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Housing shortage predicted for Perth in next two years

May 21, 2018

Source: The Real Estate Conversation

A housing shortage is predicted for Perth in the next two years as building approvals for new dwellings is at the lowest it’s been since 2001.

Shane Kempton, Chief Operations Officer for Professionals Real Estate Group in Western Australia and the Northern Territory said that Perth will begin to experience a housing shortage over the next two years due to an under supply of new…

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WA needs second city and new curfew-free airport, says new West Australian Planning Commission

May 18, 2018

Source: The West Australian

The State should start planning for a second city that is not Bunbury, as well as a second international airport, according to the WA Planning Commission.

WAPC chairman David Caddy, speaking to an Urban Development Institute of Australia WA function about the short-term planning agenda — including implementing Metronet, overhauling the State’s strategic planning regime and improving transparency and communication — said it was…

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Projects, jobs in pipeline

Source: Broome Advertiser

Several multimillion-dollar projects lining up in the Kimberley are set to generate hundreds of new jobs and bolster flat economies in Broome and Derby.

The pipeline of prosperity is almost ready to flow after months and, in some cases, years of planning and consultations, and includes major road improvements and capital works. A proposal by Sheffield Resources to mine mineral sands between Broome and…

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Despite concerns over tax increases for investors, the spike in first home buyers is encouraging

May 17, 2018

Source: The Real Estate Conversation

While there are concerns over property tax on foreign residential property investors slowing economic recovery, recent data shows that first home buyers are more active than ever in Perth, WA, after subdued buyer activity.

First home buyers in the Perth property market are active, with data for the March 2018 quarter revealing an increase in the sales for properties priced $500,000 and below.

Real Estate…

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Getting ready for EOFY — 5 quick tips for investors

May 16, 2018

Source: Smart Property Investment

With the end of financial year knocking on our doors soon, investors can get the jump on the tax man and get ready for his arrival. Here are some easy tips investors can look into to ensure that their finances are all in check.

With landlords coming into more scrutiny than ever from the Australian Tax Office, investors need to make sure that they are doing…

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Are house prices about to crash?

May 11, 2018

No, probably not, writes Lachlan Goddard from Real Estate Conversation.

It’s impossible to tell the future, but it is possible to have an understanding of what drives the value of housing in Australia and then track how these factors will shift over the coming years.

What Determines The Price Of Housing?

Many factors come into play when determining the price of an individual home.  However, from a macro level, the below five…

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‘Business as usual’ budget fails to reinvigorate property market

REIWA welcomes the WA Government’s decision not to increase property taxes, but is disappointed in the distinct lack of leadership on display in the 2018-19 State Budget, with no new initiatives included to address housing affordability or reinvigorate the property sector.

REIWA President Hayden Groves said while it was pleasing there were no increases to property taxes, this year’s budget was a mundane budget for the property market.

“The McGowan…

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Perth property boom predicted to follow lithium boom

May 8, 2018

Source: Smart Property Investment

The announcement of a new lithium refinery is predicted to create a boom in the Perth market.

The refinery, located in Kwinana, is expected to create hundreds of jobs and will transform the Perth market, according to Daniel McQuillan, managing director of Investwise.

“Last year, property sales in Perth were the lowest in more than 25 years and even lower than during the recession of 1990…

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Lithium jobs boom as Kidman picks Kwinana for refinery

May 6, 2018

Source: The West Australian

Kwinana has been chosen as the site of a lithium refinery, which is expected to run as a joint venture between Chilean lithium giant SQM and Kidman Resources.

Kidman shares were placed in a trading halt this morning ahead of the announcement about the plant, which will process ore from Kidman’s Earl Grey deposit at its Mt Holland project near Southern Cross.

Premier…

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Inflation up, but still below RBA target

April 24, 2018

SOURCE: Perth Now

Australia’s inflation remains below the Reserve Bank’s target, despite a spike in education and healthcare contributing to the 0.4 per cent rise in the consumer price index in the March quarter.

The CPI undershot economists’ forecasts for a 0.5 per cent lift, and was slower than the December quarter figure of 0.6 per cent, figures from the Australian Bureau of Statistics on Tuesday showed.

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