Is Perth Property Development Dead? With Jay Sidhu

Perth Property Insider Podcast

English - June 28, 2023 17:00 - 30 minutes - 27.9 MB
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Today, we've got Jay Sidhu, a subdivision and development expert from Vision Surveys Consulting on the show to dive deep into ‘Is Perth Property Development Dead?’

It's a very valid question to ask. There's a lot of changes to the medium density R-codes, changes to the public open space requirements, changes to Aboriginal heritage act and they are all going to make property development harder in the shorter term.

With all these policy changes getting thrown into the development space along with all the recent increases in the building costs and the timeframes, I wanted to find out what Jay's seeing and his take on these various things.

Let's go inside.

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Episode Highlights:

Intro [00:00] Changes in the Perth Apartment Market [01:43] Impacts of the Changes to Medium Density [04:37] The Impact of Increased Cost of Construction on Development [07:20] Sweet Spots to Invest in the Market [11:49] Cost Stabilization, Taking It With a Pinch of Salt [14:18] Public Open Space Contribution Policy [15:39] What is the Aboriginal Cultural Heritage Act? [21:00] Important Things to Consider When Looking at Development Sites [23:11] Approvals and Conditional Subdivision [25:53] Out [29:58]

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