“There’s delays in infrastructure…increases in developer contributions to local authorities, planning and environmental approval delays, more and more government regulation…[and] national safety harmonisation around the corner,” he told the AFR.
Dale Alcock of ABNG said the previous minerals boom artificially inflated the Perth residential market. “Property values increased exponentially; it was a boom that fundamentally destabilised and unbalanced the property market,” he said.
The company recently sold out a new 5 x 30 metre “flute” house and land package. Homes here sold from $268,000.