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RELEASE OF LAZY LAND WILL HELP ADDRESS HOUSING SUPPLY
The Urban Development Institute of Australia (UDIA WA) has welcomed today’s announcement by the State Government that ‘lazy land’ will be made available to develop mixed use tenure housing developments to address WA’s looming land supply shortage. The Minister for Housing; Lands and Minister for Planning are calling for Registrations of Interest to develop mixed…
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DEMAND FOR NEW LAND IN PERTH CONTINUES TO RAMP UP
Demand for new land in Perth continues to grow according to the latest statistics released by the Urban Development Institute of Australia (UDIA WA). The September quarter UDIA WA Urban Development Index has recorded a 35% increase in new land sales for the quarter. “While the building stimulus measures pushed up sales dramatically last year,…
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TRANSFER DUTY REBATE EXTENSION HUGE WIN FOR APARTMENT MARKET
TRANSFER DUTY REBATE EXTENSION HUGE WIN FOR APARTMENT MARKET The Urban Development Institute of Australia (UDIA WA) has welcomed the State Government’s announcement in today’s budget of the extension of the current Transfer Duty Rebate Scheme for a further two years. “One of UDIA WA’s primary budget submission recommendations was the extension of the rebate…
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DEVELOPMENT INDUSTRY SUPPORTS ECONOMIC RECOVERY IN STATE BUDGET RECOMMENDATIONS
The Urban Development Institute of Australia (UDIA WA) is calling on the State Government to commit to significant property tax reform and to continue to work with the property industry to create jobs and fuel economic growth as part of a comprehensive state budget submission. “As we emerge from the ‘eye of the storm’ in…
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WA LAND MARKET TO REMAIN STRONG IN WAKE OF STIMULUS
New land sales figures from the Urban Development Institute of Australia (UDIA WA) show that demand for new land in Perth remains strong despite expectations from some commentators that we would see sales numbers fall off a proverbial cliff in the wake of heightened activity prompted by government stimulus measures last year. “Our figures show…
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INFRASTRUCTURE STRATEGY KEY TO A SUCCESSFUL STATE
The Urban Development Institute of Australia (UDIA WA) says that today’s launch of Western Australia’s first long term infrastructure strategy is a positive step toward a more coordinated and strategic roll out of major infrastructure across the state. “UDIA WA has long advocated for a long-term plan for infrastructure to guide urban development in Perth…
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PERTH HOME BUYER SENTIMENT UPBEAT DESPITE STIMULUS END
Consumers remain positive about the Perth property market despite the end to financial building stimulus measures according to new survey results from the UDIA /Urbis Home Purchaser Sentiment Survey. According to the survey, 44% of respondents feel positive about purchasing a property in the current market and 69% believe property prices will rise in Perth…
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NEW COMMUNITY SCHEMES OFFER OPPORTUNITY FOR CHANGE
A new form of land tenure that has just come into effect in Western Australia has the potential to change the way new development is delivered in the state and could facilitate greater innovation and new technology, according to the Urban Development Institute of Australia (UDIA WA). The Community Titles Act 2018 began operation on…
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HOUSING STARTS HIGHLIGHT LAND SUPPLY SHORTAGE
The latest forecasts released by the WA Housing Industry Forecasting Group (HIFG) today reflect record high housing starts, however land supply remains a critical issue for Perth and the regions according to the Urban Development Institute of Australia (UDIA WA). “The HIFG is forecasting record numbers of housing starts for the 2020-21 financial year and…