Perth running out of greenfield land, facing 20,000 home shortfall
Perth is facing a drastic shortfall in new homes over the next couple of years but the city remains the most affordable for real estate investors looking for vacant blocks to develop.
The average price of new land in Perth sits at $243,650, which is about 40 per cent cheaper than the combined capital city average. (Image source: Shutterstock.com)
The ‘Lucky Country’ is fast turning into the ‘Impossible Country’, as more and more people are struggling to find affordable and appropriate accommodation that suits the needs of their household.
UDIA WA has been sounding the alarm bells for years now in relation to the housing supply crisis that we currently find ourselves in, not just in Western Australia but across the country.
A lack of forward supply across the housing continuum, from cris…
