AN OVERVIEW OF RESIDENTIAL PROPERTY MARKET TRENDS FOR ESTABLISHED AND NEW DWELLINGS AND LAND MARKETS IN THE CITY OF WANNEROO The City of Wanneroo has been one of the fastest growing council areas in Australia over the last decade and there is much more growth in the region to come. As of mid-2011, the Department […]
EXTRACTS FROM THE LATEST LAND REPORT LIFT OUT IN THE WEEKEND WEST, INCLUDING SUMMARIES OF LAND MARKETS IN PERTH AND REGIONAL WA Coastal land popular Coastal living is becoming a reality for an increasing number of Perth residents. With a mixture of suburban and rare coastal products, developments from Alkimos up to Yanchep and Two […]
THE FEDERAL ELECTION IS SURPRISINGLY QUIET ON THE SUBJECT OF HOUSING AFFORDABILITY GIVEN IT IS SUCH A CRITICAL ISSUE. IN THE RECENT DEBATE AN AUDIENCE QUESTION ON THE TOPIC PROMPTED SOME INTERESTING OBSERVATIONS ON WHAT BOTH FEDERAL PARTIES HAVE ACHIEVED AND INTENDS TO DO. Mr Abbott’s response focused on the reduction on commercial construction costs, […]
A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND HOUSING MARKET UPDATE Economy Expectations are that the RBA Board will let a cash rate that has nearly halved over the last two years and a falling dollar that is down 15 per cent against the USD work their way through the economy, with the possibility of […]
FIRST HOME BUYERS IN PERTH SPENT A RECORD MEDIAN OF $450,000 ON THEIR HOME IN JULY, WHICH IS UP $32,000 (7.7 PER CENT) COMPARED TO 12 MONTHS AGO. “There are many first home buyers and investors competing in the same sub-$600,000 market, which is forcing prices up,” said Urban Development Institute of Australia (WA Division) […]
LAND DEVELOPERS IN PERTH ARE FAST-TRACKING LAND RELEASES AS STOCK LEVELS DECLINE TO THEIR LOWEST LEVEL IN SEVEN YEARS. A survey of over thirty major land developers by the Urban Development Institute of Australia (WA Division) showed the level of stock on the market fell 24.7 per cent over the three months to June 30 […]
THE RECENT DECISION BY THE WA GOVERNMENT TO INCREASE THE FIRST HOME OWNER GRANT ON NEW DWELLINGS TO $10,000 AND REDUCE THE GRANT ON ESTABLISHED DWELLINGS TO $3,000 MEANS EVERY STATE AND TERRITORY IN AUSTRALIA HAS ANNOUNCED OR ENACTED PLANS TO SHIFT THE GRANT IN FAVOUR OF PURCHASING NEW DWELLINGS. The $7,000 difference between new […]
CHANGES TO THE FIRST HOME OWNER GRANT (FHOG) HAVE MADE NEWS THIS WEEK AND THERE WILL BE PLENTY OF INFORMATION ABOUT WHO IT AFFECTS AND WHAT IT MEANS FOR YOU. BUT WHAT DOES IT MEAN FOR THE MARKET AND THE STATE? The fact that we are under building is not questioned. The National Housing Supply […]
TO ACHIEVE GREATER HOUSING DENSITY, IT WILL BE IMPORTANT TO PROMOTE AND INCREASE HOUSING DIVERSITY, ADAPTABILITY, AFFORDABILITY AND CHOICES By 2056 it is projected Perth’s population will be more than 4 million people, close to Sydney’s current population, and with this we can expect our future population densities to be similar. While Perth currently enjoys […]