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The Urban Development Institute of Australia (UDIA) is Australia’s peak Representative body for all segments of the Urban Development Industry. The institute has been representing the industry in Western Australia for more than 40 years.
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AUGUST PROPERTY MARKET UPDATE
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…
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PERTH BUYERS SPEND RECORD $450,000 ON FIRST HOME
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…
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LISTINGS FOR NEW LAND AT SEVEN YEAR LOWS
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…
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WHAT EFFECT WILL FHOG CHANGES HAVE?
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…
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BUDGET HOMES IN ON FHOG
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…
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SMART WAYS TO MANAGE DENSITIES
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…
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AGED HOMELESSNESS EXPECTED TO RISE
ONLY SIX PERCENT OF PEOPLE CATEGORISED AS HOMELESS FIT THE MORE TRADITIONAL NOTION OF “SLEEPING ROUGH”. The issue of housing affordability and availability was in the spotlight during Homeless Persons Week which runs through to…
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PERTH HOUSE PRICES UP
IT IS THAT TIME AGAIN. EVERY THREE MONTHS PROPERTY INFORMATION PROVIDERS PUBLISH THEIR ESTIMATES OF WHICH DIRECTION HOUSE PRICES ARE HEADING AND ONCE AGAIN WE ARE LEFT WITH A WIDE RANGE OF NUMBERS. Although the…
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DWELLING CONSTRUCTION TRENDS ACROSS AUSTRALIA
SEARCH DWELLING CONSTRUCTION TRENDS IN OVER 2,500 LOCATIONS ACROSS AUSTRALIA. The upswing in residential construction in Australia has been uneven, with to date Western Australia leading the dwelling construction recovery in the country. Approvals for…