PROPERTY IS BACK IN THE FRONT PAGES IN PERTH AND THE MEDIA ATTENTION WILL ONLY INCREASE AS WE HEAD INTO A SUMMER THAT IS EXPECTED TO BE THE SUNNIEST FOR THE PROPERTY DEVELOPMENT SECTOR SINCE 2005/06. Although land development and residential construction activity is unambiguously strong, the state’s economy is undoubtedly not running as hot […]
LONG-TERM PROJECTIONS DIDN’T EXPECT THE RAPID POPULATION GROWTH PERTH HAS EXPERIENCED IN RECENT YEARS AND THEREFORE THE DIRECTIONS 2031 FORECAST OF 2.2M IS NOW MORE LIKELY TO BE REACHED 15 YEARS EARLIER. Perth has come a long way from when it was a small town which only first started to grow with the gold rush […]
MOST PEOPLE ARE AWARE THAT THE COST OF INTEREST ON A LOAN CAN BE MORE THAN THE COST OF WHAT YOU PURCHASED, DEPENDING UPON THE INTEREST RATE AND THE DURATION OF THE LOAN. IN PROPERTY DEVELOPMENT, THESE “HOLDING COSTS” CAN BE CRIPPLING IF THE PROCESS TAKES LONGER THAN ANTICIPATED. In the Phase Two of the […]
LAND SALES OF MORE THAN 40 PER CENT ABOVE HISTORICAL AVERAGES PUT FURTHER PRESSURE ON SUPPLIES IN THE SEPTEMBER QUARTER. A survey of over thirty major land developers by the Urban Development Institute of Australia (WA Division) showed the number of blocks on the market fell 9.7 per cent over the three months to September […]
THE CHANGES TO THE FIRST HOME OWNER GRANT HAVE ENCOURAGED A FURTHER LIFT IN FIRST HOME BUYER INTEREST IN NEW DWELLINGS, WHICH HAS ALREADY BEEN THE TREND FOR SOME TIME. First Home Owner Grant application data showed grant applications for new dwellings lifted 17 per cent in October to 633. The First Home Owner Grant […]
DESPITE ABOVE AVERAGE DWELLING CONSTRUCTION EXPECTED NEXT YEAR, AN UNDER-SUPPLY OF AFFORDABLE HOUSING FOR RENT AND HOME OWNERSHIP PERSISTS, ACCORDING TO THE LATEST HOUSING INDUSTRY FORECASTING GROUP REPORT. The Housing Industry Forecasting Group (HIFG) consists of industry and government representatives who collate data and attempt to polish up their crystal ball to forecast the delivery […]
INCREASED ACCEPTANCE OF SMALLER LOTS HAS KEPT LAND PRICES FROM RISING EXCESSIVELY OVER THE PAST YEAR. With demand for vacant land increasing and stock levels declining, there has been upward pressure on prices over the past 12 months. But rather than the double digit gains that were experienced from 2003 to 2007, the growth in […]
WHEN PEOPLE TALK ABOUT THE PERTH RIVERFRONT MOST PEOPLE THINK ABOUT THE PROPOSALS OVER THE LAST DECADE OR SO BUT DEVELOPMENT CONCEPTS HAVE BEEN FLOWING THROUGH SINCE THE 1800’S. An exhibition being hosted by AUDRC (the Australian Urban Design Research Centre) shows many of the plans, in chronological order, providing a fascinating insight into our […]
EVERYBODY IS IN FURIOUS AGREEMENT THAT WE NEED TO DELIVER MORE AFFORDABLE DWELLINGS, THE QUESTION IS HOW. The Department of Planning recently released a document called “Planning Provisions for Affordable Housing” which tries to tackle the thorny issue of affordable housing. Once you move outside of the Department of Housing’s funded works there are only […]