Just six years until Perth runs out of development land
Perth is facing a land supply crisis that threatens to derail its affordability, prompting a peak industry body to issue a report addressing the critical housing shortage.
Perth is one of the most affordable cities in the country but that status is under threat, with the city having just six years of supply left in current major greenfield projects.
The Urban Development Institute of Australia (UDIA WA) has launched a report that sets out four key recommendations for the state to avoid a critical housing crisis.
UDIA WA’s CEO Tanya Steinbeck said Perth has an enviable lifestyle but will lose that position if acti…