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The Urban Development Institute of Australia (UDIA) is Australia’s peak Representative body for all segments of the Urban Development Industry. The institute has been representing the industry in Western Australia for more than 40 years.
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CAN YOU IMAGINE PERTH AT 6.6 MILLION
LONG-TERM PROJECTIONS DIDN’T EXPECT THE RAPID POPULATION GROWTH PERTH HAS EXPERIENCED IN RECENT YEARS AND THEREFORE THE DIRECTIONS 2031 FORECAST OF 2.2M IS NOW MORE LIKELY TO BE REACHED 15 YEARS EARLIER. Perth has come…
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PLANNING REFORMS ESSENTIAL
MOST PEOPLE ARE AWARE THAT THE COST OF INTEREST ON A LOAN CAN BE MORE THAN THE COST OF WHAT YOU PURCHASED, DEPENDING UPON THE INTEREST RATE AND THE DURATION OF THE LOAN. IN PROPERTY…
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STRONG SALES PUSH STOCK LEVELS DOWN
LAND SALES OF MORE THAN 40 PER CENT ABOVE HISTORICAL AVERAGES PUT FURTHER PRESSURE ON SUPPLIES IN THE SEPTEMBER QUARTER. A survey of over thirty major land developers by the Urban Development Institute of Australia…
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GRANT CHANGES LIFT FIRST TIME BUYER INTEREST IN NEW DWELLINGS
THE CHANGES TO THE FIRST HOME OWNER GRANT HAVE ENCOURAGED A FURTHER LIFT IN FIRST HOME BUYER INTEREST IN NEW DWELLINGS, WHICH HAS ALREADY BEEN THE TREND FOR SOME TIME. First Home Owner Grant application…
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CONSTRUCTION FORECAST POSITIVE, BUT AFFORDABILITY STILL A CONCERN
DESPITE ABOVE AVERAGE DWELLING CONSTRUCTION EXPECTED NEXT YEAR, AN UNDER-SUPPLY OF AFFORDABLE HOUSING FOR RENT AND HOME OWNERSHIP PERSISTS, ACCORDING TO THE LATEST HOUSING INDUSTRY FORECASTING GROUP REPORT. The Housing Industry Forecasting Group (HIFG) consists…
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SMALLER LOTS KEEP A LID ON LAND PRICE GROWTH
INCREASED ACCEPTANCE OF SMALLER LOTS HAS KEPT LAND PRICES FROM RISING EXCESSIVELY OVER THE PAST YEAR. With demand for vacant land increasing and stock levels declining, there has been upward pressure on prices over the…
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FORESHORE PLANS SHOW CHANGING ASPIRATIONS
WHEN PEOPLE TALK ABOUT THE PERTH RIVERFRONT MOST PEOPLE THINK ABOUT THE PROPOSALS OVER THE LAST DECADE OR SO BUT DEVELOPMENT CONCEPTS HAVE BEEN FLOWING THROUGH SINCE THE 1800’S. An exhibition being hosted by AUDRC…
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NO SILVER BULLET TO HOUSING AFFORDABILITY
EVERYBODY IS IN FURIOUS AGREEMENT THAT WE NEED TO DELIVER MORE AFFORDABLE DWELLINGS, THE QUESTION IS HOW. The Department of Planning recently released a document called “Planning Provisions for Affordable Housing” which tries to tackle…
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OCTOBER PROPERTY MARKET UPDATE
A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND RESIDENTIAL PROPERTY MARKET REPORT The last few months have seen a significant shift in housing market media attention with a surge in auction activity and signs of…