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KEYSTART CHANGES WILL SUPPORT MORE PEOPLE IN REALISING HOUSING DREAM
The Urban Development Institute of Australia (UDIA WA) has welcomed this morning’s announcement by the Premier and Minister for Housing that Keystart home loans are now available for properties worth up to $560,000. According to UDIA WA, the new property limits are sensible, given the current cost of housing. “UDIA WA has been advocating for…
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DIVERSITY OF PROJECTS REFLECT THE ‘BEST OF BEST’ IN URBAN DEVELOPMENT
The Urban Development Institute of Australia (UDIA WA) crowned the best property developments in the state at a gala event on Saturday night. The award winners represent the diversity of development that is happening, particularly in Perth, with projects from larger, masterplanned estates through to smaller lot and town house developments recognised for quality, innovation…
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SALES DOWN AS INDUSTRY BATTLES LABOUR & MATERIAL SHORTAGE
New residential land sales have continued to decline in the June 2022 quarter according to data released today by the Urban Development Institute of Australia (UDIA WA). New land sales were down by 17% compared with the March 2022 quarter and down 4.6% over the year. “While sales have declined, UDIA WA has anecdotal feedback…
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UDIA WELCOMES NEW REPORT INTO STAMP DUTY REFORM
The Urban Development Institute of Australia (UDIA WA) welcomes a new report launched by the Chamber of Commerce and Industry WA (CCI WA) that provides a strong evidence base for committing to stamp duty reform in Western Australia. UDIA WA have long-advocated for property tax reform and highlighted the handbrake that stamp duty places on…
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LAND SALES HAMPERED BY SKILLS AND MATERIALS SHORTAGES – UDIA WA
Land sales have dipped by 22% in the March 2022 quarter according to the latest figures from the Urban Development Institute of Australia (UDIA WA). 1,880 new land sales were recorded in the March 2022 quarter. While this figure is down compared to the increased activity prompted by the State and Federal government building stimulus…
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PREMIER ACKNOWLEDGES DIRE NEED TO FOCUS ON HOUSING SUPPLY IN STATE BUDGET
The Urban Development Institute of Australia (UDIA WA) has welcomed the Premier’s focus on housing and land supply in today’s WA State Budget given the housing supply crisis that is being experienced across the state. Measures to facilitate Build-to-Rent product, the expansion of the Off-the-Plan Duty Rebate Scheme and new Keystart loan products are all…
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SDAU EXTENSION GOOD NEWS FOR INDUSTRY AND COMMUNITY IN FACE OF HOUSING SHORTAGE
The State Government’s announcement today that the State Development Assessment Unit (SDAU) will be reopened to December 2023 has been enthusiastically welcomed by the Urban Development Institute of Australia (UDIA WA). “Western Australia is facing a critical housing supply shortage that has been exacerbated by materials and skills shortages,” UDIA WA CEO Tanya Steinbeck said.…
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BROADER HOUSING AFFORDABILITY FEARS AMIDST RATE RISE
The Urban Development Institute of Australia (UDIA WA) says that while the decision to increase the official cash rate today is not a surprise, the concern it has caused many home owners and buyers is a catalyst for a broader discussion around housing affordability.
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STATE BUDGET MUST STEP UP TO FACE HOUSING BOOM PRESSURES
Housing supply and affordability are the primary focus of the Urban Development Institute of Australia (UDIA WA) State Budget Submission this year. “A supply crisis like what we are seeing now, will put further upward pressure on house prices and impact Perth and the regions relative affordability,” Ms Steinbeck said. Housing supply in particular has…