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PRIVATE INVESTMENT KEY TO FIXING WA’S RENTAL CRISIS
Incentivising investment in completed apartments and getting more housing stock on the ground now is key to immediately addressing WA’s rental crisis according to the Urban Development Institute of Australia (UDIA WA). “WA has experienced a long-term decline in residential property investment and we are suffering the consequences now,” UDIA WA CEO Tanya Steinbeck said.…
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FOCUS ON LOCAL AMENITIES WINS TOP HONOURS IN DEVELOPMENT AWARDS
The very best development projects in WA ranging from new land estates to apartments were recognised last night at the prestigious Urban Development Institute of Australia (UDIA WA) Awards for Excellence. “There is a common theme among these award winners, with many having a significant focus on high levels of social amenity that benefit residents…
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PERTH LAND SALES DOUBLE
New land sales statistics for Western Australia that were published today for the December 2020 quarter round out an unprecedented year for the Perth market with sales for the year a almost double compared to 2019. The UDIA WA Urban Development Index shows that 10,035 new lots were sold in the 2020 calendar year compared…
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LOW RATES TO 2024 WILL BOOST INVESTMENT IN WA RESIDENTIAL MARKET
Today’s announcement from RBA Governor Philip Lowe that official interest rates will remain at record lows until at least 2024 provides further confidence in WA’s longer-term residential property market recovery and will encourage much needed investors back into the market according to the Urban Development Institute of Australia (UDIA WA). “Attracting investment into WA’s residential…
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ADDITIONAL FUNDING WELCOMED BUT EXTRA TIME STILL NEEDED
The Urban Development Institute of Australia (UDIA WA) welcomes an additional $30 million boost to the Building Bonus program as announced by the State Government, however there is still the need for an extension to the delivery timeframes to ensure quality and safety aren’t compromised in delivering the final product. Earlier today the McGowan Government…
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INDUSTRY CALLS FOR MORE TIME TO DELIVER NEW LAND AND HOMES TO WA MARKET
The Urban Development Institute of Australia (UDIA WA) is calling for an extension to the timeframe to commence construction of a new home that has been set under the current State and Federal government housing stimulus measures to ensure quality and safety aren’t compromised in delivering the final product. The call comes as new dwelling…
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HOME BUYER SENTIMENT POSITIVE IN FACE OF COVID CRISIS
Home buyer sentiment remains overwhelmingly positive despite the economic impact of COVID 19 in Western Australia according to a new survey (The Urbis/UDIA Home Buyer Sentiment Survey) released by the Urban Development Institute of Australia (UDIA WA) and Urbis. According to the survey, 48% of people are positive about purchasing a home in the current…
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MOST NEW LAND SALES ON RECORD ACHIEVED IN PERTH
The land sales market in Perth is surging with latest data from the Urban Development Institute of Australia (UDIA WA) recording the most land sales during the June quarter that have ever been recorded*. According to UDIA WA there were 3,322 new lots sold in the June 2020 quarter compared with 1,999 the previous quarter.…
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STRATEGIC INFRASTRUCTURE PLANNING FUNDAMENTAL TO FUTURE GROWTH IN WA
The Urban Development Institute of Australia (UDIA WA) congratulated the State Government today on the much-anticipated launch of the State Infrastructure Strategy discussion paper, which it is hoped will facilitate ongoing collaboration with industry around the future strategic planning, funding and provision of major infrastructure projects across the state. “Historically, infrastructure funding and prioritisation has…