Business News Satterley Property Group director of planning Megan Adair has criticised the state government’s approach to planning policy, saying it is crippling the delivery of affordable housing. Speaking at an Urban Development Institute of Australia WA event today, Ms Adair said policies relating to public open space contributions and medium density were hampering developers’ ability to bring affordable housing to the […]
The West Australian Developers fear a draft policy — to charge Public Open Space contributions on infill projects like apartments — is akin to a new tax. The Urban Development Institution of Australian (WA) claims the State Government’s newly released draft Public Open Space policy ignores market realities. The draft policy applies the long-standing 10 […]
Business News Cabinet ministers Rita Saffioti, Paul Papalia, Bill Johnston and Balcatta MP David Michael were the major movers as Roger Cook unveiled his refreshed cabinet at Dumas House this morning. As widely expected, Ms Saffioti was handed the position of treasurer following her critical role endorsing Mr Cook for premier after the shock resignation […]
The Property Tribune Last week, Mark McGowan stepped down as Premier of Western Australia and Member for Rockingham. His replacement, Roger Cook, has today announced the new cabinet, which sees the Planning portfolio go from Rita Saffioti to John Carey, and Carey’s Local Government portfolio go to cabinet newcomer David Michael. Saffioti will become Deputy Premier, and also picked up Treasurer […]
WAToday While already well-established in the United Kingdom and United States, the build-to-rent property development model is in its infancy in Western Australia. But the concept is expected to gain traction following the announcement of state and federal tax sweeteners for the private sector to commit to new projects. Limnios Property Group managing director James […]
The Bankwest Curtin Economics Centre launched their new report, Housing Affordability in Western Australia 2023: Building for the future on Friday 5 May. This report found that housing affordability is deteriorating for both renters and mortgage holders, with no end in sight. Read the full report here: https://bit.ly/bcechousing2023 Tune in from 44:48 for the Panel […]
Australian Property Investor Magazine Western Australia’s state budget this week introduced measures to ease pressure on the housing supply crisis, but the UDIA is advocating for more to be done. Perth holds the mantle as one of the most affordable capital cities in Australia, however following Thursday’s State Budget, handed down by Premier and Treasurer […]
The Property Tribune The Western Australian Government has announced its latest Budget, with some of the key highlights: an expected $3.3 billion surplus for 2023-2024, and some $715 million in cost of living relief. Premier Mark McGowan’s latest Budget also delivers a $750 million boost for housing supply and housing choice initiatives. The Urban Development Institute of Australia (UDIA WA) […]
Business News Broader praise for Western Australia’s ‘ironclad budget’ has been accompanied by industry calls to build the state’s investment appeal and diversify the economy. S&P Global Ratings said WA’s robust economic growth, a historically tight job market, and lofty iron ore prices were buttressing the state’s fiscal performance. Despite describing the budget as ‘ironclad’, […]