2019 IS THE YEAR OF POSITIVES FOR WA "We have stability in housing prices and retail vacancy rates are low. This is backed by confidence in ...
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“2019 IS THE YEAR OF POSITIVES FOR WA.” “We have stability in housing prices and retail vacancy rates are low. This is backed by confidence in economic recovery, job creation and infrastructure investment.”
GEARS ARE IN MOTION TO LAUNCH WA INTO While the flow-on from recommendations made by the Banking ECONOMIC RECOVERY, FUELLED BY GOVERNMENT Royal Commission is yet to fully play out, it will throw a challenge INFRASTRUCTURE INVESTMENT, GROWTH to both the building industry and policy makers to lessen its IN MINING, JOB CREATION AND A LARGELY impact on customers. PREDICTABLE PHASE IN RESIDENTIAL BUILDING Looking to the future, there will be growth ahead in WA and an AND CONSTRUCTION. ample volume of work out there in residential housing. With a population projection of 3.5 million by 2050, it means that Home buyers have never been in a better position to get into the 800,000 new homes (a mix of vibrant inner city living and new housing market and it’s crucial the State Government capitalises community hubs) will be built in the Perth and Peel region over on this unique opportunity with first home buyer and low-income the next 30 years. stimulus. 2
ABN GROUP MANAGING DIRECTOR DALE ALCOCK IS AS MUCH AN ADVOCATE FOR HOME OWNERS AS HE IS FOR MAKING WA A GREAT PLACE TO CALL HOME. A third-generation home builder, Dale started his career as a bricklayer in the WA Wheatbelt. Since the ABN Group laid its first brick 40 years ago, Dale continues to guide the group through spectacular growth and success. His passion is built on keeping the dream of homeownership alive and seeing WA reach its full potential. This means challenging the status quo to match hurdles that face the building industry, home owners and customers. Today the company employs more than 1500 people and continues to be the largest private trainer of building apprentices. ABN has provided finance for more than 33,000 home owners, constructed $1 billion in commercial and residential development projects and has built a total of 75,000 homes across WA and Victoria. Dale can be contacted 24/7 directly on 0418 911 061 or (08) 9242 9270 or email dale@abngroup.com.au 3
PERTH FORECASTS – WHERE TO WA VS EAST COAST – DIFFERENT STAGES FROM HERE? OF THE HOUSING CYCLE • Housing price forecast – the projections show a stable • What is the WA property cycle in comparison to the pattern in 2020. eastern states. • The core driver of demand (population), the credit • Why Sydney centric commentary on property does not environment and consumer sentiment = volume of apply to WA consumers. future development in Perth. • ABN Group’s experience building homes in Perth and • RBA interest rate – when to expect an interest rate Melbourne. movement and the good news story. • WA’s economy - driving business and consumer sentiment. FIRST HOME BUYERS • 800,000 new homes needed in Perth and Peel regions by 2050 to meet the projected population increase – where • How we keep the dream of homeownership a reality. will these be built and what will this look like? • New innovative products that can support the • The challenge of balancing the need for increased urban homebuyer on their journey to buying a home. expansion against greater densification of the city. • Why now really is the time to buy a home in Perth. 4
A UNIQUE STATE – WA’S POSITIVES GOVERNMENT POLICY AND INITIATIVES • What is the future vision for Perth? Perth is home to • Builder’s perspective on the Banking Royal more than 2 million people and this is anticipated to Commission and impact on home buyers. grow to 3.5 million by 2050. • Accessing superannuation to buy property. • WA is Australia’s most affordable capital city for • Foreign Owner Duty Tax – how has this new surcharge housing and has been rated as one of the best in the impacted economy. world to live (Mercer Quality of Living City Ranking). • The crucial role of the State Government’s Keystart to • First Home Buyers have never been in a better stimulate first home buyers. position to buy a home. • How is the building industry guided by government • Growth in mining will take pressure off job insecurity, frameworks to meet the needs of future growth? directly and indirectly with the flow on effect. • State and federal election and budget analysis from a • McGowan Government commitment to grow economy Perth and Melbourne residential builder perspective. with strong investment in job-creating infrastructure. 5
INVESTING IN THE NEXT GENERATION OF TRADES “There’s never been a better • ABN Group is Australia’s largest and most successful time for home buyers to get apprenticeship training program for building and into the WA housing market construction trades. • Training building apprentices: why more private and it’s up to the building companies should do it & what this means for the industry and policy makers to future. help them capitalise on this unique opportunity.” GIVING BACK TO THE COMMUNITY • A subject close to Dale’s heart. The Alcock Family Foundation has donated more than $8.8 million to worthy causes, both close to home and overseas. 6
Dale can be contacted 24/7 directly on 0418 911 061 or (08) 9242 9270 or email dale@abngroup.com.au For queries or background information please contact ABN Group Communications Manager Robyn Preston on 0406 211 703 or robynpreston@abngroup.com.au BUILDERS SUPPORT SERVICES • Boutique Homes (VIC) • Boeing Plumbing • Celebration Homes • Ceiling Solutions • Dale Alcock Homes • Concretus • Dale Alcock Home • Hi-Point Roofing WA Improvement • The Maker Designer • Dale Alcock Homes Kitchens South West • Land and Property • Homebuyers Centre Development (WA & VIC) • Parcel Property • Webb & Brown-Neaves FINANCE TRAINING • Resolve Finance ABN Training (WA & VIC) 7
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