Tanya Stein­beck UDIA WA chief ex­ec­u­tive

Guardian Express - - RESIDENTIAL -

UDIA WA ex­pects pos­i­tive eco­nomic ac­tiv­ity, along with tighter rental con­di­tions, will have a flow-on ef­fect to the land and hous­ing mar­ket as de­mand in­creases.

We re­cently tracked the his­tor­i­cal im­pact of min­ing ex­plo­ration ex­pen­di­ture on dwelling com­mence­ment fig­ures in WA over the past 30 years in or­der to get an even clearer pic­ture on how that sec­tor af­fects the prop­erty mar­ket.

We found there is a dis­tinct two-year lag be­tween an up­turn in min­eral ex­plo­ration ex­pen­di­ture and a cor­re­spond­ing uplift in dwelling com­mence­ment fig­ures.

There­fore, based on cur­rent min­eral ex­plo­ration

ex­pen­di­ture fig­ures, we can con­fi­dently pre­dict that the next prop­erty mar­ket up­swing will likely oc­cur within 12-18 months. Ar­eas to watch

City of Swan: The re­cent re­zon­ing of a large swathe of land in Hen­ley Brook will open up more op­por­tu­nity in the north­east growth cor­ri­dor in the com­ing years.

Su­bi­aco: The Su­bi­aco East Re­de­vel­op­ment Area pro­vides a mas­sive op­por­tu­nity to pro­vide a di­verse range of res­i­den­tial, re­tail and com­mer­cial prod­uct to the mar­ket.

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