Property parasites swarm WA’s foreign buyer stamp duty surcharge

Thursday, 10 May 2018

WA’s Labor Government has announced that it will follow the other states and hike stamp duties on foreign buyers in today’s State Budget, and this has the property lobby spitting chips:

A plan to slug foreign property buyers in WA with a 7 per cent surcharge will damage recovery of the state’s property market, a real estate peak body has warned.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.