An interest rate reprieve has been supplemented by a WA Labor commitment for Stamp Duty relief for first home buyers and those buying into multi residential projects, a move welcomed by the property industry today. “While mortgage holders will no doubt be happy with the decision today by the Reserve Bank to cut the official […]
The property industry supports the latest pre-election commitment by the Labor Government in relation to boosting housing supply – the proposed $75 million Build to Rent Kickstart Fund and increased Build to Rent land tax concession announced today. According to the Urban Development Institute of Australia (UDIA WA) these initiatives will help support the delivery […]
The Urban Development Institute of Australia (UDIA WA) has welcomed today’s announcement that a re-elected WA Labor Government will roll out a major $210 million home ownership package. Centred around a new Shared Equity scheme for up to 1,000 new apartments and townhouses, the Government will take out a 35% equity share (or $250,000) in […]
New land prices in Perth are the highest since the 2007 economic boom, threatening Perth’s mantle as one of the most affordable capital cities in Australia. According to the latest data from the Urban Development Institute of Australia (UDIA WA), the average price of a new block of land in the Perth Metro Area is […]