WA | back on track
May 17, 2019
The first WA State Budget surplus in 5 years of $553 million and a $4.1 million reduction in State debt will kick start confidence and activity in the Perth property sector, according to John Gelavis, Executive Director of the Masters Builders Association.
Local property industry associations congratulated the McGowan Government on achieving a budget surplus but are still keen to see greater stimulus created for the property sector. They strongly support abolishing the Foreign Owner Duty Charge as it is stifling the industry and creating a deterrent for foreign investment.
Click on the image to read the complete article from The West Australian | Wednesday 15 May 2019.
Read Our Other Articles
INTEREST RATES SLASHED TO RECORD LOW
The Reserve Bank of Australia have cut interest rates to a record low of 0.10% – a dramatic shift...
Adelaide’s property market needs to be acknowledged
Terry Ryder the founder of hotspotting.com.au. believes Adelaide’s property market is one of the best locations to consider when...
Perth’s housing market jumps into 2020 with positive growth
Perth’s housing market has kicked off positively with home values set to rise by 6% this year according to predictions...
Perth rental and sales activity on the rise
Stupendous news for Perth as data derived from reiwa.com revealed leasing transactions rose by 16% as well as sales transactions...
WHAT MAKES AN APARTMENT DEVELOPMENT ‘BOUTIQUE”?
Boutique Apartments and townhouses are a growing trend in Perth, on the east of Australia, and abroad. The word...
Another boost to WA’s mining sector
Today we welcome more good news for WA’s economy with another boost for our mining industry. Fortescue Metals Group...
APRA finally relaxes loan serviceability conditions
Potential home buyers will be able to breathe a little bit easier after APRA’s (The Australian Prudential Regulatory Authority)...
PERTH’S MEDIAN DWELLING PRICE CLOSE TO RECORD HIGH
The median value of a Perth dwelling is tracking towards a new all-time high. Amid Australia’s dramatic price slowdown...
Perth’s housing affordability – the best it’s been in years
Perth has one of the most affordable property markets of any capital city in Australia. A decline in housing...
WA commercial property sector pushing through COVID-19 gloom
Between the lines, a report released by Ray White on Thursday revealed that despite the uncertainties brought on pandemic,...