LIVING CLOSE IS IMPORTANT, BUT THE QUESTION IS WHAT DO YOU WANT TO BE CLOSE TO? FOR SOME PEOPLE IT WILL BE PUBLIC TRANSPORT, FOR OTHERS IT IS THE BEACH OR THE SWAN RIVER BUT FOR EVERYBODY THERE ARE INCREASING OPPORTUNITIES ON THE MARKET. Last week I took a drive up to Alkimos to check […]
THIS WEEK MARKED THE INTRODUCTION ON NEW STAMP DUTY EXEMPTION THRESHOLDS FOR FIRST HOME BUYERS. FROM THE 1ST JULY ONLY PROPERTIES PRICED UNDER $430,000 WILL RECEIVE THE FULL STAMP DUTY EXEMPTION, WITH CONCESSIONS PHASING OUT AT $530,000. NO CHANGES WERE MADE FOR FIRST HOME BUYERS OF NEW HOUSE AND LAND PACKAGES, WITH EXEMPTIONS FOR LAND […]
THE STATE GOVERNMENT RECENTLY ANNOUNCED THAT IT WILL EXAMINE EXISTING AND FUTURE WESTERN AUSTRALIAN COASTAL SETTLEMENTS TO “ALLOW MORE WEST AUSTRALIANS AND TOURISTS ACCESS TO OUR MAGNIFICENT COASTLINE.” The new “Coastal Towns and Settlements Cabinet Subcommittee” will investigate the development and revitalisation of priority coastal settlements and examine future coastal sites, particularly on the south […]
THE RISE OF THE SMALL LOT IS GETTING PLENTY OF MEDIA ATTENTION AT THE MOMENT WHICH IS INTERESTING GIVEN THAT IT IS MORE ABOUT “BACK TO THE FUTURE” RATHER THAN A NEW PRODUCT. Six metre wide lots were not unusual in areas such as Subiaco which were developed before the rise of the motor vehicle. […]
IN THE PROPERTY MARKET MAKING SENSE OF STATISTICS IS VITAL BUT TAKEN IN ISOLATION, SOME STATISTICS CAN BE DOWNRIGHT CONFUSING. THERE ARE A FEW QUESTIONS TO ASK YOURSELF WHEN TRYING TO MAKE SENSE OF WHAT THE COMMENTATORS ARE SAYING. The first is the time period the data refers to; some data can be up to […]
THE CITY OF KWINANA CELEBRATES 60 YEARS SINCE THE LAND WAS ANNEXED FROM WHAT WAS THE QUIET SEASIDE RESORT OF ROCKINGHAM TO CREATE THE KWINANA DISTRICT. TODAY KWINANA HAS BECOME A THRIVING COMMUNITY, AFTER A COUPLE OF FALSE STARTS IN 1829 AND THE SOLDIER SETTLEMENT SCHEME IN THE POST WORLD WAR 1 ERA. The trigger […]
AFTER A RECORD BREAKING RUN OF SALES IN 2013, THERE WAS A SLIGHT DECLINE IN LOT SALES THIS QUARTER ACCORDING TO UDIA’S URBAN DEVELOPMENT INDEX, A SURVEY OF THE THIRTY LARGEST LAND DEVELOPERS IN WESTERN AUSTRALIA. WITH STOCK IN DECEMBER REACHING CONCERNING LEVELS THE FALL IN SALES IS NOT SURPRISING. HERE IS A QUICK SNAPSHOT […]
THE RECENT REPORT BY THE ECONOMIC REGULATION AUTHORITY INTO MICROECONOMIC REFORM INCLUDED A RECOMMENDATION TO ABOLISH KEYSTART, WHICH IS THE GOVERNMENT AGENCY THAT PROVIDES MORTGAGES TO ELIGIBLE PEOPLE TO PURCHASE NEW OR EXISTING HOMES WHO MAY NOT OTHERWISE OBTAIN COMMERCIALLY AVAILABLE FINANCE. The argument for the abolition of Keystart is premised on a very narrow […]
THE ECONOMIC REGULATION AUTHORITY (ERA) RECENTLY RELEASED THEIR DRAFT REPORT INTO MICROECONOMIC REFORM IN WESTERN AUSTRALIA. THIS IS A BOLD LOOK AT POTENTIAL CHANGES AND THE IMPACT THAT THEY COULD HAVE ON THE ECONOMY. A small forest long (350 pages), the report looks at a massive range of concepts including congestion charging, retail trading hours […]