Property locusts swarm WA Government

Last month, property lobbies met with the Western Australian Government to demand a housing stimulus package:

Major property industry players met senior McGowan Government ministers yesterday to plead their case for a sweeping stimulus package aimed at breathing life into the WA’s stagnant housing market.

Removing stamp duty on the purchase of apartments, raising the stamp duty threshold to $550,000 for first-homebuyers and bringing in concessions for downsizing seniors headline the proposal… Other measures… included slashing the foreign buyers surcharge from 7 to 4 per cent and reinstating Perth’s regional migration status in a bid to supercharge population growth.

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