UDIA MONITORS LOT DEVELOPMENT ACTIVITY AND OVER THE NEXT FEW WEEKS WE WILL PROVIDE AN OVERVIEW OF HOW EACH OF THE FOUR MAJOR GROWTH CORRIDORS IN PERTH ARE PERFORMING. The north-western corridor has led developer lot sales in greater Perth over the past seven quarters after slugging it out with the south-western corridor, which shone […]
NEGATIVE GEARING HAS AGAIN LEAPT INTO THE PUBLIC DEBATE AND ECHOES MUCH OF THE DISCUSSION IN THE MID-1980S WHEN THE ABOLITION OF THE TAX DEDUCTION WAS CONSIDERED BY THE HAWKE GOVERNMENT, ONLY MONTHS AFTER IT WAS INTRODUCED. The Income Tax Assessment Act 1936 was varied in 1985 to quarantine all property losses from deduction against […]
TAXES PLAY A VITAL ROLE IN OUR COMMUNITIES, DELIVERING FUNDING FOR INFRASTRUCTURE AND SERVICES. BUT HOW THEY ARE COLLECTED CAN HAVE UNINTENDED CONSEQUENCES WHICH CAN STIFLE ECONOMIC DEVELOPMENT. The consultation period for the Federal Government’s tax review closed this week with the expectation of a large variety of responses. Taxes play a vital role in […]
THE NEXT AUSTRALIAN BUREAU OF STATISTICS POPULATION DATA IS DUE FOR RELEASE NEXT MONTH BUT WE MAY ALREADY BE SEEING INDICATORS OF A SECOND QUARTER OF GROWTH FOLLOWING THE DRAMATIC PLUNGE IN JUNE LAST YEAR WHEN NET OVERSEAS MIGRATION FELL SIGNIFICANTLY BY TWO-THIRDS AND NET INTERSTATE MIGRATION DIVED INTO THE NEGATIVE. The September net figure […]
THE STATE GOVERNMENT HERALDED A NUMBER OF CHANGES FOR THE PROPERTY INDUSTRY IN THIS YEAR’S STATE BUDGET, THE MOST OBVIOUS BEING THE REMOVAL OF THE FIRST HOME OWNER GRANT FOR EXISTING HOUSING. This change builds on last year’s adjustment which saw the $7000 grant varied to favour new dwellings. While the change will encourage the […]
THE HOUSING INDUSTRY FORECASTING GROUP RELEASED ITS LATEST REPORT ON DWELLING COMMENCEMENTS THIS MONTH. THE HIFG IS A UNIQUE BODY WHICH BRINGS TOGETHER ALL OF THE KEY STAKEHOLDERS FROM GOVERNMENT AND INDUSTRY TO TRY TO UNPACK THE DATA AND PREDICT WHAT WILL HAPPEN IN THE RESIDENTIAL PROPERTY MARKET. The main goal is to identify early […]
LAST WEEK THE STATE GOVERNMENT RELEASED THE THIRD ITERATION OF ITS STRATEGIC PLANNING DOCUMENTATION WHICH STARTED WITH THE RELEASE OF DIRECTIONS 2031 AND BEYOND SIX YEARS AGO. THE SUBREGIONAL FRAMEWORKS OUTLINES WHERE, AND HOW MUCH, DEVELOPMENT WILL BE REQUIRED TO HOUSE A POPULATION OF 3.5 MILLION PEOPLE. The Perth/Peel region is broken down into four […]
LAST WEEK THE MINISTER FOR PLANNING ANNOUNCED CHANGES TO THE “OPT IN” RANGE FOR DEVELOPMENT ASSESSMENT PANELS THAT PROVIDE GREATER FLEXIBILITY FOR DEVELOPERS TO CHOOSE TO GET THEIR APPROVAL THROUGH THE LOCAL GOVERNMENT OR THROUGH THE DAP. DAPs were an initiative of the Council of Australian Governments which was progressing a national planning reform agenda […]
THOSE OF YOU WHO HAVE ENJOYED A VISIT TO LONDON YOU MIGHT BE INTERESTED TO KNOW THAT THEY HAVE FINALLY TOPPED THE POPULATION RECORD SET IN 1939 OF 8.6 MILLION PEOPLE. WHAT IS EVEN MORE FASCINATING IS HOW THE CITY IS GROWING, AND THERE ARE INTERESTING PARALLELS TO PERTH. The construction of the London underground […]