MOST OF YOU WILL HAVE HEARD OF LEARNED HELPLESSNESS. THAT IS WHEN YOUR BELOVED TEENAGER SUDDENLY FORGETS HOW TO MAKE TOAST OR PUT WASHING IN THE LAUNDRY BASKET BUT CAN MASTER THE MOST COMPLICATED NEW TECHNOLOGY. OR THE PARTNER WHO SUDDENLY “UNLEARNS” HOW TO DO ROUTINE TASKS. AT THE OTHER END OF THE SCALE IS […]
ONE OF THE VERY OBVIOUS CHANGES OVER THE LAST TWO DECADES HAS BEEN THE PROPORTION OF THE LOT TAKEN UP BY THE DWELLING. Analysis of Landgate data shows that since 1993 the size of residential dwellings has grown from 25 percent as a proportion of the lot, to 41 percent. This is mainly due to […]
ACCORDING TO ABS DATA, OWNER OCCUPIED HOUSEHOLDS HAD A HIGHER LEVEL OF NET WEALTH THAN THOSE THAT RENT. With households in Perth having, on average, net property assets of $420,700, it is clear that property continues to underpin wealth accumulation throughout people’s lives, whether it is through the family home or other real estate investments. […]
UDIA SUPPORTS THE ORDERLY ROLL OUT OF LAND FOR URBAN DEVELOPMENT. HOWEVER IT RECOGNISES THAT, IN A PROPONENT DRIVEN SYSTEM, THE LAND OWNERS MAY NOT WANT TO, OR BE ABLE TO, DEVELOP WHEN IT IS THEIR “TURN.” When the major strategic planning strategy, Directions 2031, was first being developed under the then newly elected Barnett […]
The argument about whether or not environmental initiatives undertaken by developers resonate with buyers, and are useful selling points, has been around for some time. SMR’s “What Home Buyers Want” survey conducted across 20 residential estates, sheds some light on the subject, but also poses more challenges for developers. There are many excellent examples where […]
THE RECENT BUSHFIRES HAVE WREAKED HAVOC ON LOCAL COMMUNITIES, DESTROYING PROPERTY AND LEAVING RESIDENTS TO RETURN TO THEIR HOMES WITH THE SCARRED LANDSCAPE A LONG TERM REMINDER; AND THEY ARE THE LUCKY ONES. We had four bushfire evacuees, and their cats, live with us during the Mundaring fires. Their trauma during those first days when […]
RECENT ABS DATA CONFIRMED WHAT MANY WESTERN AUSTRALIAN’S SUSPECTED, THAT BUILDING A HOUSE IN WESTERN AUSTRALIA TAKES LONGER THAN ANYWHERE ELSE IN AUSTRALIA. The ABS analysed average dwelling completion times around Australia and found that Western Australia experienced the highest average completion times for new houses, while Queensland and Northern Territory experienced the lowest. Average […]
2013 WAS THE MOST ACTIVE YEAR FOR FIRST HOME BUYERS IN WESTERN AUSTRALIA SINCE THE FEDERAL GOVERNMENT’S TEMPORARY GRANT BOOST ENDED IN 2009. The number of First Home Owner Grants (FHOG) paid in Western Australia increased 19 per cent (to 20,441) in 2013, following the 28 per cent increase in 2012. “Declining interest rates and […]
BEFORE WE CAN UNDERSTAND HOW THE PERTH MARKET IS LIKELY TO BEHAVE IN 2014, LET’S FIRST TAKE A LOOK BACK AT DEVELOPMENTS OVER THE LAST COUPLE OF YEARS. Throughout most of 2011, dwelling sales were crawling along at their lowest levels in over a decade. As of October 2011, dwelling sales were 28 per cent […]