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NEW HOUSING SUPPLY REPORT WARNS OF LOOMING CRISIS
Perth is facing a housing supply shortage as demand is projected to outstrip supply within the next three years, threatening housing affordability in region, according to a report released today by the Urban Development Institute of Australia (UDIA WA). The report, Housing our Community: Acting Today to avoid tomorrow’s housing crisis, outlines the concerning impact…
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CONTINUED PLANNING SYSTEM OVERHAUL WELCOMED
The Urban Development Institute of Australia (UDIA WA) has welcomed the State Government’s move to open up broad community and stakeholder consultation on the next stage of planning reform. “Not only is it critical that we achieve a much simpler and clearer planning system, but it is also important that all stakeholders, including local community…
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DEMAND FOR NEW LAND GROWS IN PERTH
New land sales in Perth remain strong despite the winding up of State and Federal government stimulus measures. Latest figures from the Urban Development Institute of Australia (UDIA WA) show that new lot sales increased by close to 5% during the March 2021 quarter. “Despite concerns that the Building Bonus and HomeBuilder grants pulled forward…
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A STEP TOWARDS A COLLABORATIVE REGULATORY CULTURE
The Premier’s announcement today of a major reshuffle of Director General’s (DG’s) across a range of government departments has been welcomed by the Urban Development Institute of Australia (UDIA WA) as an opportunity to progress major reform that will benefit economic growth. Several of the retiring or transferring DGs are currently leading departments that directly impact…
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SOUTH PERTH APARTMENT PROJECT WINS NATIONAL AWARD
The Urban Development Institute of Australia (UDIA WA) is proud to announce that Echelon Residences by Giorgi has won a National UDIA Award for Excellence in the Medium Density category. The iconic South Perth project provides an attractive entry statement to South Perth as the area continues to transform into a more vibrant precinct just…
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PRIVATE INVESTMENT KEY TO FIXING WA’S RENTAL CRISIS
Incentivising investment in completed apartments and getting more housing stock on the ground now is key to immediately addressing WA’s rental crisis according to the Urban Development Institute of Australia (UDIA WA). “WA has experienced a long-term decline in residential property investment and we are suffering the consequences now,” UDIA WA CEO Tanya Steinbeck said.…
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FOCUS ON LOCAL AMENITIES WINS TOP HONOURS IN DEVELOPMENT AWARDS
The very best development projects in WA ranging from new land estates to apartments were recognised last night at the prestigious Urban Development Institute of Australia (UDIA WA) Awards for Excellence. “There is a common theme among these award winners, with many having a significant focus on high levels of social amenity that benefit residents…
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PERTH LAND SALES DOUBLE
New land sales statistics for Western Australia that were published today for the December 2020 quarter round out an unprecedented year for the Perth market with sales for the year a almost double compared to 2019. The UDIA WA Urban Development Index shows that 10,035 new lots were sold in the 2020 calendar year compared…
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LOW RATES TO 2024 WILL BOOST INVESTMENT IN WA RESIDENTIAL MARKET
Today’s announcement from RBA Governor Philip Lowe that official interest rates will remain at record lows until at least 2024 provides further confidence in WA’s longer-term residential property market recovery and will encourage much needed investors back into the market according to the Urban Development Institute of Australia (UDIA WA). “Attracting investment into WA’s residential…