Business News With the moratorium on rental evictions and price increases coming to an end, industry explores what’s next. The state government’s decision to extend its emergency residential tenancy laws late last year took many property groups and landlords by surprise, given the increasingly robust performance of the local economy. The Residential Tenancies (COVID-19 Response) […]
Real Estate The West Australian Attending dozens of home opens, waiting in a line with hundreds of people, submitting an offer above asking price, and no luck. This has been the experience of many looking for a rental in Perth, as a concoction of record-low rental supplies, lack of investors and a dearth of properties […]
Business News – Land Developers Feature Perth’s urban areas continue to face green canopy loss despite growing awareness of the upside trees can deliver residential projects. Land developers in Western Australia are gradually realising the intrinsic commercial value offered by existing trees on their subdivisions. A number of developers spoken to by Business News are questioning the […]
Business News – Land Developers Feature Residential land developers hope the positive market momentum prompted by housing stimulus measures can be extended long term. For many land developers, last year provided a welcome change to years of weak demand and subdued market activity. The state government’s Building Bonus and federal HomeBuilder grants introduced in June […]
Realestate.com.au Western Australia’s property sector has called on Mark McGowan’s triumphant Labor Government to prioritise stamp duty reform and act to alleviate rental stock shortages after winning a second term in office. The demands, which also include more social and affordable housing and investment in more jobs and apprentices to cope with the flood of […]
WA Today Perth’s historic low of available rental properties could instantly increase by 53 per cent if investors bought and rented 1600 apartments for sale in some of the city’s most attractive suburbs. That was the message at an industry event hosted by the Urban Development Institute of Australia WA on Wednesday. Perth’s rental vacancy […]
Australian Financial Review The COVID-19 housing demand, boosted by government stimulus for new housing, by low interest rates, and by changing housing preferences, has been an absolute boon for the nation’s greenfield land developers. The question is whether the surge in demand, which includes a substantial pull-forward of future activity, can outlast the end of […]
The West Australian There are calls for drastic changes to stamp duty to help lure landlords back in to the market — to help ease the rental crisis — after a 75 per cent fall in investor finance in WA over the past five years. The Urban Development Institute of WA is calling for a […]
West Real Estate – The West Australian Despite a sharp dip in the December quarter, recent data from UDIA WA has revealed 2020 was an unprecedented year for land sales in Western Australia. Sales almost doubled year on year, according to the UDIA WA Urban Development Index, with 10,035 new lots sold in 2020 compared […]