IT’S EARLY DAYS, BUT CONFIDENCE IN PROPERTY IN THE SOUTH WEST IS TURNING AND WILL CONTINUE TO IMPROVE IN 2013 It is common for regional property markets to experience deeper troughs than the Perth metropolitan area as spending on holiday homes virtually ceases when the market turns down. But local economic factors remain at the […]
THERE ARE MANY OTHER FACTORS AT PLAY IN RELATION TO SOCIAL DISADVANTAGE AND INDEED WHERE PEOPLE CHOOSE TO LIVE One of the frustrations of public policy is when a single issue is examined and presented as a holistic assessment. For example, there is a common belief that there is an inverse relationship between household income […]
THE LATEST HOUSING INDUSTRY FORECASTING GROUP REPORT, TABLED IN PARLIAMENT BY MINISTER FOR HOUSING BILL MARMION YESTERDAY, HAS LIFTED ITS FORECASTS FOR DWELLING COMMENCEMENTS IN WESTERN AUSTRALIA AFTER RESIDENTIAL CONSTRUCTION AND LAND MARKET ACTIVITY GREW STRONGLY OVER THE LAST NINE MONTHS ON THE BACK OF DECLINING INTEREST RATES The Housing Industry Forecasting Group, a joint […]
THE GRATTAN INSTITUTE’S LATEST REPORT, PRODUCTIVE CITIES, IS RICH IN STRONG CONCEPTUAL ARGUMENTS, BUT ITS FAILURE TO ADDRESS SOME OF THE DIFFERENCES BETWEEN PERTH AND AUSTRALIA’S OTHER THREE LARGEST CITIES MAKES IT A SOMEWHAT SLANTED REPRESENTATION OF WHY PEOPLE LIVE WHERE THEY DO “If the structure of a city severely restricts access to jobs or […]
STOCK LEVELS HAVE DECLINED BY A THIRD, SALES ARE AT SIX-YEAR HIGHS; THIS WILL INEVITABLY PUT UPWARD PRESSURE ON PRICES. Six months ago, I mentioned that the fundamentals had shifted dramatically in favour of new dwellings and this would translate into further increases in land sales and eventually construction. Land sales in Perth subsequently increased […]
WITH LAND MARKET ACTIVITY HAVING PICKED UP PACE OVER THE LAST 12 MONTHS, STEVE ROBERTSON FROM PRM PROPERTY GROUP DISCUSSES THE THREAT OF A HOUSING SUPPLY CRISIS With further evidence emerging of a healthy recovery in the urban development sector in 2013, the ability to adequately meet the expected demand for new housing in WA […]
PAUL ROBERTS, ASSOCIATE AT RIDER LEVETT BUCKNALL, DISCUSSES HIS FORECASTS FOR CONSTRUCTION TIMEFRAMES AND COSTS IN WESTERN AUSTRALIA Growth in the Western Australian economy continues to surpass growth in all other states, supported by solid growth in private business investment. Household consumption growth was also strong, driven by the State’s strong population growth as well […]
CONTRARY TO THE OPINION OF SOME, THE LAST THING THE DEVELOPMENT INDUSTRY WANTS IS AN OVERHEATED MARKET BECAUSE A RAPID ESCALATION IN PRICING BRINGS IN SPECULATORS WHO TRY TO BUY AND SELL ON THE SAME RISING MARKET On Tuesday the Census Population Clock clicked over the 23 million mark with Australia’s population growing at a […]
LAND DEVELOPERS BROUGHT FORWARD NEW LAND RELEASES IN THE MARCH QUARTER TO HELP MEET INCREASING DEMAND FOR NEW DWELLINGS IN PERTH THAT HAS SEEN SALES VOLUMES REACH THEIR HIGHEST LEVEL SINCE 2006 Research by the Urban Development Institute of Australia (WA Division) showed that for the sixth consecutive quarter land developers have increased the number […]