Perth starts to show real choice

WAAA Director Samantha Reece has been touring a number of completed projects over the past four weeks and the following is her account of what she discovered - much to her delight. "When I started the WAAA in 2016 I did so with the intent of not just challenging the NIMBY movement but also the development sector. The concept of market led design was virtually unheard of, but I knew that it was the way of the future. Over the course of the past four years our research has challenged typical developer mentality and has guided an evolution of design including larger apartments and key elements such as study nooks. So when I recently toured four very different projects, I was delighted to see

10 year building maintenance plans - what you need to know

The Strata Titles Amendment Act, which came into effect on May 1st 2020, introduces a 10 year maintenance plan, which will be a compulsory requirement for Designated Strata Companies (10+ lots or building replacement cost of $5,000,000+). The 10 year maintenance plan will assist the council of owners in planning for future maintenance expenses so that large, unexpected special levies will not have to be raised in the future. The exciting addition to the strata regulations will make it so much easier to foresee expenses and have the funds ready to go when the time does come. The report itself has to cover almost everything that most Strata Companies will require to have repaired in the future

Buyer incentives help offset COVID

The State Government announced today that it will be expanding its stamp duty rebate which reflects up to 75% or $25,000 to those projects that have commenced construction. This complements the existing rebate which permits up to $50,000 stamp duty relief if buyers purchase off the plan. The second tier of rebate, for projects that have commenced construction, will be in effect until 31 December 2020 and is available to owner occupiers only. Ms Reece Director WAAA stated that research conducted by JLL indicated that only 800 apartments would be delivered in Perth in 2020 (half of the stock supplied in 2019) and only 380 in 2021 which would push up demand. "Ideally WAAA is seeking stamp dut

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