THE WEST AUSTRALIAN The WA chapter of the Urban Development Institute of Australia is reconsidering its opposition to land tax — in return for eliminating stamp duty on property transfers — in a bid to reenergise the State’s lethargic economy. “I think at the moment everything is up for debate,” UDIA WA president Nick Allingame […]