WA improves planning strategy
A vital component of any successful residential or commercial property investment is long term planning capable of fostering growth.
According to the Property Council of Australia, Western Australia has been effective in its particular strategy for future expansion.
Planning minister John Day was pleased with to see improvement in the states performance on the Property Council of Australia’s Development Assessment Report Card 2012.
"The state government has made planning reform a key priority and supported an ambitious reform agenda," he said.
The 5.3 to 7.1 advance in scoring from last year reflects what the Property Council of Australia acknowledged as significant improvement in WA's planning system.
Placing just behind the Northern Territory, Western Australia made substantial gains in the two years since it launched a new agenda to create a more efficient structure.
Mr Day said: "This report card highlights WA’s introduction of leading practice initiatives such as development assessment panels, the current Residential Design Code update and considerable advancement of both metropolitan and regional strategies."
The report may encourage commercial and land investment in the area as the gains reflect positivity for the economic climate of the region.