1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Paramedics urge caution as accidents rates rise

April 19, 2012

The residential real estate market in Western Australia has been highlighted by new research into development projects and population figures.

Performed by Jeld-Wen and the Housing Industry Association (HIA), the Population and Residential Building Hotspots 2012 report looks to identify suburbs and localities across the nation that are performing above the national average.

In particular, the research looks at areas experiencing population growth above the rate of 1.4 per cent as well as residential developments totalling in excess of $100 million.

With all the resource expenditure and asset development taking place in WA, it is little wonder that the state has managed to claim five 'hotspots' in the top 20.

Serpentine-Jarrahdale displayed a population growth rate of 6.9 per cent per annum - the highest in the state - while the amount of residential work approved was over $108,000.

Conversely, Wanneroo's population rate was only 4.7 per cent but it had attracted over $235,000 in domestic development.

Chief economist at the HIA Dr Harley Dale commented that - while the results were promising - the peak body believed more could be done to support the new housing industry.

Dr Dale asserted: "There were ninety Hotspots around Australia in 2010-11, clearly demonstrating the potential for considerably higher levels of residential construction activity than is occurring."

Related Articles

Perth house prices reach new record high

Residential property prices have reached a new high in Perth, with the latest figures showing the ...
read more

Perth residential real estate developments reach milestones

A major residential property development earmarked for Perth's Burswood peninsula reached a ...
read more

Rental squeeze continues in Perth

The average price of a rental property in Perth continues to rise, recent data shows - a trend that ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more