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RATE CUT ANOTHER MUCH NEEDED BOOST TO WA PROPERTY MARKET
The Urban Development Institute of Australia (UDIA WA) says the latest official cash rate cut to 1% is another step toward a property market recovery in Western Australia as subdued conditions continue to take their toll. “This cut is a welcome move by the RBA to further support employment growth,” UDIA WA CEO Tanya Steinbeck…
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PERTH LAND PRICES UP TO $5000 UNDER CURRENT MARKET VALUE
The Urban Development Institute of Australia (UDIA WA) says that comments made today by national property analyst Colin Keane show that the WA property market is on the cusp of a recovery. Mr Keane, Director of Research4, was presenting at a UDIA WA Industry Luncheon at Crown Perth to a crowd of over 350 property…
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INDUSTRY WELCOMES PASSAGE OF INFRASTRUCTURE WA
The Urban Development Institute of Australia (UDIA WA) has welcomed the final passage of Infrastructure WA legislation, hailing it as a win for a more strategic approach to infrastructure delivery in the state. “We have been calling for a more strategic approach to infrastructure planning and provision across the state for many years,” UDIA WA…
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RATE CUT A TIMELY MOVE TOWARD MARKET RECOVERY: UDIA WA
The Urban Development Institute of Australia (UDIA WA) has welcomed today’s highly anticipated interest rate cut as a timely move that will benefit the struggling Western Australian property market. “WA has been wearing the pain of monetary policy decisions made to address economic and market conditions on the east coast for too long. With our…
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FINALISATION OF SMALL LOT POLICY WELCOMED: UDIA WA
The final release of the state government position statement on the delivery of ‘small lots under 100m2’ in Western Australia is welcomed as another step toward greater affordability and more diversity of housing choices for buyers according to the Urban Development Institute of Australia (UDIA WA). “The development industry has been leading the way in…
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HOMEBUYERS SET FOR WELCOME REPRIEVE
The Urban Development Institute of Australia (UDIA WA) has welcomed news today that the Australian Prudential Regulation Authority (APRA) is considering loosening mortgage rules – saying this will help boost the state’s struggling property market and assist more people into home ownership. “Since 2014 APRA’s requirement for a 7% servicing benchmark rate has been in…
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STATE GOVERNMENT MUST BUILD ON INITIAL HOUSING STIMULUS MEASURES
The Urban Development Institute of Australia (UDIA WA) has congratulated the WA state government on a return to surplus in this year’s budget, however expressed a level of disappointment that this has not led to more significant stimulus measures for the struggling property market. “The Treasurer should be commended for his careful management of the…
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UDIA CALLS FOR STAMP DUTY CUT FOR SENIORS AND A BOOST TO KEYSTART TO KICK START WA MARKET
A call to refrain from any new property taxes, introduction of a stamp duty concession and expanding Keystart are top of the agenda in the Urban Development Institute of Australia (UDIA WA) state budget submission this year given the property industry’s importance to the broader WA economy and enduring lacklustre market conditions. “The property industry…
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MORE ENGAGEMENT AND CLEARER POLICY TO ACHIEVE INFILL TARGETS
Positive community engagement and clear policy is the key to achieving successful infill development that meets the needs of current and future residents in Perth was the key message at an Urban Development Institute of Australia (UDIA WA) event held today. At a luncheon featuring a panel of local government mayors from South Perth, Nedlands…