-
HOMEBUYERS SET FOR WELCOME REPRIEVE
The Urban Development Institute of Australia (UDIA WA) has welcomed news today that the Australian Prudential Regulation Authority (APRA) is considering loosening mortgage rules – saying this will help boost the state’s struggling property market and assist more people into home ownership. “Since 2014 APRA’s requirement for a 7% servicing benchmark rate has been in…
-
STATE GOVERNMENT MUST BUILD ON INITIAL HOUSING STIMULUS MEASURES
The Urban Development Institute of Australia (UDIA WA) has congratulated the WA state government on a return to surplus in this year’s budget, however expressed a level of disappointment that this has not led to more significant stimulus measures for the struggling property market. “The Treasurer should be commended for his careful management of the…
-
UDIA CALLS FOR STAMP DUTY CUT FOR SENIORS AND A BOOST TO KEYSTART TO KICK START WA MARKET
A call to refrain from any new property taxes, introduction of a stamp duty concession and expanding Keystart are top of the agenda in the Urban Development Institute of Australia (UDIA WA) state budget submission this year given the property industry’s importance to the broader WA economy and enduring lacklustre market conditions. “The property industry…
-
MORE ENGAGEMENT AND CLEARER POLICY TO ACHIEVE INFILL TARGETS
Positive community engagement and clear policy is the key to achieving successful infill development that meets the needs of current and future residents in Perth was the key message at an Urban Development Institute of Australia (UDIA WA) event held today. At a luncheon featuring a panel of local government mayors from South Perth, Nedlands…
-
WA PROJECT TAKES OUT TOP HONOURS AT NATIONAL AWARDS
Perth’s iconic Yagan Square development by the Metropolitan Redevelopment Authority has won two awards at the UDIA National Awards presented on the Gold Coast last night including in the Urban Renewal category and the prestigious President’s Award. The President’s Award is bestowed on the ‘best of the best’ of all projects entered into the National…
-
UDIA WELCOMES MARKET-LED PROPOSALS POLICY
The Urban Development Institute of Australia (UDIA WA) has welcomed the state government’s announcement today that a Market-Led Proposals (MLPs) policy will commence in the coming weeks. “UDIA WA has been a strong supporter of introducing this type of policy for some time and we believe it will create new opportunities that allow the private…
-
RBA SAYS FOREIGN BUYERS TAX WON’T HELP WA’S MARKET RECOVERY
Speaking at an Urban Development Institute of Australia (UDIA WA) event this morning, the Assistant Governor of the Reserve Bank of Australia (RBA) Michele Bullock suggested that, given current sluggish property market conditions in WA, the newly introduced Foreign Buyers Surcharge ‘won’t help’ matters. Following a question from UDIA WA CEO Tanya Steinbeck regarding the…
-
INFRASTRUCTURE WA EDGES CLOSER
The Urban Development Institute of Australia (UDIA WA) has welcomed progress toward the establishment of Infrastructure WA (IWA), with the Premier announcing that legislation would be introduced to Parliament on Wednesday. “We have been calling for a more strategic approach to infrastructure planning and provision across the state for many years,” UDIA WA CEO Tanya…
-
NEW RULES MUST BALANCE DESIGN WITH AFFORDABILITY FOR NEW HOME BUYERS
The Urban Development Institute of Australia (UDIA WA) was pleased to host the launch of the highly anticipated Design WA (stage one) by the Minister for Planning, Rita Saffioti to a capacity crowd today. “UDIA WA supports good design outcomes to ensure quality of living standards for residents in WA and we welcome Design WA…