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WA PROPERTY INDUSTRY WELCOMES GST REFORM
The Urban Development Institute of Australia (UDIA WA) has welcomed the Federal Government’s response to the Productivity Commission Report on GST distribution, stating that it will be a much needed boost to the national economy and ensure the WA economy is well and truly on track for growth. “UDIA WA has been supportive of calls…
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PERTH’S ‘T700 CHALLENGE’ TO GET PROPERTY MARKET BACK ON TRACK
Perth’s greenfield land market is on the cusp of positive growth with Director of Research4 Colin Keane issuing the “T700 Challenge” at an Urban Development Institute of Australia (UDIA WA) luncheon today. Touted the ‘greenfield guru’ Mr Keane delivered a presentation that outlined how, in order to reach positive growth, new land sales need to…
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NEW LEGISLATION ON STRATA INTRODUCED TO PARLIAMENT TODAY
The Urban Development Institute of Australia (UDIA WA) has heralded the introduction of the Strata Titles Amendment Bill 2018 and Community Titles Bill 2018 to state parliament today as the most significant strata title reform to property law in 30 years. “The introduction of this legislation, particularly the introduction of Community Title in WA, will…
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ICONIC SCARBOROUGH DECISION WELCOMED BY INDUSTRY
The Urban Development Institute of Australia (UDIA WA) has welcomed the approval of the Iconic Scarborough project by the Metropolitan Redevelopment Authority (MRA), saying it will set a high standard for future development in the Scarborough region. “The Iconic Scarborough project will provide a catalyst for much needed further private sector investment and regeneration in…
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WA STILL MISSING FAIR SHARE OF FEDERAL FUNDING
WA is still falling far behind the eastern states when it comes to getting a fair share of federal funding, particularly for major infrastructure projects, according to the Urban Development Institute of Australia (UDIA WA). “Despite the most recent announcement by Bill Shorten that Labor will increase their ‘Fair Share for WA Fund’ by $400…
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STRATA REFORM ON THE PRECIPICE IN WA
WA is on the precipice of the most significant strata title reform to property law in 30 years with the Minister for Planning; Lands and Transport outlining the draft legislation that is due to hit state parliament in the coming weeks at an Urban Development Institute of Australia (UDIA WA) event this morning. “The highly…
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LATEST DATA CONFIRMS WA PROPERTY MARKET RECOVERY
New land values are up, sales numbers are increasing and developers are clearly showing their confidence in the property market upswing as construction activity is also on the rise, according to the latest new land data from the Urban Development Institute of Australia (UDIA WA). “UDIA’s March 2018 quarter new land market data shows that…
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MAJOR URBAN INFILL PROJECTS MUST BE A SHOWCASE FOR PERTH’S FUTURE DEVELOPMENT
The property industry welcomes the opportunity to partner with the State Government on the development of ‘The Precincts’ urban infill projects that were announced by Minister Tinley today according to the Urban Development Institute of Australia (UDIA WA). “It is good to see the government providing leadership ‘on the ground’ with regard to promoting more…
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STATE BUDGET AIMS TO BOOST WA ECONOMY WITH ONE HAND AND POTENTIALLY THREATENS PROPERTY MARKET RECOVERY WITH THE OTHER
While welcoming the increased investment in infrastructure and housing affordability initiatives in this year’s WA state budget, the Urban Development Institute of Australia (UDIA WA) has voiced disappointment with the short-sighted approach to foreign investment that the government has taken. FOREIGN BUYERS SURCHARGE “The government is underestimating the impact that the increase to the Foreign…