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NEW FOREIGN BUYERS SURCHARGE WILL JEOPARDISE MUCH NEEDED INVESTMENT IN WA
The Government’s announcement that it will hit foreign residential property buyers with an extra 7% tax surcharge is very disappointing as it will jeopardise the property market and WA’s broader economic recovery, according to the Urban Development Institute of Australia (UDIA). “UDIA is strongly opposed to the new foreign investment tax as it will stifle…
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UDIA WELCOMES INFRASTRUCTURE FUNDING BUT MORE TO BE DONE TO EASE HOUSING AFFORDABILITY
As expected, $3.2 billion was allocated to WA in tonight’s federal budget for investment in infrastructure and it is a welcome boost to WA’s challenging economic conditions according to the Urban Development Institute of Australia (UDIA WA). “For too long, WA has missed out on its share of the billions of dollars in infrastructure investment…
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WA NEEDS PROPERTY TAX OVERHAUL
The McGowan Government must commit to investigating the introduction of a broad based land tax system in WA to replace the current regimes according to the Urban Development Institute of Australia (UDIA WA). “UDIA’s state budget submission has called for a comprehensive review of State based property taxes including Stamp Duty and Land Tax to…
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LEAVE PROPERTY TAXES ALONE TO ASSIST HOUSING AFFORDABILITY
Today’s Anglicare Rental Affordability Snapshot is yet more evidence that the state government must leave property taxes alone this state budget according to the Urban Development Institute of Australia (UDIA WA). “Housing affordability clearly remains a critical issue in Western Australia despite recent moderations in home values and median rents,” UDIA CEO Allison Hailes said. “The latest…
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FEDERAL FUNDING FINALLY RECOGNISES THE NEEDS OF A GROWING WA
The challenging economic conditions that WA has been facing will be further eased by the significant federal infrastructure funding announced today according to the Urban Development Institute of Australia (UDIA WA). “For too long, WA has missed out on its share of the billions of dollars in infrastructure investment that have been spent in other…
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UDIA REFUTES URBAN INFILL COST CLAIMS
The Urban Development Institute of Australia (UDIA WA) has strongly countered claims by the City of Fremantle that a 100 per cent urban infill target would save the government $30 billion in infrastructure costs, saying those figures are unsubstantiated and such a target would be impossible to achieve without resulting in extremely poor housing choice…
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UDIA SUPPORTS GOVERNMENT’S MOVE TO SUSPEND STRATEGIC ASSESSMENT OF PERTH AND PEEL
The Urban Development Institute of Australia (UDIA WA) supports the state government’s decision to suspend work on producing a ‘Green Growth Plan’ for Perth and Peel as it could have significant implications for housing affordability and future development in the region. The Strategic Assessment of Perth and Peel (SAPPR) was commenced by the previous government…
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MORE EVIDENCE OF PERTH’S PROPERTY MARKET RECOVERY REVEALED
The 10th annual Urban Development Institute of Australia (UDIA) National State of the Land Report was released at UDIA’s National Congress in Melbourne this morning, reinforcing the Perth property market’s move into recovery mode following several years of downturn. The report covers both greenfield land and multi-unit development in Perth, with both sectors following a…
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MICRO LOTS A BOLD STEP FORWARD FOR HOUSING OPTIONS IN WA
A draft state government position statement released for comment today to govern the delivery of micro lots in Western Australia should lead to greater affordability and more diversity of housing choices for buyers according to the Urban Development Institute of Australia (UDIA WA). “The development industry has been leading the way in delivering more affordable…