Supply constraints are hampering land sales across Western Australia, which have declined significantly in both the metropolitan area and regional centres, the Housing Industry Association says.
Construction company JAXON's newly established multi-residential division has inked its first contract – a $17 million, 86-unit design and construct deal in Queens Park for the Department of Housin
BGC has been knocked off the top spot in a ranking of Australia's largest home builders, but the Perth-based company remains the nation's biggest builder of detached houses.
A rebound in national home building approvals in July was largely driven by a significant increase in Western Australia, according to the Housing Industry Association.
The Housing Industry Association says Western Australia is set for second consecutive year of strong housing construction, despite a 7.1 per cent fall in new home sales in the month of July.
The state government has streamlined the planning approvals process, rolling out consistent regulations across local governments, introducing online application systems, and removing the requirement for single homes that meet R-Code regulations to have to go through the planning approvals process.
New home sales rebounded slightly in Western Australia in June, following the first fall in 2014 in the previous month, according to the latest research from the Housing Industry Association.
The latest land sales figures for Western Australia reflect strong demand but an inadequate supply of building-ready lots, according to the Housing Industry Association.
The upward momentum of the Perth housing market may not be as strong as previously thought, with new home sales falling for the first time this year, according to the latest report from the Housing
Western Australia has maintained the country's fastest annual population growth rate of 2.9 per cent, however the rate of growth has slowed compared with last year's figures.
Perth's housing affordability continues to improve, with low interest rates and a slight decline in home prices combining to make the local market more accessible.
Western Australia's leading property industry groups have warned the government not to abolish its Keystart shared equity home loan scheme, arguing it could push thousands of low-income earners into public housing.
Perth's residential property market has come off the boil, with the Real Estate Institute of WA reporting patchy sales in the March quarter, while property analysts RP Data-Rismark said the city's
Migration to Western Australia has fallen by more than 40 per cent in less than two years, with a slowdown in the resources sector driving a big fall in the number of workers moving west.
Approvals for home loans in Western Australia have risen by 10 per cent over the past 12 months, but the strong growth appears to be slowing down, according to economists.
Western Australian magnate Len Buckeridge has died of a heart attack at his home at the age of 77 – leaving one of the nation's biggest construction and building materials businesses in the hands of his children.
Perth has overtaken Sydney to record the most expensive residential land value per square metre of all major capital cities, fuelling concerns that land supply is not keeping up with market demand.
New home sales in Western Australia increased by 11 per cent in 2013 but housing experts say construction levels still haven't caught up with pent-up demand.
More than 20,000 Western Australians bought their first home in 2013 in another sign of strengthening activity in WA's residential construction sector.
The Housing Industry of Australia has welcomed the reinstatement of the Australian Building and Construction Commission and believes it is essential in boosting Australia's productivity.
Record-low interest rates and strong earnings growth have helped housing become more affordable in Western Australia, but rising dwelling prices have moderated the improvement, according to the Hou
New home building in Western Australia is set for a strong recovery, driven by the recent increase in first home owner grants and record low interest rates, a housing industry lobby group says.
New home sales surprisingly dipped by 10 per cent in Western Australia in May, but turnover of new housing stock remains significantly higher than 12 months ago.
Western Australia has featured strongly in a list of residential building hotspots, with three local suburbs featuring in the top five nationwide for activity.
Western Australian home building approvals rose slightly in March, but it wasn't enough to stem the largest monthly decline in national approvals since July last year.
THE downturn in Western Australia's property market is continuing to challenge the residential building industry, with housing starts falling across the board and businesses being forced to adapt.
New home sales in Western Australia rose by 21.8 per cent in April, while the national figures were flat, recording a slight increase of 0.1 per cent, figures from the Housing Industry Association Ltd showed.
