Perth’s property market is grappling with an unprecedented housing shortage, impacting both prospective homeowners and investors. Recent data reveals rental vacancy rates have plummeted to historic lows, while the demand for housing continues to surge due to Perth’s growing population. This critical situation is further exacerbated by a decline in housing delivery, creating a perfect storm in the local property market.
With Perth’s housing market experiencing an unprecedented 18.7% annual price growth—the highest among Australian capitals—and a projected shortfall of over 30,000 dwellings in the next five years, the city is at a critical juncture. Better Way 2 Build is stepping up to empower developers with strategic solutions to meet these demands head-on.
Key Market Challenges Facing Perth
The booming Perth property market is not without its hurdles:
Housing Shortages: Population growth and high demand have outstripped supply. According to the Urban Development Institute of Australia (UDIA), the city will face a deficit of 30,000 homes by 2029, exacerbating housing affordability concerns.
Escalating Costs: Rising construction costs and project delays are pushing many developments into the “too-hard basket,” as noted by major investors like Gerry Harvey.
Investor Concerns: Although interstate investors have increased their participation by 53% in the past year, frustrations over Perth’s constrained housing stock and lengthy development timelines are mounting.
Environmental Resistance: Large-scale projects, such as the controversial North Stoneville housing estate, face significant delays due to community opposition and environmental considerations.
Innovative Strategies for Property Development
In response to these challenges, Better Way 2 Build has developed innovative strategies to accelerate property development and create new housing opportunities:
Streamlined Processes: Leveraging our extensive network of builders and developers, we have established processes that significantly reduce project completion times without compromising quality.
Advanced Project Management: By implementing advanced methodologies, we enable concurrent development phases, effectively fast-tracking construction timelines.
Strategic Partnerships: Collaborations with local councils and planning authorities help refine development application processes, bringing new properties to market more efficiently.
Land-Matching Services
Better Way 2 Build has pioneered a unique land-matching service that connects developers with viable development sites, ensuring underutilised land is transformed into valuable housing stock. This approach has already facilitated numerous successful developments across Perth’s metropolitan area, contributing to the expansion of available housing.
Innovative Building Solutions
Our team works closely with architects and designers to:
Maximise land utilisation while maintaining neighbourhood character.
Create space-efficient designs that increase dwelling yields without sacrificing liveability or aesthetic appeal.
This balanced approach ensures we build not just houses but homes that enhance Perth’s communities.
Mitigating Rising Development Costs
The construction industry in Perth faces escalating costs, with current development expenses ranging between $2,300 and $4,450 per square metre. These challenges are driven by material shortages, labour constraints, and supply chain disruptions.
Our Cost Management Solutions:
Industry Relationships: Leveraging our collective buying power and strong partnerships with builders, suppliers, and contractors to secure preferential pricing for clients.
Cost Savings: Delivering savings of 10-15% on development projects through strategic cost management.
Value Engineering: Reviewing designs and specifications early to suggest alternative materials and methods that reduce costs without compromising quality.
Sophisticated Tools: Using cost-analysis tools to optimise project expenses, ensuring competitive pricing and project viability.
Our established relationships with multiple builders foster healthy competition, further ensuring the most competitive pricing for our clients, particularly in larger developments.
Navigating Environmental Regulations
Perth’s property development sector must comply with increasingly stringent environmental regulations, including sustainability requirements and net-zero targets.
Our Expertise in Environmental Compliance:
Proactive Planning: Early assessments to identify potential challenges and ensure smooth project progression.
Sustainable Design: Collaborating with architects and designers to incorporate features like water management, energy efficiency, and waste reduction that meet regulatory standards while enhancing property value.
Regulatory Navigation: Managing environmental impact assessments and securing necessary approvals.
Our proactive approach balances environmental responsibilities with development objectives, ensuring compliance even in environmentally sensitive areas.
Better Way 2 Build: A Partner for Success
Better Way 2 Build stands as a cornerstone of support for property development success in Perth. Our comprehensive services address the multifaceted challenges of today’s market.
Why Choose Better Way 2 Build?
Client-Centric Approach: Tailored strategies that align with individual client objectives.
Innovative Solutions: Combining industry knowledge with advanced solutions to deliver successful outcomes.
Strong Partnerships: Established relationships with industry leaders, regulatory bodies, and local authorities, providing clients unparalleled access to resources and expertise.
Our proven track record spans diverse projects, from boutique residential developments to large-scale commercial ventures. By understanding unique client aspirations and challenges, we deliver personalised strategies that navigate market complexities and ensure success.
Contact Us
For more information about how Better Way 2 Build can assist with your property development needs, please visit our website or contact us directly.
Better Way 2 Build
https://betterway2build.au/development/
Mike King
[email protected]
08 6118 6119
Perth, WA
Media ContactCompany Name: Better Way 2 BuildContact Person: Mike KingEmail: Send EmailCountry: United StatesWebsite: https://betterway2build.au/
