WHILST THE FUNDAMENTALS FOR A CONTINUED UPLIFT IN PROPERTY ACTIVITY ARE STRONG, PROPERTY MARKET MOMENTUM WILL BE MAINTAINED AND EXACERBATED BY EMOTIONAL FACTORS Strong economic growth, record population growth, a tight rental market, decreasing mortgage costs, falling property listings; the list could go on. Even though the land development industry is largely not optimistic, these […]
UDIA WELCOMED LAST WEEK’S ANNOUNCEMENT BY THE PLANNING MINISTER OF NEW GUIDELINES FOR THE PREPARATION OF DEVELOPMENT STRUCTURE PLANS. Most people will look blankly at you when you start to talk about structure plans but they are the first round of planning that occurs for new sites. They are intended to give a broad understanding […]
SOMETIMES WHEN WE REFER TO DEVELOPERS MANY PEOPLE THINK OF BIG CORPORATE ENTITIES BUT THERE ARE MANY OF US INVOLVED AT A FAR SMALLER SCALE There are currently over seventy thousand lots with conditional approval from the WA Planning Commission wrapped up in 4,362 applications, which is an average of just over 16 lots per […]
REAL ESTATE HAS TRADITIONALLY BEEN SEEN AS A LOCAL BUSINESS BUT INCREASINGLY WE ARE SOURCING FUNDING , MATERIALS AND EVEN BUYERS FROM OVERSEAS. In WA, whilst we have had massive foreign investment into mining, we lag behind in real estate investment. The Foreign Investment Review Board identified that Western Australia attracted just 5.4 per cent […]
A LOOK AT HOW ACTIONS FIVE YEARS AGO PRECIPITATED SUBDUED MEDIUM AND HIGH DENSITY DEVELOPMENT IN WESTERN AUSTRALIA On the face of it, Friday August 10, 2007 isn’t the most memorable date on the calendar. More Australians would probably remember it as the day last placed Richmond beat Collingwood rather than as one of the […]
FIVE MONTHS OF STRONGER PROPERTY MARKET ACTIVITY IN 2012 SUGGESTS THAT THE TOUGH PROPERTY MARKET CONDITIONS IN 2010 AND 2011 ARE BEHIND US. Data released this month by the Australian Bureau of Statistics indicate that the rate cuts in May and June are starting to have a positive effect which is a good thing for […]
BUILDING, PLANNING AND LAND-USE REGULATIONS ARE THE LARGEST BURDENS IMPOSED ON BUSINESS BY LOCAL GOVERNMENTS IN AUSTRALIA, ACCORDING TO THE PRODUCTIVITY COMMISSION’S MOST RECENT REPORT, “PERFORMANCE BENCHMARKING OF AUSTRALIAN BUSINESS REGULATION: THE ROLE OF LOCAL GOVERNMENT AS REGULATOR.” In undertaking this study, the Productivity Commission was requested to benchmark the extent to which local governments, […]
AFTER YEARS IN OPPOSITION, THE INCOMING COALITION GOVERNMENT IN NSW HAS FOCUSSED ITS ATTENTION ON THE ANAEMIC RESIDENTIAL CONSTRUCTION SECTOR IN THE STATE First off the rank was a budget in June that places a firm emphasis on stimulating new home construction. Key initiatives focussed mainly on the provision of grants to purchasers of new […]
AFTER FIVE YEARS, THE WAIT IS OVER. NO, IT IS NOT TIME FOR THE ESTONIAN SONG FESTIVAL, LAULUPIDU, THIS IS HELD AGAIN IN 2014, BUT THE MUCH ANTICIPATED CENSUS OF POPULATION AND HOUSING. The Census is the largest and one of the most important statistical collections undertaken by the Australian Bureau of Statistics and is […]