The West Australian Restricted land supply and relatively slow construction have forced WA land sales down by more than a fifth in the first quarter of the year. New figures from the Urban Development Institute of Australia (WA), show there were 1880 new land sales in the March 2022 quarter, down 22 per cent. Chief […]
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FIRST HOME BUYERS TEND TO BE USED BY MANY AS A BAROMETER FOR THE PROPERTY MARKET; HOW MANY AND HOW MUCH THEY ARE PAYING HAS BEEN THE TOPIC OF MEDIA INTEREST FOR A LONG TIME. ONE OF THE USEFUL SOURCES OF INFORMATION IS TREASURY’S ANALYSIS OF THE FIRST HOME OWNER GRANT (FHOG) WHICH WE HAVE […]
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STRONG POPULATION GROWTH, DECLINING MORTGAGE COSTS AND HEALTHIER PROPERTY MARKET ACTIVITY ARE DRIVING A CYCLICAL UPSWING IN DWELLING CONSTRUCTION, WHICH IS MOST PREVALENT IN PERTH. Perth is leading the dwelling construction recovery in Australia. During the first seven months of 2013, an average of 1,755 dwellings were approved for construction – a 34.3 per cent […]
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