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WA STILL MISSING FAIR SHARE OF FEDERAL FUNDING
WA is still falling far behind the eastern states when it comes to getting a fair share of federal funding, particularly for major infrastructure projects, according to the Urban Development Institute of Australia (UDIA WA). “Despite the most recent announcement by Bill Shorten that Labor will increase their ‘Fair Share for WA Fund’ by $400…
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STRATA REFORM ON THE PRECIPICE IN WA
WA is on the precipice of the most significant strata title reform to property law in 30 years with the Minister for Planning; Lands and Transport outlining the draft legislation that is due to hit state parliament in the coming weeks at an Urban Development Institute of Australia (UDIA WA) event this morning. “The highly…
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LATEST DATA CONFIRMS WA PROPERTY MARKET RECOVERY
New land values are up, sales numbers are increasing and developers are clearly showing their confidence in the property market upswing as construction activity is also on the rise, according to the latest new land data from the Urban Development Institute of Australia (UDIA WA). “UDIA’s March 2018 quarter new land market data shows that…
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MAJOR URBAN INFILL PROJECTS MUST BE A SHOWCASE FOR PERTH’S FUTURE DEVELOPMENT
The property industry welcomes the opportunity to partner with the State Government on the development of ‘The Precincts’ urban infill projects that were announced by Minister Tinley today according to the Urban Development Institute of Australia (UDIA WA). “It is good to see the government providing leadership ‘on the ground’ with regard to promoting more…
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STATE BUDGET AIMS TO BOOST WA ECONOMY WITH ONE HAND AND POTENTIALLY THREATENS PROPERTY MARKET RECOVERY WITH THE OTHER
While welcoming the increased investment in infrastructure and housing affordability initiatives in this year’s WA state budget, the Urban Development Institute of Australia (UDIA WA) has voiced disappointment with the short-sighted approach to foreign investment that the government has taken. FOREIGN BUYERS SURCHARGE “The government is underestimating the impact that the increase to the Foreign…
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NEW FOREIGN BUYERS SURCHARGE WILL JEOPARDISE MUCH NEEDED INVESTMENT IN WA
The Government’s announcement that it will hit foreign residential property buyers with an extra 7% tax surcharge is very disappointing as it will jeopardise the property market and WA’s broader economic recovery, according to the Urban Development Institute of Australia (UDIA). “UDIA is strongly opposed to the new foreign investment tax as it will stifle…
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UDIA WELCOMES INFRASTRUCTURE FUNDING BUT MORE TO BE DONE TO EASE HOUSING AFFORDABILITY
As expected, $3.2 billion was allocated to WA in tonight’s federal budget for investment in infrastructure and it is a welcome boost to WA’s challenging economic conditions according to the Urban Development Institute of Australia (UDIA WA). “For too long, WA has missed out on its share of the billions of dollars in infrastructure investment…
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WA NEEDS PROPERTY TAX OVERHAUL
The McGowan Government must commit to investigating the introduction of a broad based land tax system in WA to replace the current regimes according to the Urban Development Institute of Australia (UDIA WA). “UDIA’s state budget submission has called for a comprehensive review of State based property taxes including Stamp Duty and Land Tax to…
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LEAVE PROPERTY TAXES ALONE TO ASSIST HOUSING AFFORDABILITY
Today’s Anglicare Rental Affordability Snapshot is yet more evidence that the state government must leave property taxes alone this state budget according to the Urban Development Institute of Australia (UDIA WA). “Housing affordability clearly remains a critical issue in Western Australia despite recent moderations in home values and median rents,” UDIA CEO Allison Hailes said. “The latest…